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5) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, 2013 <br />is hereby adopted for the Storm Water Utility Fund as follows: <br /> <br />STORM WATER UTILITY FUND <br /> <br /> Revenues: <br /> Operating Revenues $670,185 <br /> Other Revenues- <br /> Interest Earnings 4,000 <br /> <br /> <br />Total Revenues$674,185 <br /> <br /> <br /> <br />Expenses: <br /> Operating Expenses $240,158 <br /> Other Expenses <br /> Depreciation 242,582 <br /> Administrative Transfer 24,000 <br />Total Expenses$506,740 <br /> <br /> <br /> <br />That the motion for the adoption of the foregoing resolution was duly seconded by <br />Councilmember Kuzma, and upon vote being taken thereon, the following voted in favor: <br /> <br /> Mayor Strommen <br /> Councilmember Elvig <br /> Councilmember Kuzma <br /> Councilmember LeTourneau <br /> Councilmember Riley <br /> Councilmember Tossey <br /> <br />and the following voted against the same: <br /> <br /> None <br /> <br />and the following abstained: <br /> <br /> None <br /> <br />and the following were absent: <br /> <br /> Councilmember Backous <br /> <br /> <br /> <br /> <br />Resolution #13-03-049 <br />Page 3 of 4 <br /> <br />