Title
Adopting the 2017 Budget.
Body
WHEREAS, the Mayor has proposed budgets for the City of Saint Paul for the fiscal year beginning January 1, 2017, in accordance with the Saint Paul City Charter and Chapter 56 of the Administrative Code; and
WHEREAS, the City Council, after publication of the notice in the newspaper on December 5, 2016, participated in a public hearing on December 7, 2016, on the Mayor's Proposed 2017 budgets and property tax levy, as required by the City Charter and applicable state and federal laws; and
WHEREAS, the Capital Allocation Agreement for the Rivercentre Complex among the City, Rivercentre Convention and Visitors Authority and Saint Paul Arena Company is set to expire in March of 2017, and the agreement provides that it may be extended upon agreement of the parties; and
WHEREAS, several budget items will be placed into a contingency reserve account pending future decisions on the 2017 right-of-way program; and
WHEREAS, budgets held in contingency cannot be spent without Council authorization; and
WHEREAS, the Council has revised the Mayor's proposed budgets as indicated in Attachment A; now therefore be it
RESOLVED, that in accordance with the procedures and requirements set forth in the City Charter and other laws applicable thereto, the Council of the City of Saint Paul does hereby adopt the 2017 budgets as proposed by the Mayor with such monetary changes, additions and deletions as are hereby adopted and which, along with total budgets, are set forth in Attachment A; and be it
FURTHER RESOLVED, that the expenditures in dollars as may be made by the offices, departments, bureaus, and agencies of city government during the fiscal year 2017 shall be, and are hereby approved, and adoption of these budgets shall constitute appropriations of the money amounts as set at the department budget total in the General Fund budget, the project total in the Capital Improvements Budget, and the fund budget total in all other cases; and be it
FURTHER RESOLVED, that the estimated financing set forth in the 2017 adopted budgets is hereby approved; and be it
FURTHER RESOLVED, that the Five Year Capital Program for 2017-2021 is hereby approved; and be it
FURTHER RESOLVED, that the adoption of the 2017 budget for the Community Development Block Grant Fund is a multi-year budget based on estimates for a grant which has a fiscal period that differs from the City's budget year (January 1 through December 31); the authority to implement this adopted multi-year budget commences only at the beginning of the grant period, and shall extend beyond December 31, 2017, through the end of the grant period and; during the year when the grant is accepted by the City Council, the budget will be amended to match the actual grant amount for the entire multi-year period; and be it
FURTHER RESOLVED, that the first amendment to the Rivercentre Complex Capital Allocation Agreement relating to certain revenues in the 2017 Budget and on file in substantially final form is hereby approved, and the Mayor, City Clerk and Director, Office of Financial Services are authorized to finalize and execute said amendment; and be it
FURTHER RESOLVED, that the City Clerk is directed to publish the 2017 budget summary pursuant to Minnesota Statutes section 471.6965 in the format prescribed by the Office of the State Auditor; and be it
FINALLY RESOLVED, that the Director of Financial Services is hereby authorized to prepare the final 2017 budgets in accordance with the actions taken herein and to equalize, balance or set the final department revenue sources and department appropriations as necessary.
Financial Analysis
Please see Attachment A for additional details.