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HomeMy WebLinkAbout2017-159 CCRMember Dan Ryan introduced the following resolution and moved its adoption: RESOLUTION NO. 2017-159 RESOLUTION ADOPTING A PRELIMINARY BUDGET FOR THE 2018 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 $17,105,950 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)$15,879,417 Excess Tax Increment 360,000 Sales Tax - Lodging Tax Gross Receipts 1,100,000 Licenses & Permits 776,625 Local Government Aid 884,454 Other Intergovernmental Revenues 710,365 General Government Service Charges 110,000 Recreation Fees and Charges 671,250 Public Safety Service Charges 95,250 Community Development 46,000 Fines & Forfeitures 231,500 Miscellaneous Revenues 231,175 Special Assessments 100,000 Other Financing Sources 150,000 Subtotal General Fund $21,346,036 Debt Service 2013B General Obligation Improvement Bond Levy $396,739 2015A General Obligation Improvement Bond Levy 250,961 2016A General Obligation Improvement Bond Levy 213,465 2017A General Obligation Improvement Bond Levy 280,962 Subtotal Debt Service $1,142,127 Housing and Redevelopment Authority Property Tax Levy $345,978 TOTAL BUDGETED REVENUES $22,834,141 RESOLUTION NO. 2017-159 EXPENDITURE APPROPRIATIONS: General Fund General Government $3,268,525 General Government Buildings 886,117 Police 8,661,099 Fire & Emergency Preparedness 1,416,329 Community Development 1,411,508 Public Works 3,914,319 Community Activities, Recreation & Services 1,729,949 Convention and Tourism 522,500 Joint Powers 187,000 Insurance 234,219 Central Supplies (2,375) Reimbursements from Other Funds (1,083,154) Transfers to Other Funds 200,000 Subtotal General Fund $21,346,036 Debt Service 2013B General Obligation Improvement Bond Levy $396,739 2015A General Obligation Improvement Bond Levy 250,961 2016A General Obligation Improvement Bond Levy 213,465 2017A General Obligation Improvement Bond Levy 280,962 Subtotal Debt Service $1,142,127 Housing & Redevelopment Authority Transfer to Economic Development Authority $345,978 TOAL BUDGETED APPROPRIATIONS $22,834.141 The motion for adoption of the forgoing resolution was duly seconded by member Marquita Butler and upon vote being taken thereon, the following voted in favor thereof: Tim Willson, Marguita Butler, April Graves, Kris Lawrence-Anderson, Dan Ryan and the following voted against same: none whereupon said resolution was declared duly passed and adopted.