HomeMy WebLinkAboutResolution No. 564-17 (b) - Adopting 2018 Operating Budget
RESOLUTION
BE IT RESOLVED by the Common Council of the City of Rochester that the annual
budget of the City of Rochester, Minnesota for the fiscal year beginning January 1, 2018 which
has been submitted by the several departments and modified and approved by the City County
is hereby adopted:
The total of said budget and major divisions thereof being as follows:
REVENUE TO SUPPORT THE BUDGET
General Property Tax Levy $67,554,151
Tax Abatement Levy 1,000,000
Non-property Taxes 9,001,000
Licenses and Permits 4,040,076
Fines, Forfeits and Penalties 917,600
Intergovernmental Revenue 42,728,432
Charges for Services 54,148,064
Miscellaneous Revenues 93,510,407
Prior Year Revenues 12,943,915
TOTAL REVENUE $285,843,645
APPROPRIATIONS
Employee Services $85,317,014
Other Current Expenses 85,156,937
Capital Outlay 5,693,794
Capital Improvements 97,404,084
Debt Service 12,271,816
TOTAL APPROPRIATIONS $285,843,645
BE IT FURTHER RESOLVED that the modified, approved and adopted copy marked
"Adopted 2018 Budget" be placed on file in the City Clerk's Office, and that effective January
1, 2018, the Director of Finance/Treasurer is hereby directed to cause the appropriate
accounting entries to be made in the books of the City.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2017.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2017.
________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
Res15\\Approve\\COR Budget18