HomeMy WebLinkAboutResolution No. 2021-77 Adopting Proposed Budget for 2022Attest:
Sharon Allison, City Clerk ames B. Hovland, Mayo
STATE OF MINNESOTA
COUNTY OF HENNEPIN ) SS
CITY OF EDINA
RESOLUTION NO. 2021-77
A RESOLUTION ADOPTING THE PROPOSED
BUDGET FOR THE CITY OF EDINA FOR YEAR 2022,
AND ESTABLISHING THE PROPOSED
TAX LEVY PAYABLE IN 2022
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 $36,708,036
FOR CONSTRUCTION FUND $5,190,000
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 20I6A (Fire) $403,000
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 2017C (PW) $1,038,000
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 2013A (PW) $451,000
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS — SERIES 2009A (PW) $205,000
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS — SERIES 2014 (Dome) $1,168,000
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS — SERIES 2015A (Gym) $392,000
TOTAL TAX CAPACITY LEVY $45,555,036
Section 2. That the preliminary 2022 budget for the City of Edina is as follows:
TOTAL REVENUES — GOVERNMENTAL FUNDS $79,653,402
TOTAL EXPENDITURES — GOVERNMENTAL FUNDS $80,440,270
TOTAL REVENUES — ENTERPRISE FUNDS $55,911,043
TOTAL EXPENDITURES — ENTERPRISE FUNDS $53,126,044
TOTAL REVENUES — INTERNAL SERVICE FUNDS $ 6,771,778
TOTAL EXPENDITURES — INTERNAL SERVICE FUNDS $ 6,771,778
Section 3. That the preliminary 2022 budget and tax levy incorporates revisions to the scheduled levy for the
Series 20I9A General Obligation Bonds (Fire Equipment) due to sufficient funds available to pay the required debt
service.
Approved this 21" d eptember 2021.
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 September 21,
2021, and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of , 20
City Clerk
CITY OF EDINA
4801 West 50th Street • Edina, Minnesota 55424
www.EdinaMN.gov • 952-927-8861 • Fax 952-826-0389