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n <br />CITY OF LINO LAKES <br />RESOLUTION NO. 18-176 <br />RESOLUTION ADOPTING THE 2019 WATER AND SEWER OPERATING BUDGETS <br />WHEREAS, the City Council has reviewed the proposed 2019 Water and Sewer Operating <br />Budgets during their budget work sessions, and <br />WHEREAS, the City Council each year adopts the Water and Sewer Operating Budget by <br />resolution. <br />NOW, THEREFORE BE IT RESOLVED by The City Council of The City of Lino Lakes, <br />that the following Water and Sewer Operating Budgets for the year 2019 are hereby adopted: <br />2019 Water Operating Budget <br />Operating Revenues $1,115,500 <br />Transfers -0- <br />Total Revenues & Transfers $1,115,500 <br />2019 Sewer Operating Budget <br />$1,757,000 <br />-0- <br />$1,757,000 <br />Operating Expenses $1,541,570 $2,007,082 <br />Debt Service -0- -0- <br />Total Expenses $1,541,570 $2,007,082 <br />Revenues/Transfers over/ <br />Under Expenses $ 426 070 $ 25( 0,082) <br />Use of Fund Surplus $ 426,070 $ 250,082 <br />Adopted by the Council of the City of Lino Lakes this 10t' day of December, 2018. <br />The motion for the adoption of the foregoing resolution was introduced by Council Member <br />Maher and was duly seconded by Council Member MantheV and upon <br />vote being taken thereon, the following voted in favor thereof. <br />Maher, Manthey, Rafferty, SToesz, Reine <br />The following voted against same: <br />none <br />ATTEST: <br />Jeff ReineA, kayor <br />Bartell, C ty Cl <br />