11-10559r RESOLUTION NO. 10559
RESOLUTION ADOPTING A PROPOSED BUDGET AND TAX LEVY
FOR THE YEAR 2012
WHEREAS, the Minnesota Truth in Taxation law provides for a proposed tax levy
to be certified to the County Auditor by September 15, 2011 and then recertified before
December 31, 2011.
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 2012 is hereby approved and
adopted with appropriations for each of the departments to be as follows:
General Fund
Legislative/Executive $ 760,480
Administrative Services 1,139,930
Public Safety 7,803,320
Fire Services 3,482,540
Community Development 1,121,720
Public Works 4,034,030
Recreation Services 1,596,830
Transfers 13,680
TOTAL GENERAL FUND $19,952,530
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
2012 which are more fully detailed in the City Manager's official copy of the
2012 budget, are hereby found and determined to be as follows:
TOTAL GENERAL FUND $19,952,530
3. There is hereby levied upon all taxable property in the City of Richfield a
direct ad valorem tax in the year 2011, payable in 2012 for the following
purposes and in the following amounts:
PURPOSE AMOUNT
General Fund' $14,150,5002
Equipment 698,700
Debt Service 1,868,845
Cedar Point Tax Abatement 262,655
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 2012 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
2011, payable in 2012 for the following purposes:
PURPOSE AMOUNT
Housing and Redevelopment Authority $503,777
5. A certified copy of this resolution shall be transmitted to the County Auditor.
6. The Truth in Taxation public hearing shall be set for 7:00 p.m. December 6,
2011.
Adopted by the City Council of the City of Richfield, Minnesota this 13th day of
September 2011.
:12
Debbie Goettel, ayor
ATTEST:
Nancy Gibbs ity Clerk