HomeMy WebLinkAbout2017-142 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 17-142
RESOLUTION ADOPTING THE FINAL 2018 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 2018:
2018 FINAL GENERAL FUND BUDGET
REVENUES:
Property Taxes $8,214,859
Intergovernmental Revenue 645,367
Licenses & Permits 687,047
Charges for Services 295,771
Fines & Forfeitures 134,132
Interest on Investments 30,000
Miscellaneous 938,855
TOTAL FINAL GENERAL FUND REVENUES $10,946,031
EXPENDITURES:
Administration $1,400,780
Community Development 806,421
Public Safety 4,719,642
Public Services 2,701,288
Other 1,317,900
TOTAL FINAL GENERAL FUND EXPENDITURES $10,946,031
Adopted by the Council of the City of Lino Lakes this 11th day of December, 2017.
The motion for the adoption of the foregoing resolution was introduced by Council Member
Kusterman and was duly seconded by Council Member
vote being taken thereon, the following voted in favor thereof:
Kusterman, Manthey, Maher, Rafferty,
The following voted against same:
none
ATTEST:
Jufidnne Bartell, City Cler
Manthey
and upon
Jeff Reinert,
CITY COUNCIL
AGENDA ITEM 2A (ii)
STAFF ORIGINATOR: Sarah Cotton
MEETING DATE: December 11, 2017
TOPIC: Consider Resolution No. 17-142, Adopting the Final 2018 General
Fund Operating Budget
VOTE REQUIRED: 3/5
BACKGROUND
Minnesota State Statutes require the City of Lino Lakes to adopt and certify a final 2017 tax levy,
collectible in 2018 on or before December 29, 2017.
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 2018 budget is balanced with resources and expenditures of $10,946,031, which represents
a 6.57% increase from the 2017 adopted budget. The total increase to the base budget of $611,192
includes the following:
• Increase in contingencies for unknowns - $50,000
• Increase in pavement management funding - $27,100
• Capital outlay of $17,602 and $25,843 in police and fire, respectively
• Park & Trail Management - $500,000
$725,000 of accumulated General Fund Reserves are being used to balance the budget. This
maintains the general reserve balance at Council policy level of 50%.
The City Council needs to take final action to approve the budget at this time.
RECOMMENDATION
Staff recommends the approval of Resolution No. 17-142.
ATTACHMENTS
Resolution No. 17-142, Adopting the Final 2018 General Fund Operating Budget