RES 2021-100 Adopting the Annual Operating BudgetsCITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2021-100
ADOPTING THE 2022
ANNUAL OPERATING BUDGETS
WHEREAS, the Otsego City Council has on December 13, 2021, held a public meeting to allow for public
comment before adopting a final budget and certifying a final property tax levy; and
WHEREAS, the Otsego City Council has reviewed the proposed General, Public Utility, Debt Service and
Special Revenue fund budgets and has determined the budget is adequate to fund the respective fund
operations for the year 2022.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA:
1. That the following revenues and expenditures (summarized) be authorized as the final budget forthe
operation of the General fund for 2022 as follows.
Revenues
Property Taxes $510001506
Cable Franchise Fees 129,000
Licenses and Permits 11510,639
Intergovernmental 87,500
Charges for Services 238,871
Miscellaneous 380,900
Total Revenues 7 347 416
Expenditures
General Government $1,763,193
Public Safety 31015,037
Public Works 11551,450
Parks and Recreation 855,826
Economic Development 161,910
Total Expenditures 7 347 416
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2. That the following revenues and expenses (summarized) be authorized as the final budget for the
operation of the Public Utility funds for 2022 as follows:
Revenues
Operating $5,083,097
Non -Operating 264,933
Availability & Connection Charges 3,2741509
Special Assessments 256,251,
Bond Proceeds 15,500,000
Total Revenues $24,378,790
Expenses
Operating $2,719,224
Capital Outlay 19,590,375
Depreciation 21873,134
Debt Service 31823,167
Transfers to Other Funds 293,500
Total Expenses $29,299,400
3. That the following revenues and expenditures (summarized) be authorized as the final budget for the
operation of the Debt Service funds for 2022 as follows:
Revenues
Property Taxes $547,187
Special Assessments 240,960
Total Revenues 788 147
Expenditures
Principal $660,000
Interest and Fiscal Agent Fee's 145,931
Total Expenditures 805 931
4. That the following revenues and expenditures (summarized) be authorized as the final budget for the
operation of the Special Revenue funds for 2022 as follows:
Revenues
Tax Increments 421996
Total Revenues 421996
Expenditures
Economic Development $396,365
Total Expenditures 5396365
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ADOPTED by the Otsego City Council this 13th day of December, 2021.
MOTION BY: DAHL
SECONDED BY: MDORES
INFAVOR:STOOKAMP, DARKENWALD, GOEDE, MOORES, DAHL
OPPOSED: NONE
CITY OF OTSEGO
Mejnvao
Jessica L. Stockamp, M yor
ATTEST:
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Audra Ettel, City Clerk
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