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Councilmember introduced the following resolution and moved for its adoption: RESOLUTION #06-01-XXX RESOLUTION ADOPTING THE 2006 CITY OF RAMSEY ENTERPRISE FUNDS OPERATING BUDGETS NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, COUNTY OF ANOKA, STATE OF MINNESOTA, as follows: 1) That the annual budget of the City of Ramsey for the fiscal year beginning January I, 2006 is hereby adopted for the Water Utility Fund as follows: WATER UTILITY FUND Revenues: Operating Revenues Other Revenues- Interest Eamings Total Revenues $1,048,260 120,000 Expenses: Operating Expenses $548,935 Other Expenses Depreciation 459,660 Administrative Transfer 20,000 Total Expenses ~ 2) That the annual budget of the City of Ramsey for the fiscal year beginning January I, 2006 is hereby adopted for the Sewer Utility Fund as follows: SEWER UTILITY FUND Revenues: Operating Revenues Other Revenues- Interest Eamings Total Revenues $1,022,400 70,000 Expenses: Operating Expenses Other Expenses Depreciation Administrative Transfer Total Expenses $536,093 436,425 15,000 $987.518