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Councilmember Jeffrey introduced the following resolution and moved for its adoption: <br />RESOLUTION #10-Oi-029 <br />RESOLUTION AMENDING THE 2009 ECONOMIC DEVELOPMENT AUTHORITY <br />OPERATING BUDGET <br />WHEREAS, during the year 2009, 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 ending December 31, 2009; and <br />WHEREAS, for financial reporting purposes, amendment to the Economic Development <br />Authority budget is to be made in the form of a Budget Amendment Resolution; 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 ending December 31, <br />2009: <br />To amend revenue activities based on budget amendments made by Council action during <br />2009 and actual moneys received over (under) budget from $296,705 to $315,851 or a <br />total net increase of $19,146. <br />Taxes $0 <br />Interest Earnings 0 <br />Miscellaneous Revenues 19,146 <br />Net increase/decrease Budgeted Revenues 19 14 <br />To amend expenditure activities based on budget amendments made by Council action <br />during 2009 and actual moneys spent over (under) budget from 291,705 to $97,136 or a <br />net decrease of $194,569: <br />Personal Service $ 22 <br />Supplies (1,000) <br />Other Services and Charges 20,745 <br />Capital Outlay (214,336) <br />Transfers to Other Funds 0 <br />Net Decrease Budgeted Expenditures 194 56 <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br />1) That the City Council hereby directs the Finance Officer to enter these budget <br />amendments into the City's financial records. <br />