23-104 (12-05) Adopting the 2024 Budget of the General Fund Budget
RESOLUTION NO. 23-104
RESOLUTION ADOPTING THE 2024 BUDGET
OF THE GENERAL FUND BUDGET
WHEREAS, in 2023, the staff presented a biennial budget cycle with a proposed
2024 current budget year and a 2025 “in concept” budget proposal; and
WHEREAS, in 2024, the benefit earning employees of the City of Golden Valley
receive the dollar amount of the City's contribution for benefits of $1,652.10 per month
effective January 1, 2024. 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 2024, 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 $1,652.10 per month plus 2% of monthly salary on January 1, 202 4. 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 2024, Employees who successfully participated in the City
wellness program in 2023 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 2024, all City of Golden Valley non-union employees will receive
3% increase in wages and salaries starting January 1, and
WHEREAS, this proposed 2024 operating budget resolution and the
accompanying proposed tax levies contained in Resolution No. 23-105 are submitted by
the City in accordance with Minnesota Statutes and other applicable laws in effect on
this date; and
BE IT RESOLVED by the City Council of the City of Golden Valley, Minnesota,
that the 2024 General Fund Budget are hereby given final approval.
DocuSign Envelope ID: 8B615DDF-95D5-4A86-BDF1-39DE89891AF5
DIVISION DESCRIPTION AMOUNT
001 Council $314,920
003 City Manager 2,034,895
004 Transfers Out 3,375,000
005 Administrative Services 1,457,800
006 Legal Services 775,795
007
008
009
Risk Management
Human Resources
Communications
380,000
828,030
462,695
011 Building Operations 992,560
016 Planning 523,380
018 Inspections 1,015,405
022 Police 8,393,560
023 Fire 2,318,220
035 Community Development 374,135
036 Engineering 697,635
037 Streets 2,893,675
066 Park and Recreation
Administration
1,084,010
067 Park Maintenance 1,744,915
068
Park and Recreation
Programs
444,060
TOTAL 2024 BUDGET $30,110,690
BE IT RESOLVED by the City Council that the sources of financing the
sums appropriated shall be:
DESCRIPTION
AMOUNT
Ad Valorem Taxes $26,613,525
Licenses 238,805
Permits 1,363,650
Fed/State Aid/County
Grants
39,280
Charges for Services 1,426,690
Fines and Forfeitures 76,640
Interest on Investments 125,000
Miscellaneous Revenue 197,100
Transfers In 30,000
TOTAL 2024 BUDGET $30,110,690
DocuSign Envelope ID: 8B615DDF-95D5-4A86-BDF1-39DE89891AF5
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 of Golden Valley City Council this 5th day of December, 2023.
__________________________
Shepard M. Harris, Mayor
ATTEST:
_____________________________
Theresa J. Schyma, City Clerk
DocuSign Envelope ID: 8B615DDF-95D5-4A86-BDF1-39DE89891AF5