03-9405r
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RESOLUTION NO. 9405
RESOLUTION ADOPTING A PROPOSED BUDGET AND TAX LEVY
FOR tHE YEAR 2004
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WHEREAS, the Minnesota Truth in Taxation law provides for a proposed tax levy to
be certified to the County Auditor by September 15, 2003 and then recertified before
December 29,2003.
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 2004 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
$ 836,600
1,023,870
6,693,030
2,396,980
228,870
3,016,630
1,445,320
15,000
$15,656,300
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 2004 which are
more fully detailed in the City Manager's official copy of the 2004 budget, are
hereby found and determined to be as follows:
TOTAL GENERAL FUND $15,656,300
3. There is hereby levied upon all taxable property in the City of Richfield a direct ad
valorem tax in the year 2003, payable in 2004 for the following purposes and in
the following amounts:
PURPOSE
General Fund1
Debt Service
AMOUNT
$9,877,3102
379,800
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
2004 is hereby ratified and approved. There is hereby levied upon all taxable
property il1 the City of Ri<;:hfiE?lq q Qire.gt ad v~lor~m tax ill the year 2003, payable
in 2004 for the following purp.bses:
PURPOSE
AMOUNT
Housing and Redevelopment Authority
$332,316
5. A certified copy of this re.solution shall be tram~mitted to the County Auditor.
Adopted by the City Counqil of the City of ~ichfield, Minnesota this 9th day of
December 2003.
ATTEST:
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