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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