HomeMy WebLinkAbout2023-123CITY OF LAKE ELMO
WASHINGTON COUNTY
STATE OF MINNESOTA
RESOLUTION NO.2023-123
RESOLUTION ADOPTING THE
2024 GENERAL FUND BUDGET AND SETTING THE 2024 PROPERTY TAX LEVY
WHEREAS, The City of Lake 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 2024 General Fund Budget shall be as follows:
2024
Adopted
General Fund Revenues:
Property Taxes
$ 5,998,212
Licenses and Permit
933,580
Intergovernmental
269,555
Charges for Services
617,000
Fines and Forfeits
30,000
Interest on Investments
80,000
Miscellaneous
210,903
Total General Fund Revenues
$ 8,139,250
General Fund Expenditures:
Personnel
$3,432,290
Materials and Supplies
322,830
Charges and Services
3,181,813
Capital Outlay
405,000
Miscellaneous
128,588
Transfers
250,000
Contingency Reserve
35,000
Total General Fund Expenditures
$ 8,139,250
BE IT FURTHER RESOLVED that the Public Hearing was held on Tuesday December
5, 2023 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 for collection in 2024
upon the taxable property in said City of Lake Elmo for the following purposes:
2024 Levy
General Lev
$ 5,998,212
Debt Service Levy
2,923,830
TOTAL LEVY
$ 8,922,042
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 format requested as required by law.
ADOPTED, by the Lake Elmo City Council on the 5th day of December, 2023.
I
Charles Cadenhead
Mayor
ATTEST:
Juli J hnson
City Clerk