HomeMy WebLinkAboutResolution 23-131 CITY OF LINO LAKES
RESOLUTION NO. 23-131
ADOPTING THE FINAL 2024 BUDGET AND TAX LEVY
WHEREAS, the City of Lino Lakes has developed a 2024 budget and resulting tax levy for
taxes payable 2024, and
WHEREAS, after holding budget work sessions, the City Council adopted a preliminary
2024 budget and tax levy on September 25, 2023, and certified such levy to the County Auditor,
and
WHEREAS, the City Council has continued to meet and refine the 2024 budget and tax
levy, and
WHEREAS, Minnesota State Statutes require the final adopted tax levy be certified to the
County Auditor on or before five working days after December 20.
NOW, THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes, Minnesota that
$14,120,928 be levied and spread for taxes payable 2024. The amount levied is for the following
purposes:
Operating Levy $ 12,833,204
Debt Levy
G.O. Bond 2015A 274,589
EDA Lease Revenue Bond 2015 319,765
G.O. Bond 2018A 485,475
G.O. Bond 2021A 207,895
$1,287,724
BE IT FURTHER RESOLVED that a 2024 budget for the following funds be adopted as
presented.
Fund Revenues Expenditures
General Fund $13,168,968 $13,168,968
Rookery Activity Center $1,961,920 $1,950,654
Water Fund $2,284,343 $2,060,890
Sewer Fund $2,398,265 $2,398,265
Storm Water Fund $549,470 $549,470
Adopted by the City Council of the City of Lino Lakes this 11th day of December, 2023.
o P—.
Rob Rafferty, Mayor
ATTEST:
Jolleen Chaika, City Clerk