Resolution - #15-03-058 - 03/10/2015

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Councilmember Johns introduced the following resolution and moved for its adoption: RESOLUTION #15-03-058 RESOLUTION AMENDING THE 2014 CITY OF RAMSEY ENTERPRISE FUNDS BUDGETS WHEREAS, during the year 2014, the Ramsey City Council acted on matters impacting revenue and expenditures budgets of the City’s enterprise funds for items that were not included in the original budget for the year ended December 31, 2014; and WHEREAS, for financial reporting purposes, amendments to the City’s enterprise funds budgets are to be made in the form of a Budget Amendment Resolution; and WHEREAS, the following budget amendments are required to confirm Council's actions taken by motion and/or discussion and to reflect actual activity for the year ended December 31, 2014: WATER UTILITY FUND #601 To amend revenue activities based on budget amendments made by Council action during 2014 and actual moneys received over (under) budget from $2,097,922 to $2,318,942 for a total net increase of $221,020: Interest Earnings $354,707 Water Sales (151,434) Miscellaneous-Internal Loan Repayment-Muni Center 17,747 Net Increase in Water Utility Fund Budgeted Revenues $221,020 To amend expenditure activities based on wage contract settlements, budget amendments made by Council action during 2014 and actual moneys spent over (under) budget from $1,367,295 to $1,279,496 for a total net decrease of $87,799: Personal Services $17,217 Supplies (50,098) Other Services and Charges (54,918) Transfers 0 t (0) Depreciaion Net Decrease in Water Utility Fund Budgeted Expenses $(87,799) SEWER UTILITY FUND #602 To amend revenue activities based on budget amendments made by Council action during 2014 and actual moneys received over (under) budget from $1,356,606 to $1,660,933 for a total net increase of $304,327: