HomeMy WebLinkAbout2017-130RESOLUTION 2017 -130
ADOPTING A BUDGET FOR THE YEAR 2018, SETTING THE CITY LEVY, 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 2018 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
2018, including general ad valorem 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 2018 upon the taxable
property in said City of Columbia Heights, for the following purposes:
Estimated General Fund Levy
Estimated Library Levy
Estimated EDA Fund Levy
Total
9,481,000
919,244
220,100
10,620,344
Revenue
Expense
Governmental Funds
General Fund
11,904,000
13,544,438
PI a nni ng & Inspections
469,682
469,682
Econ Dev Authority Admin
448,242
448,242
Ca bl e Tel evi s i on
227,400
190,331
Libra ry
952,644
952,644
After School Programs
22,000
43,562
Special Project Fund
25,000
95,000
Public Safety - Other
-
-
Capital Project Funds
2,932,500
1,720,659
Debt Service Funds
1,833,520
2,428,120
Debt Principal
Proprietary Funds
Capital Assets
Paid (Advanced)
Water Fund
3,309,564
2,868,462
87,500
(70,000)
Sewer Fund
2,063,310
2,247,539
27,500
(196,712)
Refuse Fund
2,067,228
2,195,880
-
Storm Sewer Fund
493,375
606,084
(76,288)
Liquor Fund
8,943,200
8,803,000
-
185,000
Central Garage
686,885
723,060
45,500
-
Building Maintenance
205,500
205,448
-
-
Information Systems
337,000
387,575
-
Use of Fund Balance
1,008,676
-
60,000
Total Including Interfund Transfers
37,929,726
37,929,726
220,500
(158,000)
Section B. The following sums of money are levied for the current year, collectable in 2018 upon the taxable
property in said City of Columbia Heights, for the following purposes:
Estimated General Fund Levy
Estimated Library Levy
Estimated EDA Fund Levy
Total
9,481,000
919,244
220,100
10,620,344
City of Columbia Heights - Council Resolution 2017 -130 Page 2
Section C. The City Council of the City of Columbia Heights hereby approves the Housing and Redevelopment
Authority Tax Levy for the fiscal year 2018 in the amount of $224,592.
BE IT FURTHER RESOLVED: That the County Auditor is authorized to fix a property tax rate for taxes payable in the
year 2018 that is higher than the tax rate calculated for the City for taxes levied in 2016 collectable in 2017.
BE IT FURTHER RESOLVED: That the City, pursuant to Resolution 2015 -07, will call and redeem on February 1,
2018, all outstanding bond principal and interest payments on General Obligation Bond Series 20088, and that the
County Auditor is authorized to cancel the related Bond Levy in its entirety for taxes payable in 2018 and all
subsequent years.
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 $10,000 and that the County Auditor
is authorized to cancel $10,000 of the related Bond Levy for taxes payable in 2018, leaving a balance of $227,349
to be levied for taxes payable in 2018 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 2015A in the amount of $270,000 and that the County
Auditor is authorized to cancel $270,000 of the related Bond Levy for taxes payable in 2018, leaving a balance of
$214,667 to be levied for taxes payable in 2018 for Series 2015A.
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 2017A in the amount of $329,989 and that the County
Auditor is authorized to cancel $329,989 of the related Bond Levy for taxes payable in 2018, leaving a balance of $0
to be levied for taxes payable in 2018 for Series 2017A.
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 2017B in the amount of $300,000 and that the County
Auditor is authorized to cancel $300,000 of the related Bond Levy for taxes payable in 2018, leaving a balance of
$262,553 to be levied for taxes payable in 2018 for Series 20178.
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 11th day of December, 2017
Offered By: Buesgens
Seconded By: Novitsky
Roll Call: Ayes: Schmitt, Williams, Murzyn, Jr., Buesgens, and Novitsky
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Mayor Donna Schmitt
Attest:
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Katie Bruno
City Clerk /Council Secretary