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RESOLUTION
• Date September 15, 1998 Resolution 98-187
Motion By Mulvihill Seconded By Holberg
RESOLUTION ADOPTING THE PRELIMINARY 1999
ECONOMIC DEVELOPMENT REVOLVING LOAN FUND BUDGET
BE IT RESOLVED, by the City Council of the City of Lakeville, Minnesota, that the following
Economic Development Revolving Loan Fund Budget is hereby approved and adopted for the fiscal
year ending December 31, 1999.
999
Revenues
Principal on ERF loan $ 11,260
Interest on ERF loan 5,393
Interest on Investments 3.884
Total Revenues 20,537
Expenditures
Other Charges and Services -
Total Expenditures -
• Net Increase/(Decrease) 20,537
Fund Balance, January 1 56.411
Fund Balance, December 31 $ 76.948
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 15th day of September, 1998.
CITY OF KEVILLE
BY:
Duane Zaun, Mayo
ATET
Charlene Friedges, City CI rk
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