HomeMy WebLinkAbout93-011 • CITY OF LAKEVILLE
RESOLUTION
Date January 19, 1993 Resolution 93-11
Motion By Sindt Seconded By Ruhmann
RESOLUTION APPROVING THE 1993
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, 1993.
1993
Sales $3,970,539
Cost of goods sold 2,988,502
Gross profit $982,037
Expenses
Personnel $441,363
Commodities 17,483
Contractual --261_596
Total expenses $720,442
Net operating .income $261,595
Other revenue (expenses)
Purchase discounts $20,920
Non-sufficient fund checks (3,033)
Donations to school districts (23,908)
Interest income 43,848.
Total other revenue (expenses) $37,827
Net income $299,422
Other disbursements
Transfer to General Fund $103,965
Transfer to Building Fund 175,000
Capital outlay 277,500
Total other disbursements $556,465
Net decrease in .cash ($257,043.)
Cash balance, January 1 1,066,997
• Cash balance, December 31 $809,954
continued
• APPROVED AND ADOPTED by the City Council of the City of
Lakeville, Minnesota, this 19th day of January, 1993.
CITY 0 L KEVILLE
BY:
D ane Zaun, a or
A,1`T EST
~CL~~~
Charlene Friedges, Ci Clerk
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