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5) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, 2022 <br /> is hereby adopted for the Storm Water Utility Fund as follows: <br /> STORM WATER UTILITY FUND <br /> Revenues: <br /> Operating Revenues $1,260,998 <br /> Other Revenues- <br /> Interest Earnings 10,000 <br /> Total Revenues 1270.998 <br /> Expenses: <br /> Operating Expenses $ 495,219 <br /> Other Expenses <br /> Depreciation 345,435 <br /> Administrative Transfer 38,000 <br /> Total Expenses 878 654 <br /> The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br /> Woestehoff and upon vote being taken thereon, the following voted in favor thereof: <br /> Mayor Kuzma <br /> Councilmember Musgrove <br /> Councilmember Woestehoff <br /> Councilmember Heineman <br /> Councilmember Howell <br /> Councilmember Riley <br /> Councilmember Specht <br /> and the following voted against the same: <br /> None <br /> and the following abstained: <br /> None <br /> and the following were absent: <br /> None <br /> Whereupon said resolution was declared duly passed and adopted by the R se City Council this <br /> the 25th day of January, 2022. 2n <br /> Mayor <br /> E T• <br /> ity C erk <br /> Resolution #22-016 <br /> Page 3 of 3 <br />