HomeMy WebLinkAbout05-237 CITY OF LAKEVILLE
RESOLUTION
Date December 19, 2005 Resolution 05-237
Motion By Luick Seconded By Bellows
RESOLUTION ADOPTING THE 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.
200&
Revenues
Sales $ 11,742,500
Cost of Sales 8,864,337
Gross profit 2,878,163
Expenses
Personnel 1,059,018
Commodities 55,398
Other Charges and Services 654,633
Total Expenses 1,769,049
Net operating income 1,109,114
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 (139,475)
..Transfers in /:(out)
General Fund (136,711)
Fire Station #4 :Bonds (1.94,676).
Building fund (40,000)
Total transfers in / (out} (371,387)
(continued)
RESOLUTION ADOPTING THE 2006
LIQUORFUND BUDGET
(continued) 2006
Net increase (decrease) (510,862)
Working Capital, January 1 1,036,510
Working Capital, December. 31 $ 525,648
APPROVED AND ADOPTED by the City. Council of the City of Lakeville, Minnesota,
this 19th day of December, 2005.
CITY OF EVILLE
BY: •
Robert D. John n, Mayor
T E T
harlene Friedges, City CI r