22-109 (12-06) Adopt 2023 Budget General Fund BudgetDocuSign Envelope ID: G8A4bbtb-tuAV-45zu-ubcA-4IbA404IOaus
RESOLUTION NO.22-109
RESOLUTION ADOPTING THE 2023 BUDGET OF THE GENERAL FUND BUDGET
WHEREAS, in 2023, the staff presented a biennial budget cycle with a proposed 2023
current budget year and a 2024 "in concept" budget proposal; and
WHEREAS, in 2023, the benefit earning employees of the City of Golden Valley receive the dollar
amount of the City's contribution for benefits of $1,538.35 per month effective January 1, 2023. The City
will also pay the cost of group term life IRS maximum non-taxable level and group long term disability
insurance for those employees, and
WHEREAS, in 2022, the benefit earning employees of the City of Golden Valley that were classified
under Management Team and/or Division Head/Supervisor categories who have been appointed in such
designated positions prior to May 1, 2011 will be $1,559.35 per month plus 2% of monthly salary on Januar}
1, 2023. The City will also pay the cost of group term life IRS maximum non-taxable level and group long
term disability insurance for those employees, and
WHEREAS, in 2023, Employees who successfully participated in the City wellness program in 2022
will receive an additional $20.00 per month in the City's contribution towards benefits, and
WHEREAS, Employee service awards are outlined in the Public Purpose Expenditure Policy and shall
be considered compensation with IRS regulations, and
WHEREAS, in 2023, all City of Golden Valley non -union employees will receive 3% increase in wages
and salaries starting January 1, and
WHEREAS, this proposed 2023 operating budget resolution and the accompanying proposed tax
levies contained in Resolution No. 22-110 are submitted by the City in accordance with Minnesota Statutes
and other applicable laws in effect on this date.
NOW, THEREFORE BE IT RESOLVED, by the City Council of the City of Golden Valley, Minnesota, that
the 2023 General Fund Budget are hereby given final approval.
DIVISION
DESCRIPTION
AMOUNT
001
Council
$478,805
003
City Manager
1,493,715
004
Transfers Out
3,200,000
005
Administrative Services
2,700,435
006
Legal Services
482,395
007
Risk Management
370,000
011
Building Operations
872,100
016
Planning
401,220
018
Inspections
917,025
022
Police
7,705,215
DocuSign Envelope ID:(;8A4bbtb-tDAV-45Zu-ubLH-4"1bA404 ia.sk.s
023
Fire
2,184,600
035
Community Development
357,855
036
Engineering
707,665
037
Streets
2,808,670
066
Park and Recreation Administration
1,016,125
067
Park Maintenance
1,536,370
068
Park and Recreation Programs
437,015
099
Contingencies
200,000
TOTAL 2023 BUDGET $27,869.210
BE IT FURTHER RESOLVED by the City Council that the sources of financing the sums
appropriated shall be:
DESCRIPTION AMOUNT
Ad Valorem Taxes
$24,843,020
Licenses
231,555
Permits
988,650
Fed/State Aid/County Grants
99,280
Charges for Services
1,279,445
Fines and Forfeitures
76,640
Interest on Investments
125,000
Miscellaneous Revenue
169,900
Transfers In
30,000
TOTAL 2023 BUDGET $27,869,210
BE IT FURTHER RESOLVED, that the City Council declares its intent to take all necessary
actions legally permissible to the submission and approval of the City's budget and property tax
levies both proposed and final.
Adopted by the City Council of Golden Valley, Minnesota this 6th day of December 2022.
DocuSigned by: t
S( ttay��, RaM)
Shep ar arris, Mayor
ATTEST:
DocuSigned by:
F
Sew
Theresa J. Schyma, City Clerk