91-7790R- RESOLUTION N0. 7790
RESOLUTION ADOPTING A PROPOSED BUDGET AND TAX LEVY
FOR THE YEAR 1992
WHEREAS, the Minnesota Truth in Taxation law provides for a
proposed tax levy to be certified to the County Auditor by
September 3, 1991, and then recertified before December 30, 1991.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Richfield, Minnesota as follows:
1. The proposed budget for the City of Richfield for the
year 1992 is hereby approved and adopted with
appropriations for each of t'he departments to be as
follows:
GENERAL FUND
Legislation
Executive
Administrative Services
Community Development
Public Safety
Community Services
$ 173,760
406,040
922,010
237,880
- 6,064,810
-4,327,450
TOTAL GENERAL FUND
$12,131,950
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 1992, which are more
fully detailed in the City Manager's official copy of the
proposed budget, are hereby found and determined to be as
follows:
GENERAL FUND
$12,131,950
3. There is hereby levied upon all taxable property in the
City of Richfield a direct ad valorem tax in the year
1991, payable in 1992 for the following purposes and in
the following amounts:
PURPOSE
AMOUNT
GENERAL FUND*
$ 6,848,429
*Provision has been made in the General Fund for the
payment of the City's contributory share to the Public
Employees' Retirement Association and the Police and Fire
Relief Associations. Provision has also been made in the
General Fund revenues for a general levy that includes a
debt service levying in the amount of $350,076 for Bonds
of 1972, 1977, 1978, 1983 and 1985. See separate
resolution on other bond issues.
Resolution NO._7790 I -2-
4. The budget for the Dousing and Redevelopment Authority of
Richfield for the y~ar 1992 is hereby ratified and
approved. There is hereby levied upon all taxable
property in the Cit of Richfield a direct ad valorem tax
in the year 1991, p~yable in 1992 for the following
purposes:
.~ _ ~
PURPOSE I AMOUNT
Housing and Redevelopment
Authority 'I $ 213,224
Relocation Information, ~.
Services and Ass~.stance $ 21,287
5. A certified copy of'~this resolution shall be transmitted
to the County Auditor. .
PASSED by the City Council of the City of Richfield,
Minnesota this 26th day of August, 1991.
.'~ ~
Martin J. irsch Mayor