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adoption: <br />Council Member Reinert introduced the following resolution and moved its <br />CITY OF LINO LAKES <br />COUNTY OF ANOKA <br />RESOLUTION NO. 07-131 <br />RESOLUTION ADOPTING THE PROPOSED 2008 GENERAL OPERATING <br />BUDGET FOR THE CITY OF LINO LAKES. <br />WHEREAS, Pursuant to State Statute, the Lino Lakes City Council is required to adopt a resolution <br />setting out proposed General Fund revenues and expenditures for the upcoming fiscal year. <br />NOW, THEREFORE BE IT RESOLVED that the following Proposed General Fund operating budget be <br />adopted for 2008: <br />2008 PROPOSED GENERAL FUND BUDGET <br />REVENUES: <br />Property Taxes $7,778,236 <br />Licenses and Permits 642,500 <br />Intergovernmental Revenue 657,000 <br />Charges for Services 360,500 <br />Fines and Forfeitures 110,000 <br />Interest on Investments 200,000 <br />Miscellaneous 184,000 <br />TOTAL PROPOSED GENERAL FUND REVENUES $9.932.236 <br />EXPENDITURES: <br />Administration <br />Community Development <br />Public Safety <br />Public Services <br />Transfers <br />$1,375,702 <br />1,150,626 <br />3,942,918 <br />2,671,990 <br />791,000 <br />TOTAL PROPOSED GENERAL FUND EXPENDITURES $9.932.236 <br />-32b- <br />