HomeMy WebLinkAbout2016-163 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 16-163
`-- RESOLUTION ADOPTING THE FINAL 2017 GENERAL FUND OPERATING
BUDGET
WHEREAS, pursuant to Minnesota State Statute, the Lino Lakes City Council is required to
adopt a resolution setting out final General Fund revenues and expenditures for the upcoming
fiscal year.
NOW, THEREFORE BE IT RESOLVED by The City Council of The City of Lino Lakes,
that the following final General Fund operating budget be adopted for 2017:
2017 FINAL GENERAL FUND BUDGET
REVENUES:
Property Taxes $7,424,931
Intergovernmental Revenue 681,409
Licenses & Permits 612,753
Charges for Services 288,800
Fines & Forfeitures 175,600
Interest on Investments 30,000
Miscellaneous 1,058,065
TOTAL FINAL GENERAL FUND REVENUES $10,271,558
EXPENDITURES:
Administration $1,372,708
Community Development 833,378
Public Safety 4,633,458
Public Services 2,816,214
Other 615,800
TOTAL FINAL GENERAL FUND EXPENDITURES $10,271,558
Adopted by the Council of the City of Lino Lakes this 12th day of December, 2016.
The motion for the adoption of the foregoing resolution was introduced by Council Member
Maher and was duly seconded by Council Member Manthey and upon
vote being taken thereon, the following voted in favor t
Maher, Manthey, :Rafferty, Kuste an, Rem ert
The following voted against same:
none
ATTEST:
u
J
e Bartell, City (1lerk
Jeff Rein: or
CITY COUNCIL
AGENDA ITEM 2B(ii)
STAFF ORIGINATOR: Sarah Cotton
MEETING DATE: December 12, 2016
TOPIC: Consider Resolution No. 16-163, Adopting the Final 2017 General
Fund Operating Budget
VOTE REQUIRED: 3/5
BACKGROUND
Minnesota State Statutes require the City of Lino Lakes to adopt and certify a final 2016 tax levy,
collectible in 2017 on or before December 28, 2016.
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 2017 budget represents a 4.00% increase from the 2016 adopted budget. The budget
includes resources for on-going city operations, capital outlay and equipment replacement, and
the addition of three staff positions (1 PT CSO, 1 PT Office Specialist, and 1 PT to FT Office
Specialist). A contingency for unforeseen circumstances is also included in the budget.
Accumulated General Fund Reserves 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 the approval of Resolution No. 16-163.
ATTACHMENTS
Resolution No. 16-163, Adopting the Final 2017 General Fund Operating Budget