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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