HomeMy WebLinkAboutResolution No. 2021-115 Adopting 2022 Budget and Tax LevyRESOLUTION NO. 2021-115
A RESOLUTION ADOPTING THE
BUDGET FOR THE CITY OF EDINA FOR YEAR 2021,
AND ESTABLISHING THE PROPOSED
TAX LEVY PAYABLE IN 2022
THE CITY COUNCIL OF THE CITY OF EDINA, MINNESOTA, DOES RESOLVE AS FOLLOWS:
Section 1. The Budgets for all Governmental Funds as shown on Attachment A for the City of Edina for the calendar
year 2022 is hereby adopted and funds are hereby appropriated;
Section 2. The Budgets for all Enterprise Funds as shown on Attachment B for the City of Edina for the calendar year
2022 is hereby adopted and funds are hereby appropriated;
Section 3. That there will 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 2016A (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) $231,000
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 $45,130,036
Section 4. That the preliminary 2022 budget for the City of Edina is as follows:
TOTAL REVENUES – GOVERNMENTAL FUNDS $79,765,463
TOTAL EXPENDITURES – GOVERNMENTAL FUNDS $80,592,554
TOTAL REVENUES – ENTERPRISE FUNDS $55,911,043
TOTAL EXPENDITURES – ENTERPRISE FUNDS $53,092,0744
TOTAL REVENUES – INTERNAL SERVICE FUNDS $ 6,233,148
TOTAL EXPENDITURES – INTERNAL SERVICE FUNDS $ 6,109,472
Section 5. That the final 2021 budget and tax levy incorporates revisions to the scheduled levy for the Series
2019A General Obligation Bonds (Fire Equipment) due to sufficient funds available to pay the required debt service
Approved this 7th day of December 2021.
Attest:
Sharon Allison, City Clerk James 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 7, 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