HomeMy WebLinkAbout07-228 CITY OF LAKEVILLE
RESOLUTION NO. o7-~Zs
RESOLUTIONADOPTING THE 2008
LIQUOR FUND BUDGET
NOW THEREFORE, BE IT RESOLVED that the Liquor Fund Budget
is hereby approved and adopted for the fiscal year ending December 31, 2008.
Zoos
Revenues
Sales $ 13,729,003
Cost of Sales 10,322,422
Gross profit 3,406,581
Expenses
Personnel 1,235,448
Commodities 47,821
Other Charges and Services 812,491
Total Expenses 2,095,760
Net Operating Income 1,310,821
Other Receipts/(Disbursements)
Interest on Investments 70,785
Other income 3,865
Bond Interest Expense (214,610)
Uncollectible Checks 1,500
Bond Principal Payment (280,.000)
Capital Outlay (1,923,980)
Total'. Other Receipts (Disbursements) (2,342,440)
Net Increase Before Transfers (1,031,619)
Transfers
Transfer to General Fund (223,055)
Transfer to Fire Station #4 Bonds (188,855)
Transfer to Police Station Bonds (100,000)
Total Transfers (511,910)
(continued)
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RESOLUTIONADOPTING THE 2008
LIQUOR FUND BUDGET
Zoos
Net Increase/(Decrease) $ (1.,543,529)
Working Capital, January 1 3,099,696
Working Capital, December 31 $ 1,556,167
APPROVED AND ADOPTED by the Lakeville City Council this 17th day of
December, 2007.
CI OF LA VILLE
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Holly D '~I M yor
A ES
Charlene. Friedges, ity Clerk