87-7346R16
RESOLUTION N0. 7346
RESOLUTION ADOPTING A BUDGET FOR THE YEAR 1988
AND LEVYING TAXES
BE IT RESOLVED by the City Council of the City of Richfield as follows:
1. The budget for the City of Richfield for the year 1988
is hereby approved and adopted with appropriations for
each of the departments to be as follows:
GENERAL FUND
Legislative - $ 266,490
Executive ~ 355,360
Administrative Services 876,850
Community Development 225,610
Public Safety 5,248.,270
Community Services 3,840,240
TOTAL GENERAL FUND $10,812,820
REVENUE SNARING FUND $ -
2. The estimated gross revenue of the City of Richfield from
all sources, including general ad valorem tax levies as
herein after set forth for the year 1988, which are more
fully detailed in the City Manager's official copy of the
budget, are hereby found and determined to be as follows:
GENERAL FUND
REVENUE SHARING FUND
$10,812,820
$ -
3. There is hereby levied upon all taxable property in the
City of Richfield a direct ad valorem tax in the year
1987, payable in 1988 for the following purposes and in
the following amounts:
PURPOSE
GENERAL FUND*
AMOUNT
$5,701,898
*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 levy includes a debt service
levying in the amount of $196,191 for Bonds of 1977, 1983
and 1985. See separate resolutions on other bond issues.
4. A certified copy of this resolution shall be transmitted
to the County Audito .
Passed by the City Council of the City of Richfield, Minnesota, this 23rd day
of September 1987.
ATTEST:
Thomas P. Ferber City Clerk