HomeMy WebLinkAbout9.a. Resolution Setting 2006 Preliminary Levy and Budget Hearing DatesAGENDA ITEM: Resolution Setting 2006 Preliminary Levy
and Budget Hearing Dates
AGENDA SECTION:
New Business
PREPARED BY: Jeff May, Finance Director
AGENDA NO. 9a.
ATTACHMENTS: Resolution, County Levy Hearing
Forms, and 2007 Preliminary Budget
Summary Pages
APPROVED BY:
RECOMMENDED ACTION: Motion to adopt A RESOLUTION SETTING THE
PRELIMINARY 2007 GENERAL FUND OPERATING BUDGET, THE PRELIMINARY 2007
C 1 P BUDGETS, THE PRELIMINARY 2007 INSURANCE BUDGET, THE PRELIMINARY
2007 PORT AUTHORITY OPERATING LEVY AND THE PRELIMINARY 2006 LEVY AND
BUDGET HEARING DATES REQUIRED BY THE CITY OF ROSEMOUNT
4 ROSEMOUNT
CITY COUNCIL
City Council Meeting Date: September 5, 2006
EXECUTIVE SUMMARY
ISSUE
Adopt the preliminary levy for 2006, set the hearing dates required by the Truth -In- Taxation laws, and
adopt the preliminary budgets for 2007.
BACKGROUND
This item is on the agenda for Council to formally approve the prelmnnary levy and budgets for 2007 as
required by law and to set the hearing dates for the Truth -In- Taxation requirements. The information
included in the packet should include all of the summary information that was discussed at the last budget
workshops held on August 9` and August 23`
Ongoing discussions will occur later m September, October and November to finahze the budgets prior to
adoption of the final budget and levy in December.
SUMMARY
Recommend the above motion to approve the 2006 preliminary levy, the hearing dates and the preliminary
budgets for 2007.
CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 2006
A RESOLUTION SETTING THE PRELIMINARY 2007 GENERAL FUND OPERATING
BUDGET, THE PRELIMINARY 2007 C.I.P. BUDGETS,
THE PRELIMINARY 2007 INSURANCE BUDGET, THE PRELIMINARY 2007 PORT
AUTHORITY OPERATING LEVY AND THE PRELIMINARY 2006 LEVY AND BUDGET
HEARING DATES REQUIRED BY THE CITY OF ROSEMOUNT
WHEREAS, the City Council of the City of Rosemount has determined that budgets and
special needs for the year 2007 will be in the amount of $15,496,800 for the General
Operating Fund, the three CIP Funds, the Insurance Fund, the Port Authority Fund and the
Enterprise Funds, and
WHEREAS, the City Council has determined that special levies for Bonded Indebtedness
(including $154,308 for the market value based referendum levy for the fire station) and the
Armory Project total $1,957,319, and
WHEREAS, the City Council has determined that actual incomes, fund transfers and
anticipated aids will total $6,872,470.
NOW, THEREFORE BE IT RESOLVED, that the total Preliminary Levy certified to the
Dakota County Auditor shall be $10,439,122 for the normal levy and $142,527 for the
market value based referendum levy; and
BE IT FURTHER RESOLVED, that the City Council of the City of Rosemount will conduct a
Public Hearing for the purpose of presenting the proposed budget and levy to the general
public and to comply with Truth in Taxation laws as set by the Minnesota State Legislature,
and that the nearing shall take place on December 4, 2006, at 6 30 P.M in the Council
Chambers at the City Hall, and
BE IT FURTHER RESOLVED, that if a continuation of that hearing is necessary it shall
take place on December 11, 2006, at 6 30 P.M.
ADOPTED this 5 clay of September, 2006
ATTEST.
Amy Domeier, City Clerk
(SEAL)
CERTIFICATION
William H Droste, Mayor
RESOLUTION 2006
I hereby certify that the foregoing is a true and correct copy of a resolution presented to and
adopted by the City Council of Rosemount at a duly authorized meeting thereof, held on the
5th day of September, 2006, as disclosed by the records of said City in my possession.
Amy Domeier, Rosemount City Clerk
Motion by: Seconded by:
Voted in Favor.
Voted Against:
Members Absent
'Experfditure
Category
'Budget-
Requirement
(A)
Local
Government Aid
(B)
,Other
Resources
(C)
CertifiedLtvy
(D- A-8 -C)
(D}
s
15,496,800
s
0-
s 6,872,470
s
8,624,330
General Revenue
Debt Servlce Total
1,814,792
1,814,792
Road and Bridge
Other (identify)
Total
s
17,311,592
6,872,470
s
10,439,122
DAKOTA COUNTY
OFFICE OF THE TREASURER- AUDITOR
provide breaxdown of certified levy by Individual bond on reverse side or attach an additional sheet S Attache d
Market Value Based Referendum Levy
B -LGA (Loral Government Aid)...
C Other Resources
D- Cerufied Levy
Date
9 -12 -06
PAYABLE 2007
PROPOSED LEVY CERTIFICATION FORM
FORMS
City of Rosemount
TAXING DISTRICT NAME
142,527
..Amount needed to fund services.
These aids are certified to the taxing district by the Department of Revenue. This can be used to reduce
any bulge: item levy requirement, combination of items or be deducted proportionally from ail •ewes.
