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<br />.. i!11 <br /> <br />":; <br /> <br />RESOLUTION NO. 04-099 <br /> <br />City of New Brighton <br />County of Ramsey <br />State of Minnesota <br /> <br />RESOLUTION AMENDING THE 2004 BUDGETS <br /> <br />Whereas, the Public Works Department conducted a study of future water system <br />replacement costs; and <br /> <br />Whereas, the Public Works Department's study concluded that in order to <br />properly address the timely replacement and the estimated costs involved, <br />$295,000 would be needed to be reserved each year; and <br /> <br />Whereas, the 2004 Utility Rate Study and the approved water rates for 2004 <br />anticipated a transfer out of $295,000 from the Water Operating Fund to the <br />Water Improvement Capital Projects Fund for future replacements of the water <br />distribution system; and <br /> <br />i <br />I <br />I <br />I Whereas, the 2004 Water Fund Budget did not include the transfer out of <br />! $295,000; and <br />I <br />j <br />I Whereas, hiring of additional positions in the Information Technology Fund has <br />I been deferred since 2002; and <br /> <br />i Whereas, additional personnel were necessary to be used in the Information <br />I Technology Fund during year; and <br />! <br />I Whereas, appropriations for additional personnel were not included in the <br />! originally adopted budget. <br />I <br />I <br />1 Now, Therefore Be It Resolved that: <br />j <br /> <br />I The 2004 Budgets be amended as follows: <br />i <br /> <br />Water Fund <br /> <br />Increase: Transfers Out <br />Increase: Retained Earnings Contribution <br /> <br />$295,000 <br />$295,000 <br /> <br />Information Technology Fund <br />Increase: Personnel Services <br />Increase: Retained Earnings Contribution <br /> <br />$4,500 <br />$4,500 <br />