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RESOLUTION NO. 1739 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION DESIGNATING RETAINED EARNINGS OF THE WATER <br />AND SEWER FUNDS AS RESERVES FOR WATER AND SEWER MAIN BREAKS <br />WHEREAS, $22,400 was budgeted for water main breaks and <br />$15,000 was budgeted for sewer main breaks in 1983; and <br />WHEREAS, at December 31, 1983 there existed a budget <br />balance of $18,148 for water main breaks and there existed a <br />budget balance of $9,456 for sewer main breaks; and <br />WHEREAS, it is the desire of the Council to establish <br />reserves for water and sewer main breaks; <br />NOW, THEREFORE BE IT RESOLVED by the Council that <br />$18,148 of retained earnings of the Water Fund is hereby <br />designated as a Reserve For Water Main Breaks and that $9,456 <br />of retained earnings of the Sewer Fund is hereby designated as <br />r. a Reserve For Sewer Main Breaks. <br />r <br />Adopted this 28th day of May, 1983. <br />ATTEST: <br />(SEAL) <br />Mayor <br />Clerk -Administrator <br />