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CITY OF LINO LAKES <br />RESOLUTION NO. 15-143 <br />RESOLUTION ADOPTING THE 2016 WATER AND SEWER OPERATING BUDGETS <br />WHEREAS, the City Council has reviewed the proposed 2016 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 2016 are hereby adopted: <br />Operating Revenues <br />Transfers <br />2016 Water Operating Budget 2016 Sewer Operating Budget <br />$1,073,425 $1,673,000 <br />- 0- -0- <br />Total Revenues & Transfers $1,073,425 $1,673,000 <br />Operating Expenses <br />Debt Service <br />Total Expenses <br />Revenues/Transfers over/ <br />Under Expenses <br />Use of Fund Surplus <br />$2,745,440 $1,913,852 <br />- 0- -0- <br />$2,745,440 $1,913,852 <br />$(1,672,015) $ (240,852) <br />$ 1,672,015 $ 240,852 <br />Adopted by the Council of the City of Lino Lakes this 14th day of December, 2015. <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 />The following voted against same: <br />Jeff Reinert, Mayor <br />ATTEST: <br />Julianne Bartell, City Clerk <br />