Laserfiche WebLink
Lino Lakes City Council <br />Special Work Session <br />Minutes <br />DATE: August 12, 2024 <br />TIME STARTED: 7:11 P.M. <br />TIME ENDED: 8:43 P.M. <br />LOCATION: Community Room <br />MEMBERS PRESENT: Mayor Rafferty, Councilmembers Cavegn, Lyden, Stoesz and Ruhland <br />MEMBERS ABSENT: None <br />Staff Members Present: City Administrator Sarah Cotton, Finance Director Hannah Lynch, HR & <br />Communications Manager Meg Sawyer, Deputy Director/Fire Dan L'Allier, City Engineer Diane <br />Hanke, and Community Development Director Michael Grochala <br />1. Call to Order and Roll Call <br />Mayor Rafferty called the meeting to order at 7:11 p.m. <br />2. Setting the Agenda: Addition or Deletion of Agenda Items <br />The agenda was adopted as presented. The Finance Director provided a review of the <br />presentation schedule for this evening. <br />3. 2025 Annual Budget and 2025-2029 Financial Plan <br />The Finance Director stated that a 2025 Annual Budget and 2025-2029 Financial Plan are <br />being provided for the City Council's review this evening. The drafts were prepared by <br />department directors and reviewed by the City Administrator with the intention of <br />providing the resources needed to continue city services at their current levels. <br />The 2025 Annual Budget includes a total tax levy of $15,906,535 which represents a <br />$1,785,607 or 12.65% increase. With a smaller increase in tax capacity values, the city <br />tax rate is proposed to increase from 36.098% in 2024 to 39.857% in 2025. Detail behind <br />the total tax levy increase can be found in the draft 2025 Annual Budget. <br />The 2025-2029 Financial Plan was prepared in compliance to and in accordance with the <br />Lino Lakes City Charter Section 7.05. The Transmittal Letter, included in the report, gives <br />a full overview of the Plan. The Financial Section focuses on all city funds, while the <br />Capital Improvement Program (including Appendix A and B) focuses on the capital <br />project and enterprise funds. The Project Detail in Appendix A appears as follows: <br />1. Project Type <br />2. Project Year <br />3. Project Name <br />The Plan has two Capital Improvement Programs: Citywide and Community <br />Development. Citywide capital expenditures are reviewed during the annual budget <br />Page 1 of 4 <br />