HomeMy WebLinkAboutResolution No. 2019-71 Adopting Budget for 2020 and Tax Levy in 2020y Of Sep ber 2019. Approved
Attest:
S aron A ison City Clerk ames B. Hovland, Mayor
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0 - ,v• RESOLUTION'N • . 2019-71
A RESOLUTION ADOPTING THE PROPOSED
BUDGET FOR THE CITY OF EDINA FOR YEAR 2020,
AND ESTABLISHING THE PROPOSED
TAX LEVY PAYABLE IN 2020
THE CITY COUNCIL OF THE CITY OF EDINA, MINNESOTA, DOES RESOLVE AS FOLLOWS:
Section I. 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 $32,021,243
FOR CONSTRUCTION FUND $2,830,000
FOR ARTS AND CULTURE FUND $20,000
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 2016A (Fire) $402,000
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 2010A (City Hall) $952,000
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 20I7C (PW) $1,043,000
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 2013A (PW) $448,600
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS — SERIES 2009A (PW) $196,400
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS — SERIES 2014 (Dome) $1,163,300
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS — SERIES 20I5A (Gym) $391,000
TOTAL TAX CAPACITY LEVY $39,467,543
Section 2. That the preliminary 2020 budget for the City of Edina is as follows:
TOTAL REVENUES — GOVERNMENTAL FUNDS $80,909,185
TOTAL EXPENDITURES — GOVERNMENTAL FUNDS $81,456,482
TOTAL REVENUES — ENTERPRISE FUNDS $51,760,915
TOTAL EXPENDITURES — ENTERPRISE FUNDS $47,203,660
TOTAL REVENUES — INTERNAL SERVICE FUNDS $ 5,962,452
TOTAL EXPENDITURES — INTERNAL SERVICE FUNDS $ 5,845,253
Section 3. That the preliminary 2020 budget and tax levy incorporates ev si.ns to the scheduled levy for the
Series 2019A General Obligation Bonds (Fire Equipment) due to sufficient un I s vailable to pay the required debt
service.
STATE OF MINNESOTA
COUNTY OF HENNEPIN ) SS
CITY OF EDINA
CERTIFICATE OF CITY CLERK
1, 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 September 17, 2019
and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of , 20
City Cleric
CITY OF EDINA
4801 West 50th Street • Edina, Minnesota 55424
www.EdinaMN.gov • 952-927-8861 • Fax 952-826-0390