HomeMy WebLinkAbout25-050 - ADMIN Resolution - City Council - 2025/04/21
Resolution No. 25-050
Amending the 2025 general fund and other 2025 budgets
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; and
Whereas, the city council of the City of St. Louis Park, Minnesota, has received a
report from the chief financial officer related to proposed capital spending for 2025 -
2034; and
Whereas, it is necessary for the city to maintain and replace its capital assets in
order to enhance the city’ s attractiveness to residents and businesses; and
Whereas, good planning is a necessary part of the stewardship that the city council
and staff exercise over the capital assets of the city; and
Whereas, occasionally technical errors and omissions without impact on operations or
financial health are identified and need to be corrected in the budget resolution,
Now therefore, be it resolved by the city council of the City of St. Louis Park, that
the 2025 General Fund Budget and 2025 Budgets are amended as follows:
General Fund Summary of Budgeted Revenues, Transfers In, & Use of Fund Balance
2025
Adopted
Budget
2025
Revised
Budget
Change
from
Revised
to
Adopted
General Fund Revenues
General Property Taxes $38,808,815 $38,808,815
-
Licenses and Permits 4,406,620 4,406,620
-
Intergovernmental 3,887,106 3,887,106
-
Charges for Services 2,674,025 2,674,025
-
Docusign Envelope ID: 3CFD916A-E6DA-42FD-9B21-E6E531577BF7
Miscellaneous Revenue 2,101,105 D 1,542,105
(559,000)
Investment Earnings 500,000 500,000
-
Transfers In 2,555,573 2,555,573
-
Use of Fund Balance 559,000 D 597,057
38,057
Total General Fund Revenues $55,492,244 $54,971,301
(520,943)
D - Use of fund balance was grouped additionally within Miscellaneous Revenue & Budget
Revenue table was not tied to Summary of Budgeted Expenditures, & Transfers Out table
Summary of Budgeted Expenditures, & Transfers Out
2025
Adopted
Budget
2025
Revised
Budget
Change
from
Revised to
Adopted
Admin, RE& I, Finance/ Assessing, HR,
Comm Dev, Facilities, Sustainability,
IT,
Communications $14,798,355 E $14,792,306
(6,049)
Police, Fire, Building 24,626,788 E 24,128,936
(497,852) Eng, Public Works, Org Rec, Rec
Center,
Park Maint, WWHC, Natural
Resources 15,546,158 E 15,000,022
(546,136) Transfers Out 1,050,037 1,050,037 -
$56,021,338 $54,971,301
(1,050,037)
E - Transfers out in the General Fund were originally included twice in table, at department level
and as the separate line-item Transfers Out
Docusign Envelope ID: 3CFD916A-E6DA-42FD-9B21-E6E531577BF7
Special Revenue, Select Capital Project Funds, Enterprise and Internal Service Funds
Summary of Budgeted Revenues, Expenditures, Other Financing Sources, & Use of Fund
Balance/Net Position
Special Revenue
2025
Adopted
Budget
2025
Revised
Budget
Change
from
Revised
to
Adopted Housing Rehabilitation Fund
Total Housing Rehab Revenues
747,050
-
(747,050)
Total Housing Rehab Expenditures
(810,419)
(53,000)
757,419
Total Housing Rehab Transfers In
-
B
747,050
747,050
Total Housing Rehab Transfers Out
-
C
(757,419)
(757,419) Total Housing Rehab Use of Fund
Balance
63,369
63,369
-
Total Housing Rehab Fund
-
-
-
B - Transfer approved with Resolution No. 24-164 was listed as revenue in
Revenue/Expenditure Table C - Transfer approved with Resolution No. 24-164 was listed as expenditure in
Revenue/Expenditure Table
CDBG Fund
Total CDBG Revenues
165,000
165,000
-
Total CDBG Expenditures
(165,000)
(165,000)
-
Total CDBG Fund
-
-
-
Cable TV Fund
Total Cable TV Revenues
616,397
616,397
-
Total Cable TV Expenditures
(635,367)
(626,305)
9,062
Total Cable TV Transfers Out
-
C
(9,062)
(9,062) Total Cable TV Use of Fund
Balance
18,970
18,970
-
Total Cable TV Fund
-
-
-
Docusign Envelope ID: 3CFD916A-E6DA-42FD-9B21-E6E531577BF7
