HomeMy WebLinkAbout24-143 Resolution Adopting 2025 BudgetCITY OF LAKEVILLE
RESOLUTION NO. 25-143
RESOLUTION ADOPTING THE 2025 BUDGET
BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota that the
following 2025 budget, a copy of which is on file in the Finance Director's office, is hereby
approved and adopted.
Enterprise Debt/Capital
Fund/Department Revenues Expenditures Bond Proceeds Acquisitions
General Fund $ 44,006,517 $ 43,493,424
General Fund - Transfers 170,000 -
Total General Fund 44,176,517 43,493,424
Soecial Revenue Funds
Communications
531,853
842,222
Opioid Settlement
65,566
140,000
Debt Service Funds
18,604,788
18,649,738
Capital Projects Funds
31,956,025
75,389,620 25,241,925
Internal Service Funds
Municipal Reserves Fund 921,909 881,429
Compensated Leave Fund 233,502 275,000
Enterprise - Liquor Fund 23,343,382 23,943,791 160,000
Enterprise - Unity Fund 22,265,213 24,421,131 3,780,481
Grand Total $ 142,098,755 $ 188,036,355 $ 25,241,925 $ 3,940,481
ADOPTED by the Lakeville City Council this 2nd day of December 2024.
CITY OF LAKEVILLE:
Luke -M. Hellier, Mayor
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Ann Orlofsky, City Clerk