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Councilmember introduced the following resolution and moved for its adoption: <br />RESOLUTION #08-12-XXX <br />RESOLUTION AMENDING THE 2008 ECONOMIC DEVELOPMENT AUTHORITY <br />OPERATING BUDGET <br />WHEREAS, during the year 2008, the Ramsey City Council. acted on matters impacting <br />.revenue and expenditures budget of the Economic Development Authority for items that were <br />not included in the original budget for the year ended December 31, 2008; and <br />WHEREAS, for financial. reporting purposes, amendments to the Economic <br />Development Authority budget. is to be made in the form of a Budget Amendment Resolution; <br />and <br />WHEREAS, the following budget amendments are required to confirm Council's actions <br />taken by motion and/or discussion and to reflect actual activity for the year ended December 31, <br />2008: <br />To amend revenue activities based on budget amendments made by Council action during <br />2008 and actual moneys received .over (under) budget from $396,375 to $509,564 or a <br />total net increase of $113,189. <br />Taxes $(10,675) <br />Interest Earnings 17,000 <br />Miscellaneous Revenues 106,864 <br />Net increase/decrease Budgeted Revenues 113 189 <br />To amend expenditure activities based on budget amendments made by Council action <br />during 2008 and actual moneys spent over (under) budget from $393,375 to $482,588 or <br />a net increase of $89,213: <br />Personal Service $ (4,754) <br />Supplies (4,000) <br />Other Services and Charges 45,207 <br />Capital Outlay 52,760 <br />Transfers to Other Funds 0 <br />Net Decrease Budgeted Expenditures 89 213 <br />NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, COUNTY OF ANOKA, STATE OF MINNESOTA, as follows: <br />-112- <br />