HomeMy WebLinkAbout2010-112 Council ResolutionCouncil Member Rafferty introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 10 -112
RESOLUTION ADOPTING THE 2011 WATER AND SEWER OPERATING BUDGETS
WHEREAS, the City Council has reviewed the proposed 2011 Water and Sewer Operating Budgets during
their budget work sessions, and,
WHEREAS, the City Council each year adopts the Water and Sewer Operating Budgets by resolution.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LINO LAKES that the following Water
and Sewer Operating Budgets for the year 2011 are hereby adopted:
2011 Water Operating Budget 2011 Sewer Operating Budget
Operating Revenues $1,356,500 $1,658,846
Transfers 205,851 -0-
Total Revenues & Transfers $1,562,351 $1,658,846
Operating Expenses $1,117,137 $1,658,846
Debt Service 417,201 -0-
Total Expenses $1,534,338 $1,658,846
Revenues/Transfers over/
Under Expenses $ 28,013 $ -0-
Adopted by the City Council of Lino Lakes, Minnesota, this 13th day of December, 2010.
The motion for the adoption of the foregoing resolution was duly seconded by Council Member RoPSPr
and upon vote being taken thereon, the following voted in favor thereof:
Rafferty, Roeser, O'Donnell, Gallup, Reinert
The following voted against same:.
none
Whereupon said resolution was declared duly passed an
Juti_ ne Bartell, City 1 Jerk
opted.
Jeff Reine . - or
AGENDA ITEM 2A (iii)
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STAFF ORIGINATOR Al Rolek
MEETING DATE December 13, 2010
TOPIC Consideration of adopting Resolution No. 10 -112 adopting the final
2011 Water and Sewer Operating Budgets
VOTE REQUIRED
BACKGRO.
Simple Majority
The City Council reviewed the proposed 2011 Water and Sewer Operating Budgets at their
budget work sessions. The budgets include the cost of depreciation of infrastructure as an
expense, and recovery of this cost is incorporated into the utility rate structure. Water and sewer
rates will remain the same in 2011 as in 2010.
It has been the practice of the City Council to adopt the Water and Sewer Operating budgets by
resolution. Staff recommendation is to adopt Resolution No. 10 -112 adopting the final 2011
Water and Sewer Operating Budgets.
1. Adopt Resolution No. 10 -112.
2. Return to staff for further review.
3. Deny Resolution No. 10 -112.
RBC!
Option 1.
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A -4