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CITY COUNCIL <br />AGENDA ITEM 2A (ii) <br /> <br /> <br />STAFF ORIGINATOR: Sarah Cotton <br /> <br />MEETING DATE: December 9, 2019 <br /> <br />TOPIC: Consider Resolution No. 19-168, Adopting the Final 2020 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 2019 tax levy, <br />collectible in 2020 on or before December 30, 2019. <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 2020 budget is balanced with resources and expenditures of $11,195,170, which represents <br />a 2.01% increase over the 2019 adopted budget. The total increase to the base budget for 2020 is <br />$141,342 and includes the following: <br /> <br />• Increased funding to cover cost of administering four elections in 2020 - $32,268 <br />• Increased information technology support and program funding - $19,419 <br />• Increased Pavement Management funding - $31,500 <br />• Decreased Stormwater Management funding - $10,000 <br />• Police Capital Outlay - $32,317 <br />• Net increase to Fleet Supplies - $15,000 (Fuel/Shop Parts) <br />• Decreased Summer Playground Program funding - $10,000 <br /> <br />$200,000 of accumulated General Fund reserves and a transfer of $380,000 from the Closed Bond <br />Fund are being used to balance the 2020 budget. <br /> <br />This maintains an Unassigned Fund Balance of 50% of operating expenditures, consistent with the <br />current Fund Balance policy. <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. 19-168. <br /> <br />ATTACHMENTS <br /> <br />Resolution No. 19-168