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CITY OF LINO LAKES <br />RESOLUTION NO. 24-168 <br />ADOPTING THE 2025 FINAL BUDGET AND LEVY <br />WHEREAS, the City of Lino Lakes has developed a 2025 budget and resulting tax levy for <br />taxes payable 2025; and <br />WHEREAS, after holding budget work sessions, the City Council adopted a 2025 <br />preliminary levy on September 23, 2024, and certified such levy to the County Auditor; and <br />WHEREAS, the City Council has continued to meet and refine the 2025 budget and levy; <br />and <br />WHEREAS, Minnesota Statutes require the final adopted levy be certified to the County <br />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 a <br />2025 budget for the following funds be adopted as presented: <br />Fund <br />Revenues <br />Expenditures <br />General Fund <br />$14,050,323 <br />$14,050,323 <br />Rookery Activity Center <br />$1,932,569 <br />$1,861,747 <br />Water Fund <br />$3,069,832 <br />$3,069,832 <br />Sewer Fund <br />$3,845,752 <br />$3,845,752 <br />Storm Water Fund <br />$554,540 <br />$512,098 <br />BE IT FURTHER RESOLVED that $15,591,090 be levied and spread for taxes payable 2025. <br />The amount levied is for the following purposes: <br />Operating Levy $ 14,308,879 <br />Debt Levy <br />G.O. Bond 2015A 269,864 <br />EDA Lease Revenue Bond 2015 318,557 <br />G.O. Bond 2018A 484,215 <br />G.O. Bond 2021A _ 209,575 <br />$1,282,211 <br />