HomeMy WebLinkAboutResolution No. 2008-084 Setting Preliminary Budget RESOLUTION NO. 2008-84
�, A, SETTING 20098 PRELIMINARY BUDGET AND TAX LEVY
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City of Edina
THE CITY COUNCIL OF THE CITY OF EDINA, MINNESOTA, DOES RESOLVE AS FOLLOWS:
Section 1: The Budget for the City of Edina for calendar year 2009, is hereby proposed as follows:
TOTAL GENERAL FUND $ 29,667,608
DEBT SERVICE OF THE HRA PUBLIC PROJECT BONDS-SERIES 2002 $1,040,436
DEBT SERVICE OF THE HRA PUBLIC PROJECT BONDS-SERIES 2005A $383,969
DEBT SERVICE OF CIP PLAN BONDS-SERIES 2007A $457,950
DEBT SERVICE OF CIP PLAN BONDS-PUBLIC WORKS FACILITY $788,453
DEBT SERVICE OF EQUIPMENT CERTIFICATES $84,191
TOTAL EXPENDITURES $32,422,607
Section 2: Estimated receipts other than General Tax Levy are hereby proposed as follows:
TOTAL ESTIMATED RECEIPTS $8,464,917
Section 3: That the budget proposes to transfer to the Debt Service Funds the following:
SURPLUS GYMNASIUM CONSTRUCTION FUNDS-SERIES 2005A $203,969
EXCESS INCREMENT TO PUBLIC WORKS FACILITY DEBT $200,000
• TOTAL TRANSFERS FOR DEBT SERVICES FUNDS $403,969
Section 4. 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 $21,202,691
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS -SERIES 2002
$1,040,436
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS -SERIES 2005A $180,000
LEVY FOR PAYMENT OF CIP PLAN BONDS-SERIES 2007A $457,950
LEVY FOR PAYMENT OF CIP PLAN BONDS-PUBLIC WORKS FACILITY $588,453
LEVY FOR PAYMENT OF EQUIPMENT CERTIFICATES $84,191
TOTAL LEVY $ 23,553,721
Section 5. 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 $600,212
Approved this 2t day of September 2008.
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Attest:
Debra A. Mangen, City Clerk U James . Hovland, ayor --
City Hall 952-927-8861
4801 WEST 50TH STREET FAX 952-826-0390
EDINA,MINNESOTA,55424-1394 www.cityofedina.com TTY 952-826-0379
RESOLUTION NO. 2008-84
SETTING 20098 PRELIMINARY BUDGET AND TAX LEVY
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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 2, 2008 and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of 20_
City Clerk
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