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• <br />• <br />• <br />CITY OF LINO LAKES <br />RESOLUTION NO. 03-224 <br />RESOLUTION ADOPTING THE 2004 WATER AND SEWER OPERATING BUDGETS <br />WHEREAS, the City Council has reviewed the proposed 2004 Water and Sewer Operating Budgets during <br />their work session held August 13, 2003, 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 2004 are hereby adopted: <br />2004 Water Operating Budget 2004 Sewer Operating Budget <br />Operating Revenues $ 998,000 $1,235,000 <br />Transfers 303,108 -0- <br />Total Revenues & Transfers $1,301,108 <br />Operating Expenses $ 746,680 <br />Debt Service 418,290 <br />Total Expenses $1,164,970 $1,198,159 <br />RevenuesfTransfers over/ <br />Under Expenses $ 136,138 36 841 <br />$1,235,000 <br />$1,198,159 <br />-0- <br />Adopted by the City Council of Lino Lakes, Minnesota, this 15th da of December, 2003. <br />Ann Blairj, City Clerk <br />Ber• son, :yor <br />