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CITY OF LAKE ELMO <br />WASHINGTON COUNTY <br />STATE OF MINNESOTA <br />RESOLUTION NO.2023-123 <br />RESOLUTION ADOPTING THE <br />2024 GENERAL FUND BUDGET AND SETTING THE 2024 PROPERTY TAX LEVY <br />WHEREAS, The City of Lake 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 2024 General Fund Budget shall be as follows: <br />2024 <br />Adopted <br />General Fund Revenues: <br />Property Taxes <br />$ 5,998,212 <br />Licenses and Permit <br />933,580 <br />Intergovernmental <br />269,555 <br />Charges for Services <br />617,000 <br />Fines and Forfeits <br />30,000 <br />Interest on Investments <br />80,000 <br />Miscellaneous <br />210,903 <br />Total General Fund Revenues <br />$ 8,139,250 <br />General Fund Expenditures: <br />Personnel <br />$3,432,290 <br />Materials and Supplies <br />322,830 <br />Charges and Services <br />3,181,813 <br />Capital Outlay <br />405,000 <br />Miscellaneous <br />128,588 <br />Transfers <br />250,000 <br />Contingency Reserve <br />35,000 <br />Total General Fund Expenditures <br />$ 8,139,250 <br />BE IT FURTHER RESOLVED that the Public Hearing was held on Tuesday December <br />5, 2023 at 7:00 p.m.; and <br />