HomeMy WebLinkAbout2020-155 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 20-155
RESOLUTION ADOPTING THE FINAL 2021 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 2021:
2021 FINAL GENERAL FUND BUDGET
REVENUES:
Property Taxes $9,271,367
Intergovernmental Revenue 631,523
Licenses & Permits 943,019
Charges for Services 301,059
Fines & Forfeitures 106,100
Interest on Investments 30,000
Miscellaneous 236,332
TOTAL FINAL GENERAL FUND REVENUES $11,519,400
EXPENDITURES:
Administration $1,487,143
Community Development 834,741
Public Safety 5,443,612
Public Services 2,752,791
Other 1,001,113
TOTAL FINAL GENERAL FUND EXPENDITURES $11,519,400
Adopted by the Council of the City of Lino Lakes this 14th day of December, 2020.
The motion for the adoption of the foregoing resolution was introduced by Council Member
Lyden and was duly seconded by Council Member _ Cavegn and upon
vote being taken thereon, the following voted in favor thereof:
Stoesz, Ruhland, Lyden, Cavegn, Rafferty
The following voted against same:
None
ATTEST:
Bartell, Cit Clerk
CITY COUNCIL
AGENDA ITEM 2A (ii)
STAFF ORIGINATOR: Hannah Lynch
MEETING DATE: December 14, 2020
TOPIC: Consider Resolution No. 20-155, Adopting the Final 2021 General
Fund Operating Budget
VOTE REQUIRED: 3/5
BACKGROUND
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 2021 budget is balanced with revenues and expenditures of $11,519,400, which represents
a 2.90% increase over the 2020 adopted budget. The total increase to the base budget for 2021 is
$308,970 primarily due to:
Increases
• Increased IT Consultant funding - $13,804
• Police Personnel Additions - $101,901
• Police Other Services and Charges - $23,705
• Fire Turn -Out Gear Replacement funding - $28,400
• Net Street Expenses - $47,500 (Mulch & Plantings, Street Lights, Message Sign)
• Increased Liability & Property Insurance Premiums - $18,603
• Net Park Expenses - $71,000 (Engineered Wood Fiber, Wenzel Park Boardwalk,
Engineering, Trail Repairs, Sunrise Park Rink Lights, Marshan Boardwalk)
• Increased Pavement Management funding - $81,113
Decreases
• Decreased Elections Administration funding - $31,290
• Decreased Recreation funding - $19,600
• Decreased Parks & Trail Improvement funding - $30,000
The 2021 budget is balanced with the the use of reserves in the amount of $21,832. It should be
noted that $200,000 of reserves and $380,000 of transfers from other funds were used to balance the
2020 adopted budget.
This maintains an Unassigned Fund Balance of 51% 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. 20-155.
ATTACHMENTS
Resolution No. 20-155