HomeMy WebLinkAboutResolution No. 2010-123 Adopting the Budget for the City of Edina for the Year 2011, And Establishing Tax Levy for Year 2011, Payable in 2011 �1
w �� RESOLUTION NO. 2010-123
oe �
RESOLUTION ADOPTING THE BUDGET FOR
THE CITY OF EDINA FOR THE YEAR 2011, AND
ESTABLISHING TAX LEVY FOR YEAR 2011, PAYABLE IN 2011
City of Edina
THE CITY COUNCIL OF THE CITY OF EDINA MINNESOTA DOES RESOLVE AS FOLLOWS:
Section 1: The Budgets for all Governmental Funds for the City of Edina for the calendar year 2011
is hereby adopted as after this set forth, and funds are hereby appropriated therefore:
2011 GOVERNMENTAL FUND BUDGETS
Comm- Braemar Debt
General HRA CDBG unication Police SR Memorial Service Construction
Fund Fund Fund Fund Fund Fund Fund Fund Total
REVENUES AND OTHER
FINANCING SOURCES
Property tax levy $21,004,000 $ $ $ $ $ $ 3,790,145 $ 992,072 $25,786,217
Reductions (315,000) (312,283) (627,283)
Net tax revenue 20,689,000 3,790,145 679,789 25,158,934
Tax increments - 3,972,190 - - 3,972,190
Special assessments - 1,817,069 397,289 2,214,358
Franchise fees - 650,000 - - 650,000
Licenses and permits 2,309,490 - - 2,309,490
Intergovernmental 757,000 161,303 104,760 4,490,000 5,513,063
Fees and charges 2,733,804 - - - 2,733,804
Fines and forfeitures 975,000 52,103 - 1,027,103
Investment income 115,919 122,000 24,000 600 300 33,900 102,611 399,330
Other revenue 343,000 - 66,500 - 3,000 - - 412,500
Transfers 765,100 - - 934,359 250,000 1,949,459
Debt issued - - 5,807,000 5,807,000
Other financing sources - 55,000 55,000
TOTAL REVENUES AND OTHER
• FINANCING SOURCES $28,688,313 $ 4,094,190 $ 161,303 $ 740,500 $ 157,463 $ 3,300 $ 6,575,473 $11,781,689 $52,202,231
EXPENDITURES AND OTHER
FINANCING USES-BY FUNCTION
General government $ 4,464,199 $ 4,694,945 $ 161,303 $ 807,755 $ - $ - $ - $ 110,000 $10,238,202
Publicworks 6,226,108 - - - - 11,112,960 17,339,068
Public safety 14,141,593 141,592 722,587 15,005,772
Parks&recreation 3,856,413 - 7,500 - 692,000 4,555,913
Debt service - - - 6,640,188 - 6,640,188
Transfers - 934,359 598,000 1,532,359
TOTAL EXPENDITURES AND
OTHER FINANCING USES $28,688,313 $ 5,629,304 $ 161,303 $ 807,755 $ 141,592 $ 7,500 $ 6,640,188 $13,235,547 $55,311,502
EXPENDITURES AND OTHER
FINANCING USES-BY TYPE
Personal services $19,978,953 $ 20,771 $ 10,484 $ 367,973 $ - $ - $ - $ - $20,378,181
Contractual services 3,913,505 674,174 150,819 326,070 86,695 5,151,263
Commodities 1,571,563 - - 38,500 2,133 1,612,196
Central services 3,224,292 61,212 - 3,285,504
Equipment - - - - - 927,587 927,587
Capital outlay 4,000,000 14,000 52,764 7,500 11,709,960 15,784,224
Debt service - - - - 6,640,188 - 6,640,188
Transfers 934,359 598,000 1,532,359
TOTAL EXPENDITURES AND
OTHER FINANCING USES $28,688,313 $ 5,629,304 $ 161,303 $ 807,755 $ 141,592 $ 7,500 $ 6,640,188 $13,235,547 $55,311,502
CHANGE IN FUND BALANCE $ - $(1,535,114) $ - $ (67,255) $ 15,871 $ (4,200) $ (64,715) $(1,453,858) $(3,109,271)
•
City Hall 952-927-8861
4801 WEST 50TH STREET FAX 952-826-0390
EDINA,MINNESOTA, 55424-1394 www.cityofedina.com TTY 952-826-0379
• Section 2: The Budgets for all Enterprise Funds for the City of Edina for the calendar year 2011
are hereby adopted as after this set forth, and funds are hereby appropriated therefore:
2011 ENTERPRISE FUND BUDGETS
Aquatic Golf Art Edinborough
Utilities Liquor Center Course Arena Center Centennial
Fund Fund Fund Fund Fund Fund Fund Total
REVENUES AND
