HomeMy WebLinkAbout96-252 CITY OF LAKEVILLE
RESOLUTION
• Date December 18, 1996 Resolution 96-252
Motion By Mulvihill Seconded By xolber~
RESOLUTION ADOPTING THE 1997
LIQUOR FUND BUDGET
BE IT RESOLVED, by the City Council of the City of Lakeville, Minnesota, that the following
Liquor Fund Budget is hereby approved and adopted for the fiscal year ending December 31, 1997.
1997
.Revenues
Sales $ 5,567,049
Cost of Sales 4,172,499
Gross profit 1,394,550
Expenses
Personnel 653,473
Commodities 23,448
Other Charges and Services 301,171
Depreciation 35,075
• Total Expenses 1,013,167
Net operating income 381,383
Other Revenue (Expense)
Interest income 47,682
Purchase discounts 26,139
Uncollectible checks 1,000
Donations to school districts (38,138)
Total other revenue (expense) 36,683
Net income before transfers 418,066
Transfers
To General Fund 32,315
To Building Fund 70,000
Total transfers 102,315
Net income $ 315,751
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(Continued)
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APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 18th day of December, 1996.
CITY OF KEVILLE
BY: ~ ~c_,.~_
n
. Duane Zaun, Mayor
Charlene Friedges, City erk
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