23-125 Adopting the 2024 General Fund Operating Budget and Approving the Property Tax Levy Collectible in 2024CITY OF SHOREWOOD
RESOLUTION NO.23-125
A RESOLUTION ADOPTING THE 2024 GENERAL FUND OPERATING BUDGET
AND APPROVING THE PROPERTY TAX LEVY COLLECTIBLE IN 2024
WHEREAS, the 2024 Budget and property tax levies collectible in 2024 for the
City of Shorewood have been prepared and reviewed by the City Council; and,
WHEREAS, the budget has been modified by the City Council to meet service delivery
goals; and,
WHEREAS, the City Council held a Truth -in -Taxation public meeting on December 11,
2023, to receive public comment regarding the adoption of such budgets and property tax
levies;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD
AS FOLLOWS:
1. That a budget of $6,485,291 is adopted to pay for 2024 General Fund operations.
2. That the sum of $7,115,274 is levied for 2023, collectible in 2024, upon taxable
property in the City of Shorewood. Individual fund property tax levies are as follows:
General Fund
$5,743,012
Debt Service Funds:
2020A G.O. Street Reconstruction Bonds
$228,492
2021A G.O. Street Reconstruction Bonds
$310,023
2022A G.O. Street Reconstruction Bonds
$289,416
2023A G.O. Street Reconstruction Bonds
$160,331
Capital Project Funds:
Equipment Replacement
$128,000
Street Improvements
$128,000
Park Improvements
$128,000
7 115 274
3. That the City Clerk 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 111h day of December,
2023.
ATTEST:
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Sandie Thone, City Clerk
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State of Minnesota HEN N E P 1 N C O U N T Y
County of Hennepin MINNESOTA
Taxing Jurisdiction of Shorewood
2024 FINAL LEVY CERTIFICATION
I, Sandie Thone Clerk of Shorewood hereby certify that
a resolution establishing the levy upon taxable property in said Taxing Jurisdiction was passed by
the governing body at a duly convened meeting held on December 11 , 2023.
On motion it was resolved that the following sums of money be raised by tax upon the taxable
property in said Taxing Jurisdiction for the following purposes for the current year:
1. General Revenue
2. Bonded Indebtedness**
B. MARKET VALUE BASED REFERENDUM LEVY***
6,127,012.00
988,262.00
" The levy amount by line item should already be reduced by Local Government Aid (LGA) and other resources
used to finance your taxing jurisdiction's budget.
** Provide a breakdown of the certified levy by individual bond on page 2.
*** Per M. S. 275.61, Levies for the payment of debt obligations that are approved by voters after June 30, 2008
must be levied on net tax capacity.
1 further certify that l have compared the foregoing with the original entry of the minutes of the
meeting so held on December 11 , 2023 as the same are recorded in the Book of Records
of said Taxing Jurisdiction, and that the same is a correct transcript therefrom.
Given under my hand on this 11 th day of December , 2023.
Q r�
Taxing Jurisdiction Clerk
HENNEPIN COUNTY
M1NNESOTA
LEVY CERTIFICATION - DEBT SERVICE SCHEDULE
Taxing Jurisdiction Shorewood
** This must match the totals for debt service reported on page 1.
Per 4.S. 475.61 all debt must be accounted for in the resolution. If the amount levied is less than the required amount from the
payment schedule for the bond, you must submit a resolution stating that there are sufficient funds for that bond. This can be
included in the same resolution with your levy
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