HomeMy WebLinkAbout2015-142 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 15-142
RESOLUTION ADOPTING THE FINAL 2016 GENERAL FUND OPERATING
BUDGET
WHEREAS, pursuant to Minnesota 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 by The City Council of The City of Lino Lakes,
that the following final General Fund operating budget be adopted for 2016:
2016 FINAL GENERAL FUND BUDGET
REVENUES:
Property Taxes $7,123,572
Intergovernmental Revenue 655,000
Licenses & Permits 491,983
Charges for Services 309,550
Fines & Forfeitures 150,500
Interest on Investments 30,000
Miscellaneous 1,115,889
TOTAL FINAL GENERAL FUND REVENUES $9,876,494
EXPENDITURES:
Administration $1,288,187
Community Development 758,040
Public Safety 4,407,187
Public Services 2,758,080
Other 665,000
TOTAL FINAL GENERAL FUND EXPENDITURES $9,876,494
Adopted by the Council of the City of Lino Lakes this 14th day of December, 2015.
The motion for the adoption of the foregoing resolution was introduced by Council Member
Kusterman and was duly seconded by Council Member Roeser and upon
vote being taken thereon, the following voted in favor thereof:
Kusterman, Roeser, Rafferty, Stoesz einert
The following voted against same:
none
ATTEST:
e Bartell, Ci Cler
f einert, May6r `
CITY COUNCIL
AGENDA ITEM 2A(ii)
STAFF ORIGINATOR: Sarah Cotton
MEETING DATE: December 14, 2015
TOPIC: Consider Resolution No. 15-142, Adopting the Final 2016 General
Fund Operating Budget
VOTE REQUIRED: 3/5
BACKGROUND
Minnesota State Statutes require the City of Lino Lakes to adopt and certify a final 2015 tax levy,
collectible in 2016 on or before December 28th.
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 fmal 2016 budget represents a 0.77% increase from the 2015 adopted budget. The budget
includes resources for on-going city operations, capital outlay and equipment replacement, and
the addition of two staff positions (1 patrol officer and 1 inspector). A contingency for unforeseen
circumstances is also included in the budget. Accumulated General Fund Reserves, a transfer from
the Office Equipment Revolving Fund, and the use Closed Bond Fund proceeds are being used to
balance the budget.
The City Council needs to take fmal action to approve the budget at this time.
RECOMMENDATION
Staff recommends the approval of Resolution No. 15-142.
ATTACHMENTS
Resolution No. 15-142, Adopting the Final 2016 General Fund Operating Budget