Res 2002-74 RESOLUTION NO. 74 -2002
A RESOLUTION ADOPTING THE FINAL BUDGET
FOR THE FISCAL YEAR 2003
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, Section 065 of Minnesota Statutes requires that the City shall hold a public
hearing to adopt a 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 budget be adopted and approved
ESTIMATED REVENUE APPROPRIATIONS
GENERAL FUND
Taxes Legislative:
Current Ad Valorem $5,716,590 City Council $ 135,446
Deliquent,Penalties, Planning Commissions 994
Forfeited 27,000 Other Commissions 2,645
Licenses and Permits City Management:
Licenses 202,100 General Management 299,832
Permits 220,700 Personnel 152,034
Intergovernmental: Legal 314,018
Federal 4,000 Finance:
State- Elections 1,230
Local Government Aid 2,045,663 Accounting 676,896
All Other 593,282 Assessing 155,995
Charges for Services: MIS 258,247
General Government 898,570 City Clerk/Records 173,825
Public Safety 155,450 Police:
Conservation of Health 4,900 Police 3,991,446
Recreation 277,600 Civil Defense 15,687
Fines and Forfeits 190,500 Fire:
Special Assessments 7,800 Fire 1,038,319
Interest on Investments 400,000 Rental Inspections 126,560
Miscellaneous Revenues 127,730 Public Works:
Other Financing Sources: Municipal Center 254,175
Sales of General Fixed
Assets 35,000 Engineering 541,014
Liquor Fund 450,000 Lighting 203,600
Closed Debt Service Fund 232,900 Park Maintenance 965,038
Employee Benefit Fund 20,000 Street Maintenance 1,379,486
Police Activity Fund 345,195
Resolution No.74-2002 Page 2
Recreation:
Recreation 943,812
TOTAL REVENUES AND OTHER Naturalist 303,431
FINANCING SOURCES 11,954,980 Community Development
Building Inspection 300,005
Planning 462,142
Fund Balance: Reserve:
General Fund Reserve 928,931 Emergency 100,000
Nondepartmental: 88,034
TOTAL GENERAL FUND $12,883,911 $12,883,911
SPECIAL REVENUE FUNDS
Cable TV Fund $191,830 $127,400
Grant Management Fund 240,363 190,636
Solid Waste Abatement Fund 291,160 322,865
Housing Revitialization Fund 0 250,000
Police Activity Fund 63,000 345,195
Fund Balance 449.743
TOTAL SPECIAL REVENUE
FUNDS $1,236,096 $1,236,096
CAPITAL PROJECTS FUND
Capital Improvement Fund
Taxes-Current Ad Valorem $94,165 General Capital Improvement $105,000
Interest on Investments 245,000 Streets Capital Improvement 192,000
Park Fees 30,000 Parks Capital Improvement 153,100
Storm Water Fund 100,000
Fund Balance (19,065)
TOTAL CAPITAL PROJECTS
FUND $450,100 $450,100
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 $14,576,307 $14,576,307
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 16TH DAY
OF DECEMBER 2002.
Wi - ,
A
SCO I, •YOR
ATTEST:
D BRA A. SKOGE CITY CLERK