HomeMy WebLinkAbout05-234 CITY OF LAKEVILLE
RESOLUTION
Date December 19, 2005 Resolution 05-234
Motion By Luick Seconded By Bellows
RESOLUTION ADOPTING THE 2006
MUNICIPAL RESERVES FUND BUDGET
BE 1T 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 19th day of December, 2005.
CITY OF EVI/Lr~LE
BY: /V"
Robert D. Joh on, Mayor
AT ST•
harlene Friedges, City Cler