HomeMy WebLinkAbout90-150 CITY OF LAKEVILLE
RESOLUTION
Date December 3, 1990 Resolution No. 90-150
Mot ian B Sindt Seconded By Harvey
y
RESOLUTION APPROVING THE 1991 AND 1992
LIQUOR .FUND BUDGET
1991 1992
Sales 3,618,527 3,870,385
Cost of goods sold 2,752,174 2,943,627
Gross Profit 866,353 .926,758
Expenses
Personnel services 392,258 437,229
Commodities 18,541 19,326
Contractual services 238,247 246,407
Depreciation 41,600 41,200
Total operating expenses 690,646 744,162
Net operating income -_175,707 _-182,597
Other revenue (expense)
Interest income 35,869 35,869
Discounts and commissions 20,073 21,479
Donation to school district (17,571) (18,260)
Total other revenue (expense) 38,371 39,088
Net income before transfers 214,078 221,685
Transfer to General Fund 118,365 103,965
Transfer to Building Fund 75,000 ?5,000
Total transfers 193,365 1?8,965
Net income 20,713 42,720
APPROVED AND ADOPTED by the City Council of the City of Lakeville,
Minnesota this 3rd day of December, 1990.
CITY OF AKEVILLT
TTEST: ~
Charlene Friedges, Ci Clerk