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CITY OF LADE ELMO <br />WASHINGTON COUNTY <br />STATE OF MINNESOTA <br />i1' 1 f 1 OLLECTIBLE In 20210 <br />1 <br />ADOPTING1 1 GENERAL FUND AND EDA BUDGETS <br />WHEREAS, The City of Lalfe Elmo is required by State law to approve a resolution <br />setting forth an annual property tax levy to the Washington County Auditor; and <br />WHEREAS, Minnesota Statutes currently in force require approval of a property tax levy <br />and a budget in December of each year; and <br />WHEREAS, the City Council has received the budget documents; <br />NOW THEREFORE BE IT RESOLVED by the City Council of the City of Lake Elmo, <br />that the 2020 General Fund Budget shall be as follows: <br />2020 <br />Adopted <br />General Fund Revenues: <br />Property Taxes <br />$3,817,144 <br />Licenses and Permit <br />1,051,375 <br />Intergovernmental <br />281,830 <br />Charges for Services <br />630,950 <br />Fines and Forfeits <br />50,000 <br />Interest on Investments <br />WOW <br />Miscellaneous <br />259,731 <br />Total General Fund Revenues <br />$6,171,030 <br />General Fund Expenditures: <br />Personnel <br />$21296,295 <br />Materials and Supplies <br />324,238 <br />Charges and Services <br />2,449,452 <br />Capital Outlay <br />100,000 <br />Miscellaneous <br />45,199 <br />Transfers <br />958,847 <br />Total General Fund Expenditures <br />$6,171,030 <br />And the 2020 EDA Budget shall be as follows: <br />