HomeMy WebLinkAbout5.a. 1988 Budget DiscussionCITY OF ROSEMOUNT -• G?•
RESOLUTION 1987-
A RESOLUTION APPROVING THE 1988 OPERATING BUDGET,
THE 1988-1992 CIP BUDGET AND THE 1988 LEVY
REQUIRED BY THE CITY OF ROSEMOUNT
WHEREAS, the City Council of the City of Rosemount has determined that
budgets and special needs (Fund 107 Reimbursement) for the year 1988
will be in the amount of $1,887,629; and
WHEREAS, the City Council has determined that special levies for bonded
general obligation debts and fire relief fund total $200,504; and
WHEREAS, the City Council has determined that actual incomes, fund
transfers and anticipated aids will total $1,129,521; and
WHEREAS, the City Council has determined that special levies for bonded
indebtedness and fire relief association of $194,939 are outside the
levy limit; and
WHEREAS, the City Council has been advised that the levy limit for 1987
for the City of Rosemount is $1,233,193,
NOW THEREFORE BE IT RESOLVED that the total levy certified to the Dakota
County Auditor shall be $1,428,132; and
BE IT FURTHER RESOLVED that $1,233,193 of this levy is subject to the
levy limit; and
BE IT FURTHER RESOLVED that departmental budget figures shall be line
item budget amounts as indicated as Exhibit _ of this resolution; and
BE IT FURTHER RESOLVED that the 1988 through 1992 (Five Year CIP
Program) as indicated as Exhibit _ of this resolution is made a part of
the 1988 budget package.
ADOPTED this day of September, 1987.
Leland S. Knutson, Mayor
ATTEST:
Stephan Jilk,Administrator/Clerk