HomeMy WebLinkAbout2004-125 CCRMember Kathleen Carmodyintroduced the following resolution and
moved its adoption:
RESOLUTION NO. 2004-125
RESOLUTION ADOPTING A PRELIMINARY BUDGET FOR THE
2005 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 $11,319,018 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 Tax Levy $ 10,117,000
less: Amount for Uncollectible (303,510)
Sales Tax - Lodging Tax Gross Receipts 640,000
Licenses & Permits 688,320
Intergovernmental Revenues 1,111,887
General Government Service Charges 26,150
Recreation Fees and Charges 578,480
Public Safety services Charges 14,450
Fines & Forfeitures 225,000
Miscellaneous Revenues 283.250
Subtotal General Fund $ 13,381,027
Debt Service
Property Tax Levy $ 950,723
Special Assessments 925,537
Intergovernmental Revenues 297,760
Miscellaneous Revenues 52.300
Subtotal Debt Service $ 2,226,320
Housine and Redevelopment Authoritv
Property Tax Levy 259.067
TOTAL BUDGETED REVENUES $ 15.866.414
RESOLUTION NO. 2004-125
EXPENDITURE APPROPRIATIONS:
General Fund
Operating Divisions $ 14,13 5,111
Reimbursements from Other Funds (754,084)
Transfers to Capital Projects Funds 0
Subtotal General Fund $ 13,381,027
Debt Service
1994 B
G.O. Improvement Bonds
$ 98,413
1995 B
G.O. Improvement Bonds
92,650
1996 A
G.O. Improvement Bonds
171,063
1997 A
G.O. Improvement Bonds
122,286
1997 B
Municipal Building Bonds
739,914
1998 A
G.O. Improvement Bonds
124,188
1998 B
G.O. State Aid Revenue Bonds
297,760
1999 A
G.O. Improvement Bonds
201,945
2000 A
G.O. Improvement Bonds
97,829
2001 A
G.O. Improvement Bonds
101,893
2003 A G.O. Improvement Bonds 162,443
Subtotal Debt Service $ 2,210,384
Housing & Redevelopment Authoritv
Transfer to Economic Development Authority $ 259,067
TOAL BUDGETED APPROPRIATIONS S 15.850.478
September 13, 2004 YhMA'"' a _ nc.P~
ate Q Mayor
ATTEST:
City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
Kay Lasman
and upon vote being taken thereon, the following voted in favor thereof:
Myrna Kragness, Kathleen Carmody, Kay Lasman, Diane Niesen, and Bob Peppe;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.