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OPTIONS; <br />• <br />• <br />• <br />280_ <br />AGENDA ITEM 2C <br />STAFF ORIGINATOR Al Rolek <br />MEETING DATE December 12, 2011 <br />TOPIC Consideration Resolution 11 -131 amending the 2011 General <br />Operating Budget for the City of Lino Lakes <br />VOTE REQUIRED <br />BACKGROUND <br />Simple Majority <br />The City Council has made a number of fiscal decisions through the year which have an impact <br />on the general operating budget. Additionally, economic conditions and projected changes in <br />budget projections have had a significant impact on the City's budget for 2011. Staff has <br />examined the potential budget areas that will be impacted by these factors. The impacts include <br />reductions in revenue areas affected by economic conditions, such as building activities, <br />investment of city funds, etc., as well as changes in expenditure areas due predominantly to <br />personnel changes, unemployment insurance, increases in fuel costs through the year, <br />changes to contracted services, transfers for street reconstruction and park land loans and <br />other factors. <br />Staff has prepared a listing of proposed budget adjustments for conditions that are known today <br />for City Council consideration. Staff recommends that the City Council approve Resolution 11- <br />131 amending the 2011 General Operating Budget. <br />1. Adopt Resolution 11 -131. <br />2. Refer back to staff for further review. <br />RECOMMENDATION; <br />Option 1 <br />