HomeMy WebLinkAboutResolution No. 2007-158RESOLUTION 2007-158
RESOLUTION ADOPTING A PROPOSED BUDGET FOR THE YEAR 2008, SETTING THE PROPOSED CITY
LEVY, APPROVING THE HRA LEVY, IMPROVING A TAX RATE INCREASE, AND ESTABLISHING A BUDGET
HEARING DATE FOR PROPERTY TAXES PAYABLE IN 2008.
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL FOR THE CITY OF COLUMBIA HEIGHTS,
MINNESOTA: that the following is hereby adopted by the City of Columbia Heights.
Section A. The budget for the City of Columbia Heights for the year 2008 is hereby approved and adopted with
appropriations for each of the funds listed below.
Expense
General Fund 9,208,957
Community Development Fund 597,133
Economic Development Fund 274,863
State Aid 148,949
Cable Television 123,333
Library 719,156
DARE Project 5,375
Infrastructure 113,792
Capital Improvement 345,000
Capital Equipment Replacement Funds 461,815
Construction Funds 1,054,300
Central Garage Fund 579,273
Liquor Operating 7,901,783
Liquor Capital/Non-Operating 319,042
Water Utility Fund 2,209,771
Sewer Utility Fund 1,660,244
Refuse Fund 1,399,299
Storm Sewer Fund 387,556
Data Processing 268,532
Debt Service Fund 2,470,750
Total Expense Including Interfund Transfers 30,248,923
Section B. The estimated gross revenue to fund the budget of the City of Columbia Heights for all funds, including
general ad valorem tax levies and use of fund balances, as hereinafter set forth for the year 2008:
Revenue
General Fund 9,208,957
Community Development Fund 597,133
Economic Development Fund 274,863
State Aid 148,949
Cable Television 123,333
Library 719,156
DARE Project 5,375
Infrastructure 113,792
Capital Improvements 345,000
Capital Equipment Replacement Funds 461,815
Construction Funds 1,054,300
Central Garage Fund 579,273
Liquor Operating 7,901,783
Liquor Capital/Non-Operating 319,042
Water Utility Fund 2,209,771
Sewer Utility Fund 1,660,244
Refuse Fund 1,399,299
Storm Sewer Fund 387,556
Data Processing 268,532
Debt Service Fund 2,470,750
Total Revenue Including Interfund Transfers 30,248,923
RESOLUTION 2007-158
RESOLUTION ADOPTING A PROPOSED BUDGET FOR THE YEAR 2008, SETTING THE PROPOSED CITY
LEVY, APPROVING THE HRA LEVY, IMPROVING A TAX RATE INCREASE, AND ESTABLISHING A BUDGET
HEARING DATE FOR PROPERTY TAXES PAYABLE IN 2008.
Section C. The following sums of money are levied for the current year, collectable in 2009, upon the taxable
property in said City of Columbia Heights, for the following purposes:
Estimated General Fund Levy 6,305,764
Estimated Library Levy 532,509
Estimated EDA Fund Levy 78,622
Total 6,916,895
Section D. The City Council of the City of Columbia Heights hereby approves the Housing and
Redevelopment Authority Tax Levy for the fiscal year 2008 in the amount of $196,241.
BE IT FURTHER RESOLVED BY THE COUNCIL OF THE CITY OF COLUMBIA HEIGHTS, COUNTY OF
ANOKA, MINNESOTA: That the county auditor is authorized to fix a property tax rate for taxes payable in the
year 2008 that is higher than the tax rate calculated for the city for taxes levied in 2006, collectable in 2007.
BE IT FURTHER RESOLVED :That the City has adequate fund balances and reserves to pay 2008 Bond
principal and interest payments on General Obligation Bond Series 2003A and General Obligation Bond Series
2006A and that the county auditor is authorized to cancel these Bond Levies for taxes payable in 2008.
BE IT FURTHER RESOLVED: That the City shall levy a General Obligation Bond Series 2007A in the amount
of $128,475.17 and that the county auditor is authorized to collect these Bond Levies for taxes payable in 2008.
The City Clerk is hereby instructed to transmit a certified copy of this resolution to the County Auditor of Anoka
County, Minnesota.
Approved this10th day of September 2007
Offered By: Williams
Seconded By: Kelzenberg
Roll Call: Ayes: Peterson,
Nays: Nawrock
Patricia Muscovitz, CMC, Cit erk,
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Williams, Diehm, Kelzenberg
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yor Gary L. P terson