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HomeMy WebLinkAbout2015-59RESOLUTION 2015 -59 ADOPTING A PROPOSED BUDGET FOR THE YEAR 2016, SETTING THE PROPOSED CITY LEVY, APPROVING THE HRA LEVY, APPROVING A TAX RATE INCREASE, AND ESTABLISHING A BUDGET HEARING DATE FOR PROPERTY TAXES PAYABLE IN 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 2016 is hereby approved and adopted with 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 2016. Expense Governmental Funds Governmental Funds 11,292,117 Planning & Inspections 296,498 General Fund 11,336,117 Cable Television 253,500 Planning & Inspections 296,498 After School Programs - Economic Development Authority Admin. 301,193 Public Safety - Other 169,412 Cable Television 141,522 Debt Service Funds 11828,947 Library 856,431 Water Fund 3,210,400 After School Programs 44,000 Refuse Fund 1,928,500 Special Project Fund 25,000 Liquor Fund 9,473,050 Public Safety - Other 169,412 Building Maintenance 163,500 Capital Project Funds 3,350,933 Use of Fund Balance 169,099 Debt Service Funds 11755,169 Proprietary Funds Capital Assets Bond Principal Water Fund 3,073,042 935,290 241,028 Sewer Fund 21352,584 82,290 35,000 Refuse Fund 1,981,991 0 0 Storm Sewer Fund 781,625 933,000 120,256 Liquor Fund 9,264,061 0 180,000 Central Garage 715,088 0 0 Building Maintenance 163,432 0 0 Information Systems 372,452 0 0 Total Including Interfund Transfers 36,980,550 1,950,580 576,284 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 2016. Revenue Governmental Funds General Fund 11,292,117 Planning & Inspections 296,498 Economic Development Authority Admin. 300,027 Cable Television 253,500 Library 856,431 After School Programs - Special Project Funds 25,000 Public Safety - Other 169,412 Capital Project Funds 3,411,599 Debt Service Funds 11828,947 Proprietary Funds Water Fund 3,210,400 Sewer Fund 1,849,500 Refuse Fund 1,928,500 Storm Sewer Fund 709,600 Liquor Fund 9,473,050 Central Garage 708,370 Building Maintenance 163,500 Information Systems 335,000 Use of Fund Balance 169,099 Total Including interfund Transfers 36,980,550 Section C. The following sums of money are levied for the current year, collectable in 2016 upon the taxable property in said City of Columbia Heights, for the following purposes: Estimated General Fund Levy 8,964,101 Estimated Library Levy 824,499 Estimated EDA Fund Levy 84,000 Total 9,872,600 Section D. The City Council of the City of Columbia Heights hereby approves the Housing and Redevelopment Authority Tax Levy for the fiscal year 2016 in the amount of $202,364. BE IT FURTHER RESOLVED: That the public budget hearing is scheduled for December 14, 2015 at approximately 7:00 p.m. in the City Council Chambers. BE IT FURTHER RESOLVED: That the County Auditor is authorized to fix a property tax rate for taxes payable in the year 2016 that is higher than the tax rate calculated for the City for taxes levied in 2014 collectable in 2015. BE IT FURTHER RESOLVED: That the City, pursuant to Resolution 2015 -07, has previously called and redeemed all bond principal and interest payments on General Obligation Bond Series 2007A applicable for taxes payable in 2016 in the amount of $137,255 and that the County Auditor is authorized to cancel the related Bond Levy in its entirety for taxes payable 2016. 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 $324,945 and that the County Auditor is authorized to cancel $324,945 of the related Bond Levy for taxes payable in 2016, leaving a balance of $332,825 to be levied for taxes payable in 2016 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 $4,091 and that the County Auditor is authorized to cancel $4,091 of the related Bond Levy for taxes payable in 2016, leaving a balance of $223,872 to be levied for taxes payable in 2016 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 $104,787 and that the County Auditor is authorized to cancel the related Bond Levy in its entirety for taxes payable 2016. 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 2015A in the amount of $5,454 and that the County Auditor is authorized to cancel $5,454 of the related Bond Levy for taxes payable in 2016, leaving a balance of $480,000 to be levied for taxes payable in 2016 for Series 2015A. 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 14th day of September, 2015 Offered By: Williams Seconded By: Schmitt Roll Call: 4 Ayes, 1 Nay Motion Carrried Nays: Nawrocki l � h Katie Bruno City Clerk /Council Secretary Ayes: Peterson, Williams, mitt, Mur n, Jr. Maloa ry L . Pet son