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Councilmember Strommen introduced the following resolution and moved for its adoption: <br /> RESOLUTION #06-01-015 <br /> <br />RESOLUTION AMENDING THE 2005 ECONOMIC DEVELOPMENT AUTHORITY <br />OPERATING BUDGET <br /> <br /> WHEREAS, during the year 2005, the Ramsey City Council acted on matters impacting <br />revenue and expenditures budget of the Economic Development Authority for items that were <br />not included in the original budget for the year ended December 31, 2005; and <br /> <br /> WHEREAS, for financial reporting purposes, amendments to the Economic <br />Development Authority budget is to be made in the form of a Budget Amendment Resolution; <br />and <br /> <br /> WHEREAS, the following budget amendments are required to confirm Council's actions <br />taken by motion and/or discussion and to reflect actual activity for the year ended December 31, <br />2005: <br /> <br /> To amend revenue activities based on budget amendments made by Council action during <br /> 2005 and actual moneys received over (under) budget from $175,347 to $175,347for a <br /> total net increase/decrease of $0: <br /> <br />Taxes $0 <br /> <br />Net increase/decrease Budgeted Revenues <br /> <br />To amend expenditure activities based on budget amendments made by Council action <br />during 2005 and actual moneys spent over (under) budget from $172,347 to $83,620for a <br />net decrease of $88,727: <br /> <br />Personal Service <br />Supplies <br />Other Services and Charges <br />Capital Outlay <br />Transfers to Other Funds <br />Net Decrease Budgeted Expenditures <br /> <br />$ (1,900) <br />(4,000) <br />(3,945) <br />(78,882) <br />0 <br />$(88.727~ <br /> <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 /> <br />1) That the City Council hereby directs the Finance Officer to enter these budget <br /> amendments into the City's financial records. <br /> <br /> <br />