HomeMy WebLinkAbout2009-018 Council Resolution•
Council Member Stoltz introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 09-18
RESOLUTION AMENDING THE 2009 GENERAL OPERATING BUDGET
WHEREAS, the City Council has adopted a general operating budget for 2009, and,
WHEREAS, changes in economic conditions and shortfalls in the revenue forecasts for the State of
Minnesota has made it necessary for the City Council to reconsider portions of the adopted
general operating budget, and,
WHEREAS, it is good management and accounting practice to amend the general operating budget to
reflect such changes.
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Lino Lakes that the general
operating budget for 2009 be amended as follows:
REVENUES:
ACCOUNT
101 - 3010 -000
101 - 3341 -000
101 - 3620 -000
EXPENDITURES:
ACCOUNT
General Property Tax
Market Value Homestead Credit
Interest on Investments
TOTAL AMENDMENTS
101 - 402 -41xx -000 Admin Personal Services
101 - 420 -41xx -000 Police Personal Services
101- 430 -41 xx -000 Streets Personal Services
101 - 430 -41xx -000 Parks Personal Services
101 - 499 -4910 -000 Transfers — Capital Equipment
TOTAL AMENDMENTS
ADJUSTMENT
AMOUNT
$ 12,500
(250,000)
(50,000)
$ (287.500)
ADJUSTMENT
AMOUNT
$ (59,151)
(77,611)
(32,467)
(32,467)
(85,804)
$ (287,500)
Adopted by the Lino Lakes City Council this 23rd day of March, 2009.
The rotiinpn er foLthe adoption of the foregoing resolution was duly seconded by Council Member
e and upon vote being taken thereon, the following voted in favor
thereof:
Stoltz, Reinert, O'Donnell, Gallup, Bergeson
The following voted against same:
Whereupon said resolution was declared duly passed and adopt
Bartell, City C -rk
John . Berge,•, M. 'or
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AGENDA ITEM 1B
STAFF ORIGINATOR Al Rolek
MEETING DATE March 23, 2009
TOPIC Consideration of Resolution 09 -18 amending the 2009
General Operating Budget for the City of Lino Lakes
VOTE REQUIRED
Simple Majority
Economic conditions and projected shortfalls in the State's biennial budget are expected
to have a significant impact on the City's budget for 2009. Staff has examined some of
the potential revenue shortfalls that may occur due to actions that may be taken during
this legislative session and other economic factors. We have also explored potential
savings in expenditures that may be realized due to personnel attrition and reallocation
of levy dollars.
Staff has prepared a listing of proposed budget adjustments for conditions that are
known today. This listing of proposed adjustments was discussed and considered by
the City Council at a work session held March 16. It was the consensus of the City
Council to take action to amend the 2009 budget as recommended by staff at the next
City Council meeting. Staff was directed to continue to monitor conditions as they may
unfold and report back to the City Council periodically.
Staff recommends that the City Council approve Resolution 09 -18 amending the 2009
General Operating Budget.
1. Adopt Resolution 09 -18 amending the 2009 General Operating Budget.
2. Refer back to staff for further review.
Option 1