HomeMy WebLinkAbout14-193 Adoption of 2015 Budget and Tax Levy (City)
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 14-193
RESOLUTION ADOPTING 2015 PRIOR LAKE BUDGETS AND
CERTIFYING FINAL 2015 CITY OF PRIOR LAKE PROPERTY TAX LEVY
TO SCOTT COUNTY DEPARTMENT OF TAXATION
Motion By: MORTON Second By: SOUKUP
WHEREAS, The City Council of the City of Prior Lake conducted a Truth in Taxation public budget
meeting on December 8, 2014 pursuant to state requirements; and
WHEREAS, The City Council hereby adopts the following 2015 budgets; and
General Fund $ 12,563,945
Debt Service Funds 4,256,609
Cable Fund 7,000
Capital Park Fund 50,000
Revolving Equipment Fund 818,550
Facilities Management Fund 3,546,418
Water Fund 5,728,336
Sewer Fund 3,317,936
Water Quality Fund 1,125,299
Transit Fund 0
Total $31,414,093
WHEREAS, The property tax levy by tax base approved for payable year 2015 is as follows; and
Tax Capacity Based Levy $ 9,199,593
Market Value Based Referenda Levy 1,035,493
Total $ 10,235,086
WHEREAS, The property tax levy approved for payable year 2015 is for the following purposes:
General Purposes $ 7,071,730
Revolving Equipment Fund 250,000
Debt Service 2,913,356
Total $ 10,235,086
WHEREAS, The City of Prior Lake’s General Fund tax levy is hereby equivalent to $8,107,223; and
WHEREAS, The Revolving Equipment Fund levy amount is $250,000; and
WHEREAS, The Special debt levies account for an additional tax levy of $1,877,863 of which the
Scott County cooperative agreement appropriation of $148,805 for CSAH 82 is included.
NOWTHEREFORE, 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
2015:
Purpose Amount Amount
* General City Purposes $ 7,071,730
* Revolving Equipment Fund 250,000
Debt Service:
* F553-CSAH 82 Improvement Appropriation ‘06 $148,805
* F554-G.O. Street Reconstruction Bonds ‘07 179,000
* F555-G.O. Imp Bonds ‘08 (Brooksville Hills I) 91,000
* F556-G.O. Imp Bonds ’09 (Brooksville Hills II) 139,000
* F557-G.O. Imp Bonds 2010 (CR12) 109,000
* F558-G.O. Imp Bonds 2011A (Boudins I/Arcadia ROW) 167,000
* F559-G.O. Imp Bonds 2011B (Boudins II/Arcadia) 201,000
* F317-G.O. CIP Refunding Bonds 2012A 587,058
* F560-G.O. Imp Bonds 2013A (Welcome,CR12,Sunset) 15,000
* F561-G.O. Imp bonds 2014A (Maplewood,Crest,Carriage) 241,000
** F316-Park Refunding Bonds ‘05 820,475
** F318-Fire Station #2 Referendum Bonds ‘06 215,018
Total Debt Service 2,913,356
Total $ 10,235,086
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 8th DAY OF DECEMBER, 2014.
VOTE Hedberg Keeney McGuire Morton Soukup
Aye
☐☐☒☒☒
Nay
☒☒☐☐☐
Absent
☐☐☐☐☐
Abstain
☐☐☐☐☐
______________________________
Frank Boyles, City Manager
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