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Rull " I k U-1 U101
<br />L01K.1 i PIM N201 bw MIMI
<br />RESOLUTION ADOPTING 2020 WATER, SEWER AND STORM WATER FUND
<br />BUDGETS
<br />WHEREAS, The City of Lake Elmo is to approve a resolution setting forth an annual
<br />budget for the Water, Sewer and Storm Water Funds; and
<br />WHEREAS, the City Council has received the budget document;
<br />NOW THEREFORE BE IT RESOLVED by the City Council of the City of Lake Elmo,
<br />that the 2020 Water, Sewer and Stonn Water Fund Budgets shall be as follows:
<br />2020
<br />2020
<br />2020
<br />Water
<br />Sewer
<br />Storm
<br />Fund Revenues:
<br />Charges for Services
<br />$ 1,149,997
<br />$ 307,500
<br />$391,793
<br />Connections
<br />1,120,000
<br />1,220,000
<br />-
<br />Special Assessments
<br />21,776
<br />137,250
<br />Miscellaneous
<br />95,000
<br />-
<br />-
<br />Interest on Investments
<br />60,000
<br />40,000
<br />25,000
<br />Total Fund Revenues
<br />$2,446,773
<br />$1,704,750
<br />$416,793
<br />Fund Expenses:
<br />Personnel
<br />$ 271,607
<br />$ 146,566
<br />$ 89,352
<br />Materials and Supplies
<br />196,650
<br />41,680
<br />9,635
<br />Charges and Services
<br />282,980
<br />363,413
<br />104,976
<br />Capital Outlay
<br />545,000
<br />210,000
<br />0
<br />Miscellaneous
<br />1,180,370
<br />655,516
<br />264,650
<br />Total Fund Expenses
<br />$2,476,607
<br />$1,417,175
<br />$468,618
<br />ADOPTED,, by the Lake Elmo City Council on the 17'h day,qfDe�mber, 2019.
<br />Mike- - rson
<br />Mayor
<br />'E T:
<br />Z
<br />To
<br />City Clerk
<br />
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