HomeMy WebLinkAbout06-138 CITY OF LAKEVILLE
RESOLUTION NO. 06-138
RESOLUTION ADOPTING THE PRELIMINARY 2007
LIQUOR FUND BUDGET
NOW THEREFORE BE ITRESOLVED, by the City Council of the City of Lakeville,
that the Liquor Fund Budget is hereby approved and adopted for the fiscal
year ending December 31, 2007.
2007
Revenues
Sales $ 12,713,492
Cost of Sales 9,649,898
Gross profit 3,063,594
Expenses
Personnel 1,191,403
Commodities 47,943
Other Charges and Services 715,523
Total Expenses 1,954,869
Net operating income 1,108,725
Other receipts (disbursements)
Interest income 62,310
Other income 3,865
Purchase discounts 1,200
Bond Proceeds 5,130,000
Proceeds from sale of old LS #3 1,088,784
Uncollectible checks 1,500
Bond principal payment (145,000)
Bond Interest expense (306,353)
Capital outlay (6,929,377)
Total other receipts (disbursements) (1,093,071)
Net increase before transfers 15,654
Transfers in / (out)
General Fund (136,805)
Fire Station #4 Bonds (192,773)
Building Fund (100,000)
Total transfers in / (out) (429,578)
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(continued)
RESOLUTION ADOPTING THE PRELIMINARY 2007
LIQUOR FUND BUDGET
(continued) 2007
Net increase (decrease) (413,924)
Working Capital, January 1 1,421,226
Working Capital, December 31 $ 1,007,302
DATED this 5th day of September 2006.
CITY OF L ~ EVILLE
BY: 1 ~ `~'~f'
Robert D. J nson, Mayor
ST:
l~'
Charlene Friedges, City k
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