HomeMy WebLinkAbout2011-008 Council Resolution•
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Council Member O'Donnell introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 11 -08
RESOLUTION AMENDING THE 2010 GENERAL OPERATING BUDGET
WHEREAS, the City Council has adopted a general operating budget for 2010, and,
WHEREAS, changes in economic conditions and changes in budget forecasts 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 2010 be amended as follows:
REVENUES:
ACCOUNT
101 - 3010 -000
101 - 3040 -000
101 - 3050 -000
101 - 3250 -000
101 - 3251 -000
101 - 3225 -000
101 - 3422 -000
101 - 3510 -000
101 - 3511 -000
101 - 3620 -000
101 - 3730 -000
101 - 3920 -000
EXPENDITURES:
General Property Tax
Fiscal Disparities
Tax Increments
Building Permit Fees
Plan Inspection Fees
Lodging Tax
Police Other Revenue
Fines & Forfeits
ACE Fees
Interest on Investments
Refunds & Reimbursements
Operating Transfers In
TOTAL AMENDMENTS
ACCOUNT
101- 401 -4300 -000
101- 402-41 xx -000
101 -414- 4301 -000
101 -415 -4900 -000
101 -417 -4300 -000
101- 418- 4141 -000
101- 420-41 xx -000
101- 420 -4214 -000
101 - 430 -41xx -000
101- 430 -4385 -000
101- 431-41 xx -000
101- 431 -4212 -000
101- 450-41 xx -000
101 - 451 -4141 -000
101- 499 -4910 -000
Mayor /Council Professional Svc
Admin Personal Services
General Legal
Econ Devel Marketing
Engineering Professional Svc
Comm Devel Unemployment
Police Personal Services
Police Crime Prevention /Safety
Streets Personal Services
Streets Street Lights
Fleet Personal Services
Fleet Fuel
Parks Personal Services
Recreation Unemployment
Operating Transfers Out
TOTAL AMENDMENTS
ADJUSTMENT
AMOUNT
$(1,054,200)
965,000
123,000
(74,000)
(38,000)
40,000
10,000
(15,000)
15,000
(40,000)
10,000
(50,000)
$ (108,200)
ADJUSTMENT
AMOUNT
$ 13,000
(95,200)
10,000
40,000
(50,000)
10,000
(90,000)
4,000
5,000
10,000
10,000
(50,000)
10,000
10,000
55.000
$ (108,200)
Adopted by the Lino Lakes City Council this 24th day of January, 2011.
The motion for the adoption of the foregoing resolution was duly seconded by Council Member
• Rafferty and upon vote being taken thereon, the following voted in favor thereof:
O'Donnell, Rafferty, Roeser, Gallup, Reinert
The following voted against same:
None
Whereupon said resolution was declared duly passed and adopted.
Jeff Reinert, ayor
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AGENDA ITEM 2A
STAFF ORIGINATOR Al Rolek
MEETING DATE January 24, 2010
TOPIC Consideration Resolution 11 -08 amending the 2010 General
Operating Budget for the City of Lino Lakes
VOTE REQUIRED
BACKGROUND
Simple Majority
Economic conditions and projected changes in budget projections have had a significant impact
on the City's budget for 2010. Staff has examined some of the potential budget areas that will
be impacted by these factors. The impacts include reductions in revenue areas affected by
economic conditions, such as building activities, investment of city funds, etc., as well as
changes in expenditure areas due predominantly to personnel vacancies, unemployment
insurance, reduction in fuel costs through the year, additional overtime for snow emergencies
and other factors.
Staff has prepared a listing of proposed budget adjustments for conditions that are known today
for City Council consideration. Staff recommends that the City Council approve Resolution 11-
08 amending the 2010 General Operating Budget.
OPTIONS
1. Adopt Resolution 11 -08.
2. Refer back to staff for further review.
RECOMMENDATION
Option 1