HomeMy WebLinkAbout91-170 CITY OF LAKEVILLE ~
RESOLUTION
Date December 16, 1991 Resolution 91-170
• Motion By Harvey SeCOnded By Mulvihill
RESOLUTION APPROVING 7NE 1992
LIQUOR FUND BUDGET
NOW, THEREFORE BE IT RESOLVED, by the City Council of the City
of Lakeville the budget far the fiscal year 1992 is adopted as follows:
1992
Sales $3,918,714
Cost of goods sold 2,941,014
Gross Profit $977,700
Expenses
Personnel $441,934
Commodities 16,071
Contractual 257,176
Depreciation 43,039
Total operating expenses $758,220
Net operating income $219,480
Other Revenue (Expense)
Interest income $43,237
Purchase discounts 20,587
Uncollectible checks (1,221}
Donation to school districts (21,948)
Total other revenue $40,655
Net income before transfers $260,135
Transfer to General Fund $103,965
Transfer to Building Fund 75.,000
Total transfers $178,965
Net income $81,170
Capital Outlay $2,345
APPROVED AND ADOPTED by the City Council of the City of
Lakeville, Minnesota, this 16th day of .December, 1991.
CITY OF A EVILLE
BY:
D ne Zaun, Ma o
A EST:
~'~y l~
Charlene Friedges, City C erk