HomeMy WebLinkAbout90-151 CITY OF LAKEVILLE
RESOLUTION
Date December 3, 1990 Resolution No. 90-151
Mot ion By Sindt Seconded B Harvey
y
RESOLUTION APPROVING THE 1991 AND 1992
UTILITY FUND BUDGET
NOW, THEREFORE BE IT RESOLVED, by the City Council of the City of
Lakeville the budget for the fiscal years 1991 and 1992. be adopted as
follows:
1991
.WATER SEWER TOTAL
REVENUE
Water sales $671,329 $671,329
Sewer use fees $1,216,839 1,216,839
Penalties 4,500 8,125 12,625
Interest Income 29,235 43,434 72,669
Meter sales, net 3,280 3,280
Total Revenue $708,344 $1,268,398 $1,976,742
EXPENSE
MWCC Charges $764,736 $764,736
Personnel services $229,196 154,488 383,683
Commodities 78,090 18,183 96,2?2
Contractual services 266,214 76,866 343,080
Major maintenance projects 139,300 177,000 316,300
Interest expense 6,720 6,?20
Total Expense $719,519 $1,191,272 $1,910,?91
Net gain ($11,175) $77,126 $65,951
Other receiptsj(disbursements}
Repayments from other funds 40,500 40,500 81,000
Transfers to General Fund (26,669) (26,669) (53,338}
Debt payments (40,000} (40,000)
Capital outlay acquisitions (29,210) (23,010) {52,220}
Total other ___(55,379) ____(9,179) ___(64,558)
Net increase (66,554} 67,94? 1,393
i
• CASH BALANCE, JAN 1 365,433 542,919 908,352
CASH BALANCE, DEC 31 298,879 610,866 909,745
1992
WATER SEWER TOTAL
REVENUE
Water sales $760,634 $760,634
Sewer use fees $1,275,717 1,275,717
Penalties 4,500 8,125 12,625
Interest Income 23,910 48,869 72,?80
Meter sales, net 3,280 3,280
Total Revenue $708,344 $1,332,711 $1,976,742
EXPBNSE
MWCC Charges $1,066,858 $1,066,858
Personnel services $233,567 15?,401 390,967
. Commodities 70,535 17,053 87,588
Contractual services 233,814 ?3,800 307,614
Major maintenance projects 259,900 259,900
Interest. expense 4,060 4,060
Total Expense $801,876 $1,315,112 $2,116,987
Net gain ($9,551) $17,600 .$8,049
.Other receipts/{disbursements}
Transfers to Qeneral Fund (27,503) (27,503) (55,006)
Debt payments (40,000) (40,000}
Gapital outlay acquisitions (4,100) (4,100} (8,200}
-
Total other {71,603) {31,603) (103,206)
Net increase (81,154) .(14,003) (95,157)
CASH BALANCE, JAN 1 298,878 610,866 909,744
CASH BALANCE, DEC 31 217,724 596,862 814,586
.
S APPROVED AND ADOPTED by the City Council of the City of
Lakeville, Minnesota this 3rd day of December, 1990.
CITY OF AKEVILLE
BY: _
Duane Zaun, ayor
TTEST:
C arlene Friedges, ty Clerk
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