HomeMy WebLinkAbout05-238 CITY OF LAKEVILLE
RESOLUTION
Date December 19, 2005 Resolution 05-238
Motion By Luick Seconded. By Bellows
RESOLUTION ADOPTING THE 2006
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, 2006.
2006
Revenues
Water sales $ 2,234,296
Penalties 74,230
.Meter sales, net 37,105.
Interest income 108,083
Total revenues 2,453,714
Expenses
Personnel 751,887
Commodities 188,307
Other charges and services 850,073
Major maintenance projects 956,500
Total expenses 2,.746,767
.Net. operating .income (293,053)
Capital outlay (111;998)
Net increase before transfers (405,051)
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) (522,067)
Working Capital, January 1 3,589,429
Working Capital, December 31 $ 3,067,362
(continued)
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RESOLUTION ADOPTING THE 2006
WATER OPERATING fUND BUDGET
(continued)
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 19th day of December, 2005.
CITY OF LA EVILLE
BY: 1 ( '
Robert D. John ,Mayor
A E T
Charlene Friedges, City rk