HomeMy WebLinkAbout09-002CITY OF LAKEVILLE
RESOLUTION NO. 09-2
RESOLUTION AMENDING THE 2008 EQUIPMENT FUND AND
DEBT SERVICE FUND BUDGETS
BE IT RESOLVED, that the City Council of the City of Lakeville does hereby approve
the amendment to the Equipment Fund and Debt Service Fund as shown on exhibits A and B
respectively attached hereto.
APPROVED by the City Council of the City of Lakeville, Minnesota, this 20th day of
January, 2009.
CI'I
By:
ATTEST:
Charlene Friedges,
Clerk
Exhibit A
200$ Equipment Fund Budget
Budget
Revenues
Donations
Expenditures
Police
Fire
Streets
Parks
Debt issuance costs
Total Expenditures
$ 2,050 $
Amended
Adiust Budget
- $ 2,050
376,565 376,565
202,147 202,147
483,666 483,666
133,222 133,222
27,735 - 27,735
1,223,335 - 1,223,335
Other financing sources (uses)
Transfer from General Fund 531,440 (305,479) 225,961
Disposal of assets 19,280 19,280
Issuance of debt 890,000 - 890,000
Total Other Financing Sources (Uses) 1,440,720 (305,479) 1,135,241
Net Increase/(Decrease). 219,435. (305,479) (86,044)
Fund Balance, January 1 390,806 - 390,806
Fund Balance, December 31 $ 610,241 $ (305,479) $ 304,762
Exhibit B
2008 Debt Service Fund Budget
Revenues
.General property taxes
Tax increment
Intergovernmental -State-aid
Charges for services
Special assessments
Investment income
Donations
Total Revenues
Approved Adiust Amended
$ 6,025,337 $ (305,479) $ 5,719,858
619,810 619,810
543,757. 543,757
366,880 366,880
497,194 497,194
167,528 167,528
95,000 - 95,000
8,315,506 (305,479) 8,010,027
Expenditures -debt service
Principal maturities
Interest on debt
Fiscal charges
Total Expenditures
Other financing sources (uses)
Transfer from other funds
Transfer to other funds
Payment on refunded bonds
Total Other Financing Sources (Uses)
Net Increase/(Decrease)
Fund Balance, January 1
Fund Balance, December 31
5,301,623 5,301,b23
4,355,574 4,355,574
6,677 - 6,677
9,663,874 - 9,663,874
2,843,320 305,479 3,148,799
(100,800) (100,800)
(2,220,000) - (2,220,000)
522,520 305,479 827,999
(825,848) - (825,848)
9,727,357 - 9,727,357
$ 8,901,509 $ - $ 8,901,509