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Counci]member! <br /> <br />introduced the following resolution and moved for its adoption: <br /> RESOLUTION #94-12- <br /> <br />RESOLUTIO~N ADOPTING THE <br />AUTHORITYtOPERATING BUDGET <br /> <br />1995 ECONOMIC <br /> <br />DEVELOPMENT <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF RAMSEY,~COUNTY OF ANOKA, STATE OF MINNESOTA, as follows: <br /> <br />1) <br /> <br />That the ~nnual budget of the City of Ramsey Economic Development Authority for the <br />fiscal yet beginnin~January 1,199.5 is hereby adopted as follows: <br /> <br />Revenues: <br /> Interest Etumed on Investments <br /> Other Financing Sources - <br /> Transfer From Tax Increment Fund <br /> <br />7,500 <br />93.312 <br /> <br />Total Revenues <br /> <br />$ 100,312 <br /> <br />E.',;penditures: <br /> Personal Services <br /> Supplies <br /> Service and Charges <br /> Capital Outlay <br /> Other Financing Uses - <br /> Transfer to Equipment Replacement Fund <br /> <br />39,623 <br />2,100 <br />119,310 <br />20,000 <br /> <br />1.500 <br /> <br /> Total Expenditures <br />Expenditures in Excess of Revenues <br /> <br />.$ 182,533 <br /> <br />$(82,221) <br /> <br /> Us/: of Fund Balance 82.221 <br /> <br /> Excess of Revenues and Other Sources Over <br /> Expenditures and Other Uses $ 0 <br /> <br />That the motion ifor the adoption of the foregoing resolution wad duly seconded by EDA <br />Commissioner ~ and upon vote being taken thereon, the following'voted in favor of: <br /> <br />and the following ¥oted against the same: <br />and the following ~bstained: <br />and the following were absent: <br /> <br /> 7 <br /> <br /> <br />