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