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CITY OF LAKEVILLE
RESOLUTION
Date September 6, 2005 Resolution 05-147
Motion By Rieb Seconded By Bellows
RESOLUTION ADOPTING THE PRELIMINARY 2006
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 adopted for the fiscal year ending December 31, 2006.
2006
Revenues
Sales $ 11,742,500
Cost of Sales 8,864,337
Gross profit 2,878,163
Expenses
Personnel 1,051,018
Commodities 55,398
Other Charges and Services 650,460
Total Expenses 1,756,876
Net operating income 1,121,287
Other receipts (disbursements)
Interest income 25,800
Other income 3,761
Purchase discounts 10,500
Uncollectible checks 1,500
Bond principal payment (125,000)
Bond Interest expense (37,240)
Capital outlay (1,127,910)
Total other receipts (disbursements) (1,248,589)
Net increase before transfers (127,302)
Transfers in ! (out)
General Fund (136,711)
Fire Station #4 Bonds (194,676)
Building Fund (40,000)
Total transfers in / (out) (371,387)
(continued)
RESOLUTION ADOPTING THE PRELIMINARY 2006
LIQUOR FUND BUDGET
(continued) 2006
Net increase (decrease) (498,689)
Working Capital, January 1 1,037,192
Working Capital, December 31 $ 538,503
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 6th day of September, 2005.
CITY OF KEVILL
BY:
Robert D. nson, Mayor
AT S
Charlene Friedges, City Clerk.