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5) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, <br />2018 is hereby adopted for the Storm Water Utility Fund as follows: <br />STORM WATER UTILITY FUND <br />Revenues: <br />Operating Revenues <br />Other Revenues - <br />Interest Earnings <br />Total Revenues <br />$1,029,211 <br />10,000 <br />$1,039,211 <br />Expenses: <br />Operating Expenses $ 341,346 <br />Other Expenses <br />Depreciation 325,000 <br />Administrative Transfer 30,000 <br />Total Expenses $ 696,346 <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 9th day of January, 2018. <br />Mayor <br />ATTEST: <br />City Clerk <br />Resolution #18-014 <br />Page 3 of 3 <br />