87-097 - 10-06 Adopt 1988 Utility Fund BudgetResolution 87-97
October 6, 1987
Member Johnson introduced the following resolution and moved its adoption:
RESOLUTION OF THE CITY OF GOLDEN VALLEY, HENNEPIN COUNTY, MINNESOTA
ADOPTING THE 1988 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 1988 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 1988 be as follows:
UTILITY FUND
Program No. Description Amount
750 Administration and Overhead $ 422,715
751 Sewer Maintenance 138,101
752 Sewage Disposal 986,000
753 Water Maintenance 283,120
754 Water Supply 685,000
757 TV Sewer Maintenance 11,554
Total 1988 Budget $2,526,490
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
$1,051,000
Sewer Charges
1,130,000
Meter Sales
5,000
Penalties
32,000
Interest Earnings
210,000
Other
22,000
Retained Earnings
76,490
Total 1988 Budget $2,526,490
Resolution 87-97 - Continued
ATTEST:
c IQ I-
0 d Wa y, Deputy ity Clerk
October 6, 1987
Lary E. nderson-, Mayor
The motion for the adoption of the foregoing resolution was seconded by Member
Thompson 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 Mayor and her signature attested by the Deputy
City Clerk.