HomeMy WebLinkAbout05-009 CITY OF LAKEVILLE
RESOLUTION
Date January 18, 2005 Resolution OS-09
Motion By Bellows Seconded By Wulff
RESOLUTION AMENDING THE 2005
LIQUOR FUND BUDGET
BE IT RESOLVED, by the City Council of the City. of Lakeville, Minnesota, that the following
Liquor Fund Budget is hereby approved and amended for the fiscal year ending
December 31, 2005.
2005 2005
ADOPTED AMENDED
BUDGET ADJUST 'BUDGET
Revenues
Sates $ 10,783,190 $ - $ 10,783,190
Cost of Sales 8,167,700 - 8,167,700
Gross profit 2,615,490 - 2,615,490
Expenses
Personnel 988,435 - 988,435
Commodities 46,253 - 46,253
Other Charges and Services 563,268 540 563,268
Total Expenses 1,597,956 540 1,597,956
• Net operating income 1,017,534 (540) 1,017,534
Other receipts (disbursements]
Interest income 7,086 7,086
Other income 3,761 3,761
Purchase discounts 10,500 10,500
Uncollectible checks 1,500 1,500
Bond ..principal ..payment (125,000) (125,000)
Bond Interest expense (37,240) (37,240)
Capital outlay (22,663} (570) (23,233)
Total other receipts (disbursements) (162,056) (570) (162,626)
Net increase before transfers 855,478 (1,110) 854,908
Transfers in / (out)
General Fund (142,709) {142,709}
Fire Station #4 Bonds (193,051) (193,051)
Building Fund (347,927) - (347,927)
Total transfers in / (out) (683,687} - (683,687}
(continued)
RESOLUTION AMENDING THE 2005
LIQUOR FUND BUDGET
• 2005 2005
ADOPTED AMENDED
(continued) BUDGET ADJUST BUDGET.
Net increase (decrease) 171,791 (1,110) 471,221
Working Capital, January 1 506,431 - 506,431
Working Capital, .December 31 $ 678,222 $ (1,110) $ 677,652
APPROVED AND AMENDED by the City Council of the City of Lakeville, Minnesota,
this 18th day of January, 2005.
CITY OF EVILLE
$Y: N~" ^
Robert D. Joh on, Mayor
S .
Charlene Friedges, City CI r
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