HomeMy WebLinkAbout2022-159 Council Resolution CITY OF LINO LAKES
RESOLUTION NO. 22-159
ADOPTING THE 2023 CAPITAL EQUIPMENT FUND BUDGET
WHEREAS,the City Council has reviewed the proposed 2023 Capital Equipment Replacement
Fund budget during their budget works sessions, and
NOW, THEREFORE BE IT RESOLVED by The City Council of The City of Lino Lakes,
that the following Capital Equipment Replacement Fund Budget for the year 2023 is hereby
adopted:
2023 CAPITAL EQUIPMENT FUND BUDGET
REVENUES $663,714
Operating Tax Levy $325,000
Use of Fund Reserves $271,750
Sale of Fixed Assets $66,964
EXPENDITURES $661,830
Police
Primary Response Vehicle $60,610
Primary Response Vehicle $60,610
Primary Response Vehicle $60,610
Admin Response Vehicle $51,000
Public Services
John Deere Tractor $20,000
1 Ton Truck w/Dump Box and Plow $87,000
Zero Turn Mower $17,000
Dump Truck w/Plow $305,000
Adopted by the Council of the City of Lino Lakes this 12th day of December, 2022.
The motion for the adoption of the foregoing resolution was introduced by Council Member
LVde Th and was duly seconded by Council Member Cc n and upon
vote being taken thereon, the following voted in favor thereof: gQcccrivi Cawegn
The following voted against same: None
c
ob R fferty, Mayor
ATT
Julianne Bartell, City Clerk
CITY COUNCIL
AGENDA ITEM 2A (v)
STAFF ORIGINATOR: Hannah Lynch, Finance Director
MEETING DATE: December 12, 2022
TOPIC: Consider Resolution No. 22-159, Adopting the 2023 Capital
Equipment Fund Budget
VOTE REQUIRED: 3/5
BACKGROUND
The City Council has reviewed the proposed 2023 Capital Equipment Replacement Fund Budget
during their scheduled budget work sessions. The Capital Equipment Replacement Fund is a capital
project fund which replaces and adds capital vehicles and equipment for the Public Safety and Public
Services departments. The fund is supported by an operating tax levy, but is also utilizing fund
reserves in 2023.
RECOMMENDATION
Staff recommends the approval of Resolution No. 22-159.
ATTACHMENTS
Resolution No. 22-159