HomeMy WebLinkAboutResolution 3681 _� . __.. _.�-.. .... ..� _ ..... ._ .. . . .:
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'�' RESOLUTION OF THE CITY COUNCIL
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A RESOLUTION TO AMEND THE ,
1996 DEBT SERVICE BUDGET
BE IT RESOLVED, by the City Council of�the City of Orono,
County of Hennepin, Minnesota that the 1996 Debt Service budget
adopted by Resolution #3648 on December 11, 1995 is hereby amended
to be as fol7.ows :
1982 1995
Im�rove Refunding
Estimated Revenues Bonds Bonds
Taxes $ 4, 500 $46, 000
Special Assessments - - 16, 690
Interest Income 2, 000 14, 550
Use of Fund Balance 14 , 186 � - -
TOTAL Revenues � 20 , 686 $77 , 240
Approi�riated Expenditure
• Debt Service $ 20, 506 $46, 070
Other 180 1 , 330
TOTAL Expenditures $ 20 , 686 $�7 . 400 �
1991
1989 Public Facil :19°2
Revenue Revenue Improve
Estimated Revenues Bonds Bonds Bonds
Taxes $ 90, 000 $228,400 $ 24, 000 �
Special Assessments 73 , 980 - - 103 , 755
Intergovernmental - - 35, �?42 -
Interest Income - - 24, 515 43 , 000
Sewer Operations 34 , 806 - - - -
Transfers From Other Funds - - 130, 000 - -
Bond Proceeds Held in Escrow 1, 550 , 000 - - - -
Use of Fund Balance 106 , 870 - - 15 . 130
TOTAL Revenues $1, 855 , 656 $418 , 357 $185 , 8£35
ApAropriated Ex�enditure
Debt Service $303 , 031 $404, 515 $183 , 145
Called Londs . 1, 550, 000 . - - - -
Other 2 , 625 - - 2 , 740
TOTAL Expenditures $1 855 , 656 $404 , 515 $185 , 885
Adopted by the City Council of the City of Oronc, Minnesota at
a regular meeting held February 12, 19 6 . � � 1
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• A TEST.: :�_ �J � ,� /,�"'.
• E�ward J. �f al la an, Jr.. /iMayor
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0 othy M. allin, City Clerk lZO'95.2