HomeMy WebLinkAbout2012-123 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 12 -123
RESOLUTION ADOPTING THE FINAL 2013 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
2013:
2013 FINAL GENERAL FUND BUDGET
REVENUES:
Property Taxes $7,345,538
Intergovernmental Revenue 435,000
Licenses and Permits 347,800
Charges for Services 243,600
Fines & Forfeitures 140,000
Interest on Investments 40,000
Miscellaneous 289,447
TOTAL FINAL GENERAL FUND REVENUES $8,841,385
EXPENDITURES:
Administration
Community Development
Public Safety
Public Services
Other
TOTAL FINAL GENERAL FUND EXPENDITURES
$1,124,998
719,239
3,804,834
2,532,239
660,075
$8,841,385
Adopted by the Council of the City of Lino Lakes this 10th day of December, 2012.
The motion for the adoption of the foregoing resolution was introduced by Council Member
O Donne 1 1 and was duly seconded by Council Member RQe.s.er and upon vote being taken thereon, the
following voted in favor thereof:
O'Donnell, Roeser, Stoesz, Rafferty,
The following voted against same:
none
ATTEST:
Julia e Bartell, City Clerk
Jeff Reinert,
•
CITY COUNCIL
AGENDA ITEM 2A (ii)
STAFF ORIGINATOR Al Rolek
MEETING DATE December 10, 2012
TOPIC Consideration of adopting Resolution No. 12 -123 adopting the fmal
2013 General Fund Operating Budget for the City of Lino Lakes
VOTE REQUIRED
BACKGROUND
Simple Majority
State Statutes require the City of Lino Lakes to adopt and certify a fmal 2013 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 fmal 2013 budget represents a 3.56% decrease from the 2012 adopted budget. The City's tax base
contracted by about 7% over the last year. The City's tax levy for 2012/13 will decrease by $11,631 from
the 2011/12 levy. Funding for street maintenance is increased by 5% and storm drainage maintenance and
repair efforts are maintained for 2013. A contingency for unforeseen circumstances is also included in the
budget. Delaying some capital equipment replacement to future years and the use of debt financing for
equipment acquisition help in reducing the budget and tax levy for the coming year. Accumulated prior year
budget surpluses is used to balance the budget and to keep the tax levy from increasing.
The City Council needs to take fmal action to approve the budget at this time.
RECOMMENDATION
Staff recommends adoption of Resolution 12 -123.
ATTACHMENTS
Resolution 12 -123.