HomeMy WebLinkAboutResolution 24-168CITY OF LINO LAKES
RESOLUTION NO. 24-168
ADOPTING THE 2025 FINAL BUDGET AND LEVY
WHEREAS, the City of Lino Lakes has developed a 2025 budget and resulting tax levy for
taxes payable 2025; and
WHEREAS, after holding budget work sessions, the City Council adopted a 2025
preliminary levy on September 23, 2024, and certified such levy to the County Auditor; and
WHEREAS, the City Council has continued to meet and refine the 2025 budget and levy;
and
WHEREAS, Minnesota Statutes require the final adopted 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 a
2025 budget for the following funds be adopted as presented:
Fund
Revenues
Expenditures
General Fund
$14,050,323
$14,050,323
Rookery Activity Center
$1,932,569
$1,861,747
Water Fund
$3,069,832
$3,069,832
Sewer Fund
$3,845,752
$3,845,752
Storm Water Fund
$554,540
$512,098
BE IT FURTHER RESOLVED that $15,591,090 be levied and spread for taxes payable 2025.
The amount levied is for the following purposes:
Operating Levy $ 14,308,879
Debt Levy
G.O. Bond 2015A 269,864
EDA Lease Revenue Bond 2015 318,557
G.O. Bond 2018A 484,215
G.O. Bond 2021A _ 209,575
$1,282,211
Adopted by the City Council of the City of Lino Lakes this 9th day of December 2024.
ATTEST:
Roberta Colotti, CIVIC, City Clerk
Rd"a erty, Mayor