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5) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, 2016 <br />is hereby adopted for the Storm Water Utility Fund as follows: <br />STORM WATER UTILITY FUND <br />Revenues: <br />Operating Revenues $837,141 <br />Other Revenues - <br />Interest Earnings 25,000 <br />Total Revenues $862,141 <br />Expenses: <br />Operating Expenses $280,859 <br />Other Expenses <br />Depreciation 270,000 <br />Administrative Transfer 28,000 <br />Total Expenses $578,859 <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Williams, and upon vote being taken thereon, the following voted in favor thereof: <br />Councilmember Johns <br />Councilmember Williams <br />Councilmember Kuzma <br />Councilmember Riley <br />Councilmember Shryock <br />and the following voted against the same: <br />None <br />and the following abstained: <br />None <br />and the following were absent: <br />Mayor Strommen <br />Councilmember LeTourneau <br />Resolution #16-03-044 <br />Page 3 of 4 <br />