HomeMy WebLinkAbout06-139 CITY OF LAKEVILLE
RESOLUTION NO. 06- 139
RESOLUTION ADOPTING THE PRELIMINARY 2007
WATER OPERATING FUND BUDGET
NOW THEREFORE BE IT RESOLVED, by the City Council of the City of Lakeville,
that the Water Operating Fund Budget is hereby approved and adopted for the fiscal
year ending December 31, 2007.
2007
Revenues
Water sales $ 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
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(continued)
RESOLUTION ADOPTING THE PRELIMINARY 2007
WATER OPERATING FUND BUDGET
(continued)
DATED this 5th day of September 2006.
CITY O L KEVILLE
BY: t `
Robert D. J nson, Mayor
A T:
Charlene Friedges, City CI r
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