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CITY OF LAKEVILLE
RESOLUTION
Date January 19, 1993 Resolution 93-10
Motion By Sindt Seconded 8y xuhmann
RESOLUTION APPROVING THE 1993
UTILITY FUND BUDGET
NOW, THEREFORE BE IT RESOLVED, by the City Council of the City of
of Lakeville, Minnesota, that the following Utility Budget is hereby
..approved and adopted for the fiscal year ending December 31, 1993.
WATER SEWER TOTAL
Revenue
Water sales $919,742 $919,742
Sewer use fees $1,452,649 1,452,649
Penalties 7,700 14,500 22,200
Interest income 38,814 35,728 74,542
Meter sales, net 11,823 11,823
. Total revenue $978,079. $1,502,877 $2,480,956
Expenses
MWCC charges $1,071,594 $1,071,594
Personnel $264,620 193,.664 458,284
Commodities 98,838 20,088 118,926
Contractual. 342,952 87,079 430,031
Major maintenance. projects 57,500 21,500 79,000
Interest expense 2,110 2,t10
Total expenses $766,020 $1,393,925 $2,159,945
Net income $212,059 $108,952 $321,011
Other disbursements
Debt payments $40,000. $40,000
Transfer to General Fund 63,622 $63,622 127,244.
Capita] outlay 44,923 40,522 85,845
Total other disbursements $148,545 $104,544 $253,089
Net increase in cash $63,514 $4,448 $67,922
Cash Balance, January 1 646,902 595,468 1,242,370
Cash Balance, December 31 $710,416 $599,876 $1,310,292
continued
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APPROVED AND ADOPTED by the City Council of the City of
Lakeville, Minnesota, this 19th day of January, 1993.
CITY OF A EVILLE
BY:
Du ne Zaun, Ma o
~CT,T EST :
~J
~~L.t~'~t,.~,~i~1.k. ~ f~''
Charlene Friedges, C ty Clerk