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Councilmember Wise introduced the following resolution and moved for its adoption: <br />RESOLUTION #11 -02 -036 <br />RESOLUTION ADOPTING THE 2011 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 annual budget of the City of Ramsey for the fiscal year beginning January 1, <br />2011 is hereby adopted for the Water Utility Fund as follows: <br />WATER UTILITY FUND <br />Revenues: <br />Operating Revenues $1,640,075 <br />Other Revenues - <br />Interest Earnings 220,000 <br />Total Revenues 1 8 75 <br />Expenses: <br />Operating Expenses $803,595 <br />Other Expenses <br />Depreciation 647,660 <br />Administrative Transfer 33,000 <br />Total Expenses 1 484 2 <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 $1,244,830 <br />Other Revenues - <br />Interest Earnings 80.000 <br />Total Revenues $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 S1274,244 <br />