C - Transfer approved with Resolution No. 24-164 was listed as expenditure in
Revenue/Expenditure Table
Climate Investment Fund
Total Climate Investment Fund Revenues
-
-
- Total Climate Investment Fund
Expenditures
(183,000)
(183,000)
- Total Climate Investment Fund Use of
Fund Balance
183,000
183,000
-
Total Climate Investment Fund
-
-
-
Affordable Housing Trust Fund Total Affordable Housing Trust Fund
Revenues
1,228,250
1,228,250
- Total Affordable Housing Trust Fund
Expenditures
(2,697,050)
(1,950,000)
747,050 Total Affordable Housing Trust Fund
Transfers Out
-
C
(747,050)
(747,050) Total Affordable Housing Trust Fund Use
of Fund Balance
1,468,800
1,468,800
- Total Affordable Housing Trust
Fund
-
-
-
C - Transfer approved with Resolution No. 24-164 was listed as expenditure in
Revenue/Expenditure Table
Capital Project Development Fund
Total Development Fund Revenues
4,646,969
4,646,969
- Total Development Fund
Expenditures
(4,817,871)
(4,817,871)
- Total Development Fund Transfers
Out
A
(36,717)
(36,717)
- Total Development Fund Use of Fund
Balance
207,619
207,619
-
Total Development Fund
-
-
-
A - Transfer approved with Resolution No. 24-164 was not included on
Revenue/Expenditure Table Franchise Fees (f.k.a Pavement Management Fund)
Total Franchise Fees Revenues
5,304,840
5,304,840
-
Total Franchise Fees Expenditures
(5,178,590)
(5,178,590)
- Total Franchise Fees Gain of Fund
Balance
(126,250)
(126,250)
-
Docusign Envelope ID: 3CFD916A-E6DA-42FD-9B21-E6E531577BF7
Total Franchise Fees Fund
-
-
-
Park Improvement Fund
Total Park Improvement Revenues
1,430,000
1,430,000
- Total Park Improvement
Expenditures
(1,630,000)
(1,630,000)
- Total Park Improvement Use of Fund
Balance
200,000
200,000
-
Total Park Improvement Fund
-
-
-
Special Revenue, Select Capital Project Funds, Enterprise and Internal Service Funds
Summary of Budgeted Revenues, Expenditures, Other Financing Sources, & Use of Fund
Balance/Net Position
(Continued)
2025 Adopted
Budget
2025 Revised
Budget Enterprise Water Utility Fund
Total Water Revenues
10,153,437
10,153,437
-
Total Water Expenses
(11,292,154)
(11,292,154)
-
Total Water Transfers Out
A
(872,563)
(872,563)
-
Total Water Use of Net Position
2,011,280
2,011,280
-
Total Water Utility Fund
-
-
-
A - Transfer approved with Resolution No. 24-164 was not included on
Revenue/Expenditure Table
Sewer Utility Fund
Total Sewer Revenues
10,250,790
10,250,790
-
Total Sewer Expenses
(9,518,407)
(9,518,407)
-
Total Sewer Transfers Out
A
(1,175,839)
(1,175,839)
-
Total Sewer Use of Net Position
443,456
443,456
-
Total Sewer Utility Fund
-
-
-
Docusign Envelope ID: 3CFD916A-E6DA-42FD-9B21-E6E531577BF7
A - Transfer approved with Resolution No. 24-164 was not included on
Revenue/Expenditure Table
Solid Waste Utility Fund
Total Solid Waste Revenues
7,330,565
7,330,565
-
Total Solid Waste Expenses
(6,884,779)
(6,884,779)
-
Total Solid Waste Transfers Out
A
(309,866)
(309,866)
- Total Solid Waste Gain of Net
Position
(135,920)
(135,920)
-
Total Solid Waste Utility Fund
-
-
-
A - Transfer approved with Resolution No. 24-164 was not included on
Revenue/Expenditure Table
Storm Water Utility Fund
Total Storm Water Revenues
4,543,582
4,543,582
-
Total Storm Water Expenses
(4,998,336)
(4,998,336)
-
Total Storm Water Transfers Out
A
(435,343)
(435,343)
- Total Storm Water Use of Net
Position
890,097
890,097
-
Total Storm Water Utility Fund
-
-
-
A - Transfer approved with Resolution No. 24-164 was not included on
Revenue/Expenditure Table
Reviewed for administration: Adopted by the city council April 21, 2025:
Kim Keller, city manager Nadia Mohamed, mayor
Attest:
Melissa Kennedy, city clerk
Docusign Envelope ID: 3CFD916A-E6DA-42FD-9B21-E6E531577BF7