HomeMy WebLinkAboutResolution No. 2015-086 Maximun Levy For 2016 & Budget A RESOLUTION AD NG THE PROPOSED
BUDGET FOR THE CITY OF EDINA FOR YEAR 2016,
AND ESTABLISHING THE PROPOSED
TAX LEVY PAYABLE IN 2016
THE CITY COUNCIL OF THE CITY OF EDINA,MINNESOTA,DOES RESOLVE AS FOLLOWS:
Section 1. 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 $25,023,952
FOR CONSTRUCTION FUND $1,680,000
FOR ARTS AND CULTURE FUND $20,000
LEVY FOR PAYMENT OF CIP PLAN BONDS—SERIES 2007A(Fire) $443,000
LEVY FOR PAYMENT OF CIP PLAN BONDS—SERIES 2010A(City Hall) $946,000
LEVY FOR PAYMENT OF CIP PLAN BONDS—SERIES 2009A(PW) $1,050,163
LEVY FOR PAYMENT OF CIP PLAN BONDS—SERIES 2013A(PW) $440,686
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS—SERIES 2009A(PW) $70,151
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS—SERIES 2014(Dome) $1,167,620
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS—SERIES 2015A(Gym) $385,901
TOTAL TAX CAPACITY LEVY $31,227,473
Section 2. 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/2014B $571,650
TOTAL LEVY $31,799,123
Section 3.That the preliminary 2016 budget for the City of Edina is as follows:
TOTAL REVENUES—GOVERNMENTALFUNDS $68,503,368
TOTAL EXPENDITURES—GOVERNMENTAL FUNDS $68,878,117
TOTAL REVENUES—ENTERPRISE FUNDS $42,916,630
TOTAL EXPENDITURES—ENTERPRISE FUNDS $39,774,272
Approved this 1"day of September 2015.
Attest:
Debra A.Mangen,Cjo Cler James B.Hov an r
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 September 1, 2015 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 50tli Street.Edina,Minnesota 55424
www.EdinaMN.gov•952-927-8861 .Fax 952-826-0389