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85-085 - 10-01 Adopt 1986 Utility Fund BudgetResolution 85-85 October 1, 1985 Member Stockman introduced the following resolution and moved its adoption: RESOLUTION OF THE CITY OF GOLDEN VALLEY, HENNEPIN COUNTY, MINNESOTA ADOPTING THE 1986 UTILITY FUND BUDGET WHEREAS, pursuant to the provisions of Minnesota Statutes 412.701 and 412.711, the City Manager has prepared the estimates for the annual budget of the Utility Fund for the year 1986 and has presented such estimates to the Council for their consideration; and WHEREAS, the City Council has reviewed such estimates and made certain revisions thereto; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Golden Valley, Hennepin County, Minnesota, that the appropriations for the Utility Fund Programs for the calendar year 1986 be as follows: Program No. UTILITY FUND Description Amniint 750 Administration and Overhead $ 411,488 751 Sewer Maintenance 135,568 752 Sewage Disposal 844,000 753 Water Maintenance 292,300 754 Water Supply 660,000 757 TV Sewer Maintenance 25,160 Total 1986 Budget $2,368,516 BE IT FURTHER RESOLVED by the City Council of the City of Golden Valley, Hennepin County, Minnesota, that the sources of financing the sums appropriated shall be: Description Amount Water Charges $1,020,000 Sewer Charges 1,125,000 Meter Sales 5,000 Penalties 25,000 Interest Earnings 200,000 Other 20,000 Total 1986 Budget $2,395,000 Resolution 85-85 - Continued ATTEST: October 1, 1985 May E. Person,Mayor foregoing resolution was Thompson and upon a vote being taken thereon, the following thereof: Anderson, Bakken, Stockman and Thompson; and the absent: Johnson; and the following voted against the same: said resolution was declared duly passed and adopted, Signe her signature attested by the Deputy City Clerk. seconded by Member voted in favor following was none, whereupon d by the Mayor and Resolution 85-85 October 1, 1985 Member Stockman introduced the following resolution and moved its adoption: RESOLUTION OF THE CITY OF GOLDEN VALLEY, HENNEPIN COUNTY, MINNESOTA ADOPTING THE 1986 UTILITY FUND BUDGET WHEREAS, pursuant to the provisions of Minnesota Statutes 412.701 and 412.711, the City Manager has prepared the estimates for the annual budget of the Utility Fund for the year 1986 and has presented such estimates to the Council for their consideration; and WHEREAS, the City Council has reviewed such estimates and made certain revisions thereto; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Golden Valley, Hennepin County, Minnesota, that the appropriations for the Utility Fund Programs for the calendar year 1986 be as follows: Program No. UTILITY FUND Description Ammint 750 Administration and Overhead $ 411,488 751 Sewer Maintenance 135,568 752 Sewage Disposal 844,000 753 Water Maintenance 292,300 754 Water Supply 660,000 757 TV Sewer Maintenance 25,160 Total 1986 Budget $2,368,516 BE IT FURTHER RESOLVED by the City Council of the City of Golden Valley, Hennepin County, Minnesota, that the sources of financing the sums appropriated shall be: Description Amount Water Charges $1,020,000 Sewer Charges 1,125,000 Meter Sales 5,000 Penalties 25,000 Interest Earnings 200,000 Other 20,000 Total 1986 Budget $2,395,000