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RES 2006-50 - 00014162RESOLUTION NO. 2006 - 50 A RESOLUTION ADOPTING THE PROPOSED BUDGET FOR THE FISCAL YEAR 2007 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 will hold a public hearing on December 4, 2006 before determining a final budget. NOW THEREFORE, BE IT RESOLVED that the following proposed budget be adopted and approved ESTIMATED REVENUE GENERAL FUND Taxes Current Ad Valorem Deliquent, Penalties Forfeited Licenses and Permits Licenses Permits Intergovernmental: Federal State: Local Government Aid All Other Charges for Services: General Government Public Safety Public Works Community Development Recreation Fines and Forfeits Special Assessments Interest on Investments Miscellaneous Revenues Other Financing Sources: Sales of General Fixed Assets Liquor Fund Closed Debt Service Fund Police Activity Fund TOTAL REVENUES AND OTHER FINANCING SOURCES Fund Balance: General Fund Reserve TOTAL GENERAL FUND $ 8,432,907 38,000 160,500 505,900 8,500 382,341 611,972 943,490 213,500 10,000 22,700 233,000 180,000 4,000 124,000 230,500 0 500,000 250,000 190,000 13,041,310 641,682 $13,682,992 APPROPRIATIONS Legislative City Council $ 121,664 City Management: General Management 281,766 Human Resources 188,792 Legal 386,604 Finance: Elections 1,750 Accounting 744,493 Assessing 181,701 MIS 279,658 City Clerk/Records 147,939 Police: Police 4,742,996 Civil Defense 21,244 Fire: Fire 1,240,433 Rental Inspections 144,909 Public Works: Municipal Center 275,897 Engineering 529,473 Lighting 218,500 Park Maintenance 979,357 Street Maintenance 1,047,922 Garage 426,042 Recreation: Recreation 884,965 Community Development Building Inspection 349,303 Planning 387,576 Reserve: Emergency 50,000 Nondepartmental: 50,008 $13,682,992 Resolution No. 2006 -50 Page 2 SPECIAL REVENUE FUNDS Cable TV Fund $ 193,735 Cable TV Fund $ 181,973 Grant Management Fund 92,547 Grant Management Fund 92,547 Solid Waste Abatement Fund 406,742 Solid Waste Abatement Fund 449,843 Police Activity Fund 5,955 Police Activity Fund 190,000 Springbrook NC Fund 365,600 Springbrook NC Fund 354,131 Fund Balance 203,915 Fund Balance TOTAL SPECIAL REVENUE FUNDS $1,268,494 $1,268,494 CAPITAL PROJECTS FUND Capital Improvement Fund General Capital Improvement $ 0 General Capital Improvement $ 140,000 Streets Capital Improvement 2,569,546 Streets Capital Improvement 2,590,000 Parks Capital Improvement 172,110 Parks Capital Improvement 209,000 Fund Balance 197,344 TOTAL CAPITAL PROJECTS FUND $ 2,939,000 $2,939,000 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 $17,896,686 $17,896,686 PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 28TH DAY OF AUGUST 2006. CO � ' I MA ATTEST: "dA*o�)_ DEBRA A. SKOGEN,67ITY CLERK