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• Councilmember Jeffrey introduced the following resolution and moved for its adoption: <br />RESOLUTION #10-O1-026 <br />RESOLUTION ADOPTING THE 2010 CITY OF RAMSEY ENTERPRISE FUNDS <br />OPERATING BUDGETS <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 />1) That the anriual budget of the City of Ramsey for the fiscal year beginning January 1, <br />2010 is hereby adopted for the Water Utility Fund as follows: <br />WATER UTILITY FUND <br />Revenues: <br />Operating Revenues $1,691,226 <br />Other Revenues- <br />. Interest Earnings 220,000 <br />Total Revenues 1 1 22 <br />Expenses: <br />• Operating Expenses $802,250 <br />Other Expenses <br />Depreciation 647,660 <br />Administrative Transfer 32.000 <br />Total Expenses 1 4 1 <br />2) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, <br />2010 is hereby adopted for the Sewer Utility Fund as follows: <br />SEWER UTILITY FUND <br />Revenues: <br />Operating Revenues $1,293,761 <br />Other Revenues- <br />- Interest Earnings 80.000 <br />Total Revenues $ <br />Expenses: <br />Operating Expenses $721,294 <br />Other Expenses <br />Depreciation 457,434 <br />Administrative Transfer 26.000 <br />• Total Expenses 1 2~- <br />-253- <br />