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Councilmember introduced the following resolution and moved for its adoption: <br />RESOLUTION #16-03-044 <br />RESOLUTION AMENDING THE 2015 ECONOMIC DEVELOPMENT AUTHORITY <br />OPERATING BUDGET <br />WHEREAS, during the year 2015, 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, 2015; 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 />2015: <br />To amend revenue activities based on budget amendments made by Council action during <br />2015 and actual moneys received over (under) budget from $207,301 to $231,205 or a <br />total net increase of $23,904. <br />Taxes $ 1,626 <br />Intergovernmental Revenues 0 <br />Miscellaneous Revenues 14,000 <br />Interest Earnings $8,278 <br />Net increase Budgeted Revenues $23,904 <br />To amend expenditure activities based on budget amendments made by Council action <br />during 2015 and actual moneys spent over (under) budget from $204,301 to $219,073 or <br />a net increase of $14,772: <br />Personal Service $ (8,607) <br />Supplies 4,379 <br />Other Services and Charges 19,000 <br />Net Increase Budgeted Expenditures $14,772 <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 />