HomeMy WebLinkAbout07-216 CITY OF LAKEVILLE
RESOLUTION NO. 07-216
RESOLUTIONAMENDING THE 2007
CABLE TV FUND BUDGET
NOW THEREFORE, BE IT RESOLVED that the Cable TV Fund Budget is
hereby approved and amended for the fiscal year. ending .December 31, 2007.
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ADOPTED AMENDED
BUDGET ADJUST BUDGET NOTES
Revenues
Franchise Fee $ 427,604 $ - $ 427,604
Miscellaneous revenue 516 .516
Interest on Investments 7,639 - 7,639
Total Revenues 435,759 - 435,759
Expenditures
Personnel Services 204,656 204,656
Commodities 7, 750 7, 750
Other Charges and Services 54,897 54,897
Capital Outlay 47,469 = 47,469
Total Expenditures 314,772 314,772
Transfers
Transfer to General Fund 111,004 7,140 118,144 (1)
Transfer to Employee Benefit Fund 350 - 350
Total Transfers 111,354 ..7,140 118,494
Net Increase/(Decrease) 9,633 (7,140) 2,493
Fund Balance, January 1 306,853 95,517 402,370 (Z)
Fund Balance, December 31 $ 316,486 $ .88,377 $ 404,863
BE FURTHER RESOLVED that the notes pertaining to the adjustments as
shown above are shown on Exhibit A attached hereto,
APPROVED AND AMENDED by the Lakeville City Council this 17th day of
December, 2007.
OF MILE
o y ahl, Mayor
A ST;
.Charlene Friedges, Ci lerk
M
Exhibit A
CITY OF LAKEVILLE
2007 CABLE TV SPECIAL REVENUE FUND
ADJUSTMENT
(1) Increase transfer to General Fund representing the Cable TV Fund's actual share
of City Hall overhead, human resources and information systems support, and
public communications.
Transfer to General Fund 7,140
Decrease Fund Balance, December 31, 2007 7,140
(2) Adjust the budgeted January 1, 2007 Fund Balance to reflect the actual December 31,
2006 Fund Balance carryforward.
Actual Fund Balance, January 1, 2007 402,370
Budgeted Fund Balance, January 1, 2007 306,853
Increase Fund Balance, December 31, 2007 95,517