RES 15-06CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2015-06
RESOLUTION AMENDING 2015 UTILITY 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
$
200,00
Sewer Fund Expenditures —
Transfers & Debt
$
812,038
Expenditures
$2,568,04
Stormwater Fund Revenues — In District $ 50,000
Stormwater Fund Expenditures — In District $ 50,00
Stormwater Fund Revenues — Out o f District $ 25,000
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 Schroeder and SECONDED by Council Member
Darkenwald
IN FAVOR: Heidner, Darkenwald, Warehime, Schroeder
OPPOSED: None
CITY OF OTSEGO
4"L&-,-
Vem
Heidner, Acting Mayor
ATTEST:
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Tami Loff, City Clerk