HomeMy WebLinkAbout2016-132RESOLUTION 2016 -132
ADOPTING A BUDGET FOR THE YEAR 2017, SETTING THE CITY LEVY, AND APPROVING THE HRA LEVY, AND
APPROVING A TAX RATE INCREASE.
Now, therefore, in accordance with all ordinances and regulations of the City of Columbia Heights, the City
Council of the City of Columbia Heights makes the following:
ORDER OF COUNCIL
Section A. The budget for the City of Columbia Heights for the year 2017 is hereby approved and adopted with
appropriations for each of the funds listed below. The estimated gross revenues to fund the budget for the
year 2017, including general ad valorum tax levies and use of fund balances, are also as listed below.
Section B. The following sums of money are levied for the current year, collectable in 2017 upon the taxable
property in said City of Columbia Heights, for the following purposes:
Estimated General Fund Levy 8,925,000
Estimated Library Levy 845,111
Estimated EDA Fund Levy 84,000
Total 9,854,111
Revenue
Expense
Governmental Funds
General Fund
11,304,877
11,409,877
Planning &Inspections
435,675
440,675
Econ Dev Authority Admi n
297,018
302,018
Ca bl e Televi sion
227,400
143,459
Li bra ry
878,079
878,079
After School Programs
22,000
44,000
Special Project Fund
25,000
25,000
Publ is Safety - Other
111,955
111,955
Capital Project Funds
1,745,005
2,262,519
Debt Service Funds
2,038,123
2,015,700
Proprietary Funds
Capital Assets
Bond Principal
Water Fund
3,250,800
2,798,419
325,000
185,800
Sewer Fund
2,236,750
2,630,788
-
35,000
Refuse Fund
1,993,750
2,050,851
-
-
Storm Sewer Fund
912,600
687,738
385,000
111,600
Liquor Fund
8,964,700
8,884,000
-
195,000
Central Garage
692,915
758,959
-
-
Building Maintenance
206,500
196,831
-
-
Information Systems
335,000
381,761
-
Use of Fund Balance
344,482
-
-
-
Total Including Interfund Transfers
36,022,629
36,022,629
710,000
527,400
Section B. The following sums of money are levied for the current year, collectable in 2017 upon the taxable
property in said City of Columbia Heights, for the following purposes:
Estimated General Fund Levy 8,925,000
Estimated Library Levy 845,111
Estimated EDA Fund Levy 84,000
Total 9,854,111
Section C. The City Council of the City of Columbia Heights hereby approves the Housing and Redevelopment
Authority Tax Levy for the fiscal year 2017 in the amount of $209,468.
BE IT FURTHER RESOLVED: That the County Auditor is authorized to fix a property tax rate for taxes payable in
the year 2017 that is higher than the tax rate calculated for the City for taxes levied in 2015 collectable in 2016.
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 2017 in the amount of $136,992 and that the County Auditor is authorized to cancel the related Bond Levy in
its entirety for taxes payable 2017.
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 $430,000 and that the County
Auditor is authorized to cancel $430,000 of the related Bond Levy for taxes payable in 2017, leaving a balance
of $227,434 to be levied for taxes payable in 2017 for Series 20088.
BE IT FURTHER RESOLVED: That the City, pursuant to Resolution 2009 -74, has previously certified to the County
Auditor an initial debt levy schedule for all years applicable to the General Obligation Bond Series 2009A and
that the City hereby confirms the amount of $234,289 to be levied for taxes payable in 2017, as listed therein
for the 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 2015A in the amount of $2,436 and that the County
Auditor is authorized to cancel $2,436 of the related Bond Levy for taxes payable in 2017, leaving a balance of
$480,000 to be levied for taxes payable in 2017 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 12th day of December, 2016
Offered By: Peterson
Seconded By: Williams
Roll Call: All Ayes
Mayor Gary L. Peterson
Katie Bruno
City Clerk /Council Secretary