RESO 25-118 - Adopting the 2026 Final Budget of the City's General FundRESOLUTION NO. 25-118
RESOLUTION ADOPTING THE 2026 BUDGET
OF THE GENERAL FUND
WHEREAS, this proposed 2026 operating budget resolution and the
accompanying proposed tax levies contained in Resolution No. 25-119 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 2026 General Fund Budget are hereby given final approval:
DEPARTMENT AMOUNT
Council & Boards $ 330,982
City Manager 1,083,285
Transfers Out 3,500,000
Finance 1,407,116
Legal Services 1,468,252
Insurance 475,000
Administrative Services 3,227,654
Communications 620,444
Police 8,564,963
Fire 2,744,161
Community Development 3,477,365
Public Works 6,540,885
Park and Recreation 1,787,348
Contingencies 200,000
TOTAL 2026 BUDGET $ 35,427,454
BE IT FURTHER RESOLVED by the City Council that the sources of financing
the sums appropriated shall be:
DESCRIPTION AMOUNT
Ad Valorem Taxes $ 30,409,199
Permits 2,163,650
Interfund Billing 865,000
Use of Fund Balance 591,000
Licenses 271,825
Rents 256,400
Charges for Services 251,850
Sales 200,500
Grants and Aid 188,280
Docusign Envelope ID: 6905271C-38A5-433D-8CC8-18BA21C5387D
Resolution No. 25-118 -2- December 2, 2025
Interest Earnings 175,000
Transfers 30,000
Fees 16,750
Contributions 6,000
Other Revenue 2,000
TOTAL 2026 BUDGET $ 35,427,454
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 on this 2 nd day of December,
2025.
_______________________________
Gillian Rosenquist, Mayor Pro Tempore
ATTEST:
________________________
Theresa J. Schyma, City Clerk
Docusign Envelope ID: 6905271C-38A5-433D-8CC8-18BA21C5387D