HomeMy WebLinkAbout06-135 CITY OF LAKEVILLE
RESOLUTION NO. 06-135
RESOLUTION ADOPTING THE PRELIMINARY 2007
MUNICIPAL RESERVES FUND BUDGET
NOW THEREFORE BE IT RESOLVED, by the City Council of the City of Lakeville,
that the Municipal Reserves Fund Budget is hereby approved and adopted for the fiscal
year ending December 31, 2007.
2007
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
• Municipat Reserves administration charge 39,478
Total Expenditures 384,938
Net Increase/(Decrease) 20,694
Fund Balance, January 1 489,262
Fund Balance, December 31 $ 509,956
DATED this 5th day of September 2006.
CITY O K VILL
BY. /v
Robert D. J nson, Mayor
S
f
Charlene Friedges, City ~ k