HomeMy WebLinkAbout06-226 CITY OF LAKEVILLE
RESOLUTION NO. 06-226
RESOLUTION ADOPTING THE 2007
WATER OPERATING FUND BUDGET
NOW THEREFORE, BE IT RESOLVED that the Water Operating Fund
Budget is .hereby approved and adopted far the fiscal year ending
December 31, 2007.
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Revenues
Watersales $ 2,410,197
Meter sales, net 26,050
Miscellaneous 1,632
Interest income 93,553
Total revenues 2,531,432
Expenses.
Personnel 825,392
Commodities 191,228
Other charges and services 964,172
Major maintenance projects 1,269,609
Total expenses 3,250,401
Net operating income (718,969)
Capital outlay (114,357)
Net increase before transfers (833,326)
Transfers in / (out)
Transfers from Surface Water Management Fund 4,123
Transfers to General Fund (136,518}
Total transfers in / (out) (132,395)
Net increase (decrease} (965,721)
Working Capital, January 1 3,118,446
Working Capital, December 31 $ 2,152,725
(continued)
RESOLUTIONADOPTING THE 2007
WATER 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 F LAKE I E
Robert D. Jo nson, Ma or
A ST;
Charlene Friedges, Ci lerk