HomeMy WebLinkAbout2021-147 Council Resolution CITY OF LINO LAKES
RESOLUTION NO.21-147
RESOLUTION ADOPTING THE 2022 ENTERPRISE FUNDS OPERATING BUDGETS
WHEREAS,the City Council has reviewed the proposed 2022 Enterprise Funds Operating
Budgets during their budget work sessions, and
WHEREAS,the City Council each year adopts the Enterprise Funds Operating Budgets by
resolution.
NOW, THEREFORE BE IT RESOLVED by The City Council of The City of Lino Lakes,
that the following Water, Sewer, and Storm Water Operating Budgets for the year 2022 are
hereby adopted:
Water Fund Sewer Fund Strom Water Fund
Operating Revenues $1,755,462 $1,901,586 $ 583,000
Use of Reserves $1,409,645 $ 70,299 $ -0-
Total Revenues $3,165,107 $1,971,885 $ 583,000
Operating Expenses $ 992,412 $1,856,870 $ 514,413
Operating Transfers $ 407,680 $ -0- $ -0-
Capital Outlay $1,765,015 $ 115,015 $ 68,587
Total Expenses $3,165,107 $1,971,885 $ 583,000
Non-Cash Depreciation Expense $ 783,605 $ 574,323 $ -0-
Adopted by the City Council of the City of Lino Lakes this 13th day of December 2021.
The motion for the adoption of the foregoing resolution was introduced by Councilmember
Lyden and was duly seconded by Councilmember Cavegn and upon vote being taken
thereon,the following voted in favor thereof. Ruhland,Lyden, Cavegn, Stoesz, Rafferty
The following voted against same:None
Rob Rafferty, Mayor
ATTEST:
1' e Bartell, Ci Cle•c