HomeMy WebLinkAbout06-222 CITY OF LAKEVILLE
RESOLUTION NO. 06-222
RESOL UTION ADOPTING THE 2407
MUNICIPAL RESERVES FUND BUDGET
NOW THEREFORE, BE IT RESOLVED that the Municipal Reserves
Fund Budget is .hereby approved and adopted for the fiscal year ending
December 31, 2007.
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Revenues
Transfers from other funds for Liability, Property and Casualty:
General Fund $ 243,744
Utility Funds 59,822.
Liquor Fund 19,227
Total 322,793
LMCIT Rebate 62,143
Construction Fund reimbursements 2,000
Interest on Investments 18,696
Total revenues 405,632
Expenditures
Liability, property, and casualty premiums 304,260
Liability insurance claims/ded. 41,200
Municipal Reserves administration charge 39,478
Total Expenditures 384,938
Net Jncrease/(Decrease) 20,694
Fund Balance, January 1 489,262
Fund Balance, December 31 $ 509,956
APPROVED AND ADOPTED. by the Lakeville City Council this 18th day of
December, 2006.
CITY OF LAKE E
Robert D. J nson, Mayor
A EST:
Charlene Friedges, Clerk