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HomeMy WebLinkAbout04-275 CITY OF LAKEVILLE RESOLUTION Date December 20, 2004 Resolution 04-275 Motion By Wulff, Seconded By Bellows RESOLUTION ADOPTING THE 2005 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, 2005. 2005 Revenues Water sales $ 1,900,558 Penalties 91,665 Meter sales, net 34,298 Interest income 85,281 Total revenues 2,111,802 Expenses. Personnel 671,598 Commodities 188,006 Other charges and services 968,017 Major maintenance projects 115,000 Total expenses 1,942,621 Net operating income 169,181 Capital outlay (27,152) Net increase before transfers 142,029. Transfers In / (out) Transfers from Surface Water Management Fund 3,474 Transfers to General Fund (104,503) Transfers to Building Fund (11,473) Total transfers in / (out) (112,502) Net increase (decrease) 29,527 Working Capital, January 1 3,405,186 Working Capital, December 31 $ 3,434,713 (continued) a • (continued) RESOLUTION ADOPTING THE 2005 WATER OPERATING FUND BUDGET (continued) APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota, this 20th day of December, 2004. CITY OF KEVILL BY: , Robert D. Joh on, Mayor A E T: Charlene Friedges, City Cler