HomeMy WebLinkAbout17-144 - ADMIN Resolution - City Council - 2017/09/18RESOLUTION NO. 17-144
RESOLUTION APPROVING 2018 PRELIMINARY GENERAL FUND BUDGET, 2018
PRELIMINARY PROPERTY TAX LEVY, AND SETTING PUBLIC HEARING DATE
FOR THE 2018 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 2018 Budget shall be as follows:
General Fund Revenues:
Property Taxes
Licenses and Permit
Fines and Forfeits
Intergovernmental
Charges for Services
Miscellaneous
Transfers In
Interest on Investments
Total General Fund Revenues
Expenditures:
Personnel
Supplies
Services and Other Charges
Non -Departmental
Total General Fund Expenditures
2018
Preliminary
$25,644,220
3,924,648
269,200
1,825,223
2,186,185
1,515,047
1,929,090
160,000
$37,453,613
$ 29,219,077
1,798,014
6,071,830
364,692
$37,453,613
BE IT FURTHER RESOLVED that the Truth in Taxation Public Hearing will be held
on December 4, 2017; 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 2018
upon the taxable property in said City of St. Louis Park for the following purposes:
Resolution No. 17-144
TAX CAPACITY BASED TAX LEVY
General Fund
Debt Service
Capital Replacement Fund
Park Improvement Fund
Council Programs
Employee Administration Fund
Housing Rehabilitation Fund
TOTAL TAX LEVIES
2018
Preliminary
Levy
$25,644,220
3,164,782
1,767,700
810,000
198,000
200,000
100,000
$31,884,702
BE IT FURTHER RESOLVED that the Chief Financial Officer is hereby authorized and
1 to transmit this information to the County Auditor of Hennepin County, Minnesota and
�esota Department of Revenue, if applicable, in the format requested as required by law.
for
Attest:
City Manager
Meli sa Ke edy, Cify Clerk
Adopted by the City Council September 18, 2017