HomeMy WebLinkAbout2.c. Discussion of Levy Effect on Property Taxes '�:.�.
; `�`' " CITY OF ROSEMOUNT
DAROTA COUNTY, MINNESOTA
RESOLUTION 1993 - 82
A RESOLUTION SETTING THE PRELIMINARY 1994 GENERAL FUND
OPERATING BUDGET, THE 1994 C.I.P. BUDGET AND
THE 1994 LEVY REQIIIRED BY THE CITY OF ROSEMOUNT
W�REAS, the City Council of the City of Rosemount has determined
that budgets and special needs for the year 1994 will be in the
amount of $4, 199,432 for the General Operating Fuind, CIP and
Retirement/Severance funds; and
J . WHEREAS, the City Council has determined that special levies for
,t Bonded Indebtedness, Certificates of Indebtedness and the Armory
• Project total $604, 868; and
WSEREAS, the City Council has determined that actual i�.comes,
fund transfers and anticipated aids will total $2, 138,353 .
NOW, THEREFORE BE IT RESOLVED, that the total Prelimir�ary. Le<<: �,�.,
certified to the Dakota County Audit�ar sha11 be $2;B&5, 947; and
BE IT FIIRTffi;R 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 hearing shall take place on
December 2, 1993, at 8 :00 P.M. , in the Council Chambers at the
City Hall; and
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BE IT FURTHER'�RESOLVED, that if a continuation of that hearing is
necessary it shall take place on December 15, 1993, at 8 :00 P.M. , _
and at that Public Hearing the final operating budget and levy
shall be adopted by the Rosemount City Council.
ADOPTED this 30th day of August, 1993 . �
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� � , � E.B. McMeno y, Mayor • �
ATTEST: � .. • .
. �
- us M. Wal , City Clerk . ��s
,
Motion by: Willcox Seconded by: Klassen
Voted in favor; Wippermann, Staats, Willcox, Klassen
Voted Against: McMenomy
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Y.
SPREAD LEVY COMPUTATIQNAL WORKSHEET
1992 1993 1994
Total Funding Requirements 4,061,064 N4,429,363 4,804,300
Less:Internal Revenues 1,025,092 1,219,450 1,026,755
I.ess:Use of CIP Reserves 0 0 175,000
Equals:Revenues Needed 3,035,972 3,209,913 3,602,545
(City Adjustments-Subtractions)
Local Government Aid(LGA) 287,859 296,512 380,794
Homestead&Agricultural Credit Aid(HACA) N/A N/A 555,804
9 � ���_��� _�«»„ .
Levy Certified by City to County Auditor 2,748,113 2,913,401 2,665,947
(County Auditor Ad justments-Subtractions) �
Fiscal Disparities Distribution I.evy(Metro Area) 310,034 302,808 314,358 (2)
Certified Homestead&A.gricultural Credit Aid(HACA) 448,063 525,257 N/A
Equalization A,id � 82,692 r „_ 82,9'�3, • �` N/A` ; '
Dispari�y Reduction Aid s N/A -. N/A �' NfA
Spread Levy(Used to Compute Local Tax Rate) 1,907,324 2,002,363 (1) 2,351,589
Increase from Previous Year in Spread Levy 4.98% 17.44%
(I) Actual Spread Levy Based on Numbers from County
(2) County's 10/7/43 Figure
Last Update-10/08/93
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1993 GENERAL PROPERTY TAX LEVY PAYABLE 1994
General Levy
GENERAL FUND $2, 016,446
5-YEAR CIP PROGF�M FUND 44, 633
RETIREMENT/SEVERANCE FUND -0-
TOTAL GENERAL LEVY $2, 061, 079
Bonded Indebtedness
G.O. MUNICIPAL BLDG BONDS 1986 (Authorized-$150, 570) $ 150, 57�
+ G.O. IMPROVEMENT BONDS 1987A(Authorized-$311, 964) 125,D00
G.O. IMPROVEMENT BONDS 1988B (Authorized-$66, 552) -0-
G.O. IMPROVEMENT BONDS 1989B (Authorized-$86, 247) -0-
G.O. IMPROVEMENT BONDS 1991A(Authorized-$0) -0-
G.O. IMPROVEMENT BONDS 1992A(Authorized-$0) -0-
G.O. COMMUNITY CENTER BONDS 1992C(Authorized-$103, 877) 103, 877
G.O. IMPROVEMENT BONDS 1992D (Authorized-$6, 715)�� . ;, > �� " � = ` -0-
G.O. MUNICIPAL BLDG BONDS 1992E (Authorized-$326;-669) �' � -0-
TOTAL BONDED INDEBTEDNESS $ 379,447
Certificates of Indebtedness
G.O. EQUIPMENT CERTIFICATES 1991C (Authorized $48, 290? $ 48, 290
** G.O. EQUIPMENT CERTIFICATES 1994 ** 50, 000
TOTAL CERTIFICATES OF INDEBTEDNESS $ 98,290
Principal and Interest on Armory Bonds
;
ARMORY ANTICIPATORY LEVIES ($95, 000 + $402, 639, OOOx. 00798%) $ 127, 131
TOTAL PRINCIPAL AND INTEREST ON ARMORY BONDS $ 12'7,131
GR.AND TOTAL 1993 PROPERTY TAX LEVY $2,665,947
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TO: � NORMA B. MARSH, COUNTY AUDITOR
FROM: CITY OF ROSEMOUNT
DATE: �September 9, 1993
We have set the date for our City public levy hearing to be as follows:
12-2-93 Rosemount Cifiy Hall 8 :00 p .m .
Date t �
` � 2875 145th Street West . Time
,
- Rosemount, MN 55068
(Place)
T1� date set for reconvening the hearing, if necessary, will be:
12-15-93 Rosemount City Hall 8 :00 p .m.
(Date) (Place) . (Time)
The "Notice of Proposed Property Tax" sent to each taxpayer ,;contains the
following information about where to send.commen�s �and/Qr�,revi�w a���copy of
your proposed budget. Please provide it �as you wan�. it to appear on that
notice.
Name OR Title: City Administrafior "
Address: 2875 145th ST W �
Rosem�unfi, MN 55068
Phone Number: (612 ) 423-4411
. `,
PROPOSED LEVY FOR 1994: Revenue $ 2, 061 , 079
(AFTER DEDIICTION
OF HACA) Debt $ 604, 868 .
Fire $
_ . Other $
� . $
� � � . . ._ . � * TOTAL $ 2, 6 6 5,'9 4 7 .
SIGN D:
�:�-
ity erk/Admi ' rator
THIS FORM MIIST BE RETIIRNED TO THE COIINTY AIIDITOR BY SEPTEMBER 15, 1993