HomeMy WebLinkAbout2020-156 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 20-156
RESOLUTION ADOPTING THE 2021 WATER AND SEWER OPERATING BUDGETS
WHEREAS, the City Council has reviewed the proposed 2021 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 2021 are hereby adopted:
Operating Revenues
Transfers
2021 Water Operating Budget 2021 Sewer Operating Budget
$1,241,000 $1,835,000
-0- -0-
Total Revenues & Transfers $1,241,000 $1,835,000
Operating Expenses $1,523,918 $2,227,698
Debt Service -0- -0-
Total Expenses $1,523,918 $2,227,698
Revenues/Transfers over/
Under Expenses $ (282,918) $ (392,698)
Use of Fund Surplus $ 282,918 $ 392,698
Adopted by the Council of the City of Lino Lakes this 14t1 day of December, 2020.
The motion for the adoption of the foregoing resolution was introduced by Council Member
_ Lyden and was duly seconded by Council Member Cavegn and upon
vote being taken thereon, the following voted in favor thereof:
Stoesz, Ruhland, Lyden, Cavegn, Rafferty
The following voted against same:
None
afferty, Mayor
ATTEST:
ne Bartell, C ty
CITY COUNCIL
AGENDA ITEM 2A (iii)
STAFF ORIGINATOR: Hannah Lynch
MEETING DATE: December 14, 2020
TOPIC: Consider Resolution No. 20-156, Adopting the 2021 Water and
Sewer Operating Budgets
VOTE REQUIRED: 3/5
BACKGROUND
The City Council has reviewed the proposed 2021 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. 20-156.
ATTACHMENTS
Resolution No. 20-156