HomeMy WebLinkAbout95-162 • CITY OF LAKEVILLE
RESOLUTION
Date August 7, 1995 Resolution 95-162
Motion By Sindt Seconded By Harvey
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.
1995 1995
ADOPTED ADJUST AMENDED
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 to
General Fund $25,759 $25,759
Building Fund 331,535 331,535
Public Works Reserves Fund 50,964 50,964
Total transfers $357,294 $50,964 $408,258
(continued)
•
(continued)
1995 1995.
ADOPTED ADJUST .AMENDED
Net Income $248,005 ($50,964) ($34,494)
Capital Outlay
Cash Register $64,351 $64,351
Sign Machine 6,000 6,000
Refrigeration System Conversion 3,500 3,500
Land Purchase 250,000 250,000
Security Surveillance 12,416 12,416
Total Capital Outlay $335,509 $0 $336,267
APPROVED AND ADOPTED by the City Council of the City of
Lakeville, Minnesota, this 7th day of August, 1995..
CITY OF AKEVILLE
• BY:
Du ne Zaun, M r
'ATTES L'
r
l~ yr
Charlene Friedg~ City Clerk
•