HomeMy WebLinkAboutResolution No. 2007-253RESOLUTION 2007-253
RESOLUTION ADOPTING A BUDGET FOR THE YEAR 2008, SETTING THE CITY LEVY, AND
APPROVING THE HRA LEVY.
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 9,220,448
Community Development Fund 597,133
Economic Development Fund 274,863
State Aid 148,949
Cable Television 132,182
Library 738,346
DARE Project 5,375
Infrastructure 113,792
Capital Improvement 27,345,000
Capital Equipment Replacement Funds 461,815
Construction Funds 1,054,300
Central Garage Fund 579,273
Liquor Operating 7,930,664
Liquor Capital/Non-Operating 319,042
Water Utility Fund 2,209,771
Sewer Utility Fund 1,660,244
Refuse Fund 1,399,336
Storm Sewer Fund 387,556
Data Processing 268,532
Debt Service Fund 2,859,426
Total Expense Including Interfund Transfers 57,706,047
Section B. The estimated gross revenue to fund the expense 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 9,220,448
Community Development Fund 597,133
Economic Development Fund 274,863
State Aid 148,949
Cable Television 132,182
Library 738, 346
DARE Project 5,375
Infrastructure 113,792
Capital Improvements 27,345,000
Capital Equipment Replacement Funds 461,815
Construction Funds 1,054,300
Central Garage Fund 579,273
Liquor Operating 7,930,664
Liquor Capital/Non-Operating 319,042
Water Utility Fund 2,209,771
Sewer Utility Fund 1,660,244
Refuse Fund 1,399,336
Storm Sewer Fund 387,556
Data Processing 268,532
Debt Service Fund 2,859,426
Total Revenue Including Interfund Transfers ~ 57,706,047
RESOLUTION 2007-253
RESOLUTION ADOPTING A BUDGET FOR THE YEAR 2008, SETTING THE CITY LEVY, AND
APPROVING THE HRA LEVY.
Section C. The following sums of money are levied for the current year, collectable in 2008, upon the taxable
property in said City of Columbia Heights, for the following purposes:
Estimated General Fund Levy 6,286,574
Estimated Library Levy 551.,699
Estimated EDA Fund Levy 78,622
Total 6,916,895
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 this 10th day of December 2007
Offered By: Williams
Seconded By: Diehm
Roll Call: Ayes: Peterson, Williams, Diehm, Kelzenb
Nays: Nawrocki
atricia Muscovitz, CMC
City Clerk