86-067 - 10-07 Adopting the 1987 Utility Fund Budget Resolution 86-67 October 7, 1986
P1ember Johnson introduced the following resolution and moved its adoption:
RESOLUTION OF THE CITY OF GOLDEN VALLEY, HENNEPIN COUNTY, MINNESOTA
ADOPTIN� THE 1987 UTILITY FU��D BUDGET
WHEREAS, pursuant to the provisions of Minnesota Statutes 412.701 and
412.711, the City P�anager has prepared the estimates for the annual budget of
the Utility Fund for the year 1987 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 1987 be as follows:
UTILITY FUND
Program No. Description Amount
750 Administration and Overhead $ 406,757
751 Sewer Maintenance 134,739
752 Sewage Disposal 946,000
753 Water t�aintenance 290,233
754 tJater Supply 685,000
757 TV Sewer P1aintenance 22,960
Total 1987 Budget $2,485,689
-�--
BE IT FURTHER RESOLVED by the City Council of the City of Golden Valley,
Hennepin County, ��innesota, that the sources of financing the sums appropriated
shall be:
Description Amount
Water Charges $1,025,000
Sewer Charges 1,130,000
t�1eter Sal es 5,000
Penalties 32,000
Interest Earnings 210,000
Other 22,000
Retained Earnings 61,689
Total 1987 Budget $2,485,689
Resolution 86-67 - Continued October 7, 1986
_ � f ,,
ary . derson, Mayor
ATTEST:
{ � � ��;
y al;: y, Deputy; ity C erk
� 4 �
� e motion for the adoption of the foregoing resolution was seconded by Member
Bakken and upon a vote being taken thereon, the following voted in favor
thereof: Anderson, Bakken, Johnson, Stockman and Thompson; and the following
voted against the same: none, whereupon said resolution was declared duly
passed and adopted, signed by the P1ayor and her signature attested by the Deputy
City Clerk.