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• <br />AGENDA ITEM 2A (ii) <br />STAFF ORIGINATOR Al Rolek <br />MEETING DATE December 13, 2010 <br />TOPIC Consideration of adopting Resolution No. 10 -111 adopting the final <br />2011 General Fund Operating Budget for the City of Lino Lakes <br />VOTE REQUIRED <br />BA CKGROUND <br />Simple Majority <br />State Statutes require the City of Lino Lakes to adopt and certify a final 2011 General Fund <br />operating budget on or before December 28. <br />A public hearing was held tonight to take public comment on the budget. A summary of the <br />proposed budget and tax levy was presented and discussed during the public hearing. <br />• The final 2011 budget represents a 0.23% decrease from the 2010 adopted budget. The City's <br />tax base contracted by about 9.5% over the same period. The City's tax levy for 2011 will <br />decrease by approximately 0.40% from the 2010 levy. The budget as presented eliminates 3.5 <br />FTE staff positions accomplished through attrition and shifts in work responsibilities. Resources <br />for capital outlay and equipment replacement, street and storm drainage maintenance and repair <br />and a contingency for unforeseen circumstances are included in the 2011 budget. <br />The City Council needs to take final action on the budget at this time. Staff recommendation is to <br />adopt Resolution No. 10 -111 approving the final 2011 General Fund Operating Budget. <br />CPT!ONS <br />1. Adopt Resolution No. 10 -111. <br />2. Refer to Staff for further review. <br />3. Deny Resolution No. 10 -111. <br />RECOMMENDATION <br />Option 1 <br />• <br />A -3 <br />