14-10965r RESOLUTION NO. 10965
RESOLUTION ADOPTING A PROPOSED BUDGET AND TAX LEVY
FOR THE YEAR 2015
WHEREAS, the Minnesota Truth in Taxation law provides for a proposed tax levy
to be certified to the County Auditor by September 30, 2014 and then recertified before
December 29, 2014.
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 2014 is hereby approved and
adopted with appropriations for each of the departments to be as follows:
General Fund
Legislative/Executive $ 835,630
Administrative Services 1,248,380
Public Safety 8,273,870
Fire Services 3,783,850
Community Development 1,359,800
Public Works 3,722,890
Recreation Services 1,755,870
Transfers Out 147,370
TOTAL GENERAL FUND $21,127,660
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
2015 which are more fully detailed in the City Manager's official copy of the
2015 budget, are hereby found and determined to be as follows:
TOTAL GENERAL FUND $21,127,660
3. There is hereby levied upon all taxable property in the City of Richfield a
direct ad valorem tax in the year 2014, payable in 2015 for the following
purposes and in the following amounts:
PURPOSE AMOUNT
General Fund' $15,165,0302
Equipment 700,000
Debt Service 2,117,378
Cedar Point Tax Abatement 306,116
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 includes all fiscal disparities distribution amounts.
4. The budget for the Housing and Redevelopment Authority of Richfield for the
year 2015 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
2014, payable in 2015 for the following purposes:
PURPOSE AMOUNT
Housing and Redevelopment Authority $468,296
5. A certified copy of this resolution shall be transmitted to the County Auditor.
6. The Truth in Taxation public meeting shall be set for 6:00 p.m. December 2,
2014.
Adopted by the City Council of the City of Richfield, Minnesota this 9th day of
September 2014.
Debbie Goettel, Mayor
ATTEST:
Nancy Gibbs, ity Clerk