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• <br />• <br />• <br />AGENDA ITEM 1B <br />STAFF ORIGINATOR Al Rolek <br />MEETING DATE March 23, 2009 <br />TOPIC Consideration of Resolution 09 -18 amending the 2009 <br />General Operating Budget for the City of Lino Lakes <br />VOTE REQUIRED <br />Simple Majority <br />Economic conditions and projected shortfalls in the State's biennial budget are expected <br />to have a significant impact on the City's budget for 2009. Staff has examined some of <br />the potential revenue shortfalls that may occur due to actions that may be taken during <br />this legislative session and other economic factors. We have also explored potential <br />savings in expenditures that may be realized due to personnel attrition and reallocation <br />of levy dollars. <br />Staff has prepared a listing of proposed budget adjustments for conditions that are <br />known today. This listing of proposed adjustments was discussed and considered by <br />the City Council at a work session held March 16. It was the consensus of the City <br />Council to take action to amend the 2009 budget as recommended by staff at the next <br />City Council meeting. Staff was directed to continue to monitor conditions as they may <br />unfold and report back to the City Council periodically. <br />Staff recommends that the City Council approve Resolution 09 -18 amending the 2009 <br />General Operating Budget. <br />1. Adopt Resolution 09 -18 amending the 2009 General Operating Budget. <br />2. Refer back to staff for further review. <br />Option 1 <br />