HomeMy WebLinkAbout2017-143 Council Resolution,--� CITY OF LINO LAKES
RESOLUTION NO. 17-143
RESOLUTION ADOPTING THE 2018 WATER AND SEWER OPERATING BUDGETS
WHEREAS, the City Council has reviewed the proposed 2018 Water and Sewer Operating
Budgets during their budget work sessions, and
WHEREAS, the City Council each year adopts the Water and Sewer Operating Budget by
resolution.
NOW, THEREFORE BE IT RESOLVED by The City Council of The City of Lino Lakes,
that the following Water and Sewer Operating Budgets for the year 2018 are hereby adopted:
Operating Revenues
Transfers
2018 Water Operating Budget 2018 Sewer Operating Budget
$1,104,500 $1,697,500
-0- -0-
Total Revenues & Transfers $1,104,500 $1,697,500
Operating Expenses
Debt Service
Total Expenses
Revenues/Transfers over/
Under Expenses
Use of Fund Surplus
$1,116,717 $1,962,532
-0- -0-
$1,116,717 $1,962,532
$ (12,217) $ (265,032)
$ 12,217 $ 265,032
Adopted by the Council of the City of Lino Lakes this 11th day of December, 2017.
The motion for the adoption of the foregoing resolution was introduced by Council Member
Maher and was duly seconded by Council Member Rafferty and upon
vote being taken thereon, the following voted in favor thereof:
Maher, Rafferty, Kusterman, Manthey, Rein
The following voted against same:
none
ATTEST:
e Bartell, City glerk
Jeff Reinert, or
CITY COUNCIL
AGENDA ITEM 2A (iii)
STAFF ORIGINATOR: Sarah Cotton
MEETING DATE: December 11, 2017
TOPIC: Consider Resolution No. 17-143, Adopting the 2018 Water and
Sewer Operating Budgets
VOTE REQUIRED: 3/5
BACKGROUND
The City Council has reviewed the proposed 2018 Water and Sewer Operating Budgets during their
scheduled budget work sessions. It has been the practice of the City Council to adopt the Water and
Sewer Operating Budgets by resolution. It should be noted that the budgets include the cost of
depreciation of infrastructure as an expense, and recovery of this cost is incorporated into the utility
rate structure.
RECOMMENDATION
Staff recommends the approval of Resolution No. 17-143.
ATTACHMENTS
Resolution No. 17-143, Adopting the 2018 Water and Sewer Operating Budgets