HomeMy WebLinkAboutSP December 16, 1993
.:)
;~
/ "-
'--./
-;"~
:,?~""-' "C'.:\
I ~
1;,,~. ,,_,.i
',':" .... ",-
CITY of ANDOVER
. '
"'..J::'$~~>
Special city Council Meeting
December 16, 1993
Call to Order - 7:30 p.m.
1. Adopt 1994 General Fund & LRRWMO Budgets & Property Tax Levy
2.
3. Adjourn
" '\
" ..-J
CITY OF ANDOVER
REQUEST FOR COUNCIL ACTION
December 16, 1993
DATE
Finance
APPROVED
FOR AGENDA
AGENDA
t-O,
SECTION
Special city Council Meeting
ORIGINATING DEPARTMENT
ITEM
t-O.
Adopt 1994 General Fund, LRRWMO
Fund and Debt Service Funds
Budgets and 1994 property Tax Levy
Daryl E. Sulande~O/
Finance Di rector ~
BY;~
REQUEST
The City Council is requested to:
1. Adopt the attached resolution establishing the 1994 Property
Tax Levy.
2. Adopt the attached resolution for the 1994 General Fund, Lower
Rum River Water Management Organization Fund and Debt Service
Funds Budgets.
,
\
'-
BACKGROUND
The City Council has reviewed the operating budgets for the
General Fund and the LRRWMO Fund, conducted a public hearing
to receive comments on the proposed expenditures and tax levy, and
has authorized bond sales which require repayment over varying
lengths of time.
The payments due
bond issues:
1989
1984
1991
in 1994 are the final payments for the following
Equipment Bonds,
State Aid street Bonds, and
Temporary Improvement Bonds.
MOTION BY:
SECOND BY:
, )
'--
TO:
CITY OF ANDOVER
COUNTY OF ANOKA
STATE OF MINNESOTA
RES. NO. R
J
A RESOLUTION ESTABLISHING THE 1994 LEVY TO BE CERTIFIED TO THE
COUNTY DEPARTMENT OF PROPERTY TAX ADMINISTRATION BY THE CITY OF
ANDOVER.
THE CITY COUNCIL OF THE CITY OF ANDOVER HEREBY RESOLVES:
The total non-bonded indebtedness levy is hereby set at
$1,908,145 . Of this levy, $1,892,448 is for general
purposes and is levied against all taxable property within the
City of Andover. The remaining $15,697 is levied against the
properties located within the Lower Rum River Watershed Management
Organization Taxing District for the City of Andover's share of
costs for this organization.
The total bonded indebtedness levy is hereby set at
to fund the following indebtedness:
$473,879
1989 Certificates of Indebtedness
1990 Certificates of Indebtedness
1992 Certificates of Indebtedness
1991 Fire Station Bonds
$24,567
$21,954
$45,814
$381,544
,
)
The levy for the 1990 Certificates of Indebtedness has been
decreased by $37,630 since the City intends to fund this amount of
the debt from local sources.
THE CITY COUNCIL OF THE CITY OF ANDOVER FURTHER RESOLVES that the
scheduled levy of $21,541 for the FHA/G.O. Improvement Bonds
of 1977 is hereby cancelled for 1994.
Adopted by the City Council of the City of Andover on this 16th
day of December, 1993.
CITY OF ANDOVER
ATTEST:
J. E. McKelvey, Mayor
Victoria volk, City Clerk
, J
CITY OF ANDOVER
COUNTY OF ANOKA
STATE OF MINNESOTA
RES. NO. R
j
A RESOLUTION ESTABLISHING THE 1994 BUDGETS FOR THE GENERAL FUND,
LOWER RUM RIVER WATER MANAGEMENT ORGANIZATION FUND AND THE DEBT
SERVICE FUNDS.
WHEREAS, the preparation and adoption of operating
budgets is recognized as sound financial practice; and
WHEREAS, the City of Andover receives significant
financial support from its residents through the payment of
property taxes: and
WHEREAS, the City of Andover has the responsibility to
appropriately and efficiently manage the public's funds; and
. /
WHEREAS, the City of Andover complied with the State of
Minnesota truth in taxation requirements including soliciting
public input through a public hearing; and
WHEREAS, the City Council of the City of Andover passed
Resolution Number R establishing the 1994 levy;
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Andover hereby establishes the 1994 General Fund
Budget as submitted, with revenues and expenditures each totaling
$2,828,334.
