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CITY OF LINO LAKES <br />RESOLUTION NO. 02-185 <br />RESOLUTION ADOPTING THE 2003 WATER AND SEWER OPERATING BUDGETS <br />WHEREAS, the City Council has reviewed the proposed 2003 Water and Sewer Operating Budgets during <br />their work session held August 28, 2002, and, <br />WHEREAS, the City Council has reviewed and made adjustments to the utility rate schedule for the years <br />2001-2003 sufficient to fund the utility operations in those years, 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 2003 are hereby adopted: <br />2003 Water Operating Budget 2003 Sewer Operating Budget <br />Operating Revenues $ 991,700 <br />Transfers 301.355 <br />Total Revenues & Transfers $1,293,055 <br />Operating Expenses $ 863,477 <br />Debt Service 415.389 <br />Total Expenses $1,278,836 <br />RevenueslTransfers over/ <br />Under Expenses $ 14,219 <br />$1,130,000 <br />-0- <br />$1,130,000 <br />$1,129,250 <br />-0- <br />$1,129,250 <br />$ 750 <br />Adopted by the City Council of Lino Lakes, Minnesota, this 16th day of December, 2002. <br />Ann BlaiF City Clerk <br />A-4 <br />