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17-77 - 12-05 - Adopt 2018 Budget of General Fund Resolution 17-77 December 5, 2017 Member Fonnest introduced the following resolution and moved its adoption: RESOLUTION ADOPTING THE 2018 BUDGET OF THE GENERAL FUND BUDGET WHEREAS, in 2017, the staff presented a biennial budget cycle with a proposed 2018 current budget year and a 2019 "in concept" budget proposal; and WHEREAS, in 2018, the employees of the City of Golden Valley the dollar amount of the City's contribution to benefits for employees classified under the categories of Non- exempt, Exempt Establishment, Exempt Creative Professional and Professional Exempt will be $1,228.00 per month effective January 1, 2018. 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 2018, the employees of the City of Golden Valley The dollar amount of the City's contribution to benefits for employees 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 $1,249.00 per month plus 2% of monthly salary on January 1, 2018. 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 2018, Employees who successfully participated in the City wellness program in 2017 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 2018, all City of Golden Valley non-union employees will receive 2.5% increase in wages and salaries starting January 1; and WHEREAS, this proposed 2018 operating budget resolution and the accompanying proposed tax levies contained in Resolution 17-77 are submitted by the City in accordance with Minnesota Statutes and other applicable laws in effect on this date. BE IT RESOLVED by the City Council of the City of Golden Valley, Minnesota, that the 2018 General Fund Budget are hereby given final approval. DIVISION DESCRIPTION AMOUNT 001 Council $350,935 003 City Manager 813,410 004 Transfers Out 1,982,580 005 Administrative Services 1,986,970 006 Legal Services 158,100 007 Risk Management 310,000 Resolution No. 17-77 -2- December 5, 2017 011 Building Operations 732,680 016 Planning 409,655 018 Inspections 769,280 022 Police 6,204,575 023 Fire 1,496,150 035 Physical Development 309,505 036 Engineering 776,095 037 Streets 1,790,925 066 Park and Recreation Administration 737,210 067 Park Maintenance 1,215,945 068 Park and Recreation Programs 445,385 TOTAL 2017 BUDGET $20.489.400 BE IT RESOLVED by the City Council that the sources of financing the sums appropriated shall be: DESCRIPTION AMOUNT Ad Valorem Taxes $17,253,460 Licenses 220,980 Permits 887,785 State Grants 52,375 Charges for Services 1,456,800 Fines and Forfeitures 320,000 Interest on Investments 75,000 Miscellaneous Revenue 193,000 Transfers In 30,000 TOTAL 2018 BUDGET $20,489,400 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. i'r �ir�fiJ She and M. Harris, Mayor ATTEST: (d . Kristine A. Luedke, City Clerk The motion for the adoption of the foregoing resolution was seconded by Member Clausen and upon a vote being taken thereon, the following voted in favor thereof: Clausen, Fonnest, Harris, Schmidgall and Snope 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.