HomeMy WebLinkAbout2023-083RESOLUTION NO.2023-083
ADOPTING A BUDGET FOR THE YEAR 2024, SETTING THE CITY LEVY, APPROVING THE HRA LEVY, AND
APPROVING A TAX RATE INCREASE.
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 2024 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 2024, including general ad valorum tax levies and use of fund balances, are also listed below.
Revenue
Expense
Governmental Funds
General Fund
17,923,700
17,923,700
Planning & Inspections
608,900
604,800
Economic Development Authority Admin.
313,700
313,700
Cable Television
138,500
186,000
Li bra ry
1,262,000
1,262,000
After School Programs
-
25,000
Downtown Parking
56,600
56,600
Capital Project Funds
3,255,000
2,569,800
Debt Service Funds
7,906,900
7,888,900
Proprietary Funds
Water Fund
4,536,700
5,661,600
Sewer Fund
3,402,900
4,158,900
Refuse Fund
3,600,000
4,240,700
Storm Sewer Fund
785,100
567,500
Liquor Fund
10,256,500
10,137,300
Municipal Service Center
1,075,200
1,320,200
Information Systems
957,800
940,300
Change in Fund Balance
1,777,500
-
Total Including Interfund Transfers
57,857,000
57,857,000
Section B. The following sums of money are levied for the current year, collectable in 2024 upon the
Taxable property in the City of Columbia Heights, for the following purposes:
Estimated General Fund Levy 15,139,000
Estimated Library Levy 1,248,000
Estimated EDA Fund Levy 310,000
Tota 1 16,697,000
City of Columbia Heights — Council Resolution 2023-083 Page 2
Section C. The City Council of the City of Columbia Heights hereby approves the Columbia Heights Housing
and Redevelopment Authority Tax Levy for the fiscal year 2024 in the amount of $310,000.
BE IT FURTHER RESOLVED: That the County Auditor is authorized to fix a property tax rate for taxes
payable in the year 2024 that is higher than the tax rate calculated for the City of Columbia Heights for
taxes payable in 2023.
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 $233,012 and that the
County Auditor is authorized to cancel $233,012 of the related Bond Levy for taxes payable in 2024,
leaving a balance of $248,400 to be levied for taxes payable 2024 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 $339,019 and that the
County Auditor is authorized to cancel $339,019 of the related Bond Levy for taxes payable in 2024,
leaving a balance of $0 to be levied for taxes payable in 2024 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 $231,983 and that the
County Auditor is authorized to cancel $231,983 of the related Bond Levy for taxes payable in 2024,
leaving a balance of $331,200 to be levied for taxes payable in 2024 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 $20,019 and that the
County Auditor is authorized to cancel $20,019 of the related Bond Levy for taxes payable in 2024, leaving
a balance of $96,400 to be levied for taxes payable in 2024 for Series 2018A.
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 2023B in the amount of $118,706 and that the
County Auditor is authorized to cancel $118,706 of the related Bond Levy for taxes payable in 2024,
leaving a balance of $0 to be levied for taxes payable in 2024 for Series 2023B.
The Finance Director is hereby instructed to transmit a certified copy of this resolution to the County
Auditor of Anoka County, Minnesota.
Passed this 11th day of December, 2023
Offered by: James
Seconded by: Buesgens
Roll Call: All Ayes
Attest: °
Sara lb , City Clerk/Council Secretary
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