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Councilmember introduced the following resolution and moved for its adoption: <br />RESOLUTION #11- 02 -XXX <br />RESOLUTION ADOPTING THE 2011 CITY OF RAMSEY <br />OPERATING BUDGETS <br />NOW THEREFORE BE IT RESOLVED BY THE CITY COUN <br />RAMSEY, COUNTY OF ANOKA, STATE OF MINNESOTA, as <br />1) That the annual budget of the City of Ramsey for the fiscal <br />2011 is hereby adopted for the Water Utility Fund as follows: <br />WATER UTILITY FUND <br />Revenues: <br />Operating Revenues <br />Other Revenues - <br />Interest Earnings <br />Total Revenues <br />Expenses: <br />Operating Expenses $803,595 <br />Other Expenses <br />Depreciation 647,660 <br />Administrative Transfer 33,000 <br />Total Expenses $1.484.255 <br />2) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, <br />2011 is hereby adopted for the Sewer Utility Fund as follows: <br />SEWER UTILITY FUND <br />Revenues: <br />Operating Revenues <br />Other Revenues - <br />Interest Earnings <br />Total Revenues <br />$1,640,075 <br />220,000 <br />$1,860,075 <br />$1,244,830 <br />80,000 <br />$1,324,830 <br />Expenses: <br />Operating Expenses $749,810 <br />Other Expenses <br />Depreciation 497,434 <br />Administrative Transfer 27,000 <br />Total Expenses $1,274,244 <br />ENTERPRISE FUNDS <br />CIL OF THE CITY OF <br />follows: <br />year beginning January 1, <br />