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• <br />• <br />• <br />CITY COUNCIL <br />AGENDA ITEM 2B <br />STAFF ORIGINATOR Al Rolek <br />MEETING DATE December 10, 2012 <br />TOPIC Consideration Resolution 12 -126 amending the 2012 General Operating <br />Budget for the City of Lino Lakes <br />VOTE REQUIRED Simple Majority <br />BACKGROUND <br />The City Council has made a number of fiscal decisions through the year which have an impact on the <br />general operating budget. Additionally, economic conditions and projected changes in budget projections <br />have had a significant impact on the City's budget for 2012. Staff has examined the potential budget <br />areas that will be impacted by these factors. The impacts include reductions in revenue areas affected by <br />economic conditions, such as building activities, etc., as well as changes in expenditure areas due to <br />personnel changes, changes to contracted services, transfers for street reconstruction and park land loans <br />and other factors. <br />Staff has prepared a listing of proposed budget adjustments for conditions that are known today for City <br />Council consideration. Staff recommends that the City Council approve Resolution 12 -126 amending the <br />2012 General Operating Budget. <br />RECOMMENDATION <br />Staff recommends adoption of Resolution 12 -126. <br />ATTACHMENTS <br />Resolution 12 -126. <br />