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<br /> <br /> <br />CITY OF LINO LAKES <br />RESOLUTION NO. 19-169 <br /> <br />RESOLUTION ADOPTING THE 2020 WATER AND SEWER OPERATING BUDGETS <br /> <br />WHEREAS, the City Council has reviewed the proposed 2020 Water and Sewer Operating <br />Budgets during their budget work sessions, and <br /> <br />WHEREAS, the City Council each year adopts the Water and Sewer Operating Budget by <br />resolution. <br /> <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 2020 are hereby adopted: <br /> <br /> <br /> 2020 Water Operating Budget 2020 Sewer Operating Budget <br /> <br /> Operating Revenues $1,206,000 $1,790,000 <br /> Transfers -0- -0- <br /> <br /> Total Revenues & Transfers $1,206,000 $1,790,000 <br /> <br /> Operating Expenses $2,100,074 $2,339,425 <br /> Debt Service -0- -0- <br /> <br /> Total Expenses $2,100,074 $2,339,425 <br /> <br /> Revenues/Transfers over/ <br /> Under Expenses $ (894,074) $ (549,425) <br /> <br /> Use of Fund Surplus $ 894,074 $ 549,425 <br /> <br /> <br /> <br />Adopted by the Council of the City of Lino Lakes this 9th day of December, 2019. <br /> <br />The motion for the adoption of the foregoing resolution was introduced by Council Member <br />_______________and was duly seconded by Council Member ________________ and upon <br />vote being taken thereon, the following voted in favor thereof: <br /> <br />The following voted against same: <br /> <br />_______________________________ <br />Jeff Reinert, Mayor <br /> <br />ATTEST: <br /> <br />________________________ <br />Julianne Bartell, City Clerk