HomeMy WebLinkAbout16-114 - ADMIN Resolution - City Council - 2016/09/19RESOLUTION NO. 16-114
RESOLUTION APPROVING 2017 PRELIMINARY GENERAL FUND BUDGET, 2017
PRELIMINARY PROPERTY TAX LEVY, AND SETTING PUBLIC HEARING DATE
FOR THE 2017 BUDGET AND 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 require approval of a preliminary property tax levy and a
preliminary budget on or before September 30th of each year; and
WHEREAS, the City Council has received the proposed budget document;
NOW THEREFORE BE IT RESOLVED by the City Council of the City of St. Louis
Park, that the Preliminary 2017 Budget shall be as follows:
2017
Preliminary
General Fund Revenues:
Property Taxes
$25,013,119
Licenses and Permit
3,745,736
Fines and Forfeits
254,200
Intergovernmental
1,501,669
Charges for Services
2,031,444
Miscellaneous
1,363,406
Transfers In
1,899,927
Interest on Investments
140,000
Total General Fund Revenues
$35,949,501
Expenditures:
Personnel $ 27,763,651
Supplies 1,991,894
Services and Other Charges 5,742,211
Non -Departmental 451,745
Total General Fund Expenditures $35,949,501
BE IT FURTHER RESOLVED that the "Truth in Taxation Public Hearing will be held
on December 5, 2016; and
BE IT FURTHER RESOLVED that the City Council of the City of St. Louis Park,
Hennepin County, Minnesota, that the following sums of money be levied for collection in 2017
upon the taxable property in said City of St. Louis Park for the following purposes:
Resolution No. 16-114 -2-
And
BE IT FURTHER RESOLVED that the Controller is hereby authorized and directed to
this information to the County Auditor of Hennepin County, Minnesota and the Minnesota
i\e t Rf revenue, if applicable, in the format requested as required by law.
by the City Council September 19, 2016
City Manager
Attest:
Melissa Kennedy, City Clerk
2017
Preliminary
TAX CAPACITY BASED TAX LEVY
Lev -v
General Fund
$25,013,119
Debt Service - Current
2,139,937
Debt Service - Future
300,000
Capital Replacement Fund
1,767,700
Park Improvement Fund
810,000
Council Programs
134,000
Employee Administration Fund
200,000
Housing Rehabilitation Fund
100,000
TOTAL TAX LEVIES
$30,464,756
BE IT FURTHER RESOLVED that the Controller is hereby authorized and directed to
this information to the County Auditor of Hennepin County, Minnesota and the Minnesota
i\e t Rf revenue, if applicable, in the format requested as required by law.
by the City Council September 19, 2016
City Manager
Attest:
Melissa Kennedy, City Clerk