23-097 Adopting the Preliminary 2024 General Fund Operating Budget and Property Tax LevyCITY OF SHOREWOOD
RESOLUTION NO.23-097
ADOPTING THE PRELIMINARY 2024 GENERAL FUND
OPERATING BUDGET AND PROPERTY TAX LEVY
WHEREAS, City staff have presented the preliminary 2024 budget and property tax levy at
work sessions in August and September 2023; 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 2024 preliminary
property tax levy to the Hennepin County Auditor by September 30, 2023;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Shorewood as
follows:
1. The 2024 Preliminary General Fund Budget is hereby set at $6,485,291.
2. $7,115,274 is to be levied for 2023 ad valorem property taxes, collectible in 2024
upon all taxable property in the City of Shorewood. Individual fund property tax
levies are as follows:
General Fund
Debt Service Funds:
2020A G.O. Street Reconstruction Bonds
2021A G.O. Street Reconstruction Bonds
2022A G.O. Street Reconstruction Bonds
2023A G.O. Street Reconstruction Bonds
Capital Project Funds:
Equipment Replacement
Street Improvements
Park Improvements
$5,743,012
$228,492
$310,023
$289,416
$160,331
$128,000
$128,000
$128,000
7 115 274
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 25t" day of September 2023.
ATTEST:
1)�LL
Sandie Thone, City Clerk
JelGifer Labadie, Mayor