HomeMy WebLinkAbout2018-176 Council Resolutionn
CITY OF LINO LAKES
RESOLUTION NO. 18-176
RESOLUTION ADOPTING THE 2019 WATER AND SEWER OPERATING BUDGETS
WHEREAS, the City Council has reviewed the proposed 2019 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 2019 are hereby adopted:
2019 Water Operating Budget
Operating Revenues $1,115,500
Transfers -0-
Total Revenues & Transfers $1,115,500
2019 Sewer Operating Budget
$1,757,000
-0-
$1,757,000
Operating Expenses $1,541,570 $2,007,082
Debt Service -0- -0-
Total Expenses $1,541,570 $2,007,082
Revenues/Transfers over/
Under Expenses $ 426 070 $ 25( 0,082)
Use of Fund Surplus $ 426,070 $ 250,082
Adopted by the Council of the City of Lino Lakes this 10t' day of December, 2018.
The motion for the adoption of the foregoing resolution was introduced by Council Member
Maher and was duly seconded by Council Member MantheV and upon
vote being taken thereon, the following voted in favor thereof.
Maher, Manthey, Rafferty, SToesz, Reine
The following voted against same:
none
ATTEST:
Jeff ReineA, kayor
Bartell, C ty Cl
CITY COUNCIL
AGENDA ITEM 2B (iii)
STAFF ORIGINATOR: Sarah Cotton
MEETING DATE: December 10, 2018
TOPIC: Consider Resolution No. 18-176, Adopting the 2019 Water and
Sewer Operating Budgets
VOTE REQUIRED: 3/5
BACKGROUND
The City Council has reviewed the proposed 2019 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. 18-176.
ATTACHMENTS
Resolution No. 18-176