HomeMy WebLinkAbout05-144 CITY OF LAKEVILLE
RESOLUTION
.Date September 6, 2005 Resolution 05-144
Motion By Rieb Seconded By Bellows
RESOLUTION ADOPTING THE PRELIMINARY 2006
MUNICIPAL RESERVES FUND BUDGET
BE IT RESOLVED, by the City Council of the. City of Lakeville, Minnesota, that the following
Municipal Reserves Fund Budget is hereby approved and adopted for the fiscal year ending
December 31, 2006.
2006
Revenues
Transfers from other funds for Liability, Properly and Casualty:
General Fund $ 209,331
Utility Funds 52,561
Liquor Fund 21,419
Total 283,311
LMCIT Rebate 60,333
Construction Fund reimbursements 2,000
Interest on Investments 16,423
Total revenues 362,067
• Expenditures
Liability, property, and casualty premiums 279,107
Liability insurance claims/ded. 40,000
Workers compensation premium adjustment 16,000
Municipal Reserves administration charge 38,328
Total Expenditures 373,435
Net Increase/(Decrease} (11,368)
Fund Balance, January 1 547,447
Fund Balance, December 31 $ 536,079
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 6th day of September, 2005.
CITY O KEVILL
% BY: `
Robert D. J hnson, Mayor
E
Charlenefriedges, City Clerk
•