HomeMy WebLinkAbout21-155 - ADMIN Resolution - City Council - 2021/12/13Resolution No. 21-155
Resolution adopting the 2022 general fund budget, other 2022 budgets and
authorizing the 2022 final property tax levy
Whereas, The City of St. Louis Park is required by Charter and State law to approve a
resolution setting forth an annual tax levy to the Hennepin County Auditor; and
Whereas, Minnesota Statutes currently in force require approval of a property tax levy
and a budget in December of each year; and
Whereas, the City Council has received the budget information;
Whereas, there are sufficient funds on hand, the 2022 debt levy is reduced from
$5,618,732 to $5,248,040;
Now therefore, be it resolved, by the City Council of the City of St. Louis Park, that the
2022 General Fund Budget and 2022 Budgets are adopted as presented; and
2021 2022
Adopted Proposed $%
General Fund Revenues:
General Property Taxes 29,601,811$ 30,532,470$ 930,659$ 3%
Licenses and Permits 4,621,829 4,750,604 128,775 3%
Fines & Forfeits 231,000 231,000 - 0%
Intergovernmental 1,661,549 1,748,770 87,221 5%
Charges for Services 2,013,834 2,284,483 270,649 13%
Miscellaneous Revenue 1,499,091 1,589,934 90,843 6%
Transfers In 2,055,017 2,198,477 143,460 7%
Investment Earnings 200,000 200,000 - 0%
Other Income 618,300 526,829 (91,471) -15%
Use of Fund Balance - 250,000 250,000 0%
Total General Fund Revenues 42,502,431$ 44,312,567$ 1,810,136$ 4.3%
Summary of Budgeted Revenues
Difference
2021 Adopted 2022 Proposed
Budget Budget
General Fund Expenditures:
General Government 10,961,627$ 11,200,857$ 239,230$ 2.2%
Public Safety 18,878,467 19,923,339 1,044,872 5.5%
Operations & Recreation 12,233,492 13,188,371 954,879 7.8%
Non-Departmental 428,845 - (428,845)
Total General Fund Expenditures 42,502,431$ 44,312,567$ 1,810,136$ 4.3%
Summary of Budgeted Expenditures
DocuSign Envelope ID: 2C9B6547-7D77-42E5-B7B1-26C1B4998BE9
Resolution No. 21-155 2
2021 2022
Adopted Proposed
Special Revenue
Housing Rehabilitation Fund
Total Housing Rehab Revenues 1,327,694$ 1,339,955$
Total Housing Rehab Expenditures 1,420,616 1,746,923
CDBG Fund
Total CDBG Revenues 150,000 165,000
Total CDBG Expenditures 150,000 165,000
Cable TV Fund
Total Cable TV Revenues 559,250 759,500
Total Cable TV Expenditures 572,266 664,902
Climate Investment Fund
Total Climate Investment Fund Revenues - 300,000
Total Climate Investment Fund Expenditures - 391,000
Housing Trust Fund
Total Housing Trust Fund Revenues 1,558,361 1,532,799
Total Housing Trust Fund Expenditures 1,650,000 2,047,133
Capital Project
Development Fund
Total Development Fund Revenues 6,317,881 10,593,960
Total Development Fund Expenditures 11,451,400 5,675,476
Enterprise
Water Utility Fund
Total Water Revenues 8,156,395 8,390,627
Total Water Expenses 8,216,509 7,925,491
Sewer Utility Fund
Total Sewer Revenues 8,252,919 8,493,920
Total Sewer Expenses 8,125,986 9,631,024
Solid Waste Utility Fund
Total Solid Waste Revenues 4,234,350 4,170,097
Total Solid Waste Expenses 4,065,052 4,281,322
Storm Water Utility Fund
Total Storm Water Revenues 3,251,676 3,478,527
Total Storm Water Expenses 3,622,383 3,972,077
Internal Service
Employee Benefits Fund
Total Employee Benefits Revenues 931,656 451,500
Total Employee Benefits Expenses 649,153 817,431
Uninsured Loss Fund
Total Uninsured Loss Revenues 66,250 70,000
Total Uninsured Loss Expenses 244,628 246,810
Special Revenue, Select Capital Project Funds,
Summary of Budgeted Revenues and Expenditures
Enterprise and Internal Service Funds
DocuSign Envelope ID: 2C9B6547-7D77-42E5-B7B1-26C1B4998BE9
Resolution No. 21-155 3
Be it further resolved, by the City Council of the City of St. Louis Park, that the following
sums of money be levied in 2021, collectible in 2022, upon the taxable property in said City of
St. Louis Park for the following purposes:
Reviewed for administration: Adopted by the city council December 13, 2021
Kim Keller, city manager Jake Spano, mayor
Attest:
Melissa Kennedy, city clerk
2022
Tax Capacity Based Levy Final Tax Levy
General Levy 30,532,470$
Debt Service 5,248,040
Capital Replacement Fund 1,575,240
Park Improvement Fund 860,000
Employee Benefits Fund 150,000
Total Tax Levies 38,365,750$
DocuSign Envelope ID: 2C9B6547-7D77-42E5-B7B1-26C1B4998BE9