HomeMy WebLinkAbout96-164 CITY OF LAKEVILLE
RESOLUTION
Date October 7, 1996 Resolution 96-164
Motion By Johnson Seconded By Holberg
RESOLUTION AMENDING THE 1996
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 amended for the fiscal year ending December 31, 1996.
1996 1996
ADOPTED AMENDED
BUDGET A JUST BUDGET
Revenues
Sales $ 4,892,324 $ 24,902 $ 4,917,226
Cost of Sales 3,663,035 18,645 3,681,680
Gross profit 1,229,289 6.257 1,235,546
Expenses
Personnel 489,880 6,257 496,137
Commodities 28,465 28,465
Other Charges and Services 313,742 313,742
Depreciation 33,587 - 33,587
Total Expenses 865,674 6,257 871,931
Net operating income 363,615 - 363,615
Other Revenue (Expense)
Interest income 56,525 56,525
Purchase discounts 20,767 20,767
Uncollectible checks 1,000 - 1,000
Donations to school districts (36,361) - (36,361)
Total other revenue (expense) 41,931 - 41,931
Net income before transfers 405,546 - 405,546
Transfers
To General Fund 31,998 - 31,998
To Building Fund 350,000 - 350,000
Total transfers 381,998 - 381,998
Net income $ 23,548 $ - $ 23,548
(Continued)
APPROVED AND AMENDED by the City Council of the City of Lakeville, Minnesota,
this 7th day of October, 1996.
• CITY OF KEVILLE
BY:
Duane Zaun, Mayor
`Sl~i
Charlene Friedges, City lerk
•