HomeMy WebLinkAbout06-227 CITY OF LAKEVILLE
RESOLUTION NO. 06-227
RESOLUTION ADOPTING THE 2007
SANITARY SEdVER OPERATING FUND BUDGET
NOW THEREFORE, BE IT RESOLVED that the Sanitary Sewer Operating
Fund Budget is hereby approved and adopted for the fiscal year ending
December 31, 2007.
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Revenues
Sewer use fees $ 3,465,070
Penalties 88,678
Misceilaneous 1,632
Interest income 75,574
Total revenues 3,630,954
Expenses
MCES charges 2,194,936
Personnel 473,708
Commodities 61,937
Other charges and services 436,646
Major maintenance projects 176,207
Total expenses 3,343,434
Net operating income 287,520
Capital outlay (151,389)
Net increase. before transfers 136,131
Transfers In / (out)
Transfer from Surface Water Management Fund 6,383
Transfer to General Fund (136,518)
Total transfers in / (out) (130,135)
Net increase (decrease) 5,996
Working Capital, January 1 2,519,137
• Working Capital, December 31 $ 2,525,133
(continued)
RESOLUTIONADOPTING THE 2007
• SANITARYSEWER OPERATING FUND BUDGET
(continued)
BE IT FURTHER RESOLVED that the Water Operating Fund shall hereby
and from this date forward sell all utility customer accounts receivable to
the Sanitary Sewer Operating Fund..
APPROVED AND ADOPTED by the Lakeville City Council this 18th day of
December, 2006.
CITY O ,WEAK V LLE
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Robert D. J nson, Mayor.
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Charlene Friedges, Clerk