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• <br />AGENDA ITEM 3A <br />STAFF ORIGINATOR Al Rolek <br />DATE September 4, 2002 <br />TOPIC Consideration Resolution 02 -104 adopting the proposed 2003 <br />Operating Budget for the City of Lino Lakes <br />VOTE REQUIRED <br />BACKGROUND <br />Simple Majority <br />Minnesota State Statutes require the City of Lino Lakes to adopt and certify a proposed 2003 <br />operating budget on or before September 15th of each year. <br />The 2003 budget is proposed with a 4.04% increase over the 2002 budget. The City experienced <br />a market value growth of 16.59% over the same period. <br />The departmental budgets within the proposed budget will be further reviewed by the City Council <br />and staff between September 9th and December 9th, for changes, if needed. <br />OPTIONS <br />1. Adopt Resolution 02 -104 adopting the proposed 2003 Operating Budget. <br />2. Refer back to staff for further review. <br />RECOMMENDATION <br />Option 1 <br />