ITEM 3.6 Amending 2015 Utility Fund BudgetsOt�CITY OF O
MINNESOTAC
DEPARTMENT INFORMATION
Request for
City Council Action
ORIGINATING DEPARTMENT: REQUESTOR: MEETING DATE:
Administration Dan Jordet, ASD January 26, 2015
PRESENTER(s): REVIEWED BY: ITEM #:
Dan Jordet, ASD Lori Johnson, CA 3.6 Adopting Resolution
Amending 2015 Utility Fund
M.
AGENDA ITEM DETAILS
RECOMMENDATION:
It is recommended that the City Council adopt a resolution amending the 2015 fiscal year budgets for
water, sewer and stormwater utilities to include projects from Equipment Replacement and Capital
Improvement Plan
ARE YOU SEEKING APPROVAL OF A CONTRACT?
IS A PUBLIC HEARING REQUIRED?
No
No
BACKGROUND/JUSTIFICATION:
With adoption of a Capital Improvement Plan for 2015 through 2019 including utility projects, it is
recommended that the 2015 budgets for the affected utilities be amended to include those costs.
Those include:
Stormwater Maintenance And Repairs $ 50,000 In -District Fund 222
$ 25,000 Out -of -District Fund 220
West District Well Capacity Improvement $ 650,000 Water Fund 601
Study and Engineering for West WWTF $ 200,000 Sewer Fund 602
V -Plow replacement .. $ 6,000 Sewer Fund 602
SUPPORTING DOCUMENTS: X ATTACHED ❑ NONE
Resolution 2015-06
POSSIBLE MOTION
MM
Please word motion as you would like it to appear in the minutes.
Move adoption of Resolution 2015-06 amending the 2015 Utility Fund Budgets to include capital
expenditures.
BUDGET INFORMATION
ACTION TAKEN
❑ APPROVED AS REQUESTED ❑ DENIED ❑ TABLED ❑ OTHER (List changes)
COMMENTS:
CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2015-06
RESOLUTION AMENDING 2015 UTILTIY FUND BUDGETS
WHEREAS, adoption of the Capital Improvement Plan requires funding to be provided by
Utility Funds; and
WHEREAS, amounts required by said Plan have been established and must now be included in
the budgets for the 2015 Utility Funds.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
OTSEGO, WRIGHT COUNTY, MINNESOTA THAT:
The Utility Fund budgets for the 2015 fiscal year be modified to read as follows:
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 — Capital $ 650,000
Water Fund Expenditures — Transfers & Debt $ 481,552
Expenditures $2,021,07
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 — Capital $ 200,000
Sewer Fund Expenditures — Transfers & Debt $ 812,038
Expenditures $2,568,048
Stormwater Fund Revenues — In District $ 50,000
Stormwater Fund Expenditures — In District $ 50,00
Stormwater Fund Revenues — Out of District $ 25,00
Stormwater Fund Expenditures — Out of District $ 25,000
ADOPTED by the Otsego City Council this 26th day of January, 2015.
MOTION made by Council Member
IN FAVOR:
OPPOSED:
and SECONDED by Council Member
ATTEST:
CITY OF OTSEGO
Vern Heidner, Acting Mayor
Tami Loff, City CLerk