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Councilmember introduced the following resolution and moved for its adoption: <br />RESOLUTION #15-03-057 <br />RESOLUTION AMENDING THE 2014 HOUSING AND REDEVELOPMENT <br />AUTHORITY OPERATING BUDGET <br />WHEREAS, during the year 2014, the Ramsey HRA acted on matters impacting revenue <br />and expenditures budget of the Housing and Redevelopment Authority for items that were not <br />included in the original budget for the year ended December 31, 2014; and <br />WHEREAS, for financial reporting purposes, amendments to the Housing and <br />Redevelopment Authority budget is to be made in the form of a Budget Amendment Resolution; <br />and <br />WHEREAS, the following budget amendments are required to confirm the HRA's <br />actions taken by motion and/or discussion and to reflect actual activity for the year ended <br />December 31, 2014: <br />To amend revenue activities based on budget amendments made by HRA action during <br />2014 and actual moneys received over (under) budget from $210,302 to $348,048 a total <br />net increase of $137,746. <br />Taxes (509) <br />Intergovernmental Revenue 58 <br />Miscellaneous Revenues (Gain land sales) 123,256 <br />Interest Earnings 14,941 <br />Net Increase Budgeted Revenue $137,746 <br />To amend expenditure activities based on budget amendments made by HRA action <br />during 2014 and actual moneys spent over (under) budget from $207,802 to $467,005 for <br />a net decrease of $259,203. <br />Personal Service $ (18,955) <br />Supplies 351 <br />Other Services and Charges 57,388 <br />Transfers Out (Distribute Land Sale Proceeds) 220,419 <br />Net Increase Budgeted Expenditures $ 259,203 <br />NOW THEREFORE BE IT RESOLVED BY THE HRA OF THE CITY OF RAMSEY, <br />COUNTY OF ANOKA, STATE OF MINNESOTA, as follows: <br />