HomeMy WebLinkAbout2018-175 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 18-175
RESOLUTION ADOPTING THE FINAL 2019 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 2019:
2019 FINAL GENERAL FUND BUDGET
REVENUES:
Property Taxes
$8,232,124
Intergovernmental Revenue
577,106
Licenses & Permits
902,459
Charges for Services
303,259
Fines & Forfeitures
119,132
Interest on Investments
30,000
Miscellaneous
810,236
TOTAL FINAL GENERAL FUND REVENUES $10,974,316
EXPENDITURES:
Administration $1,413, 860
Community Development 822,423
Public Safety 4,998,131
Public Services 2,769,902
Other 970,000
TOTAL FINAL GENERAL FUND EXPENDITURES $10,974,316
BE IT FURTHER RESOLVED that $455,000 of the 2019 General Fund Reserve Balance be
committed as follows:
$375,000 — Recreation Complex Phase I
$50,000 — Veteran's Memorial
$30,000 — Bldg Permit Automation & Integration Project
Adopted by the Council of the City of Lino Lakes this 1 Otn day of December, 2018.
^` The motion for the adoption of the foregoing resolution was introduced by Council Member
Rafferty and was duly seconded by Council Member Maher and upon
vote being taken thereon, the following voted in favor thereof:
Rafferty, Maher,Manthey, Stoesz, Reinert
The following voted against same:
none
Jeff Reinert, yor
ATTEST:
Julianne Bartell, City Jerk
CITY COUNCIL
AGENDA ITEM 211 (ii)
STAFF ORIGINATOR: Sarah Cotton
MEETING DATE: December 10, 2018
TOPIC: Consider Resolution No. 18-175, Adopting the Final 2019 General
Fund Operating Budget
VOTE REQUIRED: 3/5
BACKGROUND
Minnesota State Statutes require the City of Lino Lakes to adopt and certify a final 2018 tax levy,
collectible in 2019 on or before December 28, 2018.
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 2019 budget is balanced with resources and expenditures of $10,974,316, which represents
,.� a 0.26% increase over the 2018 adopted budget. The total increase to the base budget for 2019 is
$404,400 and includes the following:
• Addition of a Building Inspector - $59,832
• Increased Pavement Management Funding - $62,100
• Increased Stormwater Management Funding - $15,000
• Capital outlay of $24,802 and $29,750 in police and fire, respectively
• Traffic Control Devices — Median Maintenance - $10,100
• Birch Park Bldg — Siding Replacement $15,000
• Country Lakes Park — EAB Removal - $24,000
• Increased Park Maintenance Funding - $21,000
• Summer Event Staging & Tents — $10,000
• Recreation Special Event Funding - $10,000
• Park & Trail Improvements - $90,000
$594,773 of accumulated General Fund reserves are being used to balance the 2019 budget. In
addition, the Council has expressed the desire to formally commit a portion of the General Fund
reserve balance as follows:
• $375,000 Recreation Complex Phase I
• $50,000 Veteran's Memorial
• $30,000 Bldg Permit Automation & Integration Project
This maintains the Unassigned Fund Balance of 50% of operating expenditures, consistent with the
current Fund Balance policy.
The City Council needs to take final action to approve the budget at this time.
RECOMMENDATION
Staff recommends the approval of Resolution No. 18-175.
ATTACHMENTS
Resolution No. 18-175