20-103CITY OF SHOREWOOD
RESOLUTION NO. 20 -103
ADOPTING THE PRELIMINARY 2021 GENERAL FUND
OPERATING BUDGET AND PROPERTY TAX LEVY
WHEREAS, City staff have presented the preliminary 2021 budget and property tax
levy at a work session in August 2020; and
WHEREAS, the City Council has reviewed the budget and property tax levy and
made modifications to each that reflect desired community service levels; and
WHEREAS, the City Council is required to approve and certify the proposed 2021
preliminary property tax levy to the Hennepin County Auditor by September 30, 2020;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SHOREWOOD AS FOLLOWS:
The 2021 Preliminary General Fund Budget is hereby set at $5,681,420.
2. $5,973,743 is to be levied for 2020 ad valorem property taxes, collectible in
2021 upon all taxable property in the City of Shorewood. Individual fund
property tax levies are as follows:
General Fund
Debt Service Funds:
2017A Public Project Lease Revenue
Refunding Bonds
2020A G.O. Street Reconstruction Bonds
Capital Project Funds:
Equipment Replacement
Street Improvements
Park Improvements
$4,778,853
$93,090
$208,186
$100,000
$693,614
$100,000
$5,973,743
3. The Finance Director is hereby instructed to transmit a certified copy of this
resolution to the County Auditor of Hennepin County, Minnesota.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD this 14th day of
September, 2020.
ATTEST:
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Sandie Thone, City Clerk
SCO by, Mayor