HomeMy WebLinkAbout2003-223 Council Resolution•
•
CITY OF LINO LAKES
RESOLUTION NO. 03-223
RESOLUTION ADOPTING THE FINAL 2004 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 2004:
2004 FINAL GENERAL FUND BUDGET
REVENUES:
Property Taxes $5,151,066
Intergovernmental Revenue 370,000
Licenses and Permits 777,350
Charges for Services 181,500
Fines & Forfeitures 100,000
Interest on Investments 65,000
Miscellaneous 145,000
TOTAL FINAL GENERAL FUND REVENUES $6,789,916
EXPENDITURES:
Administration $1,121,372
Community Development 754,956
Public Safety 2,735,395
Public Services 2,152,642
Other 25,551
TOTAL FINAL GENERAL FUND EXPENDITURES $6,789,916
Adopted by the Lino Lakes City Council this 15th day of December, 2003.
Ann Blair, City Clerk
Berge n, May
•
AGENDA ITEM 3B
STAFF ORIGINATOR Al Rolek
MEETING DATE December 15, 2003
TOPIC Consideration of adopting Resolution 03-223 adopting the final
2004 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 2004 operating budget on
or before December 29.
A Truth in Taxation public hearing was held on the budget on December 8. A summary of the
proposed budget and tax levy was presented and discussed during the public hearing and public
testimony was received.
The final 2004 budget represents a 3.38% decrease from the 2003 budget. The City experienced
growth in the tax base of 17.24% over the same period.
• The City Council needs to take final action on the budget at this time. Staff recommendation is to
adopt Resolution 03-223 approving the final 2004 General Fund Operating Budget.
•
OPTIONS
1. Adopt Resolution 03-223 adopting the final 2004 General Fund Operating Budget.
2. Refer to Staff for further review.
3. Deny Resolution 03-223.
RECOMMENDATION.
Option 1