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Council Member introduced the following resolution and moved its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 07 -210 <br />RESOLUTION ADOPTING THE 2008 WATER AND SEWER OPERATING BUDGETS <br />WHEREAS, the City Council has reviewed the proposed 2008 Water and Sewer Operating Budgets during <br />their work session held August 22, 2007, and, <br />WHEREAS, the City Council each year adopts the Water and Sewer Operating Budgets by resolution. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LINO LAKES that the following Water <br />and Sewer Operating Budgets for the year 2008 are hereby adopted: <br />Operating Revenues <br />Transfers <br />2008 Water Operating Budget 2008 Sewer Operating Budget <br />$1,365,500 $1,634,000 <br />134,365 -0- <br />Total Revenues & Transfers $1,499,865 <br />Operating Expenses $1,001,829 <br />Debt Service 487,554 <br />Total Expenses $1,489,383 <br />Revenues/Transfers over/ <br />Under Expenses $ 10,482 <br />$1,634,000 <br />$1,596,959 <br />36,536 <br />$1,633,495 <br />S 505 <br />Adopted by the City Council of Lino Lakes, Minnesota, this 17th day of December, 2007. <br />The motion for the adoption of the foregoing resolution was duly seconded by Council Member and <br />upon vote being taken thereon, the following voted in favor thereof: <br />The following voted against same: <br />Whereupon said resolution was declared duly passed and adopted. <br />Julianne Bartell, City Clerk <br />A -4 <br />_28_ <br />John Bergeson, Mayor <br />• <br />• <br />• <br />