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<br />5) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, <br />2008 is hereby adopted for the Storm Water Utility Fund as follows: <br /> <br />STORM WATER UTILITY FUND <br />Revenues: <br />Operating Revenues <br />Other Revenues- <br />Interest Earnings <br /> <br />$562,274 <br /> <br />15,000 <br /> <br />Total Revenues <br /> <br />$577.274 <br /> <br />Expenses: <br />Operating Expenses <br />Other Expenses <br />Depreciation <br />Administrative Transfer <br />Total Expenses <br /> <br />$165,929 <br /> <br />216,081 <br />15.000 <br />$397.010 <br /> <br />That the motion for the adoption of the foregoing resolution was duly seconded by <br />Councilmember Look, and upon vote being taken thereon, the following voted in favor: <br /> <br />Mayor Gamec <br />Councilmember Elvig <br />Councilmember Look <br />Councilmember Dehen <br />Councilmember Jeffrey <br />Councilmember Strommen <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br />and the following abstained: <br /> <br />None <br /> <br />and the following were absent: <br /> <br />Councilmember Olson <br /> <br />Resolution #08-01-008 <br />Page 3 of 4 <br />