HomeMy WebLinkAboutResolution No. 2023-95 2024 Budget and Levy & attachmentsRESOLU410 .:,)110.2023-95
A RESOLUTION ADOPTING THE
BUDGET FOR THE CITY OF EDINA FOR YEAR 2024,
AND ESTABLISHING THE PROPOSED
TAX LEVY PAYABLE IN 2024
THE CITY COUNCIL OF THE CITY OF EDINA, MINNESOTA, DOES RESOLVE AS FOLLOWS:
Section 1. The Budgets for all Governmental Funds as shown on Attachment A for the City of Edina for the calendar
year 2024 is hereby adopted and funds are hereby appropriated;
Section 2. The Budgets for all Enterprise Funds as shown on Attachment B for the City of Edina for the calendar year
2024 is hereby adopted and funds are hereby appropriated;
Section 3. That there will be levied upon all taxable real and personal property in th e City of Edina, a tax rate
sufficient to produce the amount as follows:
FOR GENERAL FUND
FOR CONSTRUCTION FUND
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 20I6A (Fire)
LEVY FOR PAYMENT OF CIP PLAN BON DS — SERIES 20I7C (PW)
LEVY FOR PAYMENT OF CIP PLAN BONDS — SERIES 20I3A (PW)
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS — SERIES 2014 (Dome)
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS — SERIES 2015A (Gym)
TOTAL TAX CAPACITY LEVY
Section 4. That the preliminary 2023 budget for the City of Edina is as follows:
TOTAL REVENUES — GOVERNMENTAL FUNDS
TOTAL EXPENDITURES — GOVERNMENTAL FUNDS
TOTAL REVENUES — ENTERPRISE FUNDS
TOTAL EXPENDITURES — ENTERPRISE FUNDS
TOTAL REVENUES — INTERNAL SERVICE FUNDS
TOTAL EXPENDITURES — INTERNAL SERVICE FUNDS
$43,744,165
$6,951,000
$403,000
$1,029,200
$478,800
$ I , 168,700
$392,000
$54,166,865
$92,225,209
$106,770,655
$60,050,828
$73,864,898
$ 9,919,989
$ 9, 195,377
Section 5. That th- budget and tax levy incorporates revisions t• h
20I9A General •nds (Fire Equipment) due to sufficient funds
Appro •I'~&ember 2023.
Attest:
eduled levy for the Series
to pay the required debt service
Sh ron A ison, 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 D-2023, and
as recorded in the Minutes of said Regular Meetins6/...
WITNESS my hand and seal of said City this ( cr day of Oa C ' . , 20a3. ,C i .Ir
bilw S ar.r; llison, City C e <
CITY OF EDINA
4801 West 50th Street • Edina, Minnesota 55424
www.EdinaMN.gov • 952-927-8861 • Fax 952-826-0389
54,166,865.00
ax ng irisdiction Clerk
State of Minnesota HENNEPIN COUNTY
County of Hennepin MINNESOTA
Taxing Jurisdiction of City of Edina
2024 FINAL LEVY CERTIFICATION
1, Sheirbr Itsb"%Clerk of City of Edina hereby certify that
a resolution establishing the levy upon taxable property in said Taxing Jurisdiction was passed by
the governing body at a duly convened meeting held on December 19 , 2023.
On motion it was resolved that the following sums of money be raised by tax upon the taxable
property in said Taxing Jurisdiction for the following purposes for the current year:
LEVY ITEM
CERTIFIED LEVY*
1. General Revenue
50,695,165.00
2. Bonded Indebtedness**
3,471,700.00
A. TOTAL TAX CAPACITY BASED LEVY
54,166,865.00
B. MARKET VALUE BASED REFERENDUM LEVY***
TOTAL TAX CAPACITY AND MARKET VALUE BASED LEVIES
* The levy amount by line item should already be reduced by Local Government Aid (LGA) and other resources
used to finance your taxing jurisdiction's budget.
** Provide a breakdown of the certified levy by individual bond on page 2.
** Per M.S. 275.61, Levies for the payment of debt obligations that are approved by voters after June 30, 2008
must be levied on net tax capacity.
I further certify that I have compared the foregoing with the original entry of the minutes of the
meeting so held on December 19 , 2023 as the same are recorded in the Book of Records
of said Taxing Jurisdiction, and t a t ame is a correct tr script therefrom.
Given under my hand on this day of 3.
251,700.00
251,700.00
urisdiction Clerk
State of Minnesota
County of Hennepin
HENNEPIN COUNTY
MINNESOTA
Taxing Jurisdiction of City of Edina HRA
2024 FINAL LEVY CERTIFICATION
HRA/EDA
I, ck in e•v-Pd it.SIbrr. Clerk of City of Edina HRA hereby certify that
a resolution establishing the levy upon taxable property in said Taxing Jurisdiction was passed by
the governing body at a duly convened meeting held on December 5 , 2023.
On motion it was resolved that the following sums of money be raised by tax upon the taxable
property in said Taxing Jurisdiction for the following purposes for the current year:
LEVY ITEM
CERTIFIED LEVY*
1. General Revenue
251,700.00
2. Bonded Indebtedness**
A. TOTAL TAX CAPACITY BASED LEVY
B. MARKET VALUE BASED REFERENDUM LEVY***
TOTAL TAX CAPACITY AND MARKET VALUE BASED LEVIES
* The levy amount by line item should already be reduced by Local Government Aid (LGA) and other resources
used to finance your taxing jurisdiction's budget.
Provide a breakdown of the certified levy by individual bond on page 2.
*** Per M.S. 275.61, Levies for the payment of debt obligations that are approved by voters after June 30, 2008
must be levied on net tax capacity.
I further certify that I have compared the foregoing with the original entry of the minutes of the
meeting so held on December 5 , 2023 as the same are recorded in the Book of Records
of said Taxing Jurisdiction, and that t e s e is a correct nscript they
Given under my hand on this day of 23.
HENNEPIN COUNTY
MINNESOTA
LEVY CERTIFICATION - DEBT SERVICE SCHEDULE
Taxing Jurisdiction City of Edina
BOND DESCRIPTION
CIP Plan Bonds - Series 2016A (Fire)
CERTIFIED LEVY
403,000.00
CIP Plan Bonds - Series 2017C (PW) 1,029,200.00
General Obligation - Series 2021B (2013A Refunding) (PW) 478,800.00
HRA Public Project Bonds - Series 2015A (Gym) 392,000.00
HRA Public Project Bonds - Series 2014 (Dome) 1,168,700.00
DEBT SERVICE TOTAL** $ 3,471,700.00
** This must match the totals for debt service reported on page 1.
Per M.S. 475.61 all debt must be accounted for in the resolution. If the amount levied is less than the required amount from
the payment schedule for the bond, you must submit a resolution stating that there are sufficient funds for that bond. This can
be included in the same resolution with your levy.
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