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<br /> <br />Councilmember Elvig introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #13-03-046 <br /> <br />RESOLUTION AMENDING THE 2012 ECONOMIC DEVELOPMENT AUTHORITY <br />OPERATING BUDGET <br /> <br /> WHEREAS, <br /> during the year 2012, the Ramsey City Council acted on matters impacting <br />revenue and expenditures budget of the Economic Development Authority for items that were not <br />included in the original budget for the year ending December 31, 2012; and <br /> <br />WHEREAS, <br /> for financial reporting purposes, amendment to the Economic Development <br />Authority budget is to be made in the form of a Budget Amendment Resolution; and <br /> <br />WHEREAS, <br /> 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 ending December 31, <br />2012: <br /> <br />To amend revenue activities based on budget amendments made by Council action during <br />2012 and actual moneys received over (under) budget from $172,853 to $173,916 or a <br />total net increase of $1,063. <br /> <br />Taxes $1,063 <br />Interest Earnings 0 <br />Miscellaneous Revenues 0 <br />Net increase Budgeted Revenues $1,063 <br /> <br />To amend expenditure activities based on budget amendments made by Council action <br />during 2012 and actual moneys spent over (under) budget from 172,722 to $722,039 or a <br />net increase of $549,317: <br /> <br />Personal Service $(49,870) <br />Supplies 108 <br />Other Services and Charges (921) <br />Capital Outlay 600,000 <br />Transfers to Other Funds 0 <br />Net Increase Budgeted Expenditures $549,317 <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) That the City Council hereby directs the Finance Director to enter these budget <br />amendments into the City’s financial records. <br /> <br /> <br /> <br />