HomeMy WebLinkAbout98-299 CITY OF LAKEVILLE
RESOLUTION
Date December 21, 1998 Resolution 98-299
Motion By Holberg Seconded By Sindt
RESOLUTION ADOPTING 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 adopted for the fiscal year ending
December 31, 1999.
1999
Revenues
Water sales $ 1,267,342
Penalties 64,182
Meter sales, net 12,105
Gain on sale of assets 1,750
Interest income 164,310
Total revenues 1,509,689
Expenses
Personnel 424,864
Commodities 165,665
Other charges and services 605,836
Total expenses 1,196,365
Net income 313,324
Other receipts (disbursements)
Transfer from Surface Water Management Fund 2,926
Transfer to General Fund (59,932)
Miscellaneous revenue 1,710
Capital outlay (32,773)
Total (disbursements) (88,069)
Net increase 225,255
Working Capital, January 1 2,700,550
Working Capital, December 31 $ 2,925,805
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RESOLUTION ADOPTING THE 1999
WATER UTILITY FUND BUDGET
(continued)
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
.this 21st day of December, 1998.
CITY O AKEVILLE
BY:
Duane Zaun, M
EST:
harlene Friedges, City Cle
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