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cWevised <br />A ENDA ITEM 2A (ii) <br />STAFF ORIGINATOR Al Rolek <br />MEETING DATE December 12, 2011 <br />TOPIC Consideration of adopting Resolution No. 11 -124 adopting the final <br />2012 General Fund Operating Budget for the City of Lino Lakes <br />VOTE REQUIRED <br />BACKGROUND <br />Simple Majority <br />gz) <br />State Statutes require the City of Lino Lakes to adopt and certify a final 2012 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 2.88% decrease from the 2011 adopted budget. The City's <br />tax base contracted by about 5.0% over the same period. The City's tax levy for 2012 will <br />decrease by approximately 5.00% from the 2011 levy. The budget as presented eliminates 2.875 <br />FTE staff positions. Resources for capital outlay and equipment replacement, street and storm <br />drainage maintenance and repair and a contingency for unforeseen circumstances are included in <br />the 2012 budget. <br />The City Council needs to take final action on the budget at this time. Staff recommendation is to <br />adopt Resolution No. 11 -124 approving the final 2012 General Fund Operating Budget. <br />OPTIONS <br />1. Adopt Resolution No. 11 -124. <br />2. Refer to Staff for further review. <br />RECOMMENDATION <br />Option 1 <br />