HomeMy WebLinkAbout2015-143 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 15-143
RESOLUTION ADOPTING THE 2016 WATER AND SEWER OPERATING BUDGETS
WHEREAS, the City Council has reviewed the proposed 2016 Water and Sewer Operating
Budgets during their budget work sessions, and
WHEREAS, the City Council each year adopts the Water and Sewer Operating Budget by
resolution.
NOW, THEREFORE BE IT RESOLVED by The City Council of The City of Lino Lakes,
that the following Water and Sewer Operating Budgets for the year 2016 are hereby adopted:
Operating Revenues
Transfers
2016 Water Operating Budget 2016 Sewer Operating Budget
$1,073,425 $1,673,000
-0- -0-
Total Revenues & Transfers $1,073,425 $1,673,000
Operating Expenses
Debt Service
Total Expenses
Revenues/Transfers over/
Under Expenses
Use of Fund Surplus
$2,745,440 $1,913,852
-0- -0-
$2,745,440 $1,913,852
$(1,672,015) $ (240,852)
$ 1,672,015 $ 240,852
Adopted by the Council of the City of Lino Lakes this 14th day of December, 2015.
The motion for the adoption of the foregoing resolution was introduced by Council Member
Roeser and was duly seconded by Council Member Kusterman and upon
vote being taken thereon, the following voted in favor thereof:
Roeser, Kusterman, Rafferty, Stoesz, R
The following voted against same:
none
ATTEST:
a e Bartell, City Cler
Jeff Rein: rt, ayor
CITY COUNCIL
AGENDA ITEM 2A(iii)
STAFF ORIGINATOR: Sarah Cotton
MEETING DATE: December 14, 2015
TOPIC: Consider Resolution No. 15-143, Adopting the 2016 Water and
Sewer Operating Budgets
VOTE REQUIRED: 3/5
BACKGROUND
The City Council reviewed the proposed 2016 Water and Sewer Operating Budgets at the December
7th City Council Work Session. 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.
RECOMMENDATION
Staff recommends the approval of Resolution No. 15-143.
ATTACHMENTS
Resolution No. 15-143, Adopting the 2016 Water and Sewer Operating Budgets