HomeMy WebLinkAbout2006-213 Council Resolution•
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Council Member Reinert introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 06 -213
RESOLUTION ADOPTING A GENERAL TIMELINE FOR THE PREPARATION, SUBMISSION
AND ADOPTION OF THE FIVE -YEAR FINANCIAL PLAN
WHEREAS, the City Council wishes to set out a timeline for the preparation, submission and
annual adoption of the five -year plan
NOW, THEREFORE, BE IT RESOLVED, by the Lino Lakes City Council that:
1) The draft five -year financial plan shall be developed in tandem with the annual budget,
incorporating the goals and objectives of the City Council. Adjustments and refinements
shall be made to the draft five -year financial plan during the month following the
certification of the preliminary budget, which occurs on September 15.
2) The draft five -year financial plan shall be submitted to the City Council for review at its
first work session in November.
3) Following a review of the City Council at such work session and any ensuing work
sessions, as necessary, a public hearing will be scheduled in December to receive public
comment on the five -year plan.
4) The five -year plan shall be adopted by the City Council following the public hearing, along
with any revisions arising therefrom, by the end of December.
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 Carlson
and upon vote being taken thereon, the following voted in favor thereof:
Reinert, Carlson, O'Donnell, Stoltz, Bergeson
The following voted against same:
none
Whereupon said resolution was declared duly passed and ado
Juli : nne Bartell, City le
Jo n Be- :eson, Mayor
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AGENDA ITEM 2Aii
STAFF ORIGINATOR Al Rolek
MEETING DATE December 18, 2006
TOPIC Consideration of Resolution 06 -213 Adopting a General Timeline
for the Preparation, Submission and Adoption of the Five -Year
Financial Plan
VOTE REQUIRED
Simple Majority
It is the desire of the City Council to establish a timeline for the preparation, submission and annual
adoption of the five -year financial plan. Staff has made its recommendations in Resolution 06 -213
for establishing such a timeline.
1. Approve Resolution 06 -213.
2. Refer to Staff for further review.
3. Deny Resolution 06 -213.
Option 1
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