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2004-190 Council Resolution
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2004-190 Council Resolution
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Last modified
11/13/2014 11:08:11 AM
Creation date
11/13/2014 9:22:06 AM
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City Council
Council Document Type
Master List Resolution
Meeting Date
12/20/2004
Council Meeting Type
Regular
Resolution #
04-190
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AGENDA ITEM 2B <br />STAFF ORIGINATOR Al Rolek <br />MEETING DATE December 20, 2004 <br />TOPIC Consideration of adopting Resolution 04 -190 adopting the final <br />2005 General Fund Operating Budget for the City of Lino Lakes <br />VOTE REQUIRED <br />BACKGROUND` <br />Simple Majority <br />State Statutes require the City of Lino Lakes to adopt and certify a final 2005 operating budget on <br />or before December 28. <br />A Truth in Taxation public hearing was held on the budget on December 13. A summary of the <br />proposed budget and tax levy was presented and discussed during the public hearing and public <br />testimony was received. No changes have been made to the proposed budget since it was <br />adopted on September 13, and no recommendations for changes were made in ensuing work <br />sessions. <br />• The final 2005 budget represents a 19.86% increase from the 2004 budget. The City experienced <br />growth in the tax base of 14.60% over the same period. The budget provides resources for <br />Council priorities, additional staff positions, salary and wage adjustments, capital outlay and <br />equipment replacement, street maintenance and repair and a contingency for unforeseen <br />emergencies. <br />• <br />The City Council needs to take final action on the budget at this time. Staff recommendation is to <br />adopt Resolution 04 -190 approving the final 2005 General Fund Operating Budget. <br />OPTIONS; <br />1. Adopt Resolution 04 -190 adopting the final 2005 General Fund Operating Budget. <br />2. Refer to Staff for further review. <br />3. Deny Resolution 04 -190. <br />RECOMMENDATION <br />Option 1 <br />
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