HomeMy WebLinkAboutResolution No. 2014-91RESOLUTION 2014 -91
RESOLUTION ADOPTING A BUDGET FOR THE YEAR 2015, 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 2015 is hereby approved and adopted with
appropriations for each of the funds listed below.
Section B. The estimated gross revenues to fund the budget of the City of Columbia Heights for all funds, including
general ad valorum tax levies and use of fund balances, as hereinafter set forth for the year 2015.
Expense
Governmental Funds
Governmental Funds
11,718,147
Community Development Fund
206,200
General Fund
11,631,398
Cable Television
188,000
Community Development Fund
272,743
Capital Project Funds
1,158,811
Economic Development Authority Admin.
230,775
Proprietary Funds
Cable Television
106,455
Sewer Fund
1,960,116
Library
833,971
Storm Sewer Fund
685,467
Capital Project Funds
2,143,020
Central Garage
696,650
Debt Service Funds
1,543,165
Information Systems
338,000
Proprietary Funds
742,345
Capital Assets
Bond Principal
Water Fund
2,843,661
895,000
241,028
Sewer Fund
2,470,358
360,000
35,000
Refuse Fund
1,926,735
0
0
Storm Sewer Fund
646,475
940,000
120,256
Liquor Fund
9,545,338
0
180,000
Central Garage
713,505
0
0
Building Maintenance
151,224
0
0
Information Systems
372,982
340,000
0
Total Including Interfund Transfers
35,431,805
2,535,000
576,284
Section B. The estimated gross revenues to fund the budget of the City of Columbia Heights for all funds, including
general ad valorum tax levies and use of fund balances, as hereinafter set forth for the year 2015.
Revenue
Governmental Funds
General Fund
11,718,147
Community Development Fund
206,200
Economic Development Authority Admin.
260,578
Cable Television
188,000
Library
833,971
Capital Project Funds
1,158,811
Debt Service Funds
1,600,254
Proprietary Funds
Water Fund
3,177,401
Sewer Fund
1,960,116
Refuse Fund
1,914,065
Storm Sewer Fund
685,467
Liquor Fund
9,804,400
Central Garage
696,650
Building Maintenance
147,400
Information Systems
338,000
Use of Fund Balance
742,345
Total Including Interfund Transfers
35,431,805
Section C. The following sums of money are levied for the current year, collectable in 2015 upon the taxable property in said
City of Columbia Heights, for the following purposes:
Estimated General Fund Levy 8,673,000
Estimated Library Levy 804,389
Estimated EDA Fund Levy 84,000
Total 9,561,389
Section D. The City Council of the City of Columbia Heights hereby approves the Housing and Redevelopment Authority Tax
Levy for the fiscal year 2015 in the amount of $176,578.
BE IT FURTHER RESOLVED: That the County Auditor is authorized to fix a property tax rate for taxes payable in the year 2015
that is higher than the tax rate calculated for the City for taxes levied in 2013 collectable in 2014.
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 2007A in the amount of $10,000 and that the County Auditor is authorized to
cancel $10,000 of the related Bond Levy for taxes payable in 2015, leaving a balance of $121,663 to be levied for taxes
payable in 2015 for Series 2007A.
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 20088 in the amount of $340,046 and that the County Auditor is authorized to
cancel $340,046 of the related Bond Levy for taxes payable in 2015, leaving a balance of $317,608 to be levied for taxes
payable in 2015 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 $3,955 and that the County Auditor is authorized to
cancel $3,955 of the related Bond Levy for taxes payable in 2015, leaving a balance of $233,046 to be levied for taxes payable
in 2015 for Series 2009A.
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 2013A in the amount of $95,220 and that the County Auditor is authorized to
cancel the related Bond Levy in its entirety for taxes payable 2015.
The Finance Director /Treasurer is hereby instructed to transmit a certified copy of this resolution to the County Auditor of
Anoka County, Minnesota.
Approved this 8th day of December 2014.
Offered By:
Seconded By:
Roll Call:
Williams
Schmitt
Ayes: Williams, Schmitt, Diehm, Petersc^
Nays: Nawrocki
Katie Bruno
City Clerk /Council Secretary