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�+ RESOLUTION NO. 1882 <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, $16,063 was budgeted for water main breaks and <br />$16,025 was budgeted for sewer main breaks in 1984; and <br />WHEREAS, at December 31, 1984 there existed a budget <br />balance of $12,220 for water main breaks and there existed a <br />budget balance of $9,379 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 />$12,220 of retained earnings of the Water Fund is hereby <br />designated as a Reserve For Water Main Breaks and affirms that <br />as a consequence of this designation the total amount so <br />designated is $30,368 and that $90379 of retained earnings of <br />the Sewer Fund is hereby designated as a Reserve For Sewer <br />Main Breaks and affirms that as a consequence of this <br />designation the total amount so designated is $18,835. <br />Adopted this 22th day of April, 1984. <br />ATTEST: <br />(SEAL) <br />Mayor <br />Clerk -Administrator <br />