HomeMy WebLinkAbout2011-125 Council Resolution•
Council Member Roeser introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 11 -125
RESOLUTION ADOPTING THE 2012 WATER AND SEWER OPERATING BUDGETS
WHEREAS, the City Council has reviewed the proposed 2012 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 2012 are hereby adopted:
2012 Water Operating Budget 2012 Sewer Operating Budget
Operating Revenues
Transfers
Total Revenues & Transfers
$1,340,000 $1,624,222
206.171 -0-
$1,546,171 $1,624,222
Operating Expenses $1,121,734 $1,624,222
Debt Service 417,841 -0-
Total Expenses $1,539,575 $1,624,222
Revenues/Transfers over/
Under Expenses $ 6,596
Adopted by the City Council of Lino Lakes, Minnesota, this 12th day of December, 2011.
The motion for the adoption of the foregoing resolution was duly seconded by Council Member
and upon vote being taken thereon, the following voted in favor thereof: Gallup
Roeser, Gallup, O'Donnell, Rafferty, Reinert
The following voted against same:.
none
Whereupon said resolution was declared duly passed and ado
Juli- ne Bartell, City C erk
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A-4
Jeff Reine , a or
FCOMMENDATION]
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AGENDA ITEM 2A (iii)
STAFF ORIGINATOR Al Rolek
MEETING DATE December 12, 2011
TOPIC Consideration of adopting Resolution No. 11 -125 adopting the final
2012 Water and Sewer Operating Budgets
VOTE REQUIRED
BACCKGROUND
Simple Majority
The City Council reviewed the proposed 2012 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 be reviewed in 2012.
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. 11 -125 adopting the final 2012
Water and Sewer Operating Budgets.
OPTIONS
1. Adopt Resolution No. 11 -125.
2. Return to staff for further review.
Option 1.
A-4