HomeMy WebLinkAbout2007-131 Council Resolutionadoption:
Council Member Reinert introduced the following resolution and moved its
CITY OF LINO LAKES
COUNTY OF ANOKA
RESOLUTION NO. 07-131
RESOLUTION ADOPTING THE PROPOSED 2008 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 proposed General Fund revenues and expenditures for the upcoming fiscal year.
NOW, THEREFORE BE IT RESOLVED that the following Proposed General Fund operating budget be
adopted for 2008:
2008 PROPOSED GENERAL FUND BUDGET
REVENUES:
Property Taxes $7,778,236
Licenses and Permits 642,500
Intergovernmental Revenue 657,000
Charges for Services 360,500
Fines and Forfeitures 110,000
Interest on Investments 200,000
Miscellaneous 184,000
TOTAL PROPOSED GENERAL FUND REVENUES $9.932.236
EXPENDITURES:
Administration
Community Development
Public Safety
Public Services
Transfers
$1,375,702
1,150,626
3,942,918
2,671,990
791,000
TOTAL PROPOSED GENERAL FUND EXPENDITURES $9.932.236
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Adopted by the Lino Lakes City Council this 10th day of September, 2007.
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, Stoltz, O'Donnell, Bergeson
The following voted against same:
none
Whereupon said resolution was declared duly passed and adopted.
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AGENDA ITEM 2A
STAFF ORIGINATOR Al Rolek
MEETING DATE September 10, 2007
TOPIC Consideration Resolution 07 -131 adopting the proposed 2008
Operating Budget for the City of Lino Lakes
VOTE REQUIRED
Simple Majority
Minnesota State Statutes require the City of Lino Lakes to adopt and certify a proposed operating
budget on or before September 15th of each year.
The main goals in preparing the budget were to maintain current service levels to our citizens,
ensure each department has adequate resources to perform their functions, provide for local
street and storm drainage system maintenance, provide for the replacement of wom equipment
and maintain or lower the city's tax rate. The proposed budget addresses these goals by
providing resources to implement Council goals representing the greatest needs of the
community, assessing engineering needs, adding new patrol officer position, continuing the
process of phasing in funding for the capital equipment replacement program and street
maintenance and enhancing our efforts in maintaining the storm drainage system.
The budget proposed for 2008 is $9,932,236, a 3.36% increase from the budget adopted for
2007. This budget provides the city the opportunity to meet its growing needs for infrastructure
maintenance and to maintain municipal services at current levels. The City Council, after long
discussions and a number of compromises, has crafted a budget that meets these needs and
maintains the city's tax rate to our taxpayers.
The departmental budgets within the proposed budget may be further reviewed by the City
Council prior to the Truth in Taxation hearing for changes, if needed.
1. Adopt Resolution 07 -131 adopting the proposed 2008 Operating Budget.
2. Refer back to staff for further review.
Option 1
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