RES 14-82CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2014-82
RESOLUTION ADOPTING 2015 OPERATING BUDGETS
WHEREAS, on December 8, 2014 the Otsego City Council held a public meeting at which
citizens were invited to comment on the proposed property tax levy and resulting operating
budgets for the 2015 fiscal year.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
OTSEGO, WRIGHT COUNTY, MINNESOTA THAT:
the following sums of money be allotted for the operation of City business in the various funds
of the City during the 2015 fiscal year as follows:
GENERAL FUND:
General Fund Revenues:
Property Taxes
$ 3,334,000
Licenses and Permits
592,000
Intergovernmental Revenue
323,122
Charges for Service
50,700
Interest Revenue
95,000
Cable Franchise Fee
105,000
Other Revenues
149,047
Revenues
$ 4,648,869
General Fund Expenditures:
General Government $ 1,443,074
Public Safety 1,416,360
Public Works 1,067,483
Culture & Recreation 509,650
Economic Development 14,100
Expenditures $ 4.450,667
DEBT SERVICE FUNDS
Debt Service Fund Revenues $ 2,395,609
Debt Service Fund Expenditures $ 2,395,609
ENTERPRISE FUNDS
Water Fund Revenues — Operating $ 1,309,100
Water Fund Revenues — Non -Operating $ 292,958
Revenues $ 1,602,058
Water Fund Expenditures — Operating
$ 387,324
Water Fund Expenditures — Depreciation
$ 502,200
Water Fund Expenditures — Transfers & Debt
$ 481,552
Expenditures
$ 1,371,076
Sewer Fund Revenues — Operating
$ 1,287,995
Sewer Fund Revenues — Non -Operating
$ 481,833
Revenues
$ 1,769,828
Sewer Fund Expenditures — Operating $ 695,893
Sewer Fund Expenditures —Depreciation $ 860,117
Sewer Fund Expenditures — Transfers & Debt $ 812,038
Expenditures $ 2,368,048
ADOPTED by the Otsego City Council this 8t` day of December, 2014.
ATTEST:
Tami Loff, City Clerk
MOTION made by Council Member Heidner
CITY OF OTSEGO
CWMhA'
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and SECONDED by Council Member
IN FAVOR: Stockamp, Heidner, Darkenwald, warehime
OPPOSED: None