HomeMy WebLinkAboutResolution No. 2011-149 RESOLUTION 2011 -149
RESOLUTION ADOPTING A BUDGET FOR THE YEAR 2012, 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 2012 is hereby approved and adopted with appropriations
for each of the funds listed below.
Expense
General Fund 10,428,709
Community Development Fund 229,741
Economic Development Fund 340,154
State Aid 164,093
Cable Television 103,815
Library 798,375
Infrastructure 160,797
Capital Improvement 395,505
Capital Equipment Replacement Funds 418,021
Construction Funds 1,707,400
Central Garage Fund 676,232
Liquor Operating 8,450,146
Liquor Capital /Non - Operating 682,667
Water Utility Fund 2,645,181
Sewer Utility Fund 1,915,831
Refuse Fund 1,687,643
Storm Sewer Fund 375,076
Data Processing 331,825
Debt Service Fund 2,657,323
Total Expense Including Interfund Transfers 34,168,534
Section B. The estimated gross revenue to fund the budget of the City of Columbia Heights for all funds, including general
advalorem tax levies and use of fund balances, as hereinafter set forth for the year 2012
Revenue
General Fund 10,428,709
Community Development Fund 229,741
Economic Development Fund 340,154
State Aid 164,093
Cable Television 103,815
Library 798,375
Infrastructure 160,797
Capital Improvements 395,505
Capital Equipment Replacement Funds 418,021
Construction Funds 1,707,400
Central Garage Fund 676,232
Liquor Operating 8,450,146
Liquor Capital /Non - Operating 682,667
Water Utility Fund 2,645,181
Sewer Utility Fund 1,915,831
Refuse Fund 1,687,643
Storm Sewer Fund 375,076
Data Processing 331,825
Debt Service Fund 2,657,323
Total Revenue Including Interfund Transfers 34,168,534
RESOLUTION 2011 -149
RESOLUTION ADOPTING A BUDGET FOR THE YEAR 2012, SETTING THE CITY LEVY, AND APPROVING THE HRA
LEVY.
Section C. The following sums of money are levied for the current year, collectable in 2012 upon the taxable property in
said City of Columbia Heights, for the following purposes:
Estimated General Fund Levy 7,590,129
Estimated Library Levy 765,195
Estimated EDA Fund Levy 84,811
Total 8,440,135
Section D. The City Council of the City of Columbia Heights hereby approves the Housing and Redevelopment
Authority Tax Levy for the fiscal year 2012 in the amount of $ 218,343.
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 2012 that is higher than
the tax rate calculated for the City for taxes levied in 2010 collectable in 2011.
BE IT FURTHER RESOLVED : That the City has adequate fund balances and reserves to pay bond principal and interest
payments on General Obligation Bond Series 2003A in the amount of $44,200 and General Obligation Bond Series
2006A in the amount of $102,990, and that the County Auditor is authorized to cancel the related Bond Levies in their
entirety for taxes payable in 2012.
BE IT FURTHER RESOLVED: That the City has adequate fund balances and reserves to pay bond principal and interest
payments on General Obligation Bond Series 2008B in the amount of $225,000 and that the County Auditor is
authorized to cancel $225,000 of the related Bond Levy for taxes payable in 2012, leaving a balance of $435,300 to be
levied for taxes payable in 2012 for Series 2008B.
BE IT FURTHER RESOLVED: That the City has adequate fund balances and reserves to pay bond principal and interest
payments on General Obligation Bond Series 2009A in the amount of $103,973, and that the County Auditor is
authorized to cancel $103,973 of the related Bond Levy for taxes payable in 2012, leaving a balance of $126,274 to be
levied for taxes payable in 2012 for Series 2009A.
BE IT FURTHER RESOLVED: That the City Council is committed to the long range financial planning concept
of the five year budget plan.
The City Clerk is hereby instructed to transmit a certified copy of this resolution to the County Auditor of Anoka County,
Minnesota.
Approved this 12th day of December 2011
Offered By: Schmitt
Seconded By: Williams
Roll Call: Ayes: Peterson, Williams, Diehm, Schmitt (
Nays: Nawrocki
Ma • Vary L. Peterson
atricia Muscovitz, 5.tv1C ( J
City Clerk