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