HomeMy WebLinkAbout94-280 CITY OF LAKEVILLE
RESOLUTION
Date December 19, 1994 Resolution 94-280
Motion By Harvey Seconded By Mulvihill
RESOLUTION ADOPTING 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 adopted
for the fiscal year ending December 31, 1995.
1995
Sales $4,516,940
Cost of goods sold 3,396,783
Gross profit $1,120,157
Expenses
Personnel $447,198
• Commodities 21,679
Other Charges and Services 291,600
Depreciation 24,773
Total expenses $785,250
Net operating income $334,907
Other revenue (expenses)
Interest income $51,014
Purchase discounts 20,234
Uncollectible checks 1,100
Donations to school districts (33,491)
Total other revenue (expenses) $38,857
Net income before transfers $373,764
Transfers
Transfer to General Fund $25,759
Transfer to Building Fund 100,000
Total transfers $125,759
(continued)
0
(continued)
1995
Net Income $248,005
APPROVED AND ADOPTED by the City Council of the City of
Lakeville, Minnesota, this 19th day of December, 1994.
CITY OF KEVILLE
BY:
r. wane Zaun, or
TTES~
(
l/li~~ % ir~A~, ~'1
Charlene ried s, City Clerk
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