HomeMy WebLinkAbout2003-224 Council Resolution•
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CITY OF LINO LAKES
RESOLUTION NO. 03-224
RESOLUTION ADOPTING THE 2004 WATER AND SEWER OPERATING BUDGETS
WHEREAS, the City Council has reviewed the proposed 2004 Water and Sewer Operating Budgets during
their work session held August 13, 2003, 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 2004 are hereby adopted:
2004 Water Operating Budget 2004 Sewer Operating Budget
Operating Revenues $ 998,000 $1,235,000
Transfers 303,108 -0-
Total Revenues & Transfers $1,301,108
Operating Expenses $ 746,680
Debt Service 418,290
Total Expenses $1,164,970 $1,198,159
RevenuesfTransfers over/
Under Expenses $ 136,138 36 841
$1,235,000
$1,198,159
-0-
Adopted by the City Council of Lino Lakes, Minnesota, this 15th da of December, 2003.
Ann Blairj, City Clerk
Ber• son, :yor
AGENDA ITEM 3C
• STAFF ORIGINATOR Al Rolek
MEETING DATE December 15, 2003
TOPIC Consideration of adopting Resolution 03-224 adopting the final
2004 Water and Sewer Operating Budgets
VOTE REQUIRED
BACKGROUND
Simple Majority
The City Council reviewed the proposed 2004 Water and Sewer Operating Budgets at their
Budget work session held August 13, 2003. 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 03-224 adopting the final 2004 Water
and Sewer Operating Budgets.
OPTIONS
• 1. Adopt Resolution 03-224 adopting the final 2004 Water and Sewer Operating Budgets.
2. Return to staff for further review.
3. Deny Resolution 03-224.
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RECOMMENDATION
Option 1.