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5) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, 2012 <br />is hereby adopted for the Storm Water Utility Fund as follows: <br />STORM WATER UTILITY FUND <br />Revenues: <br />Operating Revenues <br />Other Revenues - <br />Interest Earnings <br />Total Revenues $625,587 <br />Expenses: <br />Operating Expenses $231,929 <br />Other Expenses <br />Depreciation 23 5, 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 Wise and upon vote being taken thereon, the following voted in favor: <br />Mayor Ramsey <br />Councilmember Tossey <br />Councilmember Wise <br />Councilmember Backous <br />Councilmember Elvig <br />Councilmember McGlone <br />Councilmember Strommen <br />the following voted against the same: <br />none <br />and the following abstained: <br />none <br />and the following were absent: <br />none <br />Resolution #12 -02 -018 <br />Page 3 of 4 <br />$620,587 <br />5,000 <br />