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Councilmemb~r Hardin introduced the following resolution and moved for its adoption: <br /> RESOLUTION #94-12-263 <br /> <br />RESOLUTION ADOPTING THE <br />AUTHORITY OPERATING BUDGET <br /> <br />1995 ECONOMIC <br /> <br />DEVELOPMENT <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF RAMSES, COUNTY OF ANOKA, STATE OF MINNESOTA, as follows: <br /> <br />1) <br /> <br />That the annual budget of the City of Ramsey Economic Development Authority for the <br />fiscal ~ear beginning January 1, 1995 is hereby adopted as follows: <br /> <br />Revenues: <br /> Interest Earned on Investments <br /> Other Financing Sources - <br /> Transfer From Tax Increment Fund <br /> <br />7,500 <br />93,312 <br /> <br />Total Revenues $ ,, 100,312 <br /> <br />Expenditures: <br /> Personal Services $ 39,623 <br /> Supplies 2,100 <br /> Service and Charges 119,310 <br /> Capital Outlay 20,000 <br /> Other Financing Uses - <br /> Transfer to Equipment Replacement Fund 1,500 <br /> <br />Total Expenditures <br /> <br />$ 182,533 <br /> <br />Expenditures in Excess of Revenues <br /> <br />$(82,221) <br /> <br />Use of Fund Balance <br /> <br />82,221 <br /> <br /> Excess of Revenues and Other Sources Over <br /> Expenditures and Other Uses $ 0 <br /> <br />That the motion for the adoption of the foregoing resolution wad duly seconded by Councilmember <br />Zimmerman,!and upon vote being taken thereon, the following voted in favor of: <br /> <br />Mayor Oilberson <br />Councilmember Peterson <br />Council.member Beyer <br />Councilmember Hardin <br />Councilmember Zimmerman <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br /> <br />