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2011-008 Council Resolution
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2011-008 Council Resolution
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Last modified
9/10/2014 10:55:01 AM
Creation date
9/5/2014 1:06:33 PM
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City Council
Council Document Type
Master List Resolution
Meeting Date
01/24/2011
Council Meeting Type
Regular
Resolution #
11-08
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• <br />• <br />• <br />AGENDA ITEM 2A <br />STAFF ORIGINATOR Al Rolek <br />MEETING DATE January 24, 2010 <br />TOPIC Consideration Resolution 11 -08 amending the 2010 General <br />Operating Budget for the City of Lino Lakes <br />VOTE REQUIRED <br />BACKGROUND <br />Simple Majority <br />Economic conditions and projected changes in budget projections have had a significant impact <br />on the City's budget for 2010. Staff has examined some of the potential budget areas that will <br />be impacted by these factors. The impacts include reductions in revenue areas affected by <br />economic conditions, such as building activities, investment of city funds, etc., as well as <br />changes in expenditure areas due predominantly to personnel vacancies, unemployment <br />insurance, reduction in fuel costs through the year, additional overtime for snow emergencies <br />and other factors. <br />Staff has prepared a listing of proposed budget adjustments for conditions that are known today <br />for City Council consideration. Staff recommends that the City Council approve Resolution 11- <br />08 amending the 2010 General Operating Budget. <br />OPTIONS <br />1. Adopt Resolution 11 -08. <br />2. Refer back to staff for further review. <br />RECOMMENDATION <br />Option 1 <br />
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