Resolution - #16-03-045 - 03/08/2016

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Councilmember Johns introduced the following resolution and moved for its adoption: RESOLUTION #16-03-045 RESOLUTION AMENDING THE 2015 CITY OF RAMSEY ENTERPRISE FUNDS BUDGETS WHEREAS, during the year 2015, 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, 2015; 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, 2015: WATER UTILITY FUND #601 To amend revenue activities based on budget amendments made by Council action during 2015 and actual moneys received over (under) budget from $1,971,890 to $2,242,802 for a total net increase of $270,912 (net of capital contributions): Interest Earnings $ 90,623 Water Sales 188,289 Miscellaneous -Internal Loan Repayment -Muni Center (8,000) Net Increase in Water Utility Fund Budgeted Revenues $270,912 To amend expenditure activities based on wage contract settlements, budget amendments made by Council action during 2015 and actual moneys spent over (under) budget from $1,357,154 to $1,350,304 for a total net decrease of $6,850 (net of capital contributions): Personal Services $39,557 Supplies (23,432) Other Services and Charges (22,975) Transfers 0 Depreciation (0) Net Decrease in Water Utility Fund Budgeted Expenses $ (6,850) SEWER UTILITY FUND #602 To amend revenue activities based on budget amendments made by Council action during 2015 and actual moneys received over (under) budget from $1,438,764 to $1,517,731 for a total net increase of $78,967: