RES 15-71CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MIlVNESOTA
RESOLUTION NO: 2015-71
RESOLUTION ADOPTING THE
2016 ANNUAL OPERATING BUDGETS
WHEREAS, the Otsego City Council has on December 14, 2015, held a public meeting to allow for public
comment before adopting a final budget and certifying a final property tax levy; and
WHEREAS, the Otsego City Council has reviewed the proposed General, Water Utility and Sanitary Sewer
Utility fund budgets and has determined the budget is adequate to fund the respective fund operations for the
year 2016.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO,
NaNNESOTA:
That the following revenues and expenditures be authorized as the final budget for the operation of
the General fund for 2016 as follows:
Revenues
$1,565,929
Property Taxes
$3,544,352
Licenses and Permits
641,565
Intergovernmental
343,590
Charges for Services
57,000
Investment Interest
50,000
Cable Franchise Fees
107,000
Miscellaneous
136,755
Total Revenues
4 880 262
Expenditures
General Government
$1,565,929
Public Safety
1,506,412
Public Works
1,098,952
Parks and Recreation
567,079
Economic Development
14,300
Transfers to Other Funds
127,590
Total Expenditures
4 880 262
PA
3.
That the following revenues and expenses be authorized as the final budget for the operation of the
Water Utility fund for 2016 as follows:
Revenues
Water Charges $1,015,000
Other Operating 30,000
Non -Operating 173,480
Total Revenues 1218 480
Expenses
Operating
$460,596
Depreciation
510,000
Capital
456,950
Transfers to Other Funds
43,439
Total Expenditures
1 470 985
That the following revenues and expenses be authorized as the final budget for the operation of the
Sanitary Sewer Utility fund for 2016 as follows:
Revenues
Sanitary Sewer Charges $1,424,940
Other Operating 40,000
Total Revenues 1464 940
Expenses
Operating
$932,868
Depreciation
880,000
Capital
2,424,550
Transfers to Other Funds
140,316
Total Expenditures
$4,377,734
2
ADOPTED by the Otsego City Council this 14th day of December, 2015.
CITY OF OTSEGO
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ATTEST:
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Tami off, City Clerk
MOTION made by Council Member Heidner and SECONDED by Council Member
��.h�caeder
IN FAVOR: Stockamp, Schroeder, Warehime, Heidner
OPPOSED: None