HomeMy WebLinkAbout2014-149 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 14-149
RESOLUTION ADOPTING THE 2015 WATER AND SEWER OPERATING BUDGETS
WHEREAS, the City Council has reviewed the proposed 2015 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 2015 are hereby adopted:
Operating Revenues
Transfers
2015 Water Operating Budget 2015 Sewer Operating Budget
$1,247,938 $1,688,000
-0- -0-
Total Revenues & Transfers $1,247,938 $1,688,000
Operating Expenses
Debt Service
Total Expenses
Revenues/Transfers over/
Under Expenses
$1,179,819 $2,181,199
-0- -0-
$1,179,819 $2,181,199
$ 68,119 $ (493,199)
Use of Fund Surplus -0- $ 493.199
Adopted by the Council of the City of Lino Lakes this 8th day of December, 2014.
The motion for the adoption of the foregoing resolution was introduced by Council Member Roeser
and was duly seconded by Council Member and upon vote being taken thereon, the followi s voted in
favor thereof: Kusterman
RQeser, Kusterman, Rafferty, Stoes
The tollowmg'voted against same:.
none
ATTEST:
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CITY COUNCIL
AGENDA ITEM 2A (iii)
STAFF ORIGINATOR Al Rolek
MEETING DATE December 8, 2014
TOPIC Consideration of adopting Resolution No. 14-149 adopting the final
2015 Water and Sewer Operating Budgets
VOTE REQUIRED Simple Majority
BACKGROUND
The City Council reviewed the proposed 2015 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 2015 by 2% and
3%, 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. 14-149 adopting the final 2015 Water and Sewer
Operating Budgets.
RECOMMENDATION
Staff recommends adoption of Resolution 14-149.
ATTACHMENTS
Resolution 14-149.
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