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CITY COUNCIL AGENDA ITEM 211 (ii) STAFF ORIGINATOR: Sarah Cotton MEETING DATE: December 10, 2018 TOPIC: Consider Resolution No. 18-175, Adopting the Final 2019 General Fund Operating Budget VOTE REQUIRED: 3/5 BACKGROUND Minnesota State Statutes require the City of Lino Lakes to adopt and certify a final 2018 tax levy, collectible in 2019 on or before December 28, 2018. A public hearing was held tonight to take public comment on the budget. A summary of the proposed budget and tax levy was presented and discussed during the public hearing. The final 2019 budget is balanced with resources and expenditures of $10,974,316, which represents ,.� a 0.26% increase over the 2018 adopted budget. The total increase to the base budget for 2019 is $404,400 and includes the following: • Addition of a Building Inspector - $59,832 • Increased Pavement Management Funding - $62,100 • Increased Stormwater Management Funding - $15,000 • Capital outlay of $24,802 and $29,750 in police and fire, respectively • Traffic Control Devices — Median Maintenance - $10,100 • Birch Park Bldg — Siding Replacement $15,000 • Country Lakes Park — EAB Removal - $24,000 • Increased Park Maintenance Funding - $21,000 • Summer Event Staging & Tents — $10,000 • Recreation Special Event Funding - $10,000 • Park & Trail Improvements - $90,000 $594,773 of accumulated General Fund reserves are being used to balance the 2019 budget. In addition, the Council has expressed the desire to formally commit a portion of the General Fund reserve balance as follows: • $375,000 Recreation Complex Phase I • $50,000 Veteran's Memorial • $30,000 Bldg Permit Automation & Integration Project This maintains the Unassigned Fund Balance of 50% of operating expenditures, consistent with the current Fund Balance policy.