91-7804R59
RESOLUTION N0.7804
RESOLUTION ADOPTING A BUDGET FOR THE YEAR 1992
AND LEVYING TAXES
BE IT RESOLVED the City Council of•the City of Richfield as follows:
1. The budget for the City of Richfield for the year 1992
is hereby approved and adopted with appropriations for
each of the departments to be as follows:
GENERAL FUND
Legislative $ 173,760
Executive 406,040
Administrative Services 922,010
Community Development 237,880
Public Safety 6,064,810
Community Services 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
budget, are hereby found and determined to be as follows:
TOTAL 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 inD
the following amounts:
PURPOSE
GENERAL FUND*
AMOUNT
$6,848,429
*Provision has been made in the General Fund for the payment
of the City's contributory share to Public Employees'
Retirement Association and the Police and Fireman's Relief
Associations. Provision has also been made in the General
Fund revenues for general a levy that includes a debt service
levying in the amount of $350,076 for Bonds of 1972, 1977, 1978,
1983,and 1985. See separate resolutions on other bond issues.
4. The budget for the Horsing and Redevelopment Authority of
Richfield for the year 1992 ~s hereby ratified and approved. There
is hereby levied upon all tax~ble property in the City of Richfield a
direct ad valorem tax in the year 1991, payable in 1992 for the
following purposes: -
PURPOSE ~ AMOUNT
Housing and Redevelopment Authority $153,992
Relocation Informatio Services and
Assistance $ 15,282
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
20th day of November, 1991.
~~
t
Martin J. isch Mayor
ATTEST: