HomeMy WebLinkAboutResolution No. 283-22 .1 - Resolution - 2023 City of Rochester Operating Budget
RESOLUTION
Adopting the 2023 Operating Budget.
WHEREAS, the adoption of the City of Rochester’s budget is the single most important
policy action taken by the Common Council of the City of Rochester; and
WHEREAS, the City of Rochester has a history of strong financial management and has
consistently received a AAA bond rating; and
WHEREAS, the City of Rochester team started developing the budget in February 2022;
and
WHEREAS, the City of Rochester has elected to leverage holistic budget stability funds to
help minimize the impact on tax levy; and
WHEREAS, the Common Council of the City of Rochester has adopted strategic priorities
and this budget attempts to align with those strategic priorities; and
WHEREAS, the 2023 tax levy, necessary in order to align strategic priorities, provide quality
services, and assure continued strong financial management through structural integrity of
operating and capital plans, requires a 6.85% increase, which was preliminarily approved
on September 19, 2022; and
NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of Rochester
that the 2023 annual budget of the City of Rochester, Minnesota for the fiscal year beginning
January 1, 2023, which has been submitted by the departments and modified and approved
by the City Council is hereby adopted:
The total of said budget and major divisions thereof being as follows:
REVENUE TO SUPPORT THE 2023
BUDGET
City of Rochester
General Property Tax Levy $90,772,574
Park Referendum Tax Levy 2,000,000
Tax Abatement Levy 0
Non-property Taxes 8,119,544
Licenses and Permits 5,017,511
Fines, Forfeits and Penalties 811,620
Intergovernmental Revenue 76,568,992
Charges for Services 55,083,047
Miscellaneous Revenues 130,947,154
Prior Year Revenues 3,709,672
$373,030,114
RPU Board Authority
Charges for Services $187,924,000
Private Funds 18,300,000
Intergovernmental Revenue 530,000
Prior Year Revenues 21,150,000
$227,904,000
TOTAL REVENUE $600,934,114
APPROPRIATIONS
City of Rochester
Employee Services $103,082,956
Other Current Expenses 88,016,340
Capital Outlay 6,175,273
Capital Improvements 163,684,287
Debt Service 12,071,258
$373,030,114
RPU Board Authority
Employee Services $30,801,000
Contractual Services 97,986,000
Other Current Expenses 41,627,000
Capital Improvements 50,095,000
Debt Service 7,395,000
$227,904,000
TOTAL APPROPRIATIONS $600,934,114
BE IT FURTHER RESOLVED that the modified, approved, and adopted copy marked
"Adopted 2023 Budget" be placed on file in the Rochester Public Library, and that
effective January 1, 2023, 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 _______________, 2022.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2022.
___________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)