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RESOLUTION NO. 1991 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSFY <br />STATF. OF MINNESOTA <br />RESOLUTION DESIGNATING RETAINED EARNINGS OF THE WATER <br />AND SEWER FUNDS FOR FUTURE WATER AND SEWER MAIN BREAKS <br />WHEREAS, $15,000 was budgeted for water main breaks and <br />$15,000 was hudgeted for sewer main breaks in 1985; and <br />WHEREAS, at December 31, 1985 there existed a hudqet <br />balance of $12,522 for water main breaks and there existed a <br />budget balance of $6,604 for sewer main hreaks; and <br />WHEREAS, it is the desire of the Council to designate <br />Retained for future water and sewer main breaks; <br />NOW, THEREFORE BE IT RESOLVED by the Council that <br />S12,522 of retained earnings of the Water Fund is hereby <br />designated for Future Water Main Breaks and affirms that as a <br />consequence of this designation the total amount so designated <br />is $42,890 and that $6,804 of retained earnings of the Sewer <br />Fund is hereby designated for Future Sewer Main Breaks and <br />affirms that as a consequence of this designation the total <br />amount so designated is $25,639. <br />Aaopted this 24th day cf March, 1986. <br />ATTEST: <br />(SEAL) <br />Clerk -Administrator <br />