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• CITY OF LAKEVILLE
RESOLUTION
Date September 13, 1995 Resolution 95-194
Motion By Harvey Seconded By Mulvihill
RESOLUTION ADOPTING THE 1996 PRELIMINARY
WATER UTILITY FUND BUDGET
BE IT RESOLVED, by the City Council of the City of of Lakeville,
Minnesota, that the following Water Utility Budget is hereby approved and
adopted for the fiscal year ending December 31, 1996.
1996
Revenues
Water sales $1,138,651
Penalties 56,483
Meter sales, net 9,000
Farm rental income 1,050
Interest income 46,894
. Total revenues $1,252,078
Expenses
Personnel $352,474
Commodities 87,595
Contractual 409,470
Major maintenance projects 170,500
Total expenses $1,020,039
Net income (loss) $232,039
Other receipts (disbursements)
Transfer from Strm Wtr Util Fund $4,333
Transfer to General Fund (47,604)
Transfer to GIS Fund (7,898)
Capital outlay (34,749)
Total (disbursements) ($85,918)
Net increase/(decrease) $146,121
Working Capital, January 1 1,780,270
• Working Capital, December 31 $1,926,391
(continued)
• (continued)
APPROVED AND ADOPTED by the City Council of the City of
Lakeville, Minnesota, this 13th day of September, 1995.
CITY OF L~iKEVILLE
BY : v~- ' L4i
?l.-'
Duane Zaun, yor
TES
Charlene F edges, City Clerk