HomeMy WebLinkAbout#23 CC 9 15 15 2016 Prelim General Fund and Library Fund Levy (2)
MAYOR & COUNCIL COMMUNICATION
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DATE: September 15, 2015
REGULAR
ITEM #23
AGENDA ITEM: Approve 2016 Preliminary General Fund & Library Fund Annual Budget
and Tax Levy
SUBMITTED BY: Cathy Bendel, Finance Director
THROUGH: Cathy Bendel, Finance Director
REVIEWED BY: Finance Committee
SUGGESTED ORDER OF BUSINESS:
- Introduction of Item ..................................................................Finance Director
- Report/Presentation…………….…Finance Director/Finance Committee Chair
- Questions from Council to Staff ............................................. Mayor Facilitates
- Call for Motion ............................................................... Mayor & City Council
- Discussion ....................................................................... Mayor & City Council
- Action on Motion .................................................................... Mayor Facilitates POLICY RECOMMENDER: Finance Director and Finance Committee
FISCAL IMPACT: NA SUMMARY AND ACTION REQUESTED: Pursuant to State law regarding the adoption of
the Preliminary 2016 General Fund and Library Fund Levy, the City Council is asked to approve
the Preliminary 2016 Annual Budget and Levy for these two funds. It is recommended that the
City Council pass Resolution 2015-76, thereby approving the Preliminary 2016 General Fund and Library Fund Annual Budget’s and Levies by undertaking the following motion:
“Move to approve Resolution No. 2015-76 adopting the preliminary 2016 General Fund and
Library Fund Annual Budget’s and Levies”
City Council Meeting [Regular Agenda Item 23]
September 15, 2015
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BACKGROUND INFORMATION: The City of Lake Elmo has both the legal and fiduciary
authority and responsibility under Minnesota State Statute to adopt a Preliminary 2016 General
Levy. Typically the City Council adopts a Preliminary Annual Budget at the same time.
Following such adoption, the City Council may lower, but not raise the General and Library Levies and a final Levy and Budget must be adopted by December 31st, 2015
STAFF REPORT: At two Finance Committee meetings, on August 12, 2015 and September 9,
2015 the Finance Committee reviewed the in-depth budget and levy presentation for 2016 related to the General Fund. At the September 9, 2015 Library Board meeting, the Library Board reviewed an in-depth budget and levy presentation for 2016 related to the Library Fund.
After various discussions, the City Council is respectfully being asked that these Preliminary
Annual Budgets and Levies be adopted.
RECOMMENDATION: It is recommended that the City Council pass Resolution 2015-76,
thereby approving the Preliminary 2016 General Fund and Library Fund Annual Budget’s and
Levies by undertaking the following motion:
“Move to approve Resolution No. 2015-76 adopting the preliminary 2016 General Fund and
Library Fund Annual Budget’s and Levies”
ATTACHMENT:
1. Resolution No. 2015-76 2. Preliminary 2016 General Fund Budget
3. Preliminary 2016 Library Fund Budget
CITY OF LAKE ELMO
WASHINGTON COUNTY, MINNESOTA
RESOLUTION NO. 2015-76 RESOLUTION APPROVING PROPOSED 2015 TAX LEVY, COLLECTIBLE IN 2016
AND
PROPOSED 2016 BUDGET
WHEREAS, the City Council has conducted budget workshops and meetings to review the 2015
Tax Levy, collectible in 2016, and the proposed 2016 General Fund and 2016 Library Fund Budgets; and
WHEREAS, the City is required to adopt a proposed budget for payable 2016 and certify its proposed property tax levy payable in 2016.
BE IT RESOLVED that the City adopts the proposed 2016 General Fund and Library Fund
Budgets,
BE IT FURTHER RESOLVED by the Council of the City of Lake Elmo, County of
Washington, Minnesota that the following proposed sums of money be levied for the current year, collectible
in 2016, upon taxable property in the City of Lake Elmo, for the following purposes:
Total General Fund Levy $2,712,400 Total G.O. Debt Levy $ 664,541
Library Levy $ 256,957
Total Levy $3,633,898
BE IT FUTHER RESOLVED that the City Clerk is hereby instructed to transmit a certified copy of this resolution to the County Auditor of Washington County, Minnesota.
ADOPTED, by the Lake Elmo City Council on the 15th day of September, 2015.
______________________________ Mike Pearson
Mayor ATTEST:
__________________________________
Julie Johnson
City Clerk