Res 1997-116 00202
RESOLUTION NO. 116- 1997
A RESOLUTION ADOPTING A BUDGET FOR THE FISCAL YEAR 1998
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 and Special Assessments: Legislative:
Current Ad Valorem $3,825,521 City Council $94,659
Delinquent, Penalties, Planning Commissions 1,889
Forfeited 63,898 Other Commissions 10,796
Special Assessments 928 City Management:
Licenses and Permits: General Management 283,460
Licenses 183,511 Personnel 96,422
Permits 433,216 Legal 253,000
Intergovernmental: Finance:
Federal 6,713 Elections 27,146
State- Accounting 571,577
Homestead and Agriculture Assessing 123,242
Credit Aid 1,039,739 MIS 164,591
Local Government Aid 1,677,068 City Clerk/Records 109,275
Local Performance Aid 37,466 Police:
All Other 528,016 Police 3,290,101
Charges for Services 365,636 Civil Defense 10,145
HRA 252,079 Fire:
Water Fund 157,623 Fire 762,089
Sewer Fund 151,872 Rental Housing Inspections 90,866
Storm Water Fund 84,421 Public Works:
Liquor Fund 60,312 Municipal Center 200,944
Cable TV Fund 22,972 Engineering 441,972
Construction Funds 45,502 Lighting 195,795
Fines and Forfeits 181,083 Park Maintenance 695,912
Interest on Investments 362,120 Street Maintenance 1,163,601
Miscellaneous Revenues 148,010 Recreation:
Other Financing Sources: Recreation 674,741
Sales of General Fixed Assets 11,121 Naturalist 232,647
Closed Debt Service Fund 232,902 Community Development:
Liquor Fund 140,000 Building Inspection 231,784
TOTAL REVENUES AND OTHER Planning 392,474
FINANCING SOURCES 10,011,729 Reserve:
Emergency 100,000
Fund Balance: Nondepartmental: 69,408
General Fund Reserve 276,807
TOTAL GENERAL FUND $10,288,536 $10,288,536
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Page 2— Resolution No. 116- 1997
SPECIAL REVENUE FUNDS
Cable TV Fund $120,500 $137,330
Grant Management Fund 254,264 254,264
Solid Waste Abatement Fund 398,126 414,452
Housing Revitalization Fund 250,000 250,000
Fund Balance 33,156
TOTAL SPECIAL REVENUE FUNDS $1,056,046 $1,056,046
CAPITAL PROJECTS FUNDS
Capital Improvement Fund
Taxes-Current Ad Valorem $85,550 General Capital Improvement $280,000
Interest on Investments 353,150 Streets Capital Improvement 483,737
Donations 10,000 Parks Capital Improvement 268,735
Fund Balance 583,772
TOTAL CAPITAL PROJECTS FUNDS $1,032,472 $1,032,472
AGENCY FUND
Six Cities Watershed Fund
Taxes-Current Ad Valorem $7,822 $7,822
TOTAL AGENCY FUND $7,822 $7,822
TOTAL $12,384,876 $12,384,876
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 8TH
DAY OF DECEMBER, 1997.
IA, CY if •"G /S•`i - MAYOR
ATTEST:
WILLIAM A. CHAMPA- CITY' LERK