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Councilmember Shryock introduced the following resolution and moved for its adoption: <br />RESOLUTION #19-021 <br />RESOLUTION ADOPTING THE 2019 CITY OF RAMSEY ENTERPRISE FUNDS <br />OPERATING BUDGETS <br />NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, COUNTY OF ANOKA, STATE OF MINNESOTA, as follows: <br />1) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, 2019 <br />is hereby adopted for the Water Utility Fund as follows: <br />WATER UTILITY FUND <br />Revenues: <br />Operating Revenues $1,873,876 <br />Other Revenues - <br />Miscellaneous Revenues 62,000 <br />Interest Earnings 130,000 <br />Total Revenues 2.065.876 <br />Expenses <br />Operating Expenses $1,044,471 <br />Other Expenses <br />Depreciation 760,000 <br />Administrative Transfer 43,000 <br />Total Expenses 1.847.471 <br />2) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, 2019 <br />is hereby adopted for the Sewer Utility Fund as follows: <br />SEWER UTILITY FUND <br />Revenues: <br />Operating Revenues $1,615,352 <br />Other Revenues - <br />Miscellaneous Revenues 5,000 <br />Interest Earnings 85,000 <br />Total Revenues 1.705.352 <br />Expenses <br />Operating Expenses $1,163,263 <br />Other Expenses <br />Depreciation 525,300 <br />Administrative Transfer 37,000 <br />Total Expenses 1.725.563 <br />