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Home My WebLink About2006-210 Council Resolution• • Council Member Stol t7. introduced the following resolution and moved its adoption: CITY OF LINO LAKES RESOLUTION NO. 06-210 RESOLUTION ADOPTING THE 2007 WATER AND SEWER OPERATING BUDGETS WHEREAS, the City Council has reviewed the proposed 2007 Water and Sewer Operating Budgets during their work session held August 21, 2006, 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 2007 are hereby adopted: 2007 Water Operating Budget 2007 Sewer Operating Budget Operating Revenues $1,330,000 $1,551,000 Transfers 141.199 -0- Total Revenues & Transfers $1,471,199 $1,551,000 Operating Expenses $ 928,152 $1,313,661 Debt Service 426,047 11,587 Total Expenses $1,354,199 $1,365,248 Revenues/Transfers over/ Under Expenses $ 117,000 $ 185,752 Adopted by the City Council of Lino Lakes, Minnesota, this 18th day of December, 2006. 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: Stoltz, Reinert, Carlson, O'Donnell, Bergeson The following voted against same: none Whereupon said resolution was declared duly passed and adopted. �r l Julia ne Bartell, City Ierk Reinert • • • AGENDA ITEM 2D STAFF ORIGINATOR Al Rolek MEETING DATE December 18, 2006 TOPIC Consideration of adopting Resolution 06 -210 adopting the final 2007 Water and Sewer Operating Budgets VOTE REQUIRED Simple Majority The City Council reviewed the proposed 2007 Water and Sewer Operating Budgets at their Budget work session held August 21, 2006. 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 06 -210 adopting the final 2007 Water and Sewer Operating Budgets. 1. Adopt Resolution 06 -210 adopting the final 2007 Water and Sewer Operating Budgets. 2. Return to staff for further review. 3. Deny Resolution 06 -210. Option 1.