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5) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, <br />2014 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 <br />$692,800 <br />3,800 <br />$696,600 <br />Expenses: <br />Operating Expenses $264,242 <br />Other Expenses <br />Depreciation 225,000 <br />Administrative Transfer 26,000 <br />Total Expenses $515,242 <br />That the motion for the adoption of the foregoing resolution was duly seconded by, and upon <br />vote being taken thereon, the following voted in favor: <br />and 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 llth of March, 2014. <br />ATTEST: <br />City Clerk <br />Mayor <br />Resolution #14-03-049 <br />Page 3 of 4 <br />