HomeMy WebLinkAbout97-208 CITY OF LAKEVILLE
RESOLUTION
Date sentemher 9, 1997 Resolution 97-20$
Motion By Mulvihill Seconded By Holberg
RESOLUTION ADOPTING THE PRELIMINARY 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 25,000
• Workers Comp. Reinsurance Assn. rebate 59,845
Interest on Investments 17 135
Total revenues 238.232
Expenditures
Liability insurance claims/Ded. 10,000
Municipal Reserves Admin Charge 9,500
Workers compensations premiums 131,443
OSHA Awareness Program 5,600
Total Expenditures 156,543
Net Increase/(Decrease) 81,689
Fund Balance, January 1 295,435
Fund Balance, December 31 $ 377.124
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 9th day of September, 1997.
CITY OF KEVILLE
BY:
Duane Zaun, Mayor
tA, T T E,
i
Charlene Friedges; City Cle k