HomeMy WebLinkAbout08-176 CITY OF LAKEVILLE
RESOLUTION NO. os-1~6
RESOLUTION AMENDING THE 2008
CABLE TV FUND BUDGET
NOW THEREFORE, BE IT RESOLVED that the Cable TV Fund Budget is
hereby approved and amended for the fiscal year ending December 31, 2008.
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ADOPTED AMENDED
BUDGET ADJUST BUDGET NOTES
Revenues
Intergovernmental revenue -state-aid (PERA) $ 516 $ - $ 516
Licenses -franchise fee 476,030 476,030
Investment income 20,500 - 20,500
Total Revenues 497,046 - 497,046
Expenditures
Personnel Services 218,408 218,408
Commodities 11,532 11,532
Other Charges and Services 161,604 59,000 220,604 (1)
Capital Outlay 45,648 - 45,648
Total Expenditures 437,192 59,000 496,192
Transfers
Transfer to General Fund 114,576 22,583 137,159 (Z)
Transfer to Benefit Accrual Fund 1,508 - 1,508
Total Transfers 116,084 22,583 138,667
Net Increase/(Decrease) (56,230) (81,583) (137,813)
Fund Balance, January 1 433,931 54,060 487,991 (3)
Fund Balance, December 31 $377,701 2~ $350,178
BE IT FURTHER RESOLVED that the notes pertaining to the adjustments as
shown above are shown on Exhibit A attached hereto.
APPROVED AND AMENDED by the Lakeville City Council this 15th day of
December, 2008.
ITY OF EVILL
of a I, Mayor
A ~EST•
Charlene Friedges, ty Clerk
Exhibit A
CITY OF LAKEVILLE
2008 CABLE TV SPECIAL REVENUE FUND
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ADJUSTMENT
(1) Increase other charges and services for the remaining amount due on the
fiber optics installation of City owned buildings.
Other charges and services 59,000
Decrease Fund Balance, December 31, 2008 59,000
(2) Increase transfer to General Fund representing the Cable TV Fund's actual share
of City Hall overhead, human resources and information systems support, and
public communications.
Transfer to General Fund 22,583
Decrease Fund Balance, December 31, 2008 22,583
(3) Adjust the budgeted January 1, 2008 Fund Balance to reflect the actual December 31,
2007 Fund Balance carryforward.
Actual Fund Balance, January 1, 2008 487,991
Budgeted Fund Balance, January 1, 2008 433,931
Increase Fund Balance, December 31, 2008 54,060
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