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<br />Commissioner Gamec introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #HRA-08-12-006 <br /> <br />RESOLUTION AMENDING THE 2008 HOUSING AND REDEVELOPMENT <br />AUTHORITY OPERATING BUDGET <br /> <br />WHEREAS, during the year 2008, the Ramsey HRA acted on matters impacting revenue <br />and expenditures budget of the Housing and Redevelopment Authority for items that were not <br />included in the original budget for the year ended December 31, 2008; and <br /> <br />WHEREAS, for financial reporting purposes, amendments to the Housing and <br />Redevelopment Authority budget is to be made in the form of a Budget Amendment Resolution; <br />and <br /> <br />WHEREAS, the following budget amendments are required to confirm the HRA's <br />actions taken by motion and/or discussion and to reflect actual activity for the year ended <br />December 31, 2008: <br /> <br />To amend revenue activities based on budget amendments made by HRA action during <br />2008 and actual moneys received over (under) budget from $313,143 to $314,985 a total <br />net increase of$1,842. <br /> <br />Taxes <br />Investment Earnings <br /> <br />$(7,458) <br />9,300 <br /> <br />Net increase/decrease Budgeted Revenues <br /> <br />$1.842 <br /> <br />To amend expenditure activities based on budget amendments made by HRA action <br />during 2008 and actual moneys spent over (under) budget from $312,443 to $69,400 for a <br />net decrease of $243,043: . <br /> <br />Personal Service <br />Other Services and Charges <br />Capital Outlay <br />Transfers to Other Funds <br />Net Decrease Budgeted Expenditures <br /> <br />$ (39,536) <br />(23,300) <br />(180,207) <br />o <br />$(243.043) <br /> <br />NOW THEREFORE BE IT RESOLVED BY THE HRA OF THE CITY OF RAMSEY, <br />COUNTY OF ANOKA, STATE OF MINNESOTA, as follows: <br /> <br />1) That the HRA hereby directs the Finance Officer to enter these budget amendments into <br />the City's financial records. <br />