HomeMy WebLinkAbout2019-168 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 19-168
RESOLUTION ADOPTING THE FINAL 2020 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 2020:
2020 FINAL GENERAL FUND BUDGET
REVENUES:
Property Taxes $8,407,756
Intergovernmental Revenue 616,459
Licenses & Permits 932,346
Charges for Services 297,337
Fines & Forfeitures 116,100
Interest on Investments 30,000
Miscellaneous 795,172
TOTAL FINAL GENERAL FUND REVENUES $11,195,170
EXPENDITURES:
Administration $1,501,289
Community Development 816,922
Public Safety 5,135,173
Public Services 2,738,786
Other 1,003,000
TOTAL FINAL GENERAL FUND EXPENDITURES $11,195,170
Adopted by the Council of the City of Lino Lakes this 9th day of December, 2019.
The motion for the adoption of the foregoing resolution was introduced by Council Member
Manthey and was duly seconded by Council Member Stoesz and upon
vote being taken thereon, the following voted in favor thereof:
Manthey, SToesz, Rafferty, Maher, R,�inert
The following voted against same:
none
ATTEST:
Julia Bartell, City JCler
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Jeff Reinert, XVl yor
CITY COUNCIL
AGENDA ITEM 2A (ii)
STAFF ORIGINATOR: Sarah Cotton
MEETING DATE: December 9, 2019
TOPIC: Consider Resolution No. 19-168, Adopting the Final 2020 General
Fund Operating Budget
VOTE REQUIRED: 3/5
BACKGROUND
Minnesota State Statutes require the City of Lino Lakes to adopt and certify a final 2019 tax levy,
collectible in 2020 on or before December 30, 2019.
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 2020 budget is balanced with resources and expenditures of $11,195,170, which represents
a 2.01% increase over the 2019 adopted budget. The total increase to the base budget for 2020 is
$141,342 and includes the following:
• Increased funding to cover cost of administering four elections in 2020 - $32,268
• Increased information technology support and program funding - $19,419
• Increased Pavement Management funding - $31,500
• Decreased Stormwater Management funding - $10,000
• Police Capital Outlay - $32,317
• Net increase to Fleet Supplies - $15,000 (Fuel/Shop Parts)
• Decreased Summer Playground Program funding - $10,000
$200,000 of accumulated General Fund reserves and a transfer of $380,000 from the Closed Bond
Fund are being used to balance the 2020 budget.
This maintains an 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. 19-168.
ATTACHMENTS
Resolution No. 19-168