HomeMy WebLinkAboutCC-10-18-10-02 2011 Tax Levy FundRESOLUTION CC- 10- 15 -10 -02
(FORMERLY CC- 09- 07- 10 -03)
AS AMENDED
Sponsor: Richard L. Sharp
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF
CARMEL INDIANA TO SET THE 2011 GENERAL FUND TAX L
AUTHORIZATION OF BORROWING BETWEEN FUND
RECEIVED
Nov 1'0 2010
OUNTY AUDITOR
WHEREAS, the Department of Local Government Finance of the State of Indiana shall set for
the City of Carmel, Indiana "City the total. City tax rate for taxes payable in 2011; and
WHEREAS, the Common Council desires to adjust the General Fund property tax levy to allow
the Department of Local Government Finance to establish a specific total tax rate for funds under the
City's control; and
WHEREAS, the Common Council desires to adjust the 2482 Redevelopment Bond Fund property
tax levy as needed to implement the Common Council's tax policy; and
WHEREAS, the Common Council desires to levy for the Motor Vehicle Highway Fund only the
amount needed to fund appropriations leaving no operating balance in that fund, and
WHEREAS, the Common Council desires to appropriate certain debt service lease rental
payments in the Cumulative Capital Development Fund; and
WHEREAS, the Common Council desires to reserve, as much as possible, its future authority to
levy taxes for general purposes; and
WHEREAS, the Common Council finds that it is necessary to enhance funds in need of money
for cash flow purposes;
WHEREAS, the Common Council finds that certain funds have sufficient cash available to
temporarily deposit to the credit of other funds;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Carmel,
Hamilton County, Indiana:
Section 1. The Department of Local Government Finance is respectfully requested to set
the total 2011 City tax rate for all City funds at exactly $0.6664 per $100 of assessed value.
Section 2. The Department of Local Government Finance is respectfully requested to set
the 2011 property tax levy of the Motor Vehicle Highway Fund at a level no greater than the amount
needed to fund appropriations with no operating balance.
VERSION A 10/18/10
Prepared by James Brainard
Amended by: Diana L. Cordray. Clerk- Treasurer
City of Carmel
Section 3. After applying the maximum allowable property tax levy to the General Fund,
0702 Motor Vehicle Highway Fund, and 2391 Cumulative Capital Development Fund, as appropriate, the
Department of Local Government Finance is respectfully requested to reduce, as necessary, first the 2482
Redevelopment Bond Fund levy, then the 2391 Cumulative Capital Development Fund levy, and then the
0101 General Fund property tax levy in 2011 to a level which will result in the total City tax levy stated in
Section 1. The City requests the opportunity to reduce specific items through recommendation of the
Mayor as approved by the Common Council in a Regular or Special meeting.
Section 4. Any reduction in 2011 proposed appropriations in the Cumulative Capital
Development Fund by the Department of Local Government Finance shall be applied first to reduce debt
service lease rental payments.
Section 5. The Common Council permits the borrowing among funds under Indiana Code
36- 1 -8 -4. Borrowing may only take place where it is necessary to enhance a fund in need of money for
cash flow purposes. The borrowed amount shall be returned by December 31, 2011, and may not exceed
the amount needed to fund appropriations or other lawful disbursements. Borrowing may only take place
where a fund has sufficient money on deposit that can be temporarily transferred. Only revenues derived
from the levying and collection of property taxes or special taxes or operation of the political subdivision
may be included in the amount transferred.
SO RESOLVED by the Common Council of the City of Carmel, Hamilton County, Indiana, this
2 day of tJ ei 2010. Asfe5 y y
VERSION .A 1.0/181.10
Prepared by James Brainard
Amended' by: Diana L. Cordray, Clerk- Treasurer
City of Carmel
cr�U.
Pres mg Officer
Ronald E. Carter
ATTEST:
ATTEST:
L. Sharp, Pre' dent Pro Tempore
1• or P s
Diana L. Cordray, IAMC, Clerk -Tr
fti
Presented by me to the Mayor of the City of Carmel, Indiana this 1 g day of
2010, at /0_'33 p.m.
Ap roved by me, Mayor of the City of Carmel, Indiana, this i day of
O 2010, at/0:5 5 P.M.
urer
Diana L. Cordray, IAMC, Clerk-T,easurer
Prepared by James Brainard
Amended by: ,Diana L. Cordray, Clerk- Treasurer
City of Carmel
C Griffiths
COMMON COUNCIL FOR THE CITY OF CA
even Rider
W. Eric Seid;'isticker
nI st ANT`
.Luci Snyder
Diana L. Cordray, IAMC, Clerk -Trey surer
mes Brainard, Mayor
PAESCRIUEO kY DEPT Or LOCAL GOVERNMENT FIN.SNCE Budge) Farm 4 (Rev Z002)
FORM AP PROYEO BY STATE BOARD OF ACCOUNTS ORDINANCE FOR APPROPRIATIONS AND TAX' RATES J
Be it ordained by the City of Carmel, Indiana: That for the expenses of the City government and its institutions for the year ending December 31, 2011, 'S 7 L f y 1
the sums of money shown on Budget Form 4 -A are hereby appropriated and ordered set apart out of the several funds herein named and for the purposes herein specified,
subject to the laws governing the same. Such sums herein appropriated shall be held to include all expenditures authorized to be made during the year, unless
otherwise expressly stipulated and provided for by law. In addition, for the purposes of raising revenue to meet the necessary expense of city government, tax rates are
shown on Budget Form 4 -B and included herein. Two (2) copies o` Budget Form 4 -A and 4 -B for all funds and departments are made a part of the budget report and submitted herewith
Prepared by James Brainard
Thrs ordinance shall be in full force and elfecl from and aNer rla passage and
approval by the Common Councl and Mayer or Fire P 1iislnt, board
Adopted by the forlovnng vale on Y yr� oI�
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COMMON COUNCIL
APPROVED BY:
Council/Board Member Counc.uBOard Member
CounciliBoard Member
Council/Beard Member
CounciuBoard Member
Approved by the Meyor/Boerd
ORDINANCE D- 2091 -10
Nay
Councit/Board Member
Council/Baard Member
Courrcitfoard Member
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Sponsor. Richard L. Sharp