HomeMy WebLinkAbout2013-131 Council Resolution•
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CITY OF LINO LAKES
RESOLUTION NO. 13 -131
RESOLUTION ADOPTING THE FINAL 2014
GENERAL FUND OPERATING BUDGET
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 2014:
2014 FINAL GENERAL FUND BUDGET
REVENUES:
Property Taxes $7,233,922
Intergovernmental Revenue 465,000
Licenses and Permits 418,150
Charges for Services 231,600
Fines & Forfeitures 140,500
Interest on Investments 30,000
Miscellaneous 398,603
TOTAL FINAL GENERAL FUND REVENUES $8,917,775
EXPENDITURES:
Administration $1,143,499
Community Development 670,461
Public Safety 3,881,274
Public Services 2,607,541
Other 615,000
TOTAL FINAL GENERAL FUND EXPENDITURES $8,917,775
Adopted by the Council of the City of Lino Lakes this 9th day of December, 2013.
The motion for the adoption of the foregoing resolution was introduced by Council Member
Roeser and was duly seconded by Council Member O' Donnell and
upon vote being taken thereon, the following voted in favor thereof:
oeser, O'Donnell, Rafferty, SToesz, Reinet
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so
The following voted against same:
none
ATTEST:
u i. e Bartell, City Clerk
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CITY COUNCIL
AGENDA ITEM 2A (ii)
STAFF ORIGINATOR Al Rolek
MEETING DATE December 9, 2013
TOPIC Consideration of adopting Resolution No. 13 -131 adopting the final
2014 General Fund Operating Budget for the City of Lino Lakes
VOTE REQUIRED Simple Majority
BACKGROUND
State Statutes require the City of Lino Lakes to adopt and certify a final 2014 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 2014 budget represents a 0.86% increase from the 2013 adopted budget. The budget
maintains staff complements and includes resources to continue city services at the current levels.
Funding for street maintenance and storm drainage maintenance and repair efforts are maintained
for 2014. A contingency for unforeseen circumstances is also included in the budget. Capital
equipment replacement needs will be met through the use of debt financing for the coming year.
Accumulated prior year budget surpluses and the use of drug forfeiture proceeds toward policing
efforts are being used to balance the budget.
The City Council needs to take final action to approve the budget at this time.
RECOMMENDATION
Staff recommends adoption of Resolution 13 -131.
ATTACHMENTS
Resolution 13 -131.
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