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<br />WS – Item 8 <br />WORK SESSION STAFF REPORT <br />Work Session Item No. 8 <br /> <br /> <br />Date: December 5, 2016 <br /> <br />To: City Council <br /> <br />From: Sarah Cotton, Finance Director <br /> <br />Re: Finalize 2017 Budget <br /> <br /> <br />Background <br /> <br />Transmitted for your review and discussion is the final draft of the 2017 Budget and Tax <br />Levy. Staff is prepared to discuss the final draft budget with the City Council during the <br />budget work session. <br /> <br />Please note the following adjustments have been made to the 2017 Budget based on the <br />discussion and direction received at the November 14, 2016 Work Session: <br /> <br />• Reduction in Operating Transfers for Capital Equipment Replacement – Fire - <br />$100,000 <br />• Reduction in Police Other Revenues - $17,000 <br /> <br />The City of Lino Lakes will hold a public hearing on Monday, December 12, 2016 at <br />6:30 p.m. during the regularly scheduled City Council meeting, with the final adoption of <br />the 2016/2017 tax levy and 2017 operating budget anticipated immediately following the <br />hearing. <br /> <br />Attachments <br /> <br />November 14, 2016 Budget Work Session Recap <br />2016-2017 General Fund Forecast Gap Analysis <br />2017 Use of Reserves Summary <br />2017 General Fund Operating Budget <br />2017 Recreation Special Revenue Fund Budget <br />2017 Capital Equipment Replacement <br />2017 Water/Sewer Fund Budgets <br /> <br /> <br /> <br /> <br /> <br /> <br />