BE IT FURTHER RESOLVED that the City Council of the City
of Andover hereby establishes the 1994 Lower Rum River Water
Management Organization Fund Budget as submitted, with revenues
and expenditures each totaling $15,697 .
BE IT FURTHER RESOLVED that the City Council of the City
of Andover hereby establishes the 1994 Debt Service Budgets as
submitted, with revenues totaling $2,465,729 and expenditures
totaling $6,982,670. The difference between budgeted revenues and
expenditures will be financed from funds previously received
through special assessment prepayments and other sources to be
determined by City Council.
Adopted by the City Council of the City of Andover on this 16th
day of December, 1993.
CITY OF ANDOVER
ATTEST:
J. E. McKelvey, Mayor
, ,
Victoria Volk, City Clerk
'. /
1994
GENERAL FUND BUDGET SUMMARY
AMENDED ADOPTED
REVENUES 1993 1994
General Property Taxes $ 1,296,030 $ 1,491,885
Licenses and Permits - Business 17,025 13,900
Licenses and Permits - Non-Business 401,245 273,955
Intergovernmental - State 657,915 714,594
Charges for Services 122,900 130,400
Fines and Forfeitures 37,000 37,000
Miscellaneous 87,000 71,600
Transfers 97,498 95,000
TOTAL REVENUE BUDGET $ 2,716,613 $ 2,828,334
----------- -----------
----------- -----------
\ EXPENDITURES
-- j
General Government $ 706,964 $ 752,870
Public Safety 946,334 934,067
Public Works 597,062 708,450
Parks and Recreation 249,292 283,772
Recycling 46,611 40,115
Economic Development 24,212 22,160
Unallocated 78,950 28,900
Other Financing Uses 52,783 33,000
Contingency 14,405 25,000
TOTAL EXPENDITURE BUDGET $ 2,716,613 $ 2,828,334
=========== ===========
,
/
, ,
1994
LOWER RUM RIVER WATER MANAGEMENT
ORGANIZATION FUND
BUDGET
AMENDED ADOPTED
REVENUES 1993 1994
General Property Taxes $ 15,697 $ 15,697
Miscellaneous 200 200
TOTAL REVENUE BUDGET $ 15,897 $ 15,897
======== --------
--------
EXPENDITURES
Engineering Services $ 15,897 $ 15,897
TOTAL EXPENDITURE BUDGET $ 15,897 $ 15,897
'\ ======== --------
--------
)
/
CITY OF ANDOVER
BUDGETS FOR DEBT SERVICE FUNDS
1994
r ,
,
,-.I
Fund
Total
Revenue
and
Other
Sources
------------------
Improvement Bond of:
1977A
1978
1979
1985A
1985B
1986A
1986B
1986C Refunding
1989A
1991B
1992
1993A
72,700
19,950
20,000
94,325
179,650
11,270
32,000
610,950
113,475
450,250
20,000
200,000
Total Improvement
Bonds
1,824,570
'-J
~ -.......
Certificates of
Indebtedness
129,965
Fire Station Bonds
381,544
Tax Increment Bonds of:
1987A
1987B
1993B
o
o
o
Total Tax Increment
Bonds
o
State Aid Street
Bonds of:
1984
1988
59,900
69,750
Total State Aid
Street Bonds
129,650
----------
Total All Funds
2,465,729
----------
----------
, )
CITY OF ANDOVER
BUDGETS FOR DEBT SERVICE FUNDS
1994
\
" /
Fund
Improvement Bond of:
1977A
1978
1979
1985A
1985B
1986A
1986B
1986C Refunding
1989A
1991B
1992
1993A
Total Improvement
Bonds
:-)
Certificates of
Indebtedness
Fire Station Bonds
Tax Increment Bonds of:
1987A
1993B
State Aid Street Bonds of:
1984
1988
Total All Funds
.,-,
",)
Total
Expenditures
and
Other
Uses
86,750
21,543
28,138
35,175
327,890
206,090
350,380
341,145
459,500
3,583,600
183,400
509,905
6,133,516
129,965
381,544
133,205
71,115
66,050
67,275
6,982,670
----------
----------