HomeMy WebLinkAbout2007-210 Council ResolutionCouncil Member BP4 nArt
introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 07 -210
RESOLUTION ADOPTING THE 2008 WATER AND SEWER OPERATING BUDGETS
WHEREAS, the City Council has reviewed the proposed 2008 Water and Sewer Operating Budgets during
their work session held August 22, 2007, 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 2008 are hereby adopted:
2008 Water Operating Budget 2008 Sewer Operating Budget
Operating Revenues $1,365,500 $1,634,000
Transfers 134,365 -0-
Total Revenues & Transfers $1,499,865 $1,634,000
Operating Expenses $1,001,829 $1,596,959
Debt Service 487,554 36,536
Total Expenses $1,489,383 $1,633,495
Revenues/Transfers over/
Under Expenses $ 10,482 $ 505
Adopted by the City Council of Lino Lakes, Minnesota, this 17th day of December, 2007.
The motion for the adoption of the foregoing resolution was duly seconded by Council Member Donne
upon vote being taken thereon, the following voted in favor thereof:
Reinert, 0 Donnell, Carlson, Stoltz, Bergeson
The following voted against same:
none
Whereupon said resolution was declared duly passed and adopted.
Jai - e Bartell, City C
•
AGENDA ITEM 2C
STAFF ORIGINATOR Al Rolek
MEETING DATE December 17, 2007
TOPIC Consideration of adopting Resolution 07 -210 adopting the final
2008 Water and Sewer Operating Budgets
VOTE REQUIRED
BACKGROUND
Simple Majority
The City Council reviewed the proposed 2008 Water and Sewer Operating Budgets at their Budget
work session held August 22, 2007. 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,
adjustments in utility rates are pending further City Council review.
• 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 07 -210 adopting the final 2008 Water and
Sewer Operating Budgets.
1. Adopt Resolution 07 -210.
2. Return to staff for further review.
3. Deny Resolution 07 -210.
Option 1.
•
DATIOP
A -4