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• CITY OF LAKEVILLE
RESOLUTION
Date September 13, 1995 Resolution 95-193
Motion By Harvey Seconded By Mulvihill
RESOLUTION ADOPTING THE 1996 PRELIMINARY
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 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 309,242
Depreciation -__33,587
Total expenses $861,174
Net operating income $368,115
Other revenue (expenses)
Interest income $56,525
Purchase discounts 21,946
Uncollectible checks 1,000
Donations to school districts (36,811)
Total other revenue (expenses) $42,660
Net income before transfers $410,775
Transfers
Transfer to General Fund $31,404
Transfer to Building Fund 350,000
Total transfers $381,404
Net Income $29,371
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APPROVED AND ADOPTED by the City Council of the City of
Lakeville, Minnesota, this 13th day of September, 1995.
CITY OF VILLE
BY :
Dua a Zaun, M r
ATTEST:
Charlene Friedges, ity Clerk
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