HomeMy WebLinkAbout99-074 CITY OF LAKEVILLE
• RESOLUTION
Date April 5, 1999 Resolution 99-74
Motion By Mulvihill Seconded By T.tt; ck
RESOLUTION AMENDING THE 1999
WATER UTILITY FUND BUDGET
BE IT RESOLVED, by the City Council of the City of Lakeville, Minnesota, that the following
Water Utility Fund Budget is .hereby approved and amended for the fiscal year ending
December 31, 1999.
1999 1899
ADOPTED AMENDED
BUDGET ADJUST BUDGET NOTES
Revenues
Water sales $ 1,267,342 $ 1,267,342
Penalties 64,182 64,182
Meter sales, net 12,105. 12,105
Gain on sale of assets 1,750 1,750
Interest income 164,310 - 164,310
Total revenues 1,509,689 - 1,509,689
•
Expenses
Personnel 424,864 424,864
Commodities 165,665- 165,665
Other charges and services 605,836 (9,108) 596,728 (1) (2)
Total expenses 1,196,365 (9,108) 1,187,257
Net income 313,324 9,108 322,432
Other receipts (disbursements)
Transfer from Surface Water Management Fund 2,926 2,926
Transfer to General Fund (59,932) (59,932)
Miscellaneous revenue 1,710 1,710
Capital outlay (32,773) - (32,773)
Total (disbursements) (88,069) - (88,069)
Net increase 225,255 9,108 234,363
Working Capital, January 1 2,700,550 - 2,700,550
Working Capital, December 31 $ 2,925,805 $ 9,108 $ 2,934,913
.c R
RESOLUTION AMENDING THE 1999
WATER UTILITY FUND BUDGET
(continued)
APPROVED AND AMENDED by the City Council of the City of Lakeville, Minnesota,
this 5th day of April, 1999.
CITY O KEVILLE
Du ne Zaun, M
E T:
Charlene Friedges, City Cler
y ~
CITY OF LAKEVILLE
1999 WATER UTILITY FUND BUDGET AMENDMENT NOTES
ADJUSTMENT
(1) Adjust appropriations in accordance with Frontire Communication Contract
(Centrex) telephone services.
Telephone costs 771
Reduce Working Capital, December 31, 1999 (771)
(2) Reduce appropriations for LMCIT liability, property and casualty insurance
premiums.
Insurance costs (9,879)
Increase Working Capital, December 31, 1999 9,879