HomeMy WebLinkAbout97-307 CITY OF LAKEVILLE
RESOLUTION
Date December 17, 1997 Resolution 97-307
Motion By HolberQ Seconded By Sindt
RESOLUTION ADOPTING THE 1998
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, 1998.
1998
Revenues
Water sales $ 1,233,342
Penalties 48,784
Meter sales, net 8,900
Interest income 137,.20
Total revenues 1,428,246
• Expenses
Personnel 393,017
Commodities 75,069
Other charges and services 659,030
Major maintenance projects 60,050
Total expenses 1,187,166
Net income 241,080
Other receipts (disbursements)
Transfer from Storm Water Utility Fund 2,841
Transfer to General Fund (52,037)
Miscellaneous revenue 1,710
Capital outlay 01.778)
Total (disbursements) (79,2641
Net increase 161,816
Working Capital, January 1 2,303,626
Working Capital, December 31 $ 2.465.442
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APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 17th day of December, 1997.
CITY OF LAKEVILLE
BY:
Duane Zaun, Ma
TTE
harlene Friedges, Ci Clerk
s
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