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Home My WebLink About2008-147 Council ResolutionCouncil Member Gallup introduced the following resolution and moved its adoption: CITY OF LINO LAKES RESOLUTION NO. 08 -147 RESOLUTION ADOPTING THE 2009 WATER AND SEWER OPERATING BUDGETS WHEREAS, the City Council has reviewed the proposed 2009 Water and Sewer Operating Budgets during their work session held August 18, 2008, 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 2009 are hereby adopted: Budget 2009 Water Operating Budget 2009 Sewer Operating Operating Revenues $1,388,500 $1,675,000 Transfers 204, 305 -0- Total Revenues & Transfers $1,592,805 $1,675,000 Operating Expenses $1,180,970 $1,475,393 Debt Service 411,612 -0- Total Expenses $1,592,582 $1,475,393 Revenues/Transfers over/ Under Expenses $ 223 $ 199,607 Adopted by the City Council of Lino Lakes, Minnesota, this 15th day of December, 2008. The motion for the adoption of the foregoing resolution was duly seconded by Council Member Stol +Z and upon vote being taken thereon, the following voted in favor thereof: Gallup, Stoltz, Reinert, O'Donnell, Bergeson The following voted against same: none Whereupon said resolution was declared duly passed and adopted. • ne Bartell, City Ierk 1 John Bergeson, Mayor AGENDA ITEM 2C STAFF ORIGINATOR Al Rolek MEETING DATE December 15, 2008 TOPIC Consideration of adopting Resolution 08 -147 adopting the final 2009 Water and Sewer Operating Budgets VOTE REQUIRED Simple Majority The City Council reviewed the proposed 2009 Water and Sewer Operating Budgets at their Budget work session held August 18, 2008. 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 rates will be adjusted for 2009; sewer rates will remain unchanged in the coming year. 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 08 -147 adopting the final 2009 Water and Sewer Operating Budgets. 1. Adopt Resolution 08 -147. 2. Return to staff for further review. 3. Deny Resolution 08 -147. Option 1.