HomeMy WebLinkAbout94-262 CITY OF LAKEVILLE
RESOLUTION
Date December 19, 1994 Resolution 94-262
Motion By Sindt Seconded By Johnson
.RESOLUTION AMENDING THE 1994
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, 1994.
1994 1994
ADOPTED AMENDED
BUDGET ADJUST BUDGET
Sales $4,072,742 4,918 $4,077,660 (1)
Cost of goods sold 3,078,887 3,718 3,082,605 (1)
Gross profit $993,855 $1,200 $995,055
• Expenses
Personnel $417,205 $417,205
Commodities 19,474 19,474
Contractual 257,859 450 258,309 (2)
Total expenses $694,538 $450 $694,988
Net operating income $299,317 $750 $300,067
Other revenue (expenses)
Purchase discounts received $18,233 $18,233
Non-sufficient fund checks 1,100 1,100
Donations to school districts (26,489) (26,489)
Interest income 33,082 33,082
Total other revenue (expenses) $25,926 $0 $25,926
Net income $325,243 $750 $325,993
Other disbursements
Transfer to Building Fund $150,00.0 $150,000
Capital outlay 285,746 750 286,496 (3)
Total other disbursements $435,746 $750 $436,496
Continued
•
Continued
1994 1994
ADOPTED AMENDED
BUDGET ADJUST BUDGET
Net decrease in cash ($110,503) $0 ($110,503)
Cash balance, January 1 483,919 483,919
Cash balance, December 31 $373,416 $0 $373,416
APPROVED AND ADOPTED by the City Council of the City of
Lakeville, Minnesota, this 19th day of December, 1994.
CITY OF EVILLE
BY:
Du ne Zaun, r
ATTEST:
• ~Y ~,`!I
Charlene ried s, City Clerk