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COUNCIL MEETING <br />October 15, 1985 <br />Page -25- <br />CONSIDERATION OF RESOLUTION #85 -20. AMENDING 1985 BUDGET <br />Mayor Benson said the effect of the Resolution is to adjust for <br />the settlement of the Police union contract and for the additional <br />insurance costs. Mr. Reinert noted that the City of Circle Pines <br />will be increasing their mill rate in 1986 and a large part of <br />this increase was due to a large insurance premium increase. Lino <br />Lakes is not the only City feeling the additional insurance premium <br />burden. <br />Mr. Reinert moved to approve Resolution #85 -20 amending the 1985 op- <br />erating budget and waive the reading thereof. Mr. Marier seconded <br />the motion. Motion carried unanimously. <br />RESOLUTION #85 - 20 <br />RESOLUTION AMENDING THE 1985 ANNUAL OPERATING BUDGET <br />FOR THE CITY OF LINO LAKES <br />WHEREAS, pursuant to the City Charter, Section 7.08, any alter- <br />ations in the budget must be made by Council Resolution, <br />and <br />WHEREAS, adjustments have been made in the areas of police sal- <br />aries and insurance expense for all departments. <br />NOW, THEREFORE, BE IT RESOLVED: <br />that the following amended operating budget be tdopted <br />for 1985: <br />1985 AMENDED BUDGET <br />Receipts• <br />Levy $775,000 <br />MSA Roads 13,000 <br />State Aid 196,308 <br />City Services 96,500 <br />Police Receipts 83,300 <br />Refunds & Reimbursements 16,567 <br />Federal Revenue Sharing 41,760 <br />Total Receipts $1,222,435 <br />Reserved for Transfers 50,000 <br />1984 Accumulated Year End Surplus 156,695 <br />Total All Receipts $1,429,130 <br />Disbursements; Original Amended <br />Mayor & Council 18,450 21,915 <br />-Elections and Voters Regi- stration 3,-000 3,000 <br />1 <br />