HomeMy WebLinkAbout2024-090 2025 BudgetRESOLUTION NO.2024-90
ADOPTING A BUDGET FOR THE YEAR 2025, 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 2025 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 2025, including general ad valorum tax levies and use of fund balances, are also listed below.
Revenue
Expense
Governmental Funds
General Fund
19,625,000
18,754,000
Planning & Inspections
641,800
662,000
Economic Development Authority Admin.
377,000
309,000
Cable Television
155,500
221,200
Library
1,293,000
1,293,000
After School Programs
-
24,100
Downtown Parking
58,000
58,000
Capital Project Funds
3,681,100
3,247,500
Debt Service Funds
2,723,200
2,819,600
Proprietary Funds
Water Fund
4,521,000
3,561,000
Sewer Fund
2,890,000
2,983,000
Refuse Fund
3,936,000
3,936,000
Storm Sewer Fund
827,000
516,700
Liquor Fund
10,488,300
10,315,500
Municipal Service Center
1,111,000
1,320,200
Information Systems
1,020,900
1,003,400
Change in Fund Balance
-
2,324,600
Total Including Interfund Transfers
53,348,800
53,348,800
Section B. The following sums of money are levied for the current year, collectable in 2025 upon the
Taxable property in the City of Columbia Heights, for the following purposes:
Estimated General Fund Levy 16,473,000
Estimated Library Levy 1,276,000
Estimated EDA Fund Levy 375,000
Tota 1 18,124,000
City of Columbia Heights — Council Resolution 2024-90
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 2025 in the amount of $425,000.
BE IT FURTHER RESOLVED: That the County Auditor is authorized to fix a property tax rate for taxes
payable in the year 2025 that is higher than the tax rate calculated for the City of Columbia Heights for
taxes payable in 2024.
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 $222,000 and that the
County Auditor is authorized to cancel $222,000 of the related Bond Levy for taxes payable in 2025,
leaving a balance of $261,381 to be levied for taxes payable 2025 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 $340,541 and that the
County Auditor is authorized to cancel $340,541 of the related Bond Levy for taxes payable in 2025,
leaving a balance of $0 to be levied for taxes payable in 2025 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 $225,000 and that the
County Auditor is authorized to cancel $225,000 of the related Bond Levy for taxes payable in 2025,
leaving a balance of $337,186 to be levied for taxes payable in 2025 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 $13,435 and that the
County Auditor is authorized to cancel $13,435 of the related Bond Levy for taxes payable in 2025, leaving
a balance of $106,433 to be levied for taxes payable in 2025 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 $122,358 and that the
County Auditor is authorized to cancel $122,328 of the related Bond Levy for taxes payable in 2025,
leaving a balance of $0 to be levied for taxes payable in 2025 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 9th day of December, 2024
Offered by: Buesgens
Seconded by: Spriggs
Roll Call: All Ayes
Att t
Sar n, y Clerk/Council Secretary
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