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Resolution - 21-11 - Adopting 2022 General Fund BudgetE CITY OF SPRING PARK SPRING PARK, MINNESOTA RESOLUTION 21-11 A RESOLUTION ADOPTING THE 2022 GENERAL FUND BUDGET BE IT RESOLVED, by the Spring Park City Council, County of Hennepin, Minnesota, that the final 2022 General Fund Budget be accepted as follows: (Per attached final 2022 Budget) Total General Fund Budget is $1,498,960 Adopted by the City Council of the City of Spring Park, Minnesota on December 6, 2021. CITY OF SPRING PARK Approved: Mayor Attest: PJami offman ity Clerk P. Rockvam CITY OF SPRING PARK 2022 BUDGET GENERAL FUND LINE ITEM REV./EXP. 2022 BUDGET GENERAL ADMINISTRATION Council Elections Staff Wages Staff PERA/FICA Staff Insurance/Benefits Audit Prep + Audit Technology Support Office Equipment/Supplies/Postage Memberships/Trainings Mailings/Codification/Publication Fees League of MN Cities Insurance Trust Westonka Historical Society Miscellaneous Suburban Rate Authority CONTRACTED SERVICES Assessing Services (Hennepin County) Legal Services (Kennedy + Graven) Prosecuting Attorney (Greg Keller) Planning Services (NAC Planning) Engineering Services (Sambatek) Building Code Compliance (MNSPECT) PUBLIC SAFETY Lake Minnetonka Conservation District Police Contract Bookings/Workhouse Fees Fire Contract WASTE REMOVAL Drop -Off Site Fall/Spring Clean -Up Events Recycling Services PUBLIC WORKS Orono Contract Street + Sidewalk Maintenance Street Lighting Snow Removal Boulevard Tree Maintenance City Beautification Storm Water Management City Hall Building & Grounds RECREATION + PARKS Park Maintenance Park Equipment Gillespie Center TIF/DEBT SERVICE Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure Expenditure $23,000.00 $8,500.00 $75,000.00 $12,500.00 $17,000.00 $9,000.00 $5,000.00 $3,500.00 $5,000.00 $7,500.00 $7,350.00 $3,000.00 $2,500.00 $461.00 $24,000.00 $20,000.00 $12,000.00 $37,500.00 $12,500.00 $40,000.00 $4,926.00 $473,870.00 $1,500.00 $171,980.00 $1,500.00 $20,000.00 $15,000.00 $47,750.00 $10,000.00 $15,000.00 $60,000.00 $4,000.00 $33,350.00 $7,500.00 $5,000.00 $22,500.00 $2,500.00 $11,000.00 TIF 1-3 Expenditure $150,000.00 2010 Bond Expenditure $11,542.00 2015 Bond Expenditure $104,731.00 GENERAL FUND TOTAL EXPENDITURES $1,498,960.00 LINE ITEM REV./EXP. 2022 BUDGET TAXES/ASSESSMENTS Property Taxes (General) Revenue $1,056,937.00 Property Taxes (Debt Service) Revenue $116,273.00 Special Assesments Revenue $0.00 Payment In Lieu of Taxes Revenue $34,000.00 TIP 1-3 Revenue $160,000.00 INTERGOVERNMENTAL Grants +Aid Revenue $5,000.00 Court Fines Revenue $9,000.00 SERVICE FEES Building Permits Revenue $50,000.00 Variance/CUP/Zoning Requests Revenue $4,000.00 PERMITS/LICENSES Alcohol/Cigarette Revenue $15,000.00 Amusement/Dance Permits Revenue $4,000.00 Food Truck Permits Revenue $2,000.00 Sign Permits Revenue $500.00 Dock Licenses Revenue $1,000.00 Garbage Hauler Revenue $1,250.00 MISCELLANEOUS Interest Earnings Revenue $5,000.00 LMCIT Dividend Revenue $2,500.00 Other Revenue Revenue $2,500.00 Transfer Revenue $30,000.00 GENERAL FUND TOTAL REVENUE $1,498,960.00 CAPITAL PROJECTS 2021-2026 YEAR(S) FUNDING COST ESTIMATE Locate, Raise, GPS Water Curb Boxes 2022-2026 Bonding $50,000.00 City Hall Exterior Maintenance 2022 Capital Reserves $15,000.00 Black Lake Road Reconstruction + Utilities 2022 or 2023 Bonding $2,125,000.00 City -Wide Road Chip Sealing 2022 Capital Reserves $25,000.00 Shoreline Drive Utilities Replacement 2022 or 2023 Bonding $1,500,000.00 Sunset Drive Lake Access Improvements 2022 Bonding $35,000.00 Water Plant + Lift Station Alarm Upgrades 2021-2022 Water Fund $22,500.00 Water Meter+ Radio Unit Replacement 2022-2026 Bonding $250,000.00 CAPITAL PROJECTS TOTAL EXPENDITURES $4,022,500.00