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CCA 12/7/1994 SPECIAL - 29299� � CE<:DEPARTMENT )F FRIDLEY TO: FROM: SUBJECT: DATE: MEMORAI�TDIJ � ;c�n°F ` RIDCEY .: ` [ RICHAR� D. PF FINANCE DIRECTOh WILLIAM W. BURNS, CITY MANAGER �b RICHARD D. PRIBYL, FINANCE DIRECTOR PAUL S. HANSEN, STAFF ACCOUNTANT PUBLIC HEARING ON THE 1995 BUDGET AND 16 MILLS LEVY November 21, 1994 Attached is a copy of the 1995 Truth in Taxation Budget Public Hearing Notice which appeared in the Fridley Focus on November 29, 1994. This information is required by the Department of Revenue and fulfills the requirements as set out in the Truth and Taxation Legislation. I have also provided a copy of the Public Hearing Notice required by the charter when levying a tax in excess of 16 mills. These public hearing notifications serve to fill two requirements for the City of Fridley; (1) to fulfill the Truth and Taxation requirement, and (2) levy what appears to be a tax levy in excess of 16 mills. As you recall, past legislation caused a shift in Local Govemmental Aids away from the cities and towards the school districts. Tl�is action caused the City to hold an additional Public Hearing for levying a tax which appears to be in excess of 16 mills. Due to formula change from mill le�ry to tax capacity rates it has been impossible to convert one to the other. So this public hearing notice satis�es the charter requirement that we hold a public hearing when we feel that we are levying in excess of 16 mills. This Public Hearing will differ from the usual public hearings we have, in that this hearing will have two topics; (1) the Public Hearing on the City of Fridley Budget, and (2) the Public Hearing to levy a tax which appears to be in excess of 16 mills. You might recall that the reasoning for this is that the main topic of the December 7th and December 19th Cotmcil Meetings is for consideration and approval of the budget. Prior to adjournment of the hearing the city must announce, the date, time and place for the adoption hearing which will be December 19th if a continuation hearing is not necessary. RDP/rne Attachment � Notice 4f Proposed Property T'axes The Fridley city council will hold a�public�hearing on its budget and on the amount of property taxes it is proposing to collect to pay for the costs� of services the city will provide in 1995. ., Attend the Public Hearing All Fridley residents are invited to attend the public hearing of the ciry council to express their opinions on the budget and on the proposed amount of property taxes on: �VEDNESDAY, DECEMBER 7, at 7:30 p.m. Fridley Municipal Center 6431 University Avenue NE Fridley 1A . PIIBLIC HEARING BEFORE THE CITY COIINCIL Notice is hereby given that there will be a Public Hearing of the Fridley City Council at the Fridley Municipal Center, 6431 University Avenue N.E., on December 7, 1994, at 7:30 p.m. for the purpose of consideration of the following resolution: A RESOLUTION DECLARING THE NECESSITY TO LEVY A TAX WHICH APPEARS TO BE IN EXCESS OF 16 MILLS AND CERTIFYING TAX LEVY REQUIREMENTS FOR 1995 TO THE COUNTY OF ANOKA FOR COLLECTION WHEREAS, Chapter Seven, Section 7.02 of the Charter of the City of Fridley, grants the City the power to raise money by taxation pursuant to the laws of the State of Minnesota; and WHEREAS, said Section 7.02 of the City Charter provides that if the taxes levied against property within the City exceeds 16 mills on each dollar of assessed valuation, that the Council shall adopt a resolution showing the necessity for such tax; and WHEREAS, the State of Minnesota has changed the method of computing taxes from "mill levy" to "tax capacity"; and WHEREAS, the State of Minnesota transferred state aid dollars from the city to the school districts to reduce school district taxes; and WHEREAS, in addition, the State of Minnesota reduced the amount of state