HomeMy WebLinkAbout12-13-1993 Public Hearing Budget and Tax Levy PacketMINUTES OF THE PUBLIC HEARING FOR THE 1994 BUDGET AND TAX LEVY
CITY OF ORONO
HELD DECEMBER 13, 1993
(#1) ROLL
The Council met on the above date with the following members present: Mayor Edward
Callahan, Counci I members J. Diann Goctlcn and Gabriel Jabbour. Councilmembers Hurr
and Kelley were absent. The following represented staff: City Administrator Ron Mtx>rse.
Finance Director Thomas Kuehn, Public Works Director John Gerhardson, and Recorder
Barbara Anderson. Mayor Callahan called the meeting to order at 7:18 p.m.
(#2) ADOPTION OF THE 1994 ANNUAL BtTXJET RESOLUTION
Moorse briefly reviewed the resolution adopting the 1994 budget.
It was moved by Mayor Callahan, seconded by Goetten, to adopt the 1994 Annual Budget
Resolution No. 3368 as submitted. Ayes 3. nays 0.
Moorse distributed a copy of the Debt Service Budget to the Council.
It was moved by Mayor Callahan, seconded by Jabbour. to adopt Resolution No. 3369. the
Debt Service Budget, as submitted. Ayes 3. nays 0.
(#3) ADOPTION OF THE 1994 TAX LEVY RESOLUTION
It was moved by Mayor Callahan, seconded by Goetten. to adopt Resolution No. 3367. the
Final 1993 Tax Levy Collectible in 1994, as submitted. Ayes 3. nays 0.
(#4) ADJOURNMENT
The meeting was adjourned at 7:24 p.m.
. I ■ // A
'Jward J. C^lahan.' Jr . Mavi
fI
r Hkllin. Cav Clerk
PUBLIC HXAItlilO
1994 BUDGET AMD TAX LEVY
DECENBEE 13, 1993
7tl5 P.M.
AGENDA
1.Roll Call
2. Adoption of 1994 Annual Budget and Tax Levy
3.Adjournment
4
a
PUBLIC MBARZNO
1994 BUDOIT AMD TAX LBVY
DBCBNBXR 13, 1993
7*15 P.M.
AGENDA
X'X
1. Roll Call
2. Adoption of 1994 Annual Budget Resolution
3. Adoption of 1994 Tax Levy Resolution
4. Adjournment
TO:
FROM:
Mayor and City Council
Ron Moorse, City Administrator
DATE:DecemLer 10, 1T93
SX7BJECT: Adoption cf 1994 Budget and Tax Levy
Attachments:1.
2 .
Resolution to Adopt the 1994 Annual Budget
Resolution to Adopt the 1994 Tax Levy
The proposed 1994 Budget reflects an effort to hold down all
general operating expenditures. The City's General Fund Budget,
which includes the general city services such as; Police, Fire,
Street Maintenance, Building Inspection, Planning and Zoning,
Recycling and General Finance and Administration has been held to
an increase of 6/lOths of 1% or $20,094 over the 1993 budget amount
of $3,132,572.
Although the General Fund expenditure increase has been limited to
.6% the General Fund Levy has increased by 5.2%. This is to off
set the elimination of a significant revenue source from the
General Fund. In past years the General Fund received a transfer
of interest revenue from the City's Building Fund. This revenue
will now remain in the Building Fund to be used to fund the debt
service on the City facilities bonds.
Tr.e tax levy required to fund the proposed 1994 Budget is
$1,976,636. This is an increase of $157,163 or 8%. In addition to
the 5.2% levy increase related to the General Fund Budget the other
components of the tax levy increase are two new levies tor debt
service on water and sewer bonds. One of these new levies is for
the Stubbs Bay sewer project bonds for which the city is paying 30%
and the Stubbs Bay property owners are paying 70%. This is also
the first year of a ^evy for the 1989 sewer and water proTect bonds
which provided sewer and water service to the area north of Highway
12 between North Brown Road and Old Crystal Bay Road. The levy is
to address a shortfall in funding for the debt service. The levy
is being initiated at this time to ensure sufficient funding for
the debt service without requiring a very large levy increase in
future years.
COUNCIL ACTION REQUESTSD ^ .
A. Motion to adopt a resolution approving the 1994 Annual Budget.
B. Motion to adopt a resolution approving the 1994 Tax Le’/y
A RESOLUTION TO ADOPT THE
1994 BUDGET
BE IT RESOLVED, by the City Council of the City of Orono, County of
Hennepin. Minnesota that the 1994 General Fund budget is determined to be as follows:
ESTIMATED REVENUES
Taxes • General
- Special Levy City Assessments
• Tax Abatements
Licenses and Permits
Intergovernmental
Charges for Services
Fines and Forfeib
Interest Income
Miscellaneous
Transfers From Other Funds
$1,617,960
4.358
10.847
122.000
457,563
809,453
66,000
30,000
21,400
13,085
TOTAL
APPROPRIATED EXPENDITURES
General Government
Public Safety
Street Maintenance
Parks and Recreation
Recycling Program
Engineering • Unallocated
Reimbursable Expenditures
Special Projects and Contingency
Transfers To Other Funds
$ 678,413
1,673,890
486,045
53,696
91.327
13,100
25.700
65,595
64,900
TOTAL
Ad^«p<^ Ote City Council of the City of Orono, Mil
held December 13. 1993*
>sota at a special
ATTEST:.Edward J. Callahan. Jr . Mayor
Dorolhv M. Hallin. Citv Clerk
ting
A RISOLUTION ADOPTZNO TRl PZHAL 1993
TAX LEVY COLLICTZBLX ZN 1994
BE ZT RESOLVED, by the City Council of the City of Orono,
County of Hennepin, Minnesota, that the following sums; as reduced by
HACA, be levied for the current year, collectible in 1994 upon the
taxable property in the City of Orono, for the following purposes:
General Fund $1,617,960
Special Assessments against City property
for the City's share of 1985 sanitary sewer
project (G.O. Sewer Imp Bond 1985) 4,358
Lost Tax Receipts Due to Abatements - 1992 10,847
TOTAL GENERAL FUND LEVY $1,633,165
G.O. SEWER IMPROVEMENT BOND 1992
0.0. Sewer Improvement Bond 1985
14,209
43,059
G.O. Sewer, Water, Street Improvement
Bond 1982
G.O. Water & Sewer Revenue Bond 1989
4,736
68,458
Bonds of Other Government Units
H.R.A. Building Bond 213,009
TOTAL DEBT LEVIES 343,471
TOTAL ALL LEVIES $1,976,636
The City Cler)c is hereby instructed to transmit a certified copy
of this resolution to the County Auditor of Hennepin County, Minnesota.
Adopted by the City Council of the City of Orono, Minnesota at
Q special meeting held December 13, 1993.
ATTEST:E<jward J. Callahan, Jr. , Mayor
borothy M. Hallin, City Clerk
I