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CITY COUNCIL <br />AGENDA ITEM 2B(ii) <br /> <br /> <br />STAFF ORIGINATOR: Sarah Cotton <br /> <br />MEETING DATE: December 12, 2016 <br /> <br />TOPIC: Consider Resolution No. 16-163, Adopting the Final 2017 General <br />Fund Operating Budget <br /> <br />VOTE REQUIRED: 3/5 <br /> <br /> <br />BACKGROUND <br /> <br />Minnesota State Statutes require the City of Lino Lakes to adopt and certify a final 2016 tax levy, <br />collectible in 2017 on or before December 28, 2016. <br /> <br />A public hearing was held tonight to take public comment on the budget. A summary of the <br />proposed budget and tax levy was presented and discussed during the public hearing. <br /> <br />The final 2017 budget represents a 4.00% increase from the 2016 adopted budget. The budget <br />includes resources for on-going city operations, capital outlay and equipment replacement, and <br />the addition of three staff positions (1 PT CSO, 1 PT Office Specialist, and 1 PT to FT Office <br />Specialist). A contingency for unforeseen circumstances is also included in the budget. <br />Accumulated General Fund Reserves are being used to balance the budget. <br /> <br />The City Council needs to take final action to approve the budget at this time. <br /> <br />RECOMMENDATION <br /> <br />Staff recommends the approval of Resolution No. 16-163. <br /> <br />ATTACHMENTS <br /> <br />Resolution No. 16-163, Adopting the Final 2017 General Fund Operating Budget