HomeMy WebLinkAbout2001-131 Council ResolutionCouncil member
Carlson
introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 2001-131
RESOLUTION ADOPTING THE PROPOSED 2002 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 2002:
2002 PROPOSED GENERAL FUND BUDGET
REVENUES:
Property Taxes $4,905,159
Intergovernmental Revenue 541,553
Licenses and Permits 724,025
Charges for Services 228,500
Fines & Forfeitures 100,000
Interest on Investments 85,000
Miscellaneous 169,000
TOTAL PROPOSED GENERAL FUND REVENUES $6,753,237
EXPENDITURES:
Administration
Community Development
Public Safety
Public Services
Other
$1,069,121
819,290
2,548,264
2,233,803
82,759
TOTAL PROPOSED GENERAL FUND EXPENDITURES $6,753,237
Adopted by the Lino Lakes City Council this 10th day of Septem • - , 001.
. Viger, Deputy
Clerk
Joh 'serge
, ayor
T' otion for the adoption of the foregoing resolution was duly seconded by Council Member Reinert
and upon vote being taken thereon, the following voted in favor thereof: Bergeson, Carlson, Dahl,
Reinert and O'Donnell
The following voted against same: None.
Where upon said resolution was declared duly passed and adopted:
AGENDA ITEM 3B(i)
STAFF ORIGINATOR Al Rolek
DATE September 5, 2001
TOPIC Consideration of adopting the proposed 2002 Operating Budget for
the City of Lino Lakes
Simple Majority
VOTE REQUIRED
BACKGROUND
Minnesota State Statutes require the City of Lino Lakes to adopt and certify a proposed 2002
operating budget on or before September 15th of each year.
The 2002 budget is proposed with a 11.66% increase over the 2001 budget. The City
experienced a market value growth of 13.52% over the same period.
The departmental budgets within the proposed budget will be further reviewed by the City Council
and staff between September 15th and December 10th, for changes, if needed.
OPTIONS
1. Adopt the proposed 2002 Operating Budget.
2. Refer back to staff for further review.
RECOMMENDATION
Option 1