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5) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, <br /> 2017 is hereby adopted for the Storm Water Utility Fund as follows: <br /> STORM WATER UTILITY FUND <br /> Revenues: <br /> Operating Revenues $954,402 <br /> Other Revenues- <br /> Interest Earnings 10,000 <br /> Total Revenues 964 402 <br /> Expenses: <br /> Operating Expenses $303,0149 <br /> Other Expenses <br /> Depreciation 270,000 <br /> Administrative Transfer 29,000 <br /> Total Expenses 602 014 <br /> The motion for the adoption of the foregoing resolution was duly seconded by Councilmember, <br /> and upon vote being taken thereon, the following voted in favor thereof- <br /> and the following voted against the same: <br /> and the following abstained: <br /> and the following were absent: <br /> Whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this <br /> the 10th day of January, 2017. <br /> Mayor <br /> ATTEST: <br /> City Clerk <br /> Resolution #17-01-010 <br /> Page 3 of 3 <br />