HomeMy WebLinkAbout99-221 CITY OF LAKEVILLE
RESOLUTION
Date September 14,1999 Resolution 99-221
Motion By Mulvihill Seconded By Luick
RESOLUTION ADOPTING THE PRELIMINARY 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 463,227
Commodities 153,271
Other charges and services 550,881
Total expenses 1,167,379
Net operating income 386,040
Capital outlay (656,605)
Net increase (decrease) before transfers (270,565)
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) (320,494)
Working Capital, January 1 3,132,503
Working Capital, December 31 $ 2,812,009
(continued)
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RESOLUTION ADOPTING THE PRELIMINARY 2000
WATER OPERATING FUND BUDGET
(continued)
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 14th day of September, 1999.
CITY O KEVILLE
BY:
Duane Zaun, May
TES ,
Charlene Friedges, City rk
•