92-090 - 12-09 Adopt 1993 Budget Water & Sewer Utility FundResolution 92-90
December 9, 1992
Member Johnson introduced the following resolution and moved its adoption:
RESOLUTION ADOPTING THE 1993 BUDGET OF THE WATER & SEWER UTILITY FUND
BE IT RESOLVED by the City Council of the City of Golden Valley, Minnesota,
that the appropriations for the Water & Sewer Utility Fund Programs for the
calendar year 1993 shall be as follows:
WATER & SEWER UTILITY FUND
Program
Number Description Amount
0750 Administration and Overhead $ 315,275
0751 Sewer Maintenance 1,597,875
0753 Water Maintenance 1,100,700
Total 1993 Budget $3,013,850
BE IT FURTHER RESOLVED by the City Council that the sources of financing
the sums appropriated shall be:
Description Amount
Water Charges
$1,075,000
Sewer Charges
1,300,000
Meter Sales
5,000
Penalties
30,000
Interest Earnings
75,000
Other
30,000
Retained Earnings
498,850
Total 1993 Budget $3,013,850
ATTEST:
Shirley J is n, City Clerk
The motion for the adoption of the foregoing resolution was seconded by Member
Stockman; 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.