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Finance Department
763-593-8013/763-593-8109(fax)
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Executive Summary Far Action
Golden Valley City Council Meeting
December 4, 2012
Agenda Item
4. A. Public Hearing- Adoption of 2012 Property Tax Levy Payable 2013 and 2013-2014 General
Fund Budget
Prepared By
Sue Virnig, Finance Director
Summary
At this meeting, City Counci) will consider the resolution adopting the 2012 property tax levy
and the 2013 General Fund budget. The 2014 budget is for future planning purposes and is
approved "in concept" only. Staff will present an overview of the 2013-2014 budget process.
The 2013-2014 Proposed General Fund Budget is located on the city website at
http://www.�oldenvallevmn.�ov/bud�et/index.php
Attachments
Resolution Adopting the 2012 Property Tax Levies for Taxes Payable 2013 (1 page)
Resolution Adopting the 2013 Budget of the General Fund Budget (2 pages)
2013-2014 Proposed General Fund Budget (distributed previously)
Recommended Action
Motion to adopt Resolution Adopting the 2012 Property Tax Levies for Taxes Payable 2013.
Motion to adopt Resolution Adopting the 2013 Budget of the General Fund Budget.
Resolution 12-95 December 4, 2012
Member introduced the following resolutian and moved its adoption:
RESOLUTION ADOPTING THE 2012 PROPERTY TAX LEVIES '
FOR TAXES PAYABLE 2013 '
WHEREAS, the City Council has approved for the fiscal year commencing January '
1, 2013; and
WHEREAS, the proposed budgets require monies to be raised from property taxes
on taxable property in the City of Golden Valley; and '
NOW, THEREFORE, BE IT RESOLVED, by the City Council, that the following '
sums of money be raised by property tax on taxable property in the City of Golden Valley ',
for taxes payable in 2013 as set out in the 2013-2014 adopted City budgets are hereby '
levied; '
BE IT FURTHER RESOLVED by the City Council of the City of Golden Valley,
Minnesota, that the 2013 General Fund Budget are hereby given final approval.
PURPOSE TAX LEVY
General Fund $12,218,066
SPECIAL LEVIES:
Tax Abatement Levy 300,000
Certificate of Indebtedness 738,016
Bonded Indebtedness 3,688,150
TOTAL LEVIES $16,944�232
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.
Shepard M. Harris, Mayor
ATTEST:
Susan M. Virnig, City Clerk
The mation for the adoption of the foregoing resolution was seconded by Member
and upon a vote being taken thereon, the following voted in favor thereof:
and the following voted against the same:
whereupon said resolution was declared duly passed and adopted, signed by the Mayor
and his signature attested by the City Clerk.
Resolution 12-96 December 4, 2012
Member introduced the following resolution and moved its adoption:
RESOLUTlON ADOPTING THE 2013 BUDGET
OF THE GENERAL FUND BUDGET
WHEREAS, in 2012, the staff presented a biennial budget cycle with a proposed
2013 current budget year and a 2014 "in concept" budget proposal; and
WHEREAS, this proposed 2013 operating budget resolution and the accompanying
proposed tax levies contained in Resolution 12-95 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 2013 General Fund Budget are hereby given final approval.
DIVISION
DESCRIPTION AMOUNT
001 Council $286,185
003 City Manager 729,810
004 Transfers Out 444,710
005 Administrative Services 1,594,515
006 Legal Services 135,000
007 Risk Management 300,000
011 Building Operations 525,990
016 Planning 323,750
022 Police 4,862,455
023 Fire 1,591,200
035 Public Works Administration 321,545
036 Engineering 668,745
037 Streets 1,385,115
065 Community Centers 72,910
066 Park and Recreation Administration 665,465
067 Park Maintenance 1,006,895
Q68 Park and Recreation Programs 420,095
TOTAL 2013 BUDGET $15,334,385
Resolution 12-96 - Continued December 4, 2012
BE IT RES4LVED by the City Council that the sources af financing the sums
appropriated shall be:
DESCRIPTION AMOUNT
Ad Valorem Taxes $11,967,780
Licenses 191,510
Permits 693,200
Federal Grants 24,000
State Grants 10,500
Charges for Services 1,740,195
Fines and Forfeitures 280,000
Interest on Investments 100,000
Miscellaneous Revenue 227,200
Transfers In 100,000
TOTAL 2013 BUDGET $15,334,385
BE IT FURTHER RESOLVED, that the Gity Counci! 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.
Shepard M. Harris, Mayor
ATTEST:
Susan M. Virnig, City Clerk
The motion for the adoption of the foregoing resolution was seconded by Member
and upon a vote being taken thereon, the following voted in favor thereof:
and the following voted against the same:
whereupon said resolution was declared duly passed and adopted, signed by the Mayor
and his signature attested by the City Clerk.