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HomeMy WebLinkAbout2020-079 CCRMember Graves introduced the following resolution and moved its adoption: RESOLUTION NO. 2020-079 RESOLUTION ADOPTING A PRELIMINARY BUDGET FOR THE 2021 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 $19,945,566 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) $18,3173857 Excess Tax Increment 2305500 Sales Tax — Lodging Tax Gross Receipts 50000 Licenses & Permits 150169093 Local Government Aid 1,1475225 Other Intergovermnental Revenues 707,365 General Government Service Charges 765500 Recreation Fees and Charges 593,000 Public Safety Service Charges 153,250 Community Development 3,000 Fines & Forfeitures 216,000 Miscellaneous Revenues 63%737 Special Assessments 100,000 Transfer In 555000 Subtotal General Fund $2357555527 Debt Service 2013B General Obligation Improvement Bond Levy $385,222 2015A General Obligation Improvement Bond Levy 254,732 2016A General Obligation Improvement Bond Levy 212,940 2017A General Obligation Improvement Bond Levy 2843784 2018A General Obligation Improvement Bond Levy 252,462 2019A General Obligation Improvement Bond Levy 67,036 2020A General Obligation Improvement Bond Levy 86,127 Subtotal Debt Service $155435303 Housing and Redevelopment Authority Property Tax Levy $452,913 TOTAL BUDGETED REVENUES 25,751,743 EXPENDITURE APPROPRIATIONS: General Fund General Government $3,826,453 General Government Buildings 9425289 Police 957725477 Fire & Emergency Preparedness 1,6655497 Community Development 1,811,281 Public Works 4,217,639 Community Activities, Recreation & Services 1,83108 Convention and Tourism 237,500 Joint Powers 187,000 Insurance 272,286 Central Supplies 689,504 Vacancy & Turnover Savings (400,000) Reimbursements from Other Funds (1,5185097) Transfers to Other Funds 2205000 Subtotal General Fund $235755,527 Debt Service 2013B General Obligation Improvement Bond Levy $385,222 2015A General Obligation Improvement Bond Levy 2545732 2016A General Obligation Improvement Bond Levy 2125940 2017A General Obligation Improvement Bond Levy 2845784 2018A General Obligation Improvement Bond Levy 2525462 2019A General Obligation Improvement Bond Levy 67,036 2020A General Obligation Improvement Bond Levy 865127 Subtotal Debt Service $1,5433303 Housing &Redevelopment Authority Transfer to Economic Development Authority 452 913 TOAL BUDGETED APPROPRIATIONS 25,751,743 September 28, 2020 Date ATTEST; Mayor The motion for adoption of the forgoing resolution was duly seconded by member Elliott and upon vote being taken thereon, the following voted in favor thereof: Butler, Elliott, Graves, Lawrence -Anderson, Ryan and the following voted against same: None whereupon said resolution was declared duly passed and adopted.