Loading...
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