HomeMy WebLinkAbout2008-146 Council ResolutionCouncil Member O' Donnell introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 08 -146
RESOLUTION ADOPTING THE FINAL 2009 GENERAL OPERATING
BUDGET FOR THE CITY OF LINO LAKES.
WHEREAS, Pursuant to State Statute, the Lino Lakes City Council is
resolution
upcoming fiscal year.
setting out final General Fund revenues and
NOW THEREFORE BE IT RESOLVED: That the following final General Fund
adopted for 2008:
2009 FINAL GENERAL FUND BUDGET
REVENUES:
Property Taxes
Intergovernmental Revenue
Licenses and Permits
Charges for Services
Fines & Forfeitures
Interest on Investments
Miscellaneous
TOTAL FINAL GENERAL FUND REVENUES
EXPENDITURES:
Administration
Community Development
Public Safety
Public Services
Other
TOTAL FINAL GENERAL FUND EXPENDITURES
$8,130,172
652,000
491,050
307,500
130,000
175,000
179,000
$10,064,722
$1,365,223
1,049,435
4,094,285
2,901,647
654,132
$10,064,722
Adopted by the Lino Lakes City Council this 15th day of December, 2008.
required to adopt a
expenditures for the
operating budget be
The motion for the adoption of the foregoing resolution was duly seconded by Council Member
Gallup and upon vote being taken thereon, the following voted in favor thereof:
O'Donnell, Gallup, Stoltz, Bergeson
The following voted against same:
Re4Inert
Whereupon said resolution was declared duly passed and a• :: -d.
ne Bartell, City
Jot %Berg on, ayor
•
AGENDA ITEM 2B
STAFF ORIGINATOR Al Rolek
MEETING DATE December 15, 2008
TOPIC Consideration of adopting Resolution 08 -146 adopting the final
2009 General Fund Operating Budget for the City of Lino Lakes
VOTE REQUIRED
Simple Majority
State Statutes require the City of Lino Lakes to adopt and certify a final 2009 General Fund
operating budget on or before December 29.
A Truth in Taxation public hearing was held on the budget on December 8. A summary of the
proposed budget and tax levy was presented and discussed during the public hearing and public
testimony was received.
The final 2009 budget represents a 1.58% increase from the 2008 budget. The City experienced
growth in the tax base of 4.34% over the same period. The City's levy for 2009 will increase by
4.26 %. The budget provides resources for Council priorities, personnel cost adjustments, capital
outlay and equipment replacement, street and storm drainage maintenance and repair and a
contingency for unforeseen circumstances.
The City Council needs to take final action on the budget at this time. Staff recommendation is to
adopt Resolution 08 -146 approving the final 2009 General Fund Operating Budget.
1. Adopt Resolution 08 -146.
2. Refer to Staff for further review.
3. Deny Resolution 08 -146.
'DATION'
Option 1