HomeMy WebLinkAbout2002-185 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 02-185
RESOLUTION ADOPTING THE 2003 WATER AND SEWER OPERATING BUDGETS
WHEREAS, the City Council has reviewed the proposed 2003 Water and Sewer Operating Budgets during
their work session held August 28, 2002, and,
WHEREAS, the City Council has reviewed and made adjustments to the utility rate schedule for the years
2001-2003 sufficient to fund the utility operations in those years, 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 2003 are hereby adopted:
2003 Water Operating Budget 2003 Sewer Operating Budget
Operating Revenues $ 991,700
Transfers 301.355
Total Revenues & Transfers $1,293,055
Operating Expenses $ 863,477
Debt Service 415.389
Total Expenses $1,278,836
RevenueslTransfers over/
Under Expenses $ 14,219
$1,130,000
-0-
$1,130,000
$1,129,250
-0-
$1,129,250
$ 750
Adopted by the City Council of Lino Lakes, Minnesota, this 16th day of December, 2002.
Ann BlaiF City Clerk
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AGENDA ITEM 3C
STAFF ORIGINATOR A Rolek
MEETING DATE December 16, 2002
TOPIC Consideration of adopting Resolution 02-185 adopting the final
2003 Water and Sewer Operating Budgets
VOTE REQUIRED
BACKGROUND
Simple Majority
The City Council reviewed the proposed 2003 Water and Sewer Operating Budgets at their
Budget work session held August 28, 2002. No adjustments have been made to the proposed
budgets since that date. The budgets include the cost of depreciation of infrastructure as and
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 02-185 adopting the final 2003 Water
and Sewer Operating Budgets.
OPTIONS
1. Adopt Resolution 01-185 adopting the final 2003 Water and Sewer Operating Budgets.
2. Return to staff for further review.
3. Deny Resolution 01-185.
RECOMMENDATION
Option 1.
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