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5) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, <br /> 2006 is hereby adopted for the Storm Water Utility Fund as follows: <br /> <br />STORM WATER UTILITY FUND <br /> <br />Revenues: <br /> Operating Revenues <br /> Other Revenues- <br /> Interest Earnings <br /> <br />$463,142 <br /> <br /> 9,000 <br /> <br />Total Revenues <br /> <br />$472.142 <br /> <br />Expenses: <br /> Operating Expenses $166,805 <br /> Other Expenses <br /> Depreciation 185,604 <br /> Administrative Transfer 11,000 <br /> Total Expenses $363.409 <br /> <br />That the motion for the adoption of the foregoing resolution was duly seconded by <br />Councilmember Jeffrey, and upon vote being taken thereon, the following voted in favor: <br /> <br /> Mayor Gamec <br /> Councilmember Strommen <br /> Councilmember Jeffrey <br /> Councilmember Cook <br /> Councilmember Elvig <br /> Councilmember Olson <br /> Councilmember Pearson <br /> <br />and the following voted against the same: <br /> <br /> None <br /> <br />and the following abstained: <br /> <br /> None <br /> <br />and the following were absent: <br /> <br /> None <br /> <br />whereupon said resolution was declared duly passed and adopted by the Ramsey City Council <br />this 10th of January, 2006. <br /> <br /> Resolution #06-01-017 <br /> Page 3 of 4 <br /> <br /> <br />