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Councilmember Kurak introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #03-01-031 <br /> <br />RESOLUTION AMENDING THE 2002 ECONOMIC DEVELOPMENT AUTHORITY <br />OPERATING BUDGET <br /> <br /> WHEREAS, during the year 2002, the Ramsey City Council acted on matters impacting <br />revenue and expenditures budget of the Economic Development Authority for items that were <br />not included in the original budget for the year ended December 31, 2002; and <br /> <br /> WHEREAS, for financial reporting purposes, amendments to the Economic <br />Development Authority budget is to be made in the form of a Budget Amendment Resolution; <br />and <br /> <br /> WHERF. AS, the following budget amendments are required to confirm Council's actions <br />taken by motion and/or discussion and to reflect actual activity for the year ended December 31, <br />2002: <br /> <br />To amend revenue activities based on budget amendments made by Council action during <br />2002 and actual moneys received over (under) budget from $10,500 to $10,500 for a total <br />net increase of $0: <br /> <br />Net Increase Budgeted Revenues <br /> <br />$ 0 <br /> <br />To amend expenditure activities based on wage contract settlements, budget amendments <br />made by Council acting during 2002 and actual moneys spent over (under) budget from <br />$85,292 to $91,217 for a net increase of $5,925: <br /> <br />Personal Service <br />Supplies <br />Other Services and Charges <br />Capital Outlay <br />Transfers to Other Funds <br />Net Decrease Budgeted Revenues <br /> <br />$ (3,921) <br />898 <br />5,927 <br />3,042 <br />(21) <br />$ 5:925 <br /> <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 /> <br />1) That the City Council hereby directs the finance Officer to enter these budget <br /> amendments into the City's financial records. <br /> <br /> <br />