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5) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, 2025 <br />is hereby adopted for the Storm Water Utility Fund as follows: <br /> <br /> STORM WATER UTILITY FUND <br /> Revenues: <br /> Operating Revenues $1,529,750 <br /> Other Revenues- <br /> Interest Earnings 3,000 <br /> Total Revenues $1,532,750 <br /> <br /> Expenses: <br /> Operating Expenses $ 623,337 <br /> Other Expenses <br /> Depreciation 549,096 <br /> Administrative Transfer 49,000 <br /> Total Expenses $ 1,221,433 <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Howell, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> Mayor Kuzma <br /> Councilmember Musgrove <br /> Councilmember Howell <br /> Councilmember Olson <br /> Councilmember Specht <br /> Councilmember Woestehoff <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 /> Councilmember Riley <br /> <br />Whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this <br />the 10th day of December, 2024. <br /> <br /> <br /> Mayor <br />ATTEST: <br /> <br /> <br />City Clerk <br />Resolution #24-356 <br />Page 3 of 3 <br />