HomeMy WebLinkAbout08-187 CITY OF LAKEVILLE
RESOLUTION NO. os-is~
RESOL UTION ADOPTING THE 2008
DEBT SERVICE FUNDS BUDGET
NOW THEREFORE, BE IT RESOLVED that the Debt Service Funds Budget
is hereby approved and adopted for the fiscal year ending December 31, 2008.
Zoos
Revenues
General property taxes $ 6,025,337
Tax increment 619,810
Intergovernmental -State-aid 543,757
Charges for services 366,880
Special assessments 497,194
Investment income 167,528
Donations 95,000
Total Revenues 8,315,506
Expenditures -debt service
Principal maturities 5,301,623
Interest on debt 4,355,574
Fiscal charges 6,677
Total Expenditures 9,663,874
Other financing sources (uses)
Transfer from other funds 2,843,320
Transfer to other funds (100,800)
Payment on refunded bonds (2,220,000)
Total Other Financing Sources (Uses) 522,520
Net Increase/(Decrease) (825,848)
Fund Balance, January 1 9,727,357
Fund Balance, December 31 $ 8,901,509
APPROVED AND ADOPTED by the Lakeville City Council this 15th day of
December, 2008.
C ` OF LAK LE
,
Holly Dahl, r
E T; f
Charlene Friedg~s City Clerk