HomeMy WebLinkAbout2018-50RESOLUTION 2018 -50
ADOPTING A PROPOSED BUDGET FOR THE YEAR 2019, 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 2019.
Now, 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 2019 is hereby approved and adopted with appropriations for
each of the funds listed below:
Governmental Funds
General Fund
Planning & Inspections
Economic Development Authority Admin.
Cable Television
Library
After School Programs
21st Century Arts
Downtown Parking
Capital Project Funds
Debt Service Funds
Proprietary Funds
Water Fund
Sewer Fund
Refuse Fund
Storm Sewer Fund
Liquor Fund
Municipal Service Center
Information Systems
Use of Fund Balance
Total Including Interfund Transfers
Revenue
12,502,000
503,600
244,600
217,425
1,002,700
22,000
25,000
7,031,125
1,619,529
3,391,050
2,100,773
2,089,308
890,197
8,923,400
911,750
387,000
7.019.813
Expense
12,678,477
503,600
244,600
204,325
1,002,700
44,300
45,300
25,000
13,869,746
1,819,100
2,976,683
2,312,335
2,007,887
981,068
8,794,800
973,349
398,000
Capital Assets
452,500
27,500
43,600
48,881,270 48,881,270 523,600
Debt Principal
Paid (Adv.)
186,000
53,400
73,600
245,000
558,000
Section B. The following sums of money are levied for the current year, collectable in 2019 upon the taxable property in said City
of Columbia Heights, for the following purposes:
Estimated General Fund Levy 10,071,000
Estimated Library Levy 955,095
Estimated EDA Fund Levy 242,100
Total 11,268,195
City of Columbia Heights - .Council Resolution 2018 -50 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 2019 in the amount of $ 247,000
BE IT FURTHER RESOLVED: That the public budget hearing is scheduled for December 10, 2018 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 2019 that
is higher than the tax rate calculated for the City for taxes levied in 2017 collectable in 2018.
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 $25,000 and that the County Auditor is authorized to cancel $25,000 of
the related Bond Levy for taxes payable in 2019, leaving a balance of $205,329 to be levied for taxes payable in 2019 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 $275,000 and that the County Auditor is authorized to cancel $275,000 of
the related Bond Levy for taxes payable in 2019, leaving a balance of $206,254 to be levied for taxes payable in 2019 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 $335,344 and that the County Auditor is authorized to cancel $335,344 of
the related Bond Levy for taxes payable in 2019, leaving a balance of $0 to be levied for taxes payable in 2019 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 $295,000 and that the County Auditor is authorized to cancel $295,000 of
the related Bond Levy for taxes payable in 2019, leaving a balance of $268,446 to be levied for taxes payable in 2019 for Series
2017B.
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 24th day of September, 2018
Offered By: Buesgens
Seconded By: Murzyn, Jr.
Ayes:4 Nays:0
Ayes: Buesgens, Murzyn, Jr., Williams and Novitsky
Co cil President, Nick Novitsky
/ "i
Katie Bruno
City Clerk /Council Secretary