HomeMy WebLinkAbout2013-132 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 13 -132
RESOLUTION ADOPTING THE 2014 WATER AND SEWER OPERATING BUDGETS
WHEREAS, the City Council has reviewed the proposed 2014 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 2014 are hereby adopted:
Operating Revenues
Transfers
2014 Water Operating Budget 2014 Sewer Operating Budget
$1,218,500 $1,647,500
-0- -0-
Total Revenues & Transfers $1,218,500 $1,647,500
Operating Expenses
Debt Service
$1,214,173 $1,805,834
-0- -0-
• Total Expenses $1,214,173 $1,805,834
Revenues /Transfers over/
Under Expenses $ 4,327 $ (158,334)
Use of Fund Surplus
-0- $ 158,334
Adopted by the Council of the City of Lino Lakes this 9th day of December, 2013.
The motion for the adoption of the foregoing resolution was introduced by Council Member
Roeser and was duly seconded by Council Member Rafferty and
upon vote being taken thereon, the following voted in favor there
Roeser, Rafferty, SToesz, 0 Donnell,
The following voted against same:.
none
ATTEST:
Juli. e Bartell, City t lerk
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Jeff Reine
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CITY COUNCIL
AGENDA ITEM 2A (iii)
STAFF ORIGINATOR Al Rolek
MEETING DATE December 9, 2013
TOPIC Consideration of adopting Resolution No. 13 -132 adopting the final
2014 Water and Sewer Operating Budgets
VOTE REQUIRED Simple Majority
BACKGROUND
The City Council reviewed the proposed 2014 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
adjusted in 2014 by 2% and 4 %, respectively, to fund operations.
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. 13 -132 adopting the final 2014 Water
and Sewer Operating Budgets.
RECOMMENDATION
Staff recommends adoption of Resolution 13 -132.
ATTACHMENTS
Resolution 13 -132.
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