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2022-101 1 CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: December 12, 2022 RESOLUTION NO: 2022-101 MOTION BY: Campion SECONDED BY: Rehm A RESOLUTION APPROVING 2023 FINAL BUDGET, 2023-2027 CAPITAL IMPROVEMENT PLAN, AND FINAL 2022 TAX LEVY, COLLECTIBLE IN 2023 WHEREAS, the City Council has examined the budgetary and tax levy needs for the City of Chanhassen for the calendar year 2023 through public budget meetings; and WHEREAS, the City Council held a Truth-in-Taxation public meeting on December 12, 2022, to receive public input into the budget and tax levy for 2023. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chanhassen that the 2023 budget for the following funds is adopted in the following amounts: Governmental Funds Revenues & Transfers In Expenditures & Transfers Out Change in Fund Balance General Fund $ 14,343,070 $ 14,513,070 $ (170,000) Special Revenue Funds Charitable Gambling $ 50,000 $ 50,000 $ - Cemetery $ 8,500 $ 29,000 $ (20,500) Cable Franchise $ 7,598 $ 95,000 $ (87,402) ARPA Funds $ 1,435,000 $ 1,435,000 $ - Capital Funds Vehicle & Equipment Replacement $ 778,551 $ 1,265,505 $ (486,954) Capital Facilities $ 360,415 $ 304,000 $ 56,415 Park Renovation $ 170,000 $ 245,000 $ (75,000) Park Development $ 1,500,000 $ 1,396,310 $ 103,690 Transportation Infrastructure Management $ 555,402 $ 606,700 $ (51,298) TIF #11 – Frontier Development $ 279,681 $ 265,965 $ 13,716 TIF #12 – Lake Place Senior Apartment $ - $ 1,000 $ (1,000) Pavement Management $ 10,472,760 $ 10,140,000 $ 332,760 Debt Service Fund $ 502,861 $ 455,425 $ 47,436 Total Governmental Funds $ 30,463,838 $ 30,801,975 $ 338,137 BE IT FURTHER RESOLVED by the City Council of the City of Chanhassen that the 2023-2027 Capital Improvement Plan is adopted in the following amounts, with the 2023 projects included in fund budgets and projects for years 2024-2027 adopted conceptually: DocuSign Envelope ID: 14176075-8654-45ED-A1CE-320D3D33C3D9 2 Fund 2023 2024 2025 2026 2027 Cemetery $25,000 $- $- $- $- Cable Franchise $10,000 $10,000 $10,000 $- $- Vehicle & Equipment Replacement $1,065,505 $900,357 $1,500,057 $1,140,372 $930,970 Capital Facilities $304,000 $512,000 $181,500 $218,000 $188,500 Park Renovation $245,000 $- $- $- $30,000 Park Development $1,300,000 $- $- $180,000 $- Transportation Infrastructure Management $258,000 $231,000 $284,000 $347,000 $310,000 Pavement Management $10,140,000 $13,670,000 $8,780,000 $7,510,000 $7,640,000 Total $13,347,505 $15,323,357 $10,755,557 $9,395,372 $9,099,470 BE IT FURTHER RESOLVED by the City Council of the City of Chanhassen that the preliminary levy to be levied in 2022 upon the taxable property in the City of Chanhassen for collection in the year 2023 for the following purposes and in the following amounts: Fund 2023 Final Levy General Fund $10,749,000 Capital Funds Fleet & Equipment $ 615,000 Facilities $ 155,000 Pavement Management Program Fund $ 918,000 Transportation Infrastructure Management $ 544,000 Total Capital Funds $ 2,232,000 Debt Levy $ 482,000 Total Tax Levy $13,463,000 PASSED AND ADOPTED by the Chanhassen City Council this 12th day of December 2022. ATTEST: Kim Meuwissen, City Clerk Elise Ryan, Mayor YES NO ABSENT Ryan McDonald Campion Rehm Schubert DocuSign Envelope ID: 14176075-8654-45ED-A1CE-320D3D33C3D9