HomeMy WebLinkAbout2004-191 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 04-191
RESOLUTION ADOPTING THE 2005 WATER AND SEWER OPERATING BUDGETS
WHEREAS, the City Council has reviewed the proposed 2005 Water and Sewer Operating Budgets during
their work session held August 26, 2004, 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 2005 are hereby adopted:
2005 Water Operating Budget 2005 Sewer Operating Budget
Operating Revenues $1,052,000 $1,310,000
Transfers 304,195 -0-
Total Revenues & Transfers $1,356,195 $1,310,000
Operating Expenses $ 902,841 $1,209,408
Debt Service 418,990
Total Expenses $1,321,831
Revenues/Transfers over/
Under Expenses $ 34,364
-0-
$1,209,408
$
•00,592
Adopted by the City Council of Lino Lakes, Minnesota, this 20th day of December, 2004.
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AGENDA ITEM 2C
STAFF ORIGINATOR Al Rolek
MEETING DATE December 20, 2004
TOPIC Consideration of adopting Resolution 04 -191 adopting the final
2005 Water and Sewer Operating Budgets
VOTE REQUIRED
BACKGROUND
Simple Majority
The City Council reviewed the proposed 2005 Water and Sewer Operating Budgets at their
Budget work session held August 26, 2004. No adjustments have been made to the proposed
budgets since that date. The budgets include the cost of depreciation of infrastructure as an
expense, and recovery of this cost is incorporated into the utility rate structure.
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 04 -191 adopting the final 2005 Water
and Sewer Operating Budgets.
OPTIONS
1. Adopt Resolution 04 -191 adopting the final 2005 Water and Sewer Operating Budgets.
2. Return to staff for further review.
3. Deny Resolution 4 -191.
RECOMMENDATION'
Option 1.