2014-148 Council Resolution - Laserfiche WebLink

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CITY COUNCIL AGENDA ITEM 2A (ii) STAFF ORIGINATOR Al Rolek MEETING DATE December 8, 2014 TOPIC Consideration of adopting Resolution No. 14-148 adopting the final 2015 General Fund Operating Budget for the City of Lino Lakes VOTE REQUIRED BACKGROUND Simple Majority State Statutes require the City of Lino Lakes to adopt and certify a final 2015 General Fund operating budget on or before December 28. A public hearing was held tonight to take public comment on the budget. A summary of the proposed budget and tax levy was presented and discussed during the public hearing. The final 2015 budget represents a 9.9% increase from the 2014 adopted budget. The budget includes one- time preparation and startup costs for the new Lino Lakes Fire Department, which will begin operations in January 2016, as well as the City's contribution to the Centennial Fire District. Also included are the additions of an assistant administrator, a public safety administrative assistant and a full-time patrol officer, as well as cross training for current police personnel involved in fire/rescue operations. Funding for street maintenance efforts is increased and storm drainage maintenance and repair efforts are maintained for 2015. A contingency for unforeseen circumstances is also included in the budget. Capital equipment replacement needs will be met through the use of debt financing for the coming year. Accumulated prior year budget surpluses and the use Closed Bond Fund proceeds toward one-time fire start-up costs are being used to balance the budget. The City Council needs to take final action to approve the budget at this time. RECOMMENDATION Staff recommends adoption of Resolution 14-148. ATTACHMENTS Resolution 14-148. A-2