HomeMy WebLinkAboutResolution No. 2020-88_City_Preliminary_Levy___Budget_PRINTED_COMPLETEDRESOLUTION NO. 2020-88
A RESOLUTION ADOPTING THE PROPOSED
BUDGET FOR THE CITY OF EDINA FOR YEAR 2021,
AND ESTABLISHING THE PROPOSED
TAX LEVY PAYABLE IN 2021
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 $33,986,471
FOR CONSTRUCTION FUND $4,130,000
FOR ARTS AND CULTURE FUND $20,000
LEVY FOR PAYMENT OF CIP PLAN BONDS – SERIES 2016A (Fire) $402,000
LEVY FOR PAYMENT OF CIP PLAN BONDS – SERIES 2017C (PW) $1,038,000
LEVY FOR PAYMENT OF CIP PLAN BONDS – SERIES 2013A (PW) $451,000
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS – SERIES 2009A (PW) $206,000
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS – SERIES 2014 (Dome) $1,162,400
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS – SERIES 2015A (Gym) $392,000
TOTAL TAX CAPACITY LEVY $41,787,871
Section 2. That the preliminary 2021 budget for the City of Edina is as follows:
TOTAL REVENUES – GOVERNMENTAL FUNDS $79,840,387
TOTAL EXPENDITURES – GOVERNMENTAL FUNDS $75,796,054
TOTAL REVENUES – ENTERPRISE FUNDS $53,652,022
TOTAL EXPENDITURES – ENTERPRISE FUNDS $48,703,269
TOTAL REVENUES – INTERNAL SERVICE FUNDS $ 6,233,148
TOTAL EXPENDITURES – INTERNAL SERVICE FUNDS $ 6,109,472
Section 3. That the preliminary 2021 budget and tax levy incorporates revisions to the scheduled levy for the
Series 2019A General Obligation Bonds (Fire Equipment) due to sufficient funds available to pay the required debt
service.
Approved this 15th day of September 2020.
Attest:
Sharon Allison, City Clerk 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 15, 2020
and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this ______ day of __________, 20___.
_______________________________
City Clerk