HomeMy WebLinkAbout07-229 CITY OF LAKEVILLE
RESOLUTION NO. o7-z29
RESOLUTIONADOPTING THE 2008
WATER OPERATING FUND BUDGET
NOW THEREFORE,. BE IT RESOLVED that the Water Operating Fund Budget
is hereby approved and adopted for the fiscal year ending December 31, 2008.
Zoos
Revenues
Water sales $ 2,989.,275
Penalties 112,711
Meter sales, net 27,368
Miscellaneous 1,632
Interest income 94,899
Total revenues 3,225,885
Expenses
Personnel 885,018
.Commodities 232,100
Other charges and services 1,000,747
Major maintenance projects 682,441
Capital outlay 230,119
Total expenses 3,030,425
Net operating income before transfers 195,460
Transfers to / (out)
Transfers from Surface Water Management Fund 4,247
Transfers to General Fund (142,826)
Total transfers in / (out) (138,579)
Net Increase/(Decrease) 56,881
Working Capital, January 1 4,332,949
Working Capital, December 31 $ .4,389,830
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(continued)
RESOLUTION ADOPTING THE 2008
WATER OPERATING FUND BUDGET
(continued)
APPROVED AND ADOPTED. by the Lakeville City Council this 17th. day of
December, 2007.
CI ~ OF EVILLE
1 VV
Ily D hl, ayor
A~ES•
Charlene Friedges ity Clerk