89-070 - 12-05 Adopt 1990 Budget of the Utility FundResolution 89-70
December 5, 1989
Member Thompson introduced the following resolution and moved its adoption:
RESOLUTION ADOPTING THE 1990 BUDGET OF THE UTILITY FUND
BE IT RESOLVED by the City Council of the City of Golden Valley, Minnesota,
that the appropriations for the Utility Fund Programs for the calendar year
1990 shall be as follows:
UTILITY FUND
Program
Number Description Amount
750
Administration and Overhead
$ 437,975
751
Sewer Maintenance
166,150
752
Sewage Disposal
1,150,000
753
Water Maintenance
297,505
754
Water Supply
690,000
Total 1990 Budget $2,741,630
BE IT FURTHER RESOLVED by the City Council that the sources of financing
the sums appropriated shall be:
Description Amount
Water Charges
$1,180,000
Sewer Charges
1,170,000
Meter Sales
5,000
Penalties
40,000
Interest Earnings
250,000
Other
30,000
Retained Earnings
66,630
Total 1990 Budget $2,741,630
ATTEST:
J
Mary erson, Mayor
foregoing resolution was seconded by Member
Stockman 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.