06-9866r
RESOLUTION NO. 9866
RESOLUTION ADOPTING A PROPOSED BUDGET AND TAX LEVY
FOR THE YEAR 2007
WHEREAS, the Minnesota Truth in Taxation law provides for a proposed tax levy to
be certified to the County Auditor by September 15, 2006 and then recertified before
December 28, 2006.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota as follows:
1. The budget for the City of Richfield for the year 2007 is hereby approved and
adopted with appropriations for each of the departments to be as follows:
General Fund
Legislative/Executive
Administrative Services
Public Safety
Fire Services
Community Development
Public Works
Recreation Services
Transfers
TOTAL GENERAL FUND
$ 829,960
1,112,030
7,616,250
2,790,130
260,450
3,834,160
1,580,470
40,960
$18,064,410
2. The estimated gross revenue of the City of Richfield from all sources, including
general ad valorem tax levies as hereinafter set forth for the year 2007 which are
more fully detailed in the City Manager's official copy of the 2007 budget, are
hereby found and determined to be as follows:
TOTAL GENERAL FUND $18,064,410
3. There is hereby levied upon all taxable property in the City of Richfield a direct ad
valorem tax in the year 2006, payable in 2007 for the following purposes and in
the following amounts:
PURPOSE
General Fund'
Equipment
AMOUNT
$11,567,8592
425,400
1 Provision has been made in the General Fund for the payment of the City's
contributory share to Public Employees' Retirement Association.
2 General Fund Levy included all fiscal disparities distribution amounts.
4. The budget for the Housing and Redevelopment Authority of Richfield for the year
2007 is hereby ratified and approved. There is hereby levied upon all taxable
property in the City of Richfield a direct ad valorem tax in the year 2006, payable
in 2007 for the following purposes:
PURPOSE
AMOUNT
Housing and Redevelopment Authority
$409,500
5. A certified copy of this resolution shall be transmitted to the County Auditor.
Adopted by the City Council of the City of Richfield, Minnesota this 12th day of
December 2006.
J?;~~U
Martin J. Kir , Mayor
ATTEST: