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CITY OF LINO LAKES <br />RESOLUTION NO. 23-131 <br />ADOPTING THE FINAL 2024 BUDGET AND TAX LEVY <br />WHEREAS, the City of Lino Lakes has developed a 2024 budget and resulting tax levy for <br />taxes payable 2024, and <br />WHEREAS, after holding budget work sessions, the City Council adopted a preliminary <br />2024 budget and tax levy on September 25, 2023, and certified such levy to the County Auditor, <br />and <br />WHEREAS, the City Council has continued to meet and refine the 2024 budget and tax <br />levy, and <br />WHEREAS, Minnesota State Statutes require the final adopted tax levy be certified to the <br />County Auditor on or before five working days after December 20. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes, Minnesota that <br />$14,120,928 be levied and spread for taxes payable 2024. The amount levied is for the following <br />purposes: <br />Operating Levy $ 12,833,204 <br />Debt Levy <br />G.O. Bond 2015A 274,589 <br />EDA Lease Revenue Bond 2015 319,765 <br />G.O. Bond 2018A 485,475 <br />G.O. Bond 2021A 207,895 <br /> $1,287,724 <br />BE IT FURTHER RESOLVED that a 2024 budget for the following funds be adopted as <br />presented. <br />Fund Revenues Expenditures <br />General Fund $13,168,968 $13,168,968 <br />Rookery Activity Center $1,961,920 $1,950,654 <br />Water Fund $2,284,343 $2,060,890 <br />Sewer Fund $2,398,265 $2,398,265 <br />Storm Water Fund $549,470 $549,470 <br />139