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Councilmember Strommen introduced the following resolution and moved for its adoption: RESOLUTION #07-01-006 RESOLUTION ADOPTING THE 2007 CITY OF RAMSEY ENTERPRISE FUNDS OPERATING BUDGETS NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, COUNTY OF ANOKA, STATE OF MINNESOTA, as follows: 1) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, 2007 is hereby adopted for the Water Utility Fund as follows: WATER UTILITY FUND Revenues: Operating Revenues Other Revenues- Interest Earnings Total Revenues $1,099,220 200,000 $1.299220 Expenses: Operating Expenses Other Expenses Depreciation Administrative Transfer Total Expenses $643,520 504,029 22,000 $1.169,549 2) That the annual budget of the City of Ramsey for the fiscal year beginning January 1, 2007 is hereby adopted for the Sewer Utility Fund as follows: SEWER UTILITY FUND Revenues: Operating Revenues Other Revenues- Interest Earnings Total Revenues $1,103,301 70,000 $1.173.301 Expenses: Operating Expenses Other Expenses Depreciation Administrative Transfer Total Expenses $527,085 436,425 17,000 $980,510