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RES 2005-82 - 00013600RESOLUTION NO. 2005 - 82 A RESOLUTION ADOPTING THE FINAL BUDGET FOR THE FISCAL YEAR 2006 WHEREAS, Chapter 7, Section 7.04 of the City Charter provides that the City Manager shall prepare an annual budget; and WHEREAS, the City Manager has prepared such document and the City Council has met several times for the purpose of discussing the budget; and WHEREAS, Chapter 275.065, subd. 6 of Minnesota Statutes requires that the City shall hold a public hearing to adopt its final budget; and WHEREAS, the City Council has held a public hearing and has concluded the budget as prepared is appropriate; NOW THEREFORE, BE IT RESOLVED that the following final budget be adopted and approved ESTIMATED REVENUE APPROPRIATIONS GENERAL FUND Taxes Legislative: Current Ad Valorem $ 8,189,475 City Council $ 118,615 Deliquent, Penalties, City Management: Forfeited 48,000 General Management 268,723 Licenses and Permits Personnel 182,854 Licenses 241,800 Legal 366,046 Permits 538,590 Finance: Intergovernmental: Elections 34,218 Federal 3,200 Accounting 708,540 State- Assessing 179,381 All Other 574,468 MIS 266,707 Charges for Services: City Clerk/Records 142,376 General Government 921,500 Police: Public Safety 160,015 Police 4,559,752 Public Works 7,800 Civil Defense 19,297 Community Development 15,950 Fire: Recreation 221,200 Fire 1,175,625 Naturalist 0 Rental Inspections 131,255 Fines and Forfeits 180,000 Public Works: Special Assessments 4,540 Municipal Center 246,867 Interest on Investments 125,000 Engineering 510,368 Miscellaneous Revenues 199,900 Lighting 193,600 Other Financing Sources: Park Maintenance 947,184 Sales of General Fixed Assets 15,000 Street Maintenance 1,026,967 Liquor Fund 500,000 Garage 386,319 Closed Debt Service Fund 250,000 Recreation: Police Activity Fund 509,169 Recreation 830,803 Community Development TOTAL REVENUES AND OTHER Building Inspection 328,630 FINANCING SOURCES 12,705,607 Planning 371,428 Reserve: Fund Balance: Emergency 135,000 General Fund Reserve 483,921 Nondepartmental: 58,973 TOTAL GENERAL FUND $ 13,189,528 $13,189,528 Resolution No. 2005 -82 Page 2 SPECIAL REVENUE FUNDS Cable TV Fund $ 632,200 Cable TV Fund $ 313,760 Grant Management Fund 91,153 Grant Management Fund 91,156 Solid Waste Abatement Fund 298,077 Solid Waste Abatement Fund 327,499 Police Activity Fund 5,000 Police Activity Fund 509,169 Springbrook NC Fund 343,700 Springbrook NC Fund 327,095 Fund Balance 198,549 Fund Balance TOTAL SPECIAL REVENUE FUNDS $ 1,568,679 $ 1,568,679 CAPITAL PROJECTS FUND Capital Improvement Fund General Capital Improvement $ 90,000 General Capital Improvement $ 202,000 Streets Capital Improvement 2,189,551 Streets Capital Improvement 3,165,000 Parks Capital Improvement 164,312 Parks Capital Improvement 222,000 Fund Balance 1,145,137 TOTAL CAPITAL PROJECTS FUND $ 3,589,000 $ 3,589,000 AGENCY FUND Six Cities Watershed Fund Taxes - Current Ad Valorem 6,200 Six Cities Watershed 6,200 TOTAL AGENCY FUND $ 6,200 $ 6,200 TOTAL ALL FUNDS $ 18,353,407 $18,353,407 PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 12TH DAY OF DECEMBER 2005. Sco J. Lund, ATTEST: "aA Debra A. Skogen, Cit Jerk