Agenda - Council - 01/28/2003 - Laserfiche WebLink

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-252- Councilmember introduced the folloWing resolution and moved for its adoption': RESOLUTION #03-01-XXX RESOLUTION AMENDING THE 2002 ECONOMIC DEVELOPMENT AUTHORITY OPERATING BUDGET WHEREAS, during the year 2002, the Ramsey CitY Council acted on matters impacting revenue and expenditures budget of the Economic Development Authority for items that were not included in the original budget for the year ended December 31, 2002; and WHEREAS, for financial reporting purposes, amendments to the Economic Development Authority budget is to be made in the form of a Budget Amendment Resolution; and WHEREAS, the following budget amendments are required to confirm Council's actions taken by motion and/or discussion and to reflect aCtual activity for the year ended December 31, 2002: To amend revenue activities based on budget amendments made by Council action during 2002 and actual moneys received over (under) budget from $10,500 to $10,500 for a total net increase of $0: Net Increase Budgeted Revenues 0 To amend expenditure activities based on wage contract settlements, budget amendments made by Council acting during 2002 and actual moneys spent over (under) budget from $85,292 to $91,217 for a net increase of $5,925: Personal Service Supplies Other Services and Charges Capital Outlay Transfers to Other Funds Net Decrease Budgeted Revenues $ (3,921) 898 5,927 3,042 (21) $ 5,_9.25 NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, COUNTY OF ANOKA, STATE OF MINNESOTA, as follows: That the City Council hereby directs the finanCe Officer to enter these budget amendments into the City's financial records. That the motion for the adoption of the foregoing resolution was duly seconded by, and upon vote being taken thereon, the following voted in favor: I I I I I I I i I I I I I' I I I I I