HomeMy WebLinkAbout2005-203 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 05-203
RESOLUTION ADOPTING THE 2006 WATER AND SEWER OPERATING BUDGETS
WHEREAS, the City Council has reviewed the proposed 2006 Water and Sewer Operating Budgets
during their work session held August 17, 2005, 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 2006 are hereby adopted:
2006 Water Operating Budget 2006 Sewer Operating Budget
Operating Revenues $1,115,000
Transfers 299,725
Total Revenues & Transfers $1,414,725
Operating Expenses $ 807,929
Debt Service 419,868
Total Expenses $1,227,727
Revenues/Transfers over/
Under Expenses $ 186,998
$1,425,000
-0-
$1,425,000
$1,206,973
-0-
$1,206,973
$ 218,027
Adopted by the City Council of Lino Lakes, Minnesota, this 19th day of December, 2005.
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nne BartelV, Cit9 CIerk
A -3
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AGENDA ITEM 2C
STAFF ORIGINATOR Al Rolek
MEETING DATE December 19, 2005
TOPIC Consideration of adopting Resolution 05-203 adopting the final
2006 Water and Sewer Operating Budgets
Simple Majority
VOTE REQUIRED
The City Council reviewed the proposed 2006 Water and Sewer Operating Budgets at their Budget
work session held August 17, 2005. The budgets include the cost of depreciation of infrastructure
as an expense, and recovery of this cost is incorporated into the utility rate structure. At this time, no
adjustment in utility rates is anticipated.
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 05-203 adopting the final 2006 Water and
Sewer Operating Budgets.
1. Adopt Resolution 05-203 adopting the final 2006 Water and Sewer Operating Budgets.
2. Retum to staff for further review.
3. Deny Resolution 05 -203.
Option 1.