HomeMy WebLinkAboutResolution No. 2024-110 Adopting 2025 Budget & Tax LevyApproved
Attest:
S aron Allison, City Clerk ames B. Hovland, Mayor
STATE OF MINNESOTA
COUNTY OF HENNEPIN ) SS
CITY OF EDINA
, •
4RESOLUTION NO. 2024-1 I 0
A RESOLUTION ADOPTING THE
BUDGET FOR THE CITY OF EDINA FOR YEAR 2025,
AND ESTABLISHING THE PROPOSED
TAX LEVY PAYABLE IN 2025
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 2025 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 2025 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 $47,313,215
FOR CONSTRUCTION FUND $6,060,000
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 20I6A (Fire) $406,000
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 2021 B (PW) $1,512,000
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 2024A (Fire) $1,133,449
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 2024B (Fire) $763,090
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS — SERIES 2014 (Dome) $1,165,100
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS — SERIES 20I5A (Gym) $398,000
TOTAL TAX CAPACITY LEVY
Section 4. That the final 2025 budget for the City of Edina is as follows:
TOTAL REVENUES — GOVERNMENTAL FUNDS
TOTAL EXPENDITURES — GOVERNMENTAL FUNDS
TOTAL REVENUES — ENTERPRISE FUNDS
TOTAL EXPENDITURES — ENTERPRISE FUNDS
TOTAL REVENUES — INTERNAL SERVICE FUNDS
TOTAL EXPENDITURES — INTERNAL SERVICE FUNDS
$58,750,854
$96,172,430
$127,325,595
$62,185,054
$66,605,411
$ 10,749,823
$ 9,385,781
Section 5. That the final 2025 budget and tax levy incorporates revisions to e sch duled levy for the Series 2019A General
Obligation Bonds nt) due to sufficient funds available to pay th= r ui ed debt service.
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 17, 2024, and as recorded in the Minutes of said Regular
Meeting.
CITY OF EDINA
4801 West 50th Street • Edina, Minnesota 55424
EdinaMN.gov • 952-927-8861
0 e t,', ( ?./)
v.,'‘)1,4-,.?,
\•;:.:;.,,„,7,-,•:., ,.„-.,.
WITNESS my hand and seal of said City this day of , 20
City Clerk
CITY OF EDINA
4801 West 50th Street • Edina, Minnesota 55424
EdinaMN,gov • 952-927-8861