94-1338 ORIG Concil File # 3
RESOLU Green Sheet #
CITYOFS IN T',_. w , , `
_`' ESO
Presented B a ..� Al, ` v
Referred To: �''Fi
i
� �— � = — ' . r mi ee: Date
/Ii.. _ •
1 WHEREAS, in accordance with Section 1) of the Ci 17 / 'S
ty •
. - - or Coleman •
2 the Mayor's Proposed Budget, with said re commended budge .. ' • , before
3 and Transfers Pr e Funds", and totali �1g $369 ent b to the City Coug out t " August
10,
4
,213,025, after netting out "Transfers To and Transfers subtracting
From Funds".
5 WHEREAS, the Mayor did recommend, a( part of his comprehensive 1995 Financing Plan for the City of Saint
6 the 1994 Net Property Tax Levy Payable in 1995 be $ His recommended Net Tax Le
7 distribution levies) is a 0% increase over tYe tax levy certified fo Budget, and is detailed r the Adopted 1994 City B' Paul, that
8 Levy (before i l e al disparities
9 sled as follows:
10
11 BUDGET +2.5% DELIQ. MAYOR'S REC.
12 REVUE ALLOWANCE
13 City Levy for City Operation T LEVY
14 City Levy for Debt Service
$19$64,923,597 $1,623,oso $66,546,687
15 City Levy: Port ty vy; ,029,661 -o- (a) $19,029,661
118 $1,309,180
17 TOTAL RECOMMENDED: $32,730 $1,341,910
6 City Levy: Port Auth y
108 541 12,711
$85,370,979 - 111255
19 $1,658,534 87,029,513
20 Less State Paid H.A.C.A. Payments to Reduce Gross Levy:
21 NET LEVY AFTER 1- .A.C.A. ADJUSTMENTS: 20,292,966
22
23 66, 736, 547
24 NOW THEREFORE, BE IT RESOLVED, That in accordance with Minnesota Statutes, Section 275.065 Subdivision
25 City Council after considering the Mayor's recommendations, but absent public hearings on the Mayor's bud e
26 does hereby accept the Budgets for Fiscal Y?ar 1995 as proposed by the Mayor, as constituting the Pro osed 1, the
27 for the City of Saint Paul; and be it further get proposal,
28 p Budgets
29 RESOLVED, that in accordance with the same referenced Statute, the City Council, after considering the Mayor's
30 recommendation for property tax levies, inchding the request of the Port Authority, does hereby certify to the R
31 County Auditor that the Proposed Maximum 'r y s
32 calculating the Truth — In— Taxation Notices to be mailed in November of 1994) asrfollowsPayable in 1995 (for use in
e y Taxes
33
34
35 GROSS CITY LEVY (Operations, Dot, and Port Authority):
36 LESS H.A.C.A. PAYMENTS:
37 NET CITY LEVY AFTER H.A.C.A. AC.UUSTMENT: $87,029,513
38 20 292 966
39 $66,736,547
40 and be it also RESOLVED, it is the intent of the Council that the maximum amount of fund balance from the General
Fund
41 to be used as financing source for the 1995 Ix dget shall not exceed $1,605,816, which is the amount recommended
42 by the Mayor, as it is extremely important to m 3intain adequate fund balance to provide for a fiscally sound City regards
in r
43 to budget and fund management; and be it finally RESOLVED, that the City Clerk is hereby directed to deliver a copy for use
44 this resolution to the Ramsey County Department of Taxation by September 15, 1994, asrequired by State Statute.
45 py of
46
47
48
49
Page 1 of 2
50 -Footnotes:
51 • (a) The City's debt service levy for ge eral obligation bonds is protected by a 5% 9 l i3''
52 Debt Service Fund, per Minnesota Stet tes 475.61; and this requires no allowance for anticipa Reserve within the General
anticipated delinquencies.
OR!G/NAL •
Page 2 of 2
inat � 1� Abseil - Abse -� Requested by Department of:
MM. 111 lerdeeP MIME 11.11111
111112281111111 IIIMIII MINN 1111101E11
Me!ard NUM MIME 111M1111
By: 4 7
i „AnligH1/ / /
alimml am. Mom Mum
A, .royal Recommended by Budget Director:
Adopted by Council: Date ,� _
Adoption Certified by Council Secretary: By. . •� � r�
By: Form Approved by City Attorne-
/
Approved • '= or: O ���✓ - - - - - - -
Otte ��j . ��
►� Approve. r
By: ��_ ll. _` �/ Mayor or • ssion to Council:
By, , _ • _� /
DEDE:RESOLUTIONS.WK1 Budget e 8/28/92
u JAR �9u` ! .. rs;:a" •`t `raY ■ �' 7 :3e .
q4 153
Ex6cutiveAdministration 8 -3 —94 GREEN SHEET No. 8921
CONT PERSON $ PHONE
fii DEPARTMENT DIRECTOR _ ,� _ � _ [33 cnnrc
Joseph Reid 266 -8553 [a CITY ATTORNEY
MUST BE ON COUNCIL BY (DATE) Eli BUDGET DIRECTOR 1,1j CITY CLERK
F.I. & LtOT. SERVE > r
Q MAYOR (OR ASSISTANT) d
TOTAL • OF SIONATURB PAGES i
CLIP ALL LOCATIONS FOR SPI ATURE) ; '
ACTION :. i :i ; °
Approval of Council Resolution adopting a minim ,. annual tax levy.
RECOMMENDATIONS: Approve (A) or Reieot (R) COUNCIL CON 9 ; ;�. t ; , I : R .4 4'
PLANNING COMMISSION CIVIL SERVICE CO 1 + SSION
CIS COMMITTEE COM : •
STAFF
DISTRICT COURT
SUPPORTS WHICH COUNCIL OBITEC TIVE?
INITIATIVE PROBLEM, ISSUE, OPPORTUNITY (Who. What, ' f,. Where, Why):
I
State law requires the City of Saint Paul to certify by ptember 15th a maximum annual tax levy. 'This maximum maned
tax levy cannot be exceeded (except under severe res 4. tions) when financing the General Fund and General Debt ervice ,
Service
ADVANTAGES IF APPROVED: 1
The City will be in compliance with State law.
DISADVANTAGES IF APPROVE:
None.
DISADVANTAGES OF NOT APPROVED:
City cannot levy taxes for Pay 1995 to finance its budge
TOTAL AMOUNT OF TRANSACTION COST/REVENUE BUDGETED (CIRCLE ONE) YES e
FUNDING SOURCE ACTIVITY NUMBER
( FINANCIAL INFORMATION: (EXPLAIN)
,
■IV