RES 2007-42 - 00014371RESOLUTION NO. 2007 - 42
A RESOLUTION ADOPTING THE PROPOSED BUDGET FOR THE FISCAL YEAR 2008
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 3, 2007 before determining a final
budget.
NOW THEREFORE, BE IT RESOLVED that the following proposed budget be adopted and approved:
ESTIMATED REVENUE
APPROPRIATIONS
GENERAL FUND
Taxes
Legislative:
Current Ad Valorem
$ 8,571,572
City Council
$ 118,572
Deliquent, Penalties,
City Management:
Forfeited
53,500
General Management
283,706
Licenses and Permits
Human Resources
200,676
Licenses
194,500
Legal
408,920
Permits
461,150
Finance:
Intergovernmental:
Elections
42,559
Federal
7,000
Accounting
728,078
State: Local Government Aid
722,306
Assessing
192,706
All Other
619,282
MIS
282,944
Charges for Services:
City Clerk/Records
156,196
General Government
995,330
Police:
Public Safety
217,600
Police
4,995,303
Public Works
49,500
Emergency Management
22,937
Community Development
20,000
Fire:
Recreation
240,000
Fire
1,255,538
Fines and Forfeits
200,000
Rental Inspections
144,484
Special Assessments
8,000
Public Works:
Interest on Investments
180,000
Municipal Center
286,079
Miscellaneous Revenues
207,500
Engineering
549,352
Other Financing Sources:
Lighting
264,550
Sales of General Fixed Assets
0
Park Maintenance
1,028,915
Liquor Fund
500,000
Street Maintenance
1,025,818
Closed Debt Service Fund
250,000
Garage
445,316
Recreation:
Recreation
918,957
Community Development
TOTAL REVENUES AND OTHER
Building Inspection
365,963
FINANCING SOURCES
13,497,240
Planning
447,949
Reserve:
Fund Balance:
Emergency
100,000
General Fund Reserve
826,953
Nondepartmental:
58,675
TOTAL GENERAL FUND
$ 14,324,193
$ 14,324,193
Resolution No. 2007 -42
Page 2
SPECIAL REVENUE FUNDS
Cable TV Fund
$ 257,800
Cable TV Fund
$ 153,201
Grant Management Fund
92,034
Grant Management Fund
92,034
Solid Waste Abatement Fund
473,908
Solid Waste Abatement Fund
473,908
Springbrook NC Fund
374,700
Springbrook NC Fund
373,623
Fund Balance
(105,676)
Fund Balance
TOTAL SPECIAL REVENUE FUNDS
$ 1,092,766
$ 1,092,766
CAPITAL PROJECTS FUND
Capital Improvement Fund
General Capital Improvement
$ 12,431
General Capital Improvement
$ 40,700
Streets Capital Improvement
2,649,169
Streets Capital Improvement
2,690,000
Parks Capital Improvement
174,650
Parks Capital Improvement
212,000
Fund Balance
106,450
TOTAL CAPITAL PROJECTS FUND
$ 2,942,700
$ 2,942,700
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
$ 18,365,859
$ 18,365,859
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 27th DAY
OF AUGUST 2007.
ScoTt J. Lund, Mayor
Attest:
"dAvosj
Debra A. Skogen, Q& Clerk