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<br />5) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, <br />2007 is hereby adopted for the Storm Water Utility Fund as follows: <br /> <br />STORM WATER UTILITY FUND <br />Revenues: <br />Operating Revenues <br />Other Revenues- <br />Interest Earnings <br /> <br />$507,743 <br /> <br />15,000 <br /> <br />Total Revenues <br /> <br />$522.743 <br /> <br />Expenses: <br />Operating Expenses <br />Other Expenses <br />Depreciation <br />Administrative Transfer <br />Total Expenses <br /> <br />$307,037 <br /> <br />193,028 <br />13,000 <br />$513.065 <br /> <br />That the motion for the adoption of the foregoing resolution was duly seconded by <br />Councilmember Olson, and upon vote being taken thereon, the following voted in favor: <br /> <br />Mayor Gamec <br />Councilmember Strommen <br />Councilmember Olson <br />Councilmember Dehen <br />Councilmember Elvig <br />Councilmember Jeffrey <br />Councilmember Look <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 9th of January, 2007. <br /> <br />Resolution #07-01-006 <br /> <br />Page 3 of 4 <br />