06-87 - 12-19 - Adopt 2007 Budget of Water & Sewer Fund Resolution 06-87 December 19, 2006
Member Pentel introduced the following resolution and moved its adoption:
RESOLUTION ADOPTING THE 2007 BUDGET
OF THE WATER AND SEWER UTILITY FUND
BE IT RESOLVED by the City Council of the City of Golden Valley, Minnesota, that
the appropriations for the Water and Sewer Utility Fund Programs for the calendar year
2007 shall be as follows:
PROGRAM
NUMBER DESCRIPTION AMOUNT
7121 Administration and Overhead $3,096,900
7122 Sewer Maintenance 2,071,115
7123 Water Maintenance 3,074,165
TOTAL 2007 BUDGET $8,242,180
BE IT FURTHER RESOLVED by the City Council that the sources of financing the
sums appropriated shall be:
DESCRIPTION AMOUNT
Water Charges $3,627,000
Sewer Charges 3,025,000
Penalties 75,000
State Water Testing Fee Pass Through 43,000
Interest Earnings 154,665
Other 411,040
Retained Earnings 906,475
TOTAL 2007 BUDGET $8,242,180
l
Linda R. Loomis, Mayor
ATTEST:
VWW
Susan M. Virnig, City Clerk
Resolution 06-87 - Continued December 19, 2006
The motion for the adoption of the foregoing resolution was seconded by Member Shaffer
and upon a vote being taken thereon, the following voted in favor thereof: Freiberg,
Loomis, Pentel, Scanlon and Shaffer; 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 City Clerk.