HomeMy WebLinkAboutResolution No. 2014-100 Adopting 2015 Operating Budget & Setting Levy Am
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RESOLUTION NO.2014-100
A RESOLUTION ADOPTING THE PROPOSED
BUDGET FOR THE CITY OF EDINA FOR YEAR 2015,
AND ESTABLISHING THE PROPOSED
TAX LEVY PAYABLE IN 2015
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 $22,933,958
FOR CONSTRUCTION FUND $1,617,072
FOR ARTS AND CULTURE FUND $20,000
LEVY FOR PAYMENT OF CIP PLAN BONDS-SERIES 2010A $944,400
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS—SERIES 2005A $409,440
LEVY FOR PAYMENT OF CIP PLAN BONDS—SERIES 2007A $441,940
LEVY FOR PAYMENT OF PUBLIC WORKS FACILITY BONDS $1,546,600
LEVY FOR PAYMENT OF PUBLIC PROJECT REVENUE BONDS—SERIES 2014 $1,168,000
TOTAL TAX CAPACITY LEVY $29,081,410
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 $618,600
TOTAL LEVY $29,700,010
Section 3.That the preliminary budget for the City of Edina is as follows:
TOTAL REVENUES—GOVERNMENTAL FUNDS $51,785,817
TOTAL EXPENDITURES—GOVERNMENTAL FUNDS $55,413,676
TOTAL REVENUES—ENTERPRISE FUNDS $46,519,903
TOTAL EXPENDITURES—ENTERPRISE FUNDS $39,989,439
Approved this 16`h day of September 2014.
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Attest:
Debra A.Mangen,C Cler 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 September 16,2014 and
as recorded in the Minutes of said Regular Meeting.
SWITNESS 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