HomeMy WebLinkAbout99-325 CITY OF LAKEVILLE
RESOLUTION
Date December 20, 1999 Resolution 99-325
Motion By Sindt Seconded By Mulvihill
RESOLUTION ADOPTING THE 2000
LIQUOR FUND BUDGET
BE IT RESOLVED, by the City Council of the City of Lakeville, Minnesota, that the following
Liquor Fund Budget is hereby approved and adopted for the fiscal year ending December 31, 2000.
2000
Revenues
Sales $ 9,324,585
Cost of Sales 7,051,640
Gross profit 2,272,945
Expenses
Personnel 899,470
Commodities 35,238
Other Charges and Services 419,919
Total Expenses 1,354,627
Net operating income 918,318
Other receipts (disbursements)
Interest income 60,928
Interest expense (65,727)
Purchase discounts 1,130
Uncollectible checks 800
Bond principal payment (95,000)
Capital outlay (362,948)
Total receipts (disbursements) (460,817)
Net increase (decrease) before transfers 457,501
Transfers
To General Fund 64,345
To General Fund -DARE Program 36,505
To Building Fund 575,000
To Water Trunk Fund 82,572
Total transfers 758,422
Net increase (decrease) (300,921)
Working Capital, January 1 1,043,915
Working Capital, December 31 $ 742,994
(Continued)
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RESOLUTION ADOPTING THE 2000
LIQUOR FUND BUDGET
(Continued)
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 20th day of December, 1999.
CITY AKEVILLE
BY:
Duane Zaun, May
ST•
Charlene Friedges, City Cle
s