HomeMy WebLinkAboutResolution 23-018 CITY OF LINO LAKES
RESOLUTION NO. 23-18
ACCEPTING THE 2023-2027 FINANCIAL PLAN
WHEREAS, a Five-Year Financial Plan has been prepared in accordance with the Lino Lakes
City Charter Section 7.05; and
WHEREAS, the Financial Plan is a guiding document to be used for decision making; and
WHEREAS,preparation of the Financial Plan and annual budget are closely linked; and
WHEREAS,projects and financing sources outlined in the Financial Plan are not authorized
until the annual budget is adopted by Council.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lino Lakes, that:
1) A public hearing was held on the 2023-2027 Financial Plan.
2) The 2023-2027 Financial Plan is accepted as presented.
Adopted by the City Council of the City of Lino Lakes this 13th day of February 2023.
The motion for the adoption of the foregoing resolution was introduced by Co ncilmember
L 1c r and was duly seconded by Councilmember RUNQfO and upon vote
beingbeingitaken thereon, the following voted in favor thereof: .. d-6) , S c ;1 -FFer
Rv iIGnd
The following voted against same: Ko'(l-e
b Ra ferty, Mayor
ATTEST:
Hannah Lynch, City erk
CITY COUNCIL
AGENDA ITEM 2A
STAFF ORIGINATOR: Hannah Lynch, Finance Director
MEETING DATE: February 13, 2023
TOPIC: 2023-2027 Financial Plan
VOTE REQUIRED: 3/5
INTRODUCTION
The City Council will hold a public hearing on the 2023-2027 Financial Plan. Following the
public hearing, staff recommends considering accepting the 2023-2027 Financial Plan.
BACKGROUND
The City Council reviewed a Draft 2023-2027 Financial Plan at its February 6, 2023 Work
Session.No changes to the Plan were recommended.
The Plan was prepared in accordance to the Lino Lakes City Charter Section 7.05. The Plan is a
guiding document to be used for decision making. The Plan will be updated on an annual basis
with the first year projects and financing sources considered for adoption as part of the annual
budget process.
RECOMMENDATION
Staff recommends consideration of Resolution No. 23-18, Accepting the 2023-2027 Financial
Plan.
ATTACHMENTS
Resolution No. 23-18
2023-2027 Financial Plan