HomeMy WebLinkAbout99-326 CITY OF LAKEVILLE
RESOLUTION
Date December. 20, 1999 Resolution 99-326
Motion By Sindt Seconded By Mulvihill
RESOLUTION ADOPTING THE 2000
WATER OPERATING FUND BUDGET
BE IT RESOLVED, by the City Council of the City of Lakeville, Minnesota, that the following
Water Operating Fund Budget is hereby approved and adopted for the fiscal year ending
December 31, 2000.
2000
Revenues
Water sales $ 1,299,825
Penalties 64,147
Meter sales, net 15,929
Interest income 173,518
Total revenues 1,553,419
Expenses
• Personnel 472,684
Commodities 153,271
Other charges and services 551,366
Total expenses 1,177,321
Net operating income 376,098
Capital outlay (656,605)
Nef increase (decrease) before transfers (280,507)
Transfers
Transfers from Surface Water Management Fund 2,926
Transfers from Building Fund 7,453
Transfers to General Fund (60,308)
Total transfers (49,929)
Net increase (decrease) (330,436)
Working Capital, January 1 3,132,503
. Working Capital, December 31 $ 2,802,067
(continued)
RESOLUTION ADOPTING THE 2000
WATER OPERATING FUND BUDGET
(continued)
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 20th day of December, 1999.
CITY O AKEVILLE
BY:
Duane Zaun, May r
i
T /E~ T:
V!
Charlene Friedges, City CI r c
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