HomeMy WebLinkAbout97-302 CITY OF LAKEVILLE
RESOLUTION
• Date December 17, 1997 Resolution 97-302
Motion By Holberg Seconded By Sindt
RESOLUTION ADOPTING THE 1998
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, 1998.
1998
Revenues
Transfers from other funds for Excess Liability Coverage:
General Fund $ 25,766
Utility Fund 9,222
Liquor Fund 2,477
Motor Vehicle Fund 205
Total excess liability 37,670
Workers compensation 98,582
• Workers compensation rebate 54,930
Workers compensation Reinsurance Association rebate 59,845
Interest on Investments 17,135
Total revenues 268,162
Expenditures
Liability insurance claims/ded. 10,000
Municipal Reserves administration charge 9,500
Workers compensations premiums 131,443
OSHA Awareness Program 5,600
Total Expenditures 156 543
Net Increase/(Decrease) 111,619
Fund Balance, January 1 295;435
Fund Balance, December 31 $ 407.054
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 17th day of December, 1997.
CITY OF KEVILLE
. y BY:
Du a Zaun, Mayor
EST:
Charlene Friedges, City Jerk