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� <br /> - - ,� <br /> � O� <br /> • O � O <br /> g CITY of ORONO <br /> ,� -- ,. � <br /> , ti <br /> �� G~' RESOLUTtON OF THE CITY COUNCIL <br /> ��kES�I04� � NO. a� O � � <br /> 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 the <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 Cit�-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 /> GENER.AL FUND <br /> ESTIMATED REVENUES <br /> Taxes-General $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 of 2 <br /> • <br />