HomeMy WebLinkAbout22-197 - ADMIN Resolution - City Council - 2022/12/19Resolution No. 22-197
Resolution adopting the 2023 general fund budget, other 2023 budgets and
authorizing the 2023 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 2023 debt levy is reduced from
$6,403,543 to $6,362,813;
Now therefore, be it resolved, by the City Council of the City of St. Louis Park, that the
2023 General Fund Budget and 2023 Budgets are adopted as presented; and
2022 2023
Adopted Proposed $%
General Fund Revenues:
General Property Taxes 30,532,470$ 32,041,296$ 1,508,826$ 5%
Licenses and Permits 4,750,604 5,000,977 250,373 5%
Fines & Forfeits 231,000 181,000 (50,000) -22%
Intergovernmental 1,748,770 2,129,139 380,369 22%
Charges for Services 2,284,483 2,586,338 301,855 13%
Miscellaneous Revenue 1,589,934 1,642,357 52,423 3%
Transfers In 2,198,477 2,865,766 667,289 30%
Investment Earnings 200,000 320,821 120,821 60%
Other Income 526,829 502,050 (24,779) -5%
Use of Fund Balance 250,000 - (250,000) 0%
Total General Fund Revenues 44,312,567$ 47,269,744$ 2,957,177$ 6.7%
Summary of Budgeted Revenues
Difference
2022 Adopted 2023 Proposed
Budget Budget
General Fund Expenditures:
General Government 11,200,857$ 11,193,645$ (7,212)$ -0.1%
Public Safety 19,923,339 21,793,443 1,870,104 9.4%
Operations & Recreation 13,188,371 14,282,656 1,094,285 8.3%
Non-Departmental - - -
Total General Fund Expenditures 44,312,567$ 47,269,744$ 2,957,177$ 6.7%
Summary of Budgeted Expenditures
DocuSign Envelope ID: FA77D9DC-9D69-4BC3-8418-979F09A32ED5
Resolution No. 22-197 2
2022 2023
Adopted Final Proposed
Special Revenue
Housing Rehabilitation Fund
Total Housing Rehab Revenues 1,339,955$ 2,052,088$
Total Housing Rehab Expenditures 1,746,923 2,336,522
CDBG Fund
Total CDBG Revenues 165,000 165,000
Total CDBG Expenditures 165,000 165,000
Cable TV Fund
Total Cable TV Revenues 759,500 759,500
Total Cable TV Expenditures 664,902 696,273
Climate Investment Fund
Total Climate Investment Fund Revenues 300,000 100
Total Climate Investment Fund Expenditures 391,000 183,100
Affordable Housing Trust Fund
Total Affordable Housing Trust Fund Revenues 1,532,799 1,597,696
Total Affordable Housing Trust Fund Expenditures 2,047,133 2,369,064
Capital Project
Development Fund
Total Development Fund Revenues 10,593,960 5,172,846
Total Development Fund Expenditures 5,675,476 5,127,282
Pavement Management Fund
Total Pavement Management Revenues 4,835,250 4,880,205
Total Pavement Management Expenditures 3,955,150 5,002,290
Park Improvement Fund
Total Park Improvement Revenues 1,533,219 2,079,496
Total Park Improvement Expenditures 2,324,786 2,266,628
Enterprise
Water Utility Fund
Total Water Revenues 8,390,627 9,613,660
Total Water Expenses 7,925,491 8,569,794
Sewer Utility Fund
Total Sewer Revenues 8,493,920 8,792,833
Total Sewer Expenses 9,631,024 8,292,475
Solid Waste Utility Fund
Total Solid Waste Revenues 4,170,097 4,170,097
Total Solid Waste Expenses 4,281,322 4,281,322
Storm Water Utility Fund
Total Storm Water Revenues 3,478,527 3,724,098
Total Storm Water Expenses 3,972,077 4,111,493
Internal Service
Employee Benefits Fund
Total Employee Benefits Revenues 451,500 538,000
Total Employee Benefits Expenses 817,431 810,717
Uninsured Loss Fund
Total Uninsured Loss Revenues 70,000 70,000
Total Uninsured Loss Expenses 246,810 248,499
Building Capital Replacement Fund
Total Building Capital Replacement Revenues 250,000 896,142
Total Building Capital Replacement Expenditures 729,700 896,142
Vehicle & Equip Capital Replacement Fund
Total Vehicle & Equip Capital Replacement Revenues 1,588,647 1,619,013
Total Vehicle & Equip Capital Replacement Expenditures 1,937,605 1,972,675
IT Capital Replacement Fund
Total IT Capital Replacement Revenues 2,060,871 1,596,140
Total IT Capital Replacement Expenditures 2,049,286 2,341,820
Special Revenue, Select Capital Project Funds,
Summary of Budgeted Revenues and Expenditures
Enterprise and Internal Service Funds
DocuSign Envelope ID: FA77D9DC-9D69-4BC3-8418-979F09A32ED5
Resolution No. 22-197 3
Be it further resolved, that the total final levy incorporates revisions to the scheduled levies
for the following bond issues that are hereby cancelled and levied at a reduced amount due to
sufficient funds on hand to pay the required debt service in 2023:
Be it further resolved, by the City Council of the City of St. Louis Park, that the following
sums of money be levied in 2022, collectible in 2023, upon the taxable property in said City of
St. Louis Park for the following purposes:
Reviewed for Administration: Adopted by the City Council December 19, 2022
Kim Keller, city manager Jake Spano, mayor
Attest:
Melissa Kennedy, city clerk
Debt Levy Scheduled Levy
Final Proposed
Levy
GO Series 2014A 590,730 552,627
GO Series 2016A 1,230,889 1,231,322
2023
Tax Capacity Based Levy Final Tax Levy (Proposed)
General Levy 32,041,296$
Debt Service 6,362,813
Capital Replacement Funds 1,646,142
Park Improvement Fund 860,000
Employee Benefits Fund 150,000
Total Tax Levies 41,060,251$
DocuSign Envelope ID: FA77D9DC-9D69-4BC3-8418-979F09A32ED5