12-12-2016 Council Packet - Laserfiche WebLink

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CITY OF LINO LAKES RESOLUTION NO. 16-164 RESOLUTION ADOPTING THE 2017 WATER AND SEWER OPERATING BUDGETS WHEREAS, the City Council has reviewed the proposed 2017 Water and Sewer Operating Budgets during their budget work sessions, and WHEREAS, the City Council each year adopts the Water and Sewer Operating Budget by resolution. NOW, THEREFORE BE IT RESOLVED by The City Council of The City of Lino Lakes, that the following Water and Sewer Operating Budgets for the year 2017 are hereby adopted: 2017 Water Operating Budget 2017 Sewer Operating Budget Operating Revenues $1,099,500 $1,667,500 Transfers -0- -0- Total Revenues & Transfers $1,099,500 $1,667,500 Operating Expenses $1,153,613 $1,932,093 Debt Service -0- -0- Total Expenses $1,153,613 $1,932,093 Revenues/Transfers over/ Under Expenses $ (54,113) $ (264,593) Use of Fund Surplus $ 54,113 $ 264,593 Adopted by the Council of the City of Lino Lakes this 12th day of December, 2016. The motion for the adoption of the foregoing resolution was introduced by Council Member _______________and was duly seconded by Council Member ________________ and upon vote being taken thereon, the following voted in favor thereof: The following voted against same: _______________________________ Jeff Reinert, Mayor ATTEST: ________________________ Julianne Bartell, City Clerk