HomeMy WebLinkAbout2018-136#
RN WIN I # #
RESOLUTION NO.2018-136
RESOLUTION A#► 118 TAX LE VY COLLECTIBLE IN 2019
1
ADOPTING THE 2018AND EDA BUDGETS
WHEREAS, The City of Labe Elmo is required by State law to approve a resolution
setting forth an annual property tax levy to the Washington County Auditor; and
WHEREAS, Minnesota Statutes currently in force require approval of a property tax levy
and a budget in December of each year; and
WHEREAS, the City Council has received the budget documents;
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Lake Elmo,
that the 2019 General Fund Budget shall be as follows:
2019
Adopted
General Fund Revenues:
Property Taxes
$3,193,626
Licenses and Permit
1,056,900
Intergovernmental
267,835
Charges for Services
626,600
Fines and Forfeits
49,000
Interest on Investments
409000
Miscellaneous
233,048
Total General Fund Revenues
$5,467,009
General Fund Expenditures:
Personnel
$2,169,209
Materials and Supplies
238,876
Charges and Services
2,428,410
Capital Outlay
99,000
Miscellaneous
13,791
Transfers
637,935
Contingency
Total General Fund Expenditures
gn3,788
$5,591,009
And the 2019 EDA Budget shall be as follows:
2019
Adopted
EDA Revenues. -
Tenant Rents $108,852
Transfers 3000
Total EDA Revenues $138,852
Materials and Supplies $59100
Charges and Services 56,305
Miscellaneous 1,000
Debt Payments and Fiscal Fees 44,038
Total EDA Expenditures $106,443
BE IT FURTHER RESOLVED that the Public Hearing was held on Tuesday December
41 2018 at 7:00 p.m.; and
BE IT FURTHER RESOLVED that the City Council of the City of Lake Elmo,
Washington County, Minnesota, that the following sums of money be levied in 2018, for collection
in 2019 upon the taxable property in said City of Lake Elmo for the following purposes:
2019
FINAL
. . ..... .. ... ..
4AX CAPACITY BASED TAX LEVY
LEVY
General Fund
s. $2,963,
I GO. hiip. Bonds - Series 2009B
43,580
Bonds - Series 2010A
59,356
AGO. Cap. Imp. Xover Ref. Bonds - Series 2010B
2059891
[P.O. hnp, Bonds - Series 201 1A
J-76,719
tG.O._Pnp: Bonds - Series 2012E
65,275
G.O. hW. Bonds - Series 2014A
203,885
G.O. Imp. Bonds - Series 20 1 SA
3 25,113
G.O. Imp. Bonds - Series 2016A
189,419
G.O. Imp, Bonds - Series 2017A
346,598
TOTAL LEVY:
$4J79,839�
And
BE IT FURTHER RESOLVED that the Finance Director is hereby authorized and
directed to transmit this information to the County Auditor of Washington County, Minnesota and
the Minnesota Department of Revenue, if applicable, in the fon-nat requested as required by law.
ADOPTED, by the take Elmo City Council on the 4th day of December, 2018.
}
Mike Pearson
Mayor
ATTEST:
19