HomeMy WebLinkAbout2014-148 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 14-148
RESOLUTION ADOPTING THE FINAL 2015 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
2015:
2015 FINAL GENERAL FUND BUDGET
REVENUES:
Property Taxes $7,595,578
Intergovernmental Revenue 490,000
Licenses and Permits 439,100
Charges for Services 294,550
Fines & Forfeitures 130,500
Interest on Investments 30,000
Miscellaneous 821,394
TOTAL FINAL GENERAL FUND REVENUES $9,801,122
EXPENDITURES:
Administration $1,228,424
Community Development 682,988
Public Safety 4,556,944
Public Services 2,693,266
Other 639,500
TOTAL FINAL GENERAL FUND EXPENDITURES $9,801,122
Adopted by the Council of the City of Lino Lakes this 8th day of December, 2014.
The motion for the adoption of the foregoing resolution was introduced by Council Member Roeser
and was duly seconded by Council Membe�uStel mdnpon vote being taken thereon, the following voted in
favor thereof:
Roeser, KUsterman, Rafferty, Stoes
The following voted against same:
none
ATTEST:
e Bartell, City Cle
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CITY COUNCIL
AGENDA ITEM 2A (ii)
STAFF ORIGINATOR Al Rolek
MEETING DATE December 8, 2014
TOPIC Consideration of adopting Resolution No. 14-148 adopting the final
2015 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 final 2015 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 2015 budget represents a 9.9% increase from the 2014 adopted budget. The budget includes one-
time preparation and startup costs for the new Lino Lakes Fire Department, which will begin operations
in January 2016, as well as the City's contribution to the Centennial Fire District. Also included are the
additions of an assistant administrator, a public safety administrative assistant and a full-time patrol
officer, as well as cross training for current police personnel involved in fire/rescue operations. Funding
for street maintenance efforts is increased and storm drainage maintenance and repair efforts are maintained
for 2015. 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 Closed Bond Fund proceeds toward one-time fire start-up costs 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 14-148.
ATTACHMENTS
Resolution 14-148.
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