HomeMy WebLinkAbout99-220
G Y
CITY OF LAKEVILLE
RESOLUTION
Date September 14, 1999 Resolution 99-220
Motion By Mulvihill Seconded By Luick
RESOLUTION ADOPTING THE PRELIMINARY 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 892,524
Commodities 35,238
Other Charges and Services 416,919
Total Expenses 1,344,681
Net operating income 928,264
Other receipts (disbursements)
Interest income 61,176
Interest expense (65,727)
Purchase discounts 1,130
Uncollectible checks 800
Bond principal payment (95,000)
Capital outlay (345,396)
Total receipts (disbursements) (443,017)
Net increase (decrease) before transfers 485,247
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) (273,175)
Working Capital, January 1 1,043,915
Working Capital, December 31 $ 770,740
(Continued)
s •
RESOLUTION ADOPTING THE PRELIMINARY 2000
LIQUOR FUND BUDGET
(Confiinued)
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, Mayor
T EST•
harlene Friedges, City rk