HomeMy WebLinkAboutResolution No. 2012-107 Setting Preliminary Levy for 2013 Operating Budget RESOLUTION NO.2012-107
o e A RESOLUTION ADOPTING THE PROPOSED
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BUDGET O FOR THE CITY OF EDINA FOR YEAR 2013,
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AND ESTABLISHING THE PROPOSED
TAX I FVV PAVAIB F IN 7011
City of Edina
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 $21,989,994
FOR CONSTRUCTION FUND $992,072
LEVY FOR PAYMENT OF CIP PLAN BONDS-SERIES 2010A $939,850
LEVY FOR PAYMENT OF HRA PUBLIC PROJECT BONDS—SERIES 2005A $406,444
LEVY FOR PAYMENT OF CIP PLAN BONDS—SERIES 2007A $431,544
LEVY FOR PAYMENT OF PUBLIC WORKS FACILITY BONDS $1,536,743
TOTAL TAX CAPACITY LEVY $26,296,647
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 $615,837
TOTAL LEVY $26,912,484
Section 3. That the budget for the City of Edina for calendar year 2013, as established in the 2012 —2013 budget
document approved by City Council December 20,2011 is proposed as follows:
TOTAL REVENUES—GOVERNMENTAL FUNDS $45,824,245
TOTAL EXPENDITURES—GOVERNMENTAL FUNDS $49,930,662
TOTAL REVENUES—ENTERPRISE FUNDS ADS $40,146,392
TOTAL EXPENDITURES—ENTERPRISE FU $37,244,036
Approved this 4th day of Sept m r 2 12.
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Attest: -
Debra A.Mangen,City Cl k 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 4,2012 and
as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this -* day of 2010
ity erk
City Hall
952-927-8861
4801 WEST 50TH STREET FAX 952-826-0390
EDINA, MINNESOTA,55424-1394 www.cityofedina.com TTY 952-826-0379