86-7231R5
RESOLUTION N0. 7231
RESOLUTION ADOPTING A BUDGET FOR THE YEAR 1987
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 1987
is hereby approved and adopted with appropriations for
each of the departments to be as follows:
GENERAL FUND
2.
3.
Legislative $ 139,380
Executive 340,760
Administrative Services 822,900
Community Development 450,070
Public Safety. 4,921,330
Community Services 3,621,290
TOTAL GENERAL FUND $10,295,730
REVENUE SHARING FUND $ 28.000
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 1987, 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 $10,295,730
REVENUE SHARING FUND $ 541
There is hereby levied upon ali taxable property in the
City of Richfield a direct ad valorem tax in the year
1986, payable in 1987 for the following purposes and in
the following amounts:
PURPOSE
GENERAL FUND*~
AMOUNT
$5,248,950
*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 $300,000 for Bonds of 1972, 1973,
1977 and 1983. See separate resolutions on other bond
issues.
4. A certified copy of this resolution shall be transmitted
to the County Aud~tor.
Passed by the City Council of the City of Richfield, Minnesota,
this lst day of October, 1986.
i
ATTEST:
Thomas P. Ferber .City Clerk
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