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M:\MasterFiles\1999 thru 2010\2001\City Council\Council Packets\09-10-2001 Council\Item 07C--Reso 5619, Certifying Proposed General Fund Budget,Tax Levy for Year 2002.doc Item No.7C Type of Business: CA WK: Work Session; PH: Public Hearing; CA: Consent Agenda; CB: Council Business City of Mounds View Staff Report To: Honorable Mayor and City Council From: Kathleen Miller, City Administrator Item Title/Subject: Resolution No. 5619 Certifying the Proposed General Fund Budget and Tax Levy for Fiscal Year 2002 Date of Report: September 10, 2001 Background Although Truth in Taxation Hearing requirements have been waived for this fall, cities must still adopt a proposed 2002 levy and certify it to the county auditor by September 17, 2001. The Mounds View City Council reviewed this item at its work session on Monday, September 4, 2001 and directed staff to draft a resolution that certifies the proposed General Fund Budget and net Property Tax Levy for City Council consideration. The attached resolution includes a proposed net levy of $2,641,215; broken down that represents $58,613 for the 1997 Fire Bond and $2,582,602 for property tax. Truth in taxation law generally prohibits any subsequent increase in the proposed levy once it is certified to the county, but the final certified levy may be less than the proposed levy. The City Council further directed staff to work with the City Council to continue to balance the General Fund Budget for fiscal year 2002 and bring it back to the City Council for review at the November Work Session. Recommendation: Staff recommends the City Council approve Resolution No. 5619 Certifying the Proposed General Fund Budget and Tax Levy for Fiscal Year 2002. Respectfully Submitted, ___________________________ Kathleen F. Miller City Administrator