HomeMy WebLinkAbout05-097 CITY OF LAKEVILLE
RESOLUTION
Date June 20, 2005 Resolution 05-97
Motion By Luick Seconded By fellows
RESOLUTION AMENDING THE 2005
WATER OPERATING FUND BUDGET
BE IT RESOLVED, by the City Council of the City of Lakeville, Minnesota, that the
following Water Operating Fund Budget is hereby approved and adopted for the fiscal
year ending December 31, 2005.
2005 2005
ADOPTED AMENDED
BUDGET ADJUST BUDGET
Revenues
Water sales $1,900,558 $ 1,900,558
Penalties 91,665 91,665
Meter sales, net 34,298 34,298
Interest income 85,281 - 85,281
Total revenues 2,111,802 - 2,111,802
Expenses
Personnel 671, 598 671,598
Commodities 188,006 188,006
Other charges and services 968,017 968,017
Major maintenance projects 115,000 - 115,000
Total expenses 1,942,621 - .1,942,621
Net operating income 169,181 - 169,181
Capital outlay (27,152) (21,260) (48,412)
.Net increase before transfers 142,029 (21,260) 120,769
Transfers In / (out)
Transfers from Surface Water Management Funs 3,474 3,474
Transfers to General Fund (104,503) (104,503)
Transfers to Building Fund (11,473) - (11,473)-
Total transfers in / (out} 112,502 - (112,502}
Net increase (decrease) 29,527 (21,260) 8,267
Working Capital, January 1 3,405,186 - 3,405,186
Working Capital, December 31 $3,434,713 $ (21,260) $ 3,413,453
(continued)
RESOLUTION AMENDING THE 2005
WATER OPERATING FUND BUDGET
• continued)
APPROVED AND AMENDED by the City Council of the City of Lakeville, Minnesota,
this 20th day of June, 2005.
CITY OF L EVILLE
BY: ~ _
Robert D. Johns ,Mayor
A E
Charlene Friedges, City. CI r
i