HomeMy WebLinkAbout2007-209 Council Resolution•
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Council Member 0' Donnell
introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 07-209
RESOLUTION ADOPTING THE FINAL 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 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 2008:
2008 FINAL GENERAL FUND BUDGET
REVENUES:
Property Taxes $7,778,236
Intergovernmental Revenue 657,000
Licenses and Permits 642,500
Charges for Services 250,500
Fines & Forfeitures 110,000
Interest on Investments 200,000
Miscellaneous 269,562
TOTAL FINAL GENERAL FUND REVENUES $9,907,798
EXPENDITURES:
Administration $1,375,702
Community Development 1,126,188
Public Safety 3,942,918
Public Services 2,671,990
Other 791,000
TOTAL FINAL GENERAL FUND EXPENDITURES $9,907,798
Adopted by the Lino Lakes City Council this 17th day of December, 2007.
The motion for the adoption of the foregoing resolution was duly seconded by Council Member
and upon vote being taken thereon, the following voted in favor thereof:
O'Donnell, Stoltz, Reinert, Carlson, Bergeson
The following voted against same:
none
Whereupon said resolution was declared duly passed and ad
nne Bartell, C. C
A -3
Joh
erg on, M or
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AGENDA ITEM 2B
STAFF ORIGINATOR Al Rolek
MEETING DATE December 17, 2007
TOPIC Consideration of adopting Resolution 07 -209 adopting the final
2008 General Fund Operating Budget for the City of Lino Lakes
VOTE REQUIRED
UNN'
Simple Majority
State Statutes require the City of Lino Lakes to adopt and certify a final 2008 General Fund
operating budget on or before December 28.
A Truth in Taxation public hearing was held on the budget on December 10. A summary of the
proposed budget and tax levy was presented and discussed during the public hearing and public
testimony was received.
The final 2008 budget represents a 3.11% increase from the 2007 budget. The City experienced
growth in the tax base of 4.81 % over the same period. The City's levy for 2008 will increase by
4.85 %. The budget provides resources for Council priorities, additional staff position, personnel
cost 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 07 -209 approving the final 2008 General Fund Operating Budget.
i
1. Adopt Resolution 07 -209.
2. Refer to Staff for further review.
3. Deny Resolution 07 -209.
Option 1
A -3