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5) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, <br />2010 is hereby adopted for the Storm Water Utility Fund as follows: <br />STORM WATER UTILITY FUND <br />Revenues: <br />Operating Revenues $606,184 . <br />Other Revenues- <br />Interest Earnings 8,000 <br />Total Revenues 614 1 4 <br />Expenses: <br />Operating Expenses $144,293 <br />Other Expenses <br />Depreciation .229,776 <br />Administrative Transfer 21,000 <br />Total Expenses 395 069 <br />That the motion for the adoption of the foregoing resolution was duly seconded by <br />Councilmember and upon vote being taken thereon, the following voted in favor: and <br />the following voted against the same: <br />and the following abstained: <br />and the following were absent: <br />whereupon said resolution was declared duly passed and adopted by the Ramsey City Council <br />this 26th of January, 2010. <br />Mayor <br />ATTEST: <br />City Clerk <br />Resolution #10-O1-XXX <br />Page 3 of 4 <br />