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• 5) That the annual budget of the City of Ramsey for the fiscal yeaz 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 6 4 1 4 ' <br />Expenses: <br />Operating Expenses $144,293 <br />Other Expenses <br />Depreciation 229,776 <br />Administrative Transfer 21.000 <br />Total Expenses 5 06 <br />That the motion for the adoption of the foregoing resolution was duly seconded by <br />• Councilmember Elvig and upon vote being taken thereon, the following voted in favor: <br />Mayor Ramsey <br />Councilmember Jeffrey <br />Councilmember Elvig <br />Councilmember Dehen <br />Councilmember Look' <br />Councilmember McGlone <br />Councilmember Wise <br />the following voted against the same: <br />None <br />and the following abstained: <br />None <br />and. the following were absent: <br />None <br />• whereupon said resolution was declazed duly passed and adopted by the Ramsey City Council <br />this 26th of January, 2010. <br />Resolution #10-O1-026 <br />Page 3 of 4 <br />-255- <br />