HomeMy WebLinkAbout2006-209 Council Resolution• Council Member Bpjnprt introduced the following resolution and moved its adoption:
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CITY OF LINO LAKES
RESOLUTION NO. 06 -209
RESOLUTION ADOPTING THE FINAL 2007 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 2007:
2007 FINAL GENERAL FUND BUDGET
REVENUES:
Property Taxes $7,298,995
Intergovernmental Revenue 695,000
Licenses and Permits 827,550
Charges for Services 248,500
Fines & Forfeitures 110,000
Interest on Investments 150,000
Miscellaneous 279,200
TOTAL FINAL GENERAL FUND REVENUES $9,609,245
EXPENDITURES:
Administration $1,311,470
Community Development 1,305,018
Public Safety 3,627,635
Public Services 2,575,122
Other 790,000
TOTAL FINAL GENERAL FUND EXPENDITURES $9,609,245
Adopted by the Lino Lakes City Council this 18th day of December, 2006.
The motion for the adoption of the foregoing resolution was duly seconded by Council Member 0' Donnell
and upon vote being taken thereon, the following voted in favor thereof:
Reinert, O'Donnell, Stoltz, Bergeson
The following voted against same:
Carlson
Whereupon said resolution was declared duly passed and adop
Julia ne Bartell, City • Ier
A -2
John
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AGENDA ITEM 2C
STAFF ORIGINATOR Al Rolek
MEETING DATE December 18, 2006
TOPIC Consideration of adopting Resolution 06 -209 adopting the final
2007 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 2007 General Fund
operating budget on or before December 28.
A Truth in Taxation public hearing was held on the budget on December 11 and a continuation of
the hearing was held earlier this evening. A summary of the proposed budget and tax levy was
presented and discussed during the public hearing and public testimony was received. No
changes have been made to the proposed budget since it was adopted on September 11, and no
recommendations for changes were made in ensuing work sessions.
The final 2007 budget represents a 11.64% increase from the 2006 budget. The City experienced
growth in the tax base of 11.37% over the same period. The City's levy for 2007 will increase by
6.01%. The budget provides resources for Council priorities, additional staff position, salary and
wage 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 06 -209 approving the final 2007 General Fund Operating Budget.
1. Adopt Resolution 06 -209 adopting the final 2007 General Fund Operating Budget.
2. Refer to Staff for further review.
3. Deny Resolution 06 -209.
Option 1