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Councilmember introduced the following resolution and moved for its adoption: <br />RESOLUTION #15-03-056 <br />RESOLUTION AMENDING THE 2014 ECONOMIC DEVELOPMENT AUTHORITY <br />OPERATING BUDGET <br />WHEREAS, during the year 2014, the Ramsey City Council acted on matters impacting <br />revenue and expenditures budget of the Economic Development Authority for items that were <br />not included in the original budget for the year ending December 31, 2014; and <br />WHEREAS, 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 />WHEREAS, 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 />2014: <br />To amend revenue activities based on budget amendments made by Council action during <br />2014 and actual moneys received over (under) budget from $124,788 to $161,196 or a <br />total net increase of $36,408. <br />Taxes $ (386) <br />Intergovernmental Revenues 12,239 <br />Miscellaneous Revenues 198 <br />Interest Earnings $24,357 <br />Net increase Budgeted Revenues $36,408 <br />To amend expenditure activities based on budget amendments made by Council action <br />during 2014 and actual moneys spent over (under) budget from $128,050 to $98,767 or a <br />net decrease of $29,283: <br />Personal Service $(9,832) <br />Supplies (1,839) <br />Other Services and Charges 07,612) <br />Net Decrease Budgeted Expenditures $(29,283) <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br />1) That the City Council hereby directs the Finance Director to enter these budget <br />amendments into the City's financial records. <br />