HomeMy WebLinkAbout2011-124 Council Resolution•
is
V. 2&.
Council Member() ' Donnell introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 11-124
RESOLUTION ADOPTING THE FINAL 2012 GENERAL OPERATING
BUDGET FOR THE CITY OF LINO LAKES.
WHEREAS, Pursuant to State Statute, the Lino Lakes City Council is required to adopt a resolution
setting out final General Fund revenues and expenditures for the upcoming fiscal year.
NOW THEREFORE BE IT RESOLVED: That the following final General Fund operating budget be adopted
for 2012:
2012 FINAL GENERAL FUND BUDGET
REVENUES:
Property Taxes $7,342,818
Intergovernmental Revenue 474,051
Licenses and Permits 415,400
Charges for Services 302,400
Fines & Forfeitures 135,000
Interest on Investments 40,000
Miscellaneous 457,933
TOTAL FINAL GENERAL FUND REVENUES $9,167,602
EXPENDITURES:
Administration $1,159,644
Community Development 725,947
Public Safety 3,874,776
Public Services 2,564,068
Other 843,167
TOTAL FINAL GENERAL FUND EXPENDITURES $9,167,602
Adopted by the Lino Lakes City Council this 12th day of December, 2011.
The motion for the adoption of the foregoing resolution was duly seconded by Council Member
and upon vote being taken thereon, the following voted in favor thereof: Roeser
O'Donnell, Roeser, Rafferty, Reinert
The following voted against same:
none
Whereupon said resolution was declared duly passed ' d adopted.
Gallup
Julia ne Bartell, City Ilerk
A -3
Jeff Rein
cWevised
A ENDA ITEM 2A (ii)
STAFF ORIGINATOR Al Rolek
MEETING DATE December 12, 2011
TOPIC Consideration of adopting Resolution No. 11 -124 adopting the final
2012 General Fund Operating Budget for the City of Lino Lakes
VOTE REQUIRED
BACKGROUND
Simple Majority
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State Statutes require the City of Lino Lakes to adopt and certify a final 2012 General Fund
operating budget on or before December 28.
A public hearing was held tonight to take public comment on the budget. A summary of the
proposed budget and tax levy was presented and discussed during the public hearing.
• The final 2011 budget represents a 2.88% decrease from the 2011 adopted budget. The City's
tax base contracted by about 5.0% over the same period. The City's tax levy for 2012 will
decrease by approximately 5.00% from the 2011 levy. The budget as presented eliminates 2.875
FTE staff positions. Resources for capital outlay and equipment replacement, street and storm
drainage maintenance and repair and a contingency for unforeseen circumstances are included in
the 2012 budget.
The City Council needs to take final action on the budget at this time. Staff recommendation is to
adopt Resolution No. 11 -124 approving the final 2012 General Fund Operating Budget.
OPTIONS
1. Adopt Resolution No. 11 -124.
2. Refer to Staff for further review.
RECOMMENDATION
Option 1