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Councilmember introduced the following resolution and moved for its adoption: <br />RESOLUTION #20-014 <br />RESOLUTION ADOPTING THE 2020 CITY OF RAMSEY ENTERPRISE FUNDS <br />OPERATING BUDGETS <br />NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, COUNTY OF ANOKA, STATE OF MINNESOTA, as follows: <br />1) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, 2020 <br />is hereby adopted for the Water Utility Fund as follows: <br />WATER UTILITY FUND <br />Revenues: <br />Operating Revenues $2,045,913 <br />Other Revenues - <br />Miscellaneous Revenues 62,000 <br />Interest Earnings 175,000 <br />Total Revenues $2,282,913 <br />Expenses: <br />Operating Expenses $1,088,277 <br />Other Expenses <br />Depreciation 798,000 <br />Administrative Transfer 45,000 <br />Total Expenses $1,931,277 <br />2) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, 2020 <br />is hereby adopted for the Sewer Utility Fund as follows: <br />SEWER UTILITY FUND <br />Revenues: <br />Operating Revenues $1,691,218 <br />Other Revenues - <br />Miscellaneous Revenues 5,000 <br />Interest Earnings 125,000 <br />Total Revenues $1,821,218 <br />Expenses: <br />Operating Expenses $1,251,894 <br />Other Expenses <br />Depreciation 535,500 <br />Administrative Transfer 39,000 <br />Total Expenses $1,826,394 <br />