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5) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, 2014 <br />is hereby adopted for the Storm Water Utility Fund as follows: <br /> <br />STORM WATER UTILITY FUND <br /> <br /> Revenues: <br /> Operating Revenues $692,800 <br /> Other Revenues- <br /> Interest Earnings 3,800 <br />Total Revenues$696,600 <br /> <br /> <br /> <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 /> <br /> <br /> <br />That the motion for the adoption of the foregoing resolution was duly seconded by <br />Councilmember Johns, and upon vote being taken thereon, the following voted in favor: <br /> <br />Mayor Strommen <br />Councilmember Letourneau <br />Councilmember Johns <br />Councilmember Backous <br />Councilmember Kuzma <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 /> None <br /> <br />whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this <br />11th of March, 2014. <br /> <br /> <br /> <br />Resolution #14-03-049 <br />Page 3 of 4 <br /> <br />