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5) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, 2026 <br />is hereby adopted for the Storm Water Utility Fund as follows: <br /> <br /> STORM WATER UTILITY FUND <br /> Revenues: <br /> Operating Revenues $1,760,075 <br /> Other Revenues- <br /> Interest Earnings 35,000 <br /> Total Revenues $1,795,075 <br /> <br /> Expenses: <br /> Operating Expenses $ 758,887 <br /> Other Expenses <br /> Depreciation 648,852 <br /> Administrative Transfer 53,000 <br /> Total Expenses $ 1,460,739 <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Stewart, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />Mayor Heineman <br />Councilmember Peters <br />Councilmember Stewart <br /> Councilmember Buscher <br /> Councilmember Olson <br />Councilmember Riley <br /> Councilmember Specht <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 this <br />the 9th day of December, 2025. <br /> <br /> Mayor <br />ATTEST: <br /> <br /> <br />City Clerk <br />Resolution #25-291 <br />Page 3 of 3 <br />