HomeMy WebLinkAbout13-183 2014 Budget and Tax Levy,,O� PRjO\
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4646 Dakota Street SE
Prior Lake, NM 55372
RESOLUTION 13 -183
RESOLUTION ADOPTING 2014 PRIOR LAKE BUDGETS AND
CERTIFYING FINAL 2014 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: Soukup Second By: McGuire
WHEREAS, The City Council of the City of Prior Lake conducted a Truth in Taxation public budget
meeting on November 25, 2013 pursuant to state requirements; and
WHEREAS, The City Council hereby adopts the following 2014 budgets; and
General Fund
$ 12,985,255
Debt Service Funds
7,589,881
Capital Park Fund
170,000
Revolving Equipment Fund
725,356
Facilities Management Fund
371,395
Water Fund
3,078,731
Sewer Fund
2,949,887
Water Quality Fund
764,205
Transit Fund
937,149
Total
$29,571,859
WHEREAS, The property tax levy by tax base approved for payable year 2014 is as follows; and
Tax Capacity Based Levy $ 8,292,126
Market Value Based Referenda Levy 1,006,792
Total $ 9,298,918
WHEREAS, The property tax levy approved for payable year 2014 is for the following purposes:
General Purposes $ 6,347,728
Revolving Equipment Fund 200,000
Debt Service 2,751,190
Total $ 9,298,918
WHEREAS, The City of Prior Lake's General Fund tax levy is hereby equivalent to $7,354,520; and
WHEREAS, The Revolving Equipment Fund levy amount is $200,000; and
WHEREAS, The Special debt levies account for an additional tax levy of $1,744,398 of which the
Scott County cooperative agreement appropriation of $148,840 for CSAH 82 is included.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. That the tax levy be distributed upon the taxable property in said City for the following purposes in payable
2014:
Note: All other bond issues have sufficient fund balances to cover debt requirements.
PASSED AND ADOPTED THIS 9th DAY OF DECEMBER, 2013.
YES NO
Hedberg
Purpose
Amount
Amount
Keeney
General City Purposes
$
6,347,728
McGuire
Revolving Equipment Fund
McGuire
200,000
Morton
Debt Service:
Morton
X
CSAH 82 Improvement Appropriation `06
$148,840
G.O. Street Reconstruction Bonds `07
182,000
G.O. Improvement Bonds `08 (Brooksville Hills I)
91,000
G.O. Improvement Bonds '09 (Brooksville Hills II)
114,000
G.O. Improvement Bonds 2010 (CR12)
109,000
G.O. Improvement Bonds 2011A (Boudins I & Arcadia ROW)
167,000
G.O. Improvement Bonds (`04) 2011A Refunding
157,000
G.O. Improvement Bonds 2011 B (Boudins II & Arcadia)
201,000
G.O. CIP Refunding Bonds 2012A
574,558
G.O. Improvement Bonds 2013A (Welcome,CR12,Sunset)
0
**
Park Refunding Bonds `05
786,112
**
Fire Station #2 Referendum Bonds `06
220,680
**
Fire Station #1 Refunding Bonds `08
0
Total Debt Service
2,751,190
Total
$
9,298,918
Note:
Single starred funds shall be spread over the entire consolidated City
of Prior Lake.
Note:
Double starred funds represent market value based referendum taxes and shall be spread over the
entire consolidated City of Prior Lake.
Note: All other bond issues have sufficient fund balances to cover debt requirements.
PASSED AND ADOPTED THIS 9th DAY OF DECEMBER, 2013.
YES NO
Hedberg
X
I Hedberg
Keeney
Keeney
X
McGuire
X
McGuire
Morton
Morton
X
Frank o .es, City Manager