All other resources that will be used 'o finance your taxing districts budget Including but not:imited
to other aids, interest income, pnar year reserves, grants, eta.
Levy certified to the County Treasurer Auditor ROUND TO THE NEAREST WHOLE DOLLAR. DO NOT
CERTIFY PENNIES The Treasurer Auditor's office will deduct Fiscal Dispanties from all certified levies.
Before signing, please verify the following:
-MAKE SURE THAT ALL LINES ADD ACROSS AND ALL COLUMNS ADD UP TO THE TOTAL LINE
BREAKDOWN OF DEBT SERVICE LEVY BY INDIVIDUAL BOND HAS BEEN PROVIDED
AMOUNTS REPORTED MATCH ANY OTHER SUPPORTING DOCUMENTATION INCLUDED
(i.e., Certified Levy1on t s form matches amount cn your taxing distnct's resolution, etc.)
i Finance Director
Signature of p ort'mpleting form Name of contact person provides an Proposed Tax Notices
Finance Director City of Rosemount, 2875 145th Strppt vast
Title Mailing address provided an Proposed Tax Notices
Rosemount, MN 55068
City, state, zipcede prcwded on Proposed Tax Notices
(651) 423 -4411
Phone number at contact person prowaed on Proposed Tax Notices
(be sure to incluse area -code)
www.ci.rosemount.mn.us
(OPTIONAL) Email address of contact person provided on Notices
THIS ORM MUST,BE *ETURNED' TH AUDttOWS
BY SEPTEMBER 95, 2606"
2006 GENERAL PROPERTY TAX LEVY PAYABLE 2007
GENERAL LEVY
GENERAL FUND $6,957,330
BUILDING CIP FUND $24,000
STREET CIP FUND $1,050 000
EQUIPMENT CIP FUND $333,000
INSURANCE FUND $260,000
PORT AUTHORITY OPERATING LEVY i $0
TOTAL GENERAL LEVY $8,624,330
BONDED INDEBTEDNESS
G 0 MUNICIPAL BUILDING REFUNDING BONDS 1998A (ICE ARENA) (Authorized $258,957) $258,957
G 0 IMPROVEMENT BONDS 19998 (Authorized $19,533) $19,533
G 0 IMPROVEMENT BONDS 2001A (Authorized $119,604) $0
G 0 PUBLIC FACILITY BONDS 2001C (Port Authority) (Authorized $168,504) $168,504
G 0 COMMUNITY CENTER REFUNDING BONDS 2001E (Authorized $94,704) $94,704
G 0 IMPROVEMENT BONDS 2002A (Authorized $10,772) $10,772
G 0 PORT AUTHORITY BONDS 2002C (Authorized $258,650) $258,650
G 0 IMPROVEMENT BONDS 2003A (Authorized $86,354) (City Assumed Special Assessments) $86,354
G 0 CAPITAL IMPROVEMENT PLAN (CIP) BONDS 2005A (Authorized $210,737) $210,737
G 0 EQUIPMENT CERTIFICATES 20058 (Authorized $349,198) $349,198
G 0 EQUIPMENT CERTIFICATES 2006A (Authorized $87,955) $87,955
G 0 IMPROVEMENT BONDS 2006B (Authorized $75,081) $0
TOTAL BONDED INDEBTEDNESS $1,545,364
MARKET VALUE BASED REFERENDUM -1995 FIRE STATION LEVY
G 0 FIRE STATION REFUNDING BONDS, 2005D (Authorized $142,527)
TOTAL FIRE STATION LEVY
PRINCIPAL AND INTEREST ON ARMORY BONDS
ARMORY ANTICIPATORY LEVIES ($95,000 ($2,185,821,500 x .00798 (As of 7/18/06)
TOTAL PRINCIPAL AND INTEREST ON ARMORY BONDS
GRAND TOTAL 2006 PROPERTY TAX LEVY
Last Updated 8124106
$142,527
$142,527
$269,428
$269,428
$10,581,649
DAKOTA COUNTY
OFFICE OF THE TREASURER- AUDITOR
PAYABLE 2007 TRUTH IN TAXATION
HEARING DATE CERTIFICATION
FORM A
Taxing District Name: City of Rosemount
Public Hearing Date:
Time of meeting:
Place of meeting:
Monday, December 4, 2006
6:30 P.M.
Rosemount City Hall
2875 145th Street West
Rosemount, MN 55068
Continuation Date: Monday, December 11, 2006
PLEASE PROVIDE US WITH A CONTACT NAME AND PHONE NUMBER AS YOU
WOULD LIKE IT TO APPEAR ON THE TNT NOTICES.
Name or Title: Finance Di rector
Phone number: (651) 423 -4411
E mail or Web Address:
Signature of person
completing this form:
Address: City of Rosemount
Title:
Phone number:
Date:
2875 145th Street West
Rosemount, MN 55068
www.ci.rosemount.mn.us
if you would like an email contact or your website listed on the notice,
please complete. Note you are not required fo provide this information
(651) 322 -2031
September 12, 2006
*Please include area code when identifying phone numbers
SCHOOL DISTR "This form must be returned to the Treasurer Auditor by AUGUST 1% 2006
Mt3 NIGtPALUTLES: This :farm "must be returned to the Trees a rer- Auditor, by SEPTEMBER(15 ,;21106•,