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5) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, <br />2012 is hereby adopted for the Storm Water Utility Fund as follows: <br />STORM WATER UTILITY FUND <br />Revenues: <br />Operating Revenues $ 62 0, 5 8 7 <br />Other Revenues - <br />Interest Earnings 5,000 <br />Total Revenues $625,587 <br />Expenses: <br />Operating Expenses $231,929 <br />Other Expenses <br />Depreciation 235,517 <br />Administrative Transfer 23,000 <br />Total Expenses $490,446 <br />That the motion for the adoption of the foregoing resolution was duly seconded by <br />Councilmember and upon vote being taken thereon, the following voted in favor: <br />the following voted against the same: <br />and the following abstained: <br />and the following were absent: <br />whereupon said resolution was declared duly passed and adopted by the Ramsey City Council <br />this 14th of February, 2012. <br />ATTEST: <br />City Clerk <br />Mayor <br />Resolution #12-02-XXX <br />Page 3 of 4 <br />