HomeMy WebLinkAboutResolution No. 2017-082 Preliminary Budget & Tax Levy 2018 RESOLUTION NO. 2017-82
A RESOLUTION ADOPTING THE PROPOSED
BUDGET FOR THE CITY OF EDINA FOR YEAR 2018,
AND ESTABLISHING THE PROPOSED
TAX LEVY PAYABLE IN 2018
THE CITY COUNCIL OF THE CITY OF EDINA, MINNESOTA, DOES RESOLVE AS FOLLOWS:
Section I. 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 $28,493,077
FOR CONSTRUCTION FUND $2,540,000
FOR ARTS AND CULTURE FUND $20,000
LEVY FOR PAYMENT OF CIP PLAN BONDS—SERIES 2016A(Fire) $405,000
LEVY FOR PAYMENT OF CIP PLAN BONDS—SERIES 2010A (City Hall) $950,000
LEVY FOR PAYMENT OF CIP PLAN BONDS—SERIES 2009A (PW) $1,049,000
LEVY FOR PAYMENT OF CIP PLAN BONDS—SERIES 2013A(PW) $448,600
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS—SERIES 2009A (PW) $196,400
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS—SERIES 2014 (Dome) $1,168,700
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS—SERIES 2015A (Gym) $389,000
TOTAL TAX CAPACITY LEVY $35,659,777
Section 2.That the preliminary 2018 budget for the City of Edina is as follows:
TOTAL REVENUES—GOVERNMENTAL FUNDS $74,500,824
TOTAL EXPENDITURES—GOVERNMENTAL FUNDS $82,424,292
TOTAL REVENUES— ENTERPRISE FUNDS $45,877,066
TOTAL EXPENDITURES— ENTERPRISE FUNDS $43,438,536
Approved this 6`h day of September 2017.
Attest: 4aK�--
Debra A. Mangen, City Jerk 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 6, 2017
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 50th Street•Edina,Minnesota 55424
www.EdinaMN.gov•952-927-8861 . Fax 952-826-0390