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• <br />AGENDA ITEM 4B <br />STAFF ORIGINATOR Al Rolek <br />DATE December 6, 2000 <br />TOPIC Consideration of adopting Resolution 00 -123 adopting the final <br />2001 General Fund Operating Budget for the City of Lino Lakes <br />VOTE REQUIRED <br />BACKGROUND <br />Simple Majority <br />Truth in Taxation requires the City of Lino Lakes to adopt and certify a final 2001 operating budget <br />on or before December 28 of each year. <br />A Truth in Taxation public hearing was held on the budget on December 4 and continued to <br />December 11. A summary of the proposed budget was presented and discussed during the <br />public hearing and public testimony was received. <br />• The final 2001 budget represents a 8.70% increase over the 2000 budget. The City experienced <br />growth of 13.06% over the same period. <br />The City Council needs to take final action on the budget at this time. Staff recommendation is to <br />adopt Resolution 00 -123 approving the final 2001 General Fund Operating Budget. <br />• <br />OPTIONS <br />1. Adopt Resolution 00 -123 adopting the final 2001 General Fund Operating Budget. <br />2. Deny Resolution 00 -123. <br />RECOMMENDATION <br />Option 1 <br />