HomeMy WebLinkAbout07-151 CITY OF LAKEVILLE
RESOLUTION NO. o7-isi
RESOLUTIONADOPTING THE 2008 PRELIMINARY
MUNICIPAL RESERVES FUND BUDGET
NOW THEREFORE, BE IT RESOLVED that the Preliminary Municipal Reserves
Fund Budget is hereby approved and adopted for the fiscal year ending
December 31, 2008.
Zoos
Revenues
LMCIT Rebate $ 32,002
Interest on Investments 20,894
Total Revenues 52,896
Expenditures
Liability, Property, and Casualty Premiums 323,727
liability Insurance Claims/ded. 50,400
Municipal Reserves Administration Charge 40,663
Total Expenditures 414,790
Transfers
Transfers from other funds for Liability, Property and Casualty Premiums:
General Fund 275,513
Utility Funds 84,042
Liquor Fund 23,234
Total Transfers 382,789
Net Increase/(Decrease) 20,895
Fund Balance, January 1 451,505
Fund Balance, December 31 $ 472,400
APPROVED AND ADOPTED. by the Lakeville City Council this 4th day of
September, 2007.
CI Of ~KEVILLE
'i
• H y Da or
A T:
Charlene Friedges, Ci lerk