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A RESOLUTION TO ADOPT THE PROPOSED 2004 GENERAL FUND BUDGET <br />WHEREAS, at a regular meeting held on September 8,2003, the City Council of Uie <br />City of Orono adopted Resolution No. 5042, establishing the Proposed 2004 General Fund <br />Budget, and; <br />WHEREAS, due to a misinterpretation of the overall levy limitation amount for taxes <br />collectible in 2004, Resolution No. 5042 included an incorrect amount for the General Fund tax <br />levy to be collectible in 2004, and; <br />WHEREAS, to correct the 2004 General Fund budgeted revenues it is necessary to <br />rescind Resolution No. 5042. <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Orono, <br />County of Hennepin, Minnesota, that Resolution No. 5042 is hereby rescinded. <br />BE IT FURTHER RESOLVED that the proposed General Fund budget is determined <br />to be as follows: <br />GENERAL FUND <br />ESTIMATED REVENUES <br />Ta.\es-Gcneral $2,651,230 <br />Market Value Credit Lost to State of Minnesota (54,410) <br />Special Assessments — <br />Licenses and Permits 367,600 <br />Intergovernmental 206,020 <br />Charges for Services 1,358,190 <br />Fines and Forfeits 96,500 <br />Interest Income 41,000 <br />Miscellaneous 19,660 <br />Transfers From Other Funds — <br />Total Revenues and Other Financing Sources $4,685,790 <br />Page 1 of2 <br />• 11 a. irV <br />Ilk. <br />* ? <br />1 <br />MM