HomeMy WebLinkAbout2019-090CITY OF LADE ELMO
WASHINGTON COUNTY
STATE OF MINNESOTA
i1' 1 f 1 OLLECTIBLE In 20210
1
ADOPTING1 1 GENERAL FUND AND EDA BUDGETS
WHEREAS, The City of Lalfe 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 2020 General Fund Budget shall be as follows:
2020
Adopted
General Fund Revenues:
Property Taxes
$3,817,144
Licenses and Permit
1,051,375
Intergovernmental
281,830
Charges for Services
630,950
Fines and Forfeits
50,000
Interest on Investments
WOW
Miscellaneous
259,731
Total General Fund Revenues
$6,171,030
General Fund Expenditures:
Personnel
$21296,295
Materials and Supplies
324,238
Charges and Services
2,449,452
Capital Outlay
100,000
Miscellaneous
45,199
Transfers
958,847
Total General Fund Expenditures
$6,171,030
And the 2020 EDA Budget shall be as follows:
2020
Adopted
EDA Revenues:
Tenant Rents $74,451
Transfers 30,000
Total EDA Revenues $104,451
EDA Expenditures:
Materials and Supplies $5,100
Charges and Services 63,454
Miscellaneous 1,000
Debt Payments and Fiscal Fees 76,058
Total EDA Expenditures
BE IT FURTHER RESOLVED that the Public Hearing was held on Tuesday December
17, 2019 at 7:00 pan.; 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 2019, for collection
in 2020 upon the taxable property in said City of Lake Elmo for the following purposes:
2020
TAX CAPACITY BASED TAX LEVY FINAL LEVY
G.O. 1 m pr Bonds - Se ries 201 OA
57,151
G.O. Cap. Imp. Xover Ref Bnds - Series 2010E
206,908
G.O. Imp. Bonds - Series 201 1A
74,828
G.O. Imp. Bonds - Series 2012E
63,669
G.O. Imp. Bonds - Series 2014A
199,370
G.O. Im pr Bonds - So ries 2015A
21,543
G.O. Imp Bonds -Series 2016A
194,564
G.O. Imp. Bonds -Series 2017A
340,691
G.O.Equip. Cart Bonds - Series 2018A
128,996
G.O. Imp. Bonds -Series 2019A
124,786
Total Debt Levies
$1,412,506
General Fund $3,537,317
Total Levy $4,949,823
W41
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 format requested as required by law.
ADOPTED, y the Lake lmo City Council on the 17t" clay of December, 01
MikePearson
Mayor