HomeMy WebLinkAboutResolution No. 2009-079 Adopting the Proposed Budget for the City of Edina For Year 2010, and Establishing the Proposed Tax Levy Payable in 2010 RESOLUTION NO. 2009-79
A RESOLUTION ADOPTING THE PROPOSED
w91�11� BUDGET FOR THE CITY OF EDINA FOR YEAR 2010,
ow AND ESTABLISHING THE PROPOSED
y TAX LEVY PAYABLE IN 2010
• � 'Nco�aoe i p.�
City of Edina
THE CITY COUNCIL OF THE CITY OF EDINA, MINNESOTA, DOES RESOLVE AS FOLLOWS:
Section 1: The Budget for the City of Edina for calendar year 2010, is hereby proposed as follows:
TOTAL GENERAL FUND $28,246,596
TOTAL CONSTRUCTION FUND $2,050,283
DEBT SERVICE OF THE HRA PUBLIC PROJECT BONDS-SERIES 2002 $1,039,561
DEBT SERVICE OF THE HRA PUBLIC PROJECT BONDS-SERIES 2005A $396,793
DEBT SERVICE OF CIP PLAN BONDS-SERIES 2007A $454,591
DEBT SERVICE OF CIP PLAN BONDS-PUBLIC WORKS FACILITY $1,372,802
DEBT SERVICE OF EQUIPMENT CERTIFICATES $164,010
DEBT SERVICE OF PARK AND RECREATION BONDS SERIES 1996A/2005A $602,250
TOTAL EXPENDITURES $34,326,886
Section 2: Estimated receipts other than General Tax Levy are hereby proposed as follows:
TOTAL ESTIMATED RECEIPTS $7,488,630
Section 3: That the budget proposes to transfer to the Debt Service Funds the following:
SURPLUS GYMNASIUM CONSTRUCTION FUNDS—SERIES 2005A $15,000
• TOTAL TRANSFERS FOR DEBT SERVICES FUNDS $15,000
Section 4. That the budget proposes to utilize reserves as follows:
FOR DEBT SERVICE OF CIP PLAN BONDS—PUBLIC WORKS FACILITY $200,000
FOR EQUIPMENT EXPENDITURES $1,130,283
TOTAL RESERVE DRAWDOWN $1,330,283
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 as follows:
FOR GENERAL FUND $20,737,472
FOR CONSTRUCTION FUND $940,494
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS—SERIES 2002 $1,039,561
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS—SERIES 2005A $381,793
LEVY FOR PAYMENT OF CIP PLAN BONDS—SERIES 2007A $454,591
LEVY FOR PAYMENT OF CIP PLAN BONDS—PUBLIC WORKS FACILITY $1,172,802
LEVY FOR PAYMENT OF EQUIPMENT CERTIFICATES $164,010
TOTAL TAX CAPACITY LEVY $24,890,723
Section 6. 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 cancelling the portion of the levy not required to produce the amount as follows:
GO PARK AND RECREATION BONDS SERIES 1996A/2005A $602,250
TOTAL LEVY $25,492,973
City Hall 952-927-8861
4801 WEST 50TH STREET FAX 952-826-0390
EDINA,MINNESOTA, 55424-1394 www.cityofedina.com TTY 952-826-0379
RESOLUTION NO. 2009-79
Page Two
Approved this 1st day of September 2009.
Attest:
Debra A. Mangen, City CI rk James B. H and, 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
and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of 20
City Clerk
•
•