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HomeMy WebLinkAbout2018-95RESOLUTION 2018 -95 ADOPTING A BUDGET FOR THE YEAR 2019, SETTING THE CITY LEVY, APPROVING THE HRA LEVY, AND APPROVING A TAX RATEINCREASE. 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 2019 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 2019, including general ad valorum tax levies and use of fund balances, are also as listed below. Expense 12,658,477 503,600 244,600 204,325 1,002,700 44,300 45,300 300,000 25,000 13,869,746 1,819,100 Revenue Governmental Funds 452,500 General Fund 12,597,000 Planning & Inspections 503,600 Econ Dev Authority Admin 244,600 Cable Television 217,425 Library 1,002,700 After School Programs 22,000 21st Century Arts - Special Project Fund - Downtown Parking 25,000 Capital Project Funds 7,031,125 Debt Service Funds 1,619,529 Proprietary Funds Water Fund 3,391,050 Sewer Fund 2,100,773 Refuse Fund 2,089,308 Storm Sewer Fund 890,197 Liquor Fund 8,923,400 Municipal Service Center 911,750 Information Systems 387,000 Use of Fund Balance 7,204,813 Total Including Interfund Transfers 49,161,270 Expense 12,658,477 503,600 244,600 204,325 1,002,700 44,300 45,300 300,000 25,000 13,869,746 1,819,100 49,161,270 Debt Principal Paid (Advanced) 186,000 53,400 73,600 245,000 513,600 558,000 Section B. The following sums of money a re levied for t he current year, collectable in 2019 upon the taxa ble property in said City of Columbia Heights, for the following purposes: Estimated General Fund Levy Estimated Library Levy Estimated EDA Fund Levy Total 10,051,000 955,095 242,100 11,248,195 Capital Assets 2,976,683 452,500 2,312,335 17,500 2,007,887 - 981,068 8,794,800 973,349 - 398,000 43,600 49,161,270 Debt Principal Paid (Advanced) 186,000 53,400 73,600 245,000 513,600 558,000 Section B. The following sums of money a re levied for t he current year, collectable in 2019 upon the taxa ble property in said City of Columbia Heights, for the following purposes: Estimated General Fund Levy Estimated Library Levy Estimated EDA Fund Levy Total 10,051,000 955,095 242,100 11,248,195 City of Columbia Heights - Council Resolution 2018 -95 Pape 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 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 Genera I Obligation Bond Series 2009A in the amount of $230,329 and that the County Auditor is authorized to cancel $230,329 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 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 $502 and that the County Auditor is authorized to cancel $502 of the related Bond Levy for taxes payable in 2019, leaving a balance of $0 to be levied for taxes payable 2019 for Series 2013A. 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. 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 2018A in the amount of $5,288 and that the County Auditor is authorized to cancel $5,288 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 2018A. The Finance Director /Treasurer is hereby instructed to transmit a certified copy of this resolution to the County Auditor of Anoka County, Minnesta. Approved this 10th day of December, 2018 Offered By: Buesgens Seconded By: Novitsky Roll Call: All Ayes Attest: atie Bruno City Clerk /Council Secretary Mayor Donna Schmitt