HomeMy WebLinkAbout98-293 CITY OF LAKEVILLE
RESOLUTION
. Date December 21, 1998 Resolution 98-293
Motion By Holberg Seconded By Sindt
RESOLUTION ADOPTING THE 1999
MUNICIPAL RESERVES FUND BUDGET
BE IT RESOLVED, by the City Council of the City of Lakeville, Minnesota, that the following
Municipal Reserves Fund Budget is hereby approved and adopted for the fiscal year ending
December 31, 1999.
1999
Revenues
Transfers from other funds for Excess Liability Coverage:
General Fund $ 26,915
Utility Funds 6,763
Liquor Fund 3,414
Total excess liability 37,092
Workers compensation 87,632
Interest on Investments 24,405
Total revenues 149,129
Expenditures
Liability insurance claims/ded. 10,500
Municipal Reserves administration charge 25,295
Workers compensations premiums 116,843
Total Expenditures 152,638
Net Increase/(Decrease) (3,509)
Fund Balance, January 1 406,756
Fund Balance, December 31 $ 403,247
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 21st day of December, 1998.
CITY OF EVILLE
BY:
Duane Zaun, Mayor
TT
Charlene Friedges, City rk