aid dollars it had previously distributed to cities; and WHEREAS, the City of Fridley needs to levy taxes which appear to be in excess of 16 mills because of the reduction of local government aids by the State of Minnesota. NOW THEREFORE BE IT RESOLVED that the City Council of the City of Fridley pursuant to three (3) weeks published notice and public hearing on the 7th day of December, 1994, shall have the authority to levy a tax which may be in excess of 16 mills; and BE IT FURTHER RESOLVED that the City of County of Anoka, State of Minnesota, the levied in 1994 for the year 1995. : Fridley certify to the following tax levy to be . PUBLIC HEARING BEFORE THE CITY COUNCIL (continued) ` GENERAL FUND - General Fund $3,592,295 CAPITAL PROJECT FUND Capital Improvement Fund - Parks Division 72,689 AGENCY FUND Six Cities Watershed Management Organization 2,702 TOTAL ALL FUNDS $3,667,686 Any and all persons desiring to be heard shall be given an opportunity at the above stated time and place. WILLIAM J. NEE MAYOR Any questions related to this item may be referred to the Fridley Finance Department, 571-3450. Hearing impaired persons planning to attend who need an interpreter or other person with disabilities who require auxiliary aids should contact Roberta Collins at 572-3500 no later than November 23, 1994. 1C CITY OF FRIDLEY. PUBLIC NOTICE In conformance with Section 7.04 of the City Charter, the follwing city Manager's budget for fiscal year 1995 has been submitted to the City Council. The Public Hearing on the budget will be held on December 7, 1994 at 7:30 p.m. at the Fridley Municipal Center. GENERAI. FUND Taxes and Special Assessments: Current Ad Valorem De4inquent, Penalties, Forfeited Special Assessments Licenses and Permits: Licenses Permits Intergovernmental: Federal State - Homestead and Agriculture Credit Aid Local Govemment Aid A11 Other Charges for Services HRA Water Fund SewerFund Storm Water Fund Liquor Fund Cable N Fund Construction Funds Fines and Forfe"�ts Interest on Investrnents Miscellaneous Revenues Other Financing Sources: Employee Benefit Fund Closed Debt Service Fund Liquor Fund TOTAL REVENUES AND OTHER FINANCING SOURCES Fund Balance: General Fund Reserve TOTAL GENERAL FUND SPECIAL REVENUE FUNDS Cable N Fund Grant Management Fund Solid Waste Abatement Fund Housing Revitalization Fund Fund Balance ESTIMATED REVENUE $3,489,601 75,104 2,444 148,452 277,486 4,562 1,067,981 1,584,149 452,061 261,064 179,607 128,9�1 93.580 29.838 67,359 20,445 32,063 221 ,867 515,000 85,454 50,000 266,526 75.000 9,128,594 820,753 $9.949.347 $99.188 208 .201 231,754 250.000 28 , 294 TOTAL SPECIAL REVENUE FUNDS $817,437 CAPITAL PROJECTS FUNDS Capital Improvement Fund Taxes - Current Ad Valorem Interest on Investments Donatio�s State Aid Construction Fund Balance TOTAL CAPITAL PROJECTS FUNDS AGENCYFUND Six Cities Watershed Fund Taxes - Current Ad Valorem TOTAL AGENCY FUND TOTAL WILLIAM W. BURNS, CfTY MANAGER $8�,�50 341 .204 l0.QQ0 650.000 _ 22,746 $1,109,500 53.�00 �._$3. 500.- $11 879,784_. 1D Leg islative: City Council Pfanning Commissions Other Commissions City Management: General Management Personnel Legal Finance: Elections Accounting Assessing MIS City Clerk/Records Police: Police Civil Defense Fire: Public Works: Civic Center Engineering Lighting Park Maintenance Street Maintenance Recreation: Recreation Naturalist Community Development: Building Inspection Planning Reserve: Emergency Nondepartmental: General Capital Improvement Streets Capital Improvement Parks Capital Improvement APPROPRIATIONS $100,328 3,461 6,617 . 309,895 97,592 220,000 0 517,454 142,280 159,355 104,709 3,152,714 9,634 788,638 187,319 493,882 202,700 645,541 1,187,576 582,885 255,213 181,455 317,422 185,000 97,677 $9.949.347 $115,494 208,201 243,742 250,000 $817.437 S 181,000 766,000 162,500 $1,109, 500 $3,500 3 500 _ �1.,879,784_