RES 2007-79 - 00014445RESOLUTION NO. 2007 - 79
A RESOLUTION ADOPTING THE FINAL 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 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
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
Legislative
$ 8,571,572
City Council
City Management:
53,500
General Management
Human Resources
194,500
Legal
461,150
Finance:
Elections
7,000
Accounting
722,306
619,282
995,330
217,600
49,500
20,000
240,000
200,000
8,000
197,000
190,500
0
500,000
250,000
TOTAL REVENUES AND OTHER
FINANCING SOURCES 13,497,240
Fund Balance:
General Fund Reserve 861,453
TOTAL GENERAL FUND $14,358,693
APPROPRIATIONS
Assessing
MIS
City Clerk/Records
Police:
Police
Emergency Management
Fire:
Fire
Rental Inspections
Public Works:
Municipal Center
Engineering
Lighting
Park Maintenance
Street Maintenance
Garage
Recreation:
Recreation
Community Development
Building Inspection
Planning
Reserve:
Emergency
Nondepartmental:
$ 118,572
283,706
200,676
408,920
42,559
728,078
192,706
282,944
156,196
4,995,303
22,937
1,255,538
144,484
286,079
549,352
264,550
1,028,915
1,025,818
445,316
918,957
365,963
462,949
100,000
78,175
$14,358,693
Resolution No. 2007 -79 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
3,419,150
Streets Capital Improvement
3,476,000
Parks Capital Improvement
174,650
Parks Capital Improvement
212,000
Fund Balance
122,469
TOTAL CAPITAL PROJECTS
FUND
$ 3,728,700
$ 3,728,700
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 $19,186,359 19,186,359
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 10TH DAY
OF DECEMBER 2007.
SCOTT J. L - MA OR
ATTEST:
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