91-096 - 12-10 Adopt 1992 Budget of the Utility fundResolution 91-96
December 10, 1991
• Member Thompson introduced the following resolution and moved its adoption:
RESOLUTION ADOPTING THE 1992 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
1992 shall be as follows:
UTILITY FUND
Program
Number Description Amount
750 Administration and Overhead $ 320,575
751 Sewer Maintenance 1,476,840
753 Water Maintenance 930,790
Total 1992 Budget $2,728,205
BE IT FURTHER RESOLVED by the City Council that the sources of financing
the sums appropriated shall be:
Description Amount
Water Charges
$ 900,000
• Sewer Charges
1,370,000
Meter Sales
5,000
Penalties
30,000
Interest Earnings
160,000
Other
30,000
Retained Earnings
233,205
Total 1992 Budget $2,728,205
ATTEST:
S4irley J6 N lso , City Clerk
The motion for the adoption of the foregoing resolution was seconded by Member
• Johnson and upon a vote being taken thereon, the following voted in favor
thereof: Bakken, Johnson, Russell, 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 his signature attested by the City Clerk.