HomeMy WebLinkAbout95-284 CITY OF LAI~VILLE
RESOLOTION
Date December 20, 1995 Resolution 95-284
Motion By Johnson Seconded By Sindt
RESOLOTION ADOPTING TSE 1996
LIQIIOR FIIND BDDGET
BE IT RESOLVED, by the City Council of the City of Lakeville,
Minnesota. that the following Liquor Budget is hereby approved and adopted
for the fiscal year ending December 31, 1996.
1996
Sales $4,892,324
Cost of goods sold 3,663,035
Gross profit $1,229,289
Expenses
Personnel $489,880
Commodities 28,465
Other Charges and Services 313,742
• Depreciation -_-33,587
Total expenses $865,674
Net operating income $363,615
Other revenue (expenses)
Interest income $56,525
Purchase discounts 21,946
Uncollectible checks 1,000
Donations to school districts (36,361)
Total other revenue (expenses) $43,110
Net income before transfers $406,725
Transfers
Transfer to General Fund $31,998
Transfer to Building Fund 350,000
Total transfers $381,998
Net Income $24,727
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(continued)
APPROVED AND ADOPTED by the City Council of the City of
Lakeville, Minnesbta, this 20th day of December, 1995.
CITY OF VILLE
BY :
D ane Zaun, or
TIES
Charlene Friedgea City Clerk
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