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• CITY OF LAKEVILLE
RESOLUTION
Date June 5, 1995 Resolution 95-123
Motion By Harvey Seconded By Sindt
RESOLUTION AMENDING THE 1995
LIQUOR FUND BUDGET
BE IT RESOLVED, by the City Council of the City of Lakeville,
Minnesota, that the following Liquor Budget is hereby approved and amended
for the fiscal year ending December 31, 1995.
ADOPTED AMENDED
1995 ADJUST 1995
Sales $4,516,940 $4,516,940
Cost of goods sold 3,396,783 3,396,783
Gross profit $1,120,157 $0 $1,120,157
Expenses
Personnel $447,198 $447,198
Commodities 21,679 21,679
Other Charges and Services 291,600 291,600
Depreciation 24,773 24,773
Total expenses $785,250 $0 $785,250
Net operating income $334,907 $0 $334,907
Other revenue (expenses)
Interest income $51,014 $51,014
Purchase discounts 20,234 20,234
Uncollectible checks 1,100 1,100
Donations to school districts (33,491) (33,491)
Total other revenue (expenses) $38,857 $0 $38,857
Net income before transfers $373,764 $0 $373,764
Transfers
Transfer to General Fund $25,759 $25,759
Transfer to Building Fund 100,000 100,000
Total transfers $125,759 $0 $125,759
(continued)
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(continued)
ADOPTED AMENDED
1995 ADJUST 1995
Net Income $248,005 $0 $248,005
Capital Outlay
Cash Register $65,000 ($649.) $64,351
Hand Held Inventory Scanner 3,000 (3,000) 0
Sign Machine 6,000 6,000
Laser Printer Manager 1,050 (1,050) 0
Computer/Printer/Desk 2,465 (2,465) 0
Refrigeration System Conversion 3,500 3,500
Land Purchase 250,000 250,000
Security Surveillance 11,658 11,658
Total Capital Outlay $331,015 $4,494 $335,509
APPROVED AND ADOPTED by the City Council of the City of
.Lakeville, Minnesota, this 5th day of June, 1995.
CITY OF EVILLE
BY : ~C.~?~
D ane Zaun, y r
A TES
Charlene Friedge City Clerk