TRANSFERSIN
Operating revenues $15,803,920 $13,367,072 $ 818,800 $ 3,793,300 $ 1,443,800 $ 478,000 $ 1,742,500 $37,447,392
Intergovernmental 110,000 - - - - - - 110,000
Investment income 100,000 - 98,000 198,000
Other revenue - - - - 22,000 - 22,000
Transfers - - 100,000 365,000 182,000 291,000 938,000
TOTAL REVENUES AND
TRANSFERS IN $16,013,920 $13,367,072 $ 818,800 $ 3,893,300 $ 1,808,800 $ 682,000 $ 2,131,500 $38,715,392
EXPENSES AND TRANSFERS
OUT-BY FUNCTION
Utilities $13,225,463 $ - $ - $ - $ - $ - $ - $13,225,463
Liquor - 12,338,481 - 12,338,481
Aquatic center - - 761,098 - 761,098
Golf course - - - 3,572,216 3,572,216
Community activity centers - - - - 1,782,952 699,188 2,404,002 4,886,142
Transfers 100,000 1,255,100 - - 1,355,100
TOTAL EXPENSES AND
TRANSFERS OUT $13,325,463 $13,593,581 $ 761,098 $ 3,572,216 $ 1,782,952 $ 699,188 $ 2,404,002 $36,138,500
EXPENSES AND TRANSFERS
OUT-BY TYPE
COGS $ 45,000 $10,103,558 $ 37,600 $ 356,300 $ 1,500 $ 24,000 $ 94,000 $10,661,958
Personal services 1,725,287 1,406,312 302,034 1,714,038 653,340 273,882 1,315,580 7,390,473
Contractual services 6,890,036 474,989 107,200 570,550 574,600 281,750 458,050 9,357,175
• Commodities 1,040,500 64,834 76,350 351,200 85,500 53,200 277,600 1,949,184
Central services 539,640 206,448 23,364 137,928 42,912 38,856 98,772 1,087,920
Depreciation 1,805,000 82,340 198,000 427,000 340,000 27,500 160,000 3,039,840
Interest 1,180,000 - 16,550 15,200 85,100 - - 1,296,850
Other _ _ _ _
Transfers 100,000 1,255,100 1,355,100
TOTAL EXPENSES AND
TRANSFERS OUT $13,325,463 $13,593,581 $ 761,098 $ 3,572,216 $ 1,782,952 $ 699,188 $ 2,404,002 $36,138,500
CHANGE IN NET ASSETS $ 2,688,457 $ (226,509) $ 57,702 $ 321,084 $ 25,848 $ (17,188) $ (272,502) $ 2,576,892
Section 3. That there is proposed to be levied upon all taxable real and personal property in the
City of Edina a tax rate sufficient to produce the amounts hereinafter set forth: gymnasiums
GENERAL FUND $ 21,004,000
CONSTRUCTION FUND-EQUIPMENT LEVY $ 992,072
LEVY FOR PAYMENT OF CIP PLAN BONDS (CITY $ 949,850
HALUPOLICE FACILITY) - SERIES 2010A
LEVY FOR PAYMENT OF EQUIPMENT CERTIFICATES $ 164,010
DEBT
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT $ 396,444
BONDS (GYMNASIUMS) - SERIES 2005A
LEVY FOR PAYMENT OF CIP PLAN BONDS (FIRE $ 431,544
STATION) - SERIES 2007A
LEVY FOR PAYMENT OF PUBLIC WORKS FACILITY $ 1,232,460
• DEBT
TOTAL LEVY $ 25,170,380
Section 4. That transfers from the General Fund Unappropriated reserves be made for the
following purposes:
TO FUND VARIOUS PROJECTS WITHIN THE $ 936,499
CONSTRUCTION FUND
Section 5. That there is proposed to be levied upon all taxable real and personal property in the
City of Edina, a tax rate sufficient to produce the amount below for the debt levy of the market
value based referendum levy and canceling the portion of the levy not required to produce the
following amount:
GO PARK AND RECREATION BONDS SERIES 1996B/20b5A $ 615,837
Passed and adopted by the City Council on December 21, 2
ATTEST: � '� �� ��C�l✓ ��
Debra A. Mangeh, Ci Clerk ames B. Hovland, Mayor
STATE OF MINNESOTA )
COUNTY OF HENNEPIN )SS
CITY OF EDINA )
. CERTIFICATE OF CITY CLERK
I, the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify that
the attached and foregoing Resolution was duly adopted by the Edina City Council at its Regular
Meeting of December 21, 2010, and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of , 20_
City Clerk