Res 1996-123 00242
RESOLUTION NO. 123 - 1996
A RESOLUTION ADOPTING A BUDGET FOR. THE FISCAL YEAR 1997
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 $3,688,736 City Council $94,091
Delinquent, Penalties, Planning Commissions 2,032
Forfeited 119,613 Other Commissions 12,289
Special Assessments
Licenses and Permits:
1,890 City Management:
General Management 284,604
Licenses 150,012 Personnel 93,596
Permits 387,790 Legal 245,000
Intergovernmental: Finance:
Federal 4,847 Elections 0
State- Accounting 566,263
Homestead and Agriculture Assessing 119,575
Credit Aid 1,039,739 MIS 170,346
Local Government Aid 1,643,908 City Clerk/Records 109,517
Local Performance Aid 31,801 Police:
All Other 482,873 Police 3,195,146
Charges for Services 291,796 Civil Defense 9,850
HRA 244,737 Fire:
Water Fund 153,032 Fire 741,937
Sewer Fund 147,449 Rental Housing Inspections 96,089
Storm Water Fund 81,962 Public Works:
Liquor Fund 58,556 Municipal Center 195,265
Cable TV Fund 22,303 Engineering 450,271
Construction Funds 63,027 Lighting 192,700
Fines and Forfeits 188,460 Park Maintenance 690,738
Interest on Investments 350,000 Street Maintenance 1,182,067
Miscellaneous Revenues 149,292 Recreation:
Other Financing Sources: Recreation 602,638
Sales of General Fixed Assets 15,977 Naturalist 219,509
Closed Debt Service Fund 145,821 Community Development:
Liquor Fund 75,000 Building Inspection 217,534
TOTAL REVENUES AND OTHER _ Planning 369;021
FINANCING SOURCES 9,538,621 Reserve:
Emergency 100,000
Fund Balance: Nondepartmental: 69,627
General Fund Reserve 491,084
TOTAL GENERAL FUND $10,029,705 $10,029,705
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Page 2 -- Resolution No. 96 - 123
SPECIAL REVENUE FUNDS
Cable TV Fund $114,750 $140,486
Grant Management Fund 205,946 205,946
Solid Waste Abatement Fund 240,125 292,765
Housing Revitalization Fund 250,000 250,000
Fund Balance 78,376
TOTAL SPECIAL REVENUE FUNDS $889,197 $889,197
CAPITAL PROJECTS FUNDS
Capital Improvement Fund
Taxes-Current Ad Valorem $85,550 General Capital Improvement $1,685,464
Interest on Investments 265,925 Streets Capital Improvement 492,540
Donations 10,000 Parks Capital Improvement 279,600
State Aid Construction 500,000
Closed Debt Service Fund 1,588,464
Fund Balance 7,665
TOTAL CAPITAL PROJECTS FUNDS $2,457,604 $2,457,604
AGENCY FUND
Six Cities Watershed Fund
Taxes-Current Ad Valorem $3,911 $3,911
TOTAL AGENCY FUND $3,911 $3,911
TOTAL $13,380,417 $13,380,417
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 16TH DAY OF
DECEMBER, 1996.
;�'
WILLIAM J. N - MAYOR
ATTEST: /
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WILLIAM A. CHAMPA - CIT CLERK