HomeMy WebLinkAbout98-194 CITY OF LAKEVILLE
• RESOLUTION
Date September 15, 1998 Resolution 98-194
Motion By Mulvihill Seconded By Holberg
RESOLUTION ADOPTING THE PRELIMINARY 1999
WATER OPERATING 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 x,509,689
• Expenses
Personnel 424,864
Commodities 100,872
Other charges and services 595986
Total expenses 1,121,722
Net income 387,967
Other receipts (disbursements)
Transfer from Surface Water Management Fund 2,926
Transfer to General Fund (59,932)
Miscellaneous revenue 1,710
Capital outlay (32,7731
Total (disbursements) (88,0691
Net increase 299,898
Working Capital, January 1 2,708,717 ,
Working Capital, December 31 $ 3.009.615
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APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 15th day of September, 1998.
CITY OF EVILLE
BY:
Duane Zaun, Mayor ;
A
Charlene Friedges, City rk
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