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Home My WebLink About2024-94 CCRMember Graves introduced the following resolution and moved its adoption: RESOLUTION NO. 2024-94 RESOLUTION ADOPTING A PRELIMINARY BUDGET FOR THE 2025 FISCAL YEAR WHEREAS, the City Council of the City of Brooklyn Center is the governing body of the City of Brooklyn Center; and WHEREAS, Minnesota Statutes require that a preliminary budget be adopted for funds using property tax revenues along with the adoption of the preliminary property tax levy; and WHEREAS, a preliminary property tax levy of $27,232,409 has been proposed for adoption the basis for the budget proposed herewith. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center that the following amounts be adopted as the preliminary budget for property tax supported funds appropriated as follows: REVENUES: General Fund Property Taxes (net) $24,159,201 Sales Tax — Lodging Tax Gross Receipts 900,000 Licenses & Permits 1,021,195 Local Government Aid 1,517,313 Other Intergovernmental Revenues 683,000 General Government Service Charges 125,065 Recreation Fees and Charges 404,050 Public Safety Service Charges 17,350 Community Development Service Charges 14,500 Fines & Forfeitures 188,000 Miscellaneous Revenues 375,000 Special Assessments 100,000 Unassigned Fund Balance Contribution 230,944 Subtotal General Fund $29,735,618 Debt Service 2015A General Obligation Improvement Bond Levy 259,374 2016A General Obligation Improvement Bond Levy 213,045 2017A General Obligation Improvement Bond Levy 283,862 2018A General Obligation Improvement Bond Levy 248,003 2019A General Obligation Improvement Bond Levy 191,085 2020A General Obligation Improvement Bond Levy 242,025 2021A General Obligation Improvement Bond Levy 211,653 2022A General Obligation Improvement Bond Levy 165,566 2024A General Obligation Improvement Bond Levy 519,000 Subtotal Debt Service $2,333,613 Housing; and Redevelopment Authority_ Property Tax Levy $606,595 TOTAL BUDGETED REVENUES $32,675,826 EXPENDITURE APPROPRIATIONS: General Fund General Government $4,722,063 General Government Buildings 1,237,035 Prevention, Health, and Safety 406,943 Police 11,833,555 Fire & Emergency Preparedness 2,893,583 Community Development 1,969,789 Public Works 5,106,501 Recreation 2,573,730 Convention and Tourism 430,000 Joint Powers 130,000 Insurance 370,080 Central Supplies 179,628 Vacancy & Turnover Savings (400,000) Reimbursements from Other Funds (2,047,289) Transfers to Other Funds 330,000 Subtotal General Fund $29,735,618 Debt Service 2015A General Obligation Improvement Bond Levy 259,374 2016A General Obligation Improvement Bond Levy 213,045 2017A General Obligation Improvement Bond Levy 283,862 2018A General Obligation Improvement Bond Levy 248,003 2019A General Obligation Improvement Bond Levy 191,085 2020A General Obligation Improvement Bond Levy 242,025 2021A General Obligation Improvement Bond Levy 211,653 2022A General Obligation Improvement Bond Levy 165,566 2024A General Obligation Improvement Bond Levy 519.000 Subtotal Debt Service $2,333,613 Housing & Redevelopment Authority Transfer to Economic Development Authority $606,595 TOAL BUDGETED APPROPRIATIONS 32,675.826 September 23, 2024 Date Mayor C ATTEST: %L City Cleric The motion for adoption of the forgoing resolution was duly seconded by member Butler and upon vote being taken thereon, the following voted in favor thereof: Butler, Graves, Jerzak, Kragness and the following voted against same: none whereupon said resolution was declared duly passed and adopted.