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• <br />AGENDA ITEM 2B <br />STAFF ORIGINATOR Al Rolek <br />MEETING DATE December 19, 2005 <br />TOPIC Consideration of adopting Resolution 05-202 adopting the final <br />2006 General Fund Operating Budget for the City of Lino Lakes <br />VOTE REQUIRED <br />BACKGROUND <br />Simple Majority <br />State Statutes require the City of Lino Lakes to adopt and certify a final 2006 operating budget on <br />or before December 28. <br />A Truth in Taxation public hearing was held on the budget on December 12. A summary of the <br />proposed budget and tax levy was presented and discussed during the public hearing and public <br />testimony was received. No changes have been made to the proposed budget since it was adopted <br />on September 12, and no recommendations for changes were made in ensuing work sessions. <br />• The final 2006 budget represents a 5.68% increase from the 2005 budget. The City experienced <br />growth in the tax base of 11.92% over the same period. The budget provides resources for Council <br />priorities, additional staff positions, salary and wage adjustments, capital outlay and equipment <br />replacement, and street maintenance and repair. <br />The City Council needs to take final action on the budget at this time. Staff recommendation is to <br />adopt Resolution 05-202 approving the final 2006 General Fund Operating Budget. <br />OPTIONS <br />1. Adopt Resolution 05-202 adopting the final 2006 General Fund Operating Budget. <br />2. Refer to Staff for further review. <br />3. Deny Resolution 05 -202. <br />RECOMMENDATION <br />Option 1 <br />• <br />A -2 <br />