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