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14-095 - 12-02 - Adopting 2015 Budget Resolution 14-95 December 2, 2014 Member Clausen introduced the following resolution and moved its adoption: RESOLUTION ADOPTING THE 2015 BUDGET OF THE GENERAL FUND BUDGET WHEREAS, in 2014, the staff presented a biennial budget cycle with a proposed 2015 current budget year and a 2016 "in concept" budget proposal; and WHEREAS, this proposed 2015 operating budget resolution and the accompanying proposed tax levies contained in Resolution 14-94 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 2015 General Fund Budget are hereby given final approval. DIVISION DESCRIPTION AMOUNT 001 Council $330,450 003 City Manager 774,940 004 Transfers Out 475,000 005 Administrative Services 1,726,920 006 Legal Services 139,050 007 Risk Management 300,000 011 Building Operations 560,590 015 Inspections 704,575 016 Planning 303,780 022 Police 5,568,860 023 Fire 1,255,045 035 Physical Development 285,180 036 Engineering 759,890 037 Streets 1,473,370 065 Community Centers 75,615 066 Park and Recreation Administration 698,640 067 Park Maintenance 1,095,740 068 Park and Recreation Programs 374,490 TOTAL 2015 BUDGET $16,902,135 Resolution 14-95 - Continued December 2, 2014 BE IT RESOLVED by the City Council that the sources of financing the sums appropriated shall be: DESCRIPTION AMOUNT Ad Valorem Taxes $13,266,155 Licenses 221,565 Permits 800,000 Federal Grants 0 State Grants 292,805 Charges for Services 1,573,985 Fines and Forfeitures 320,425 Interest on Investments 100,000 Miscellaneous Revenue 227,200 Transfers In 100,000 TOTAL 2015 BUDGET $16,902,135 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. Ilk, She and M. Harri , Mayor ATTEST: Kristine A. Luedke, City Clerk The motion for the adoption of the foregoing resolution was seconded by Member Snope and upon a vote being taken thereon, the following voted in favor thereof: Harris, Schmidgall, Snope, Fonnest and Clausen and the following voted against the same: none whereupon said resolution was declared duly passed and adopted, signed by the Mayor and his signature attested by the City Clerk.