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CITY OF LAKEVILLE
RESOLUTION
Date September 6. 2005 Resolution OS-1:48
Motion By Rieb Seconded By Bellows
RESOLUTION ADOPTING THE PRELIMINARY 2006
WATER OPERATING FUND BUDGET
BE 1T 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, 2006.
2006
Revenues
Water sales $ 2,234,296
Penalties 74,230
Metersales, net 37,105
Interest income 108,083
Total revenues 2,453,714
Expenses
Personnel 747,887
Commodities 181,937
Other charges and. services 837,503
Major maintenance projects 956,500
Total expenses 2,723.,827
Net operating income (270,113)
Capital outlay (112,548)
Net increase before transfers (382,661)
Transfers In / (out)
Transfers from Surface Water Management Fund 3,578
Transfers to General Fund (107,638)
Transfers to Building Fund (12,956)
Total transfers in / (out) (117,016)
Net increase (decrease) (499,677)
Working Capital, January 1 3,602,759
Working Capital, December 31 $ 3,103,082
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RESOLUTION ADOPTING THE PRELIMINARY 2006
WATER OPERATING FUND BUDGET
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APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 6th day of September, 2005.
CITY OF ILL
BY:
Robert D. hnson, Mayor
T
Charlene Friedges, City Cler
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