HomeMy WebLinkAbout04-274 CITY OF LAKEVILLE
RESOLUTION
Date December 20, 2004 Resolution 04-274
Motion By Wulff Seconded By Bellows
RESOLUTION ADOPTING THE 2005
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 3l, 2005.
2005
Revenues
Sales $ 10,783,190
Cost of Sales 8,167,700
Gross profit 2,615,490
Expenses
Personnel. 988,435
Commodities 46,253
Other Charges and Services 563,268
Total Expenses 1,597,956.
Net operating income 1,017,534
• Other receipts (disbursements)
Interest income 7,086
Other income 3,761
Purchase discounts 10,500
Uncollectible checks 1,500
Bond principal payment (125,000)
Bond Interest expense {37,240}
Capital outlay (22,663)
Total other receipts (disbursements) (162,056)
Net increase before transfers 855,478
Transfers. in / (out)
General Fund (142,709)
Fire Station #4 Bonds (193,051)
Building Fund (347,927)
Total transfers in / (out} (683,687}
(continued)
RESOLUTION ADOPTING THE 2005
LIQUOR FUND BUDGET
(continued) 2005
Net increase (decrease} 171,791
Working Capital, January 1 506,431
Working Capital, December 31 $ 678,222
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 20th day of December, 2004.
CITY OF ~KEVILLE
BY: ~2f
Robert D. Joh on, Mayor
T T:
harlene Friedges, City CI rk