RES 14-27CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2014-27
RESOLUTION AMENDING 2014 OPERATING BUDGETS
WHEREAS, on February 10, 2014 the Otsego City Council held a public meeting at which an
initial operating budget was adopted for the City's operating funds for the fiscal year ending
December 31, 2014; and
WHEREAS, the Council directed Staff at that meeting to prepare an amendment to that budget
combining the Building Safety Fund with the General Fund and restoring several reductions
made to balance the original budget; and
WHEREAS, dollars for Capital Improvement projects should be allotted in the Utility Funds
for predicting cash flows even though the funds are approved for expenditure as each projects is
approved.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
OTSEGO, WRIGHT COUNTY, MINNESOTA THAT: the following amended sums of
money be allotted for the operation of City business in the various funds of the City during the
2014 fiscal year as follows:
GENERAL FUND:
General Fund Revenues:
Property Taxes
$ 3,273,715
Licenses and Permits
557,300
Intergovernmental Revenue
316,611
Charges for Service
65,650
Interest Revenue
100,000
Cable Franchise Fee
105,000
Other Revenues
143,736
Revenues
$ 4,562.012
General Fund Expenditures:
General Government 1,392,969
Public Safety 1,309,250
Public Works 1,017.240
Culture & Recreation 482,602
Economic Development 13,790
Transfers 65,911
Expenditures $ 4.281,762
SPECIAL REVENUE FUNDS:
Storm Water In -District Fund Revenues $ 73,800
Storm Water In -District Fund Expenditures $ 63,000
Storm Water Out -of -District Fund Revenues $ 25,000
Storm Water Out -of -District Fund Expenditures $ 21,240
Street Light District Fund Revenues $ 26,700
Street Light District Fund Expenditures $ 13,880
Building Safety Fund Revenues $ -0-
Building Safety Fund Expenditures $ -0-
combined with the General Fund as a Department
DEBT SERVICE FUND
Debt Service Fund Revenues $ 2,705,019
Debt Service Fund Expenditures $ 2,705,019
ENTERPRISE FUNDS
Water Fund Revenues $ 1,188,875
Water Fund Expenditures $ 1,350,452
Sewer Fund Revenues $ 1,233,900
Sewer Fund Expenditures $ 2,452.349
ADOPTED by the Otsego City Council this 28th day of April, 2014.
MOTION made by Council Member Schroeder and SECONDED by Council Member
Heidner
IN FAVOR: Stockamp, Heidner, Schroeder, Warehime
OPPOSED: None
ATTEST:
Tami Loff, City Clerk
CITY OF OTSEGO