HomeMy WebLinkAbout04-270 CITY OF LAKEVILLE
.RESOLUTION
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Date December 20, 2004 Resolution 04-270
Motion By Wulff Seconded.By Bellows
RESOLUTION ADOPTING THE 2005
ECONOMIC DEVELOPMENT REVOLVING LOAN FUND BUDGET
BE IT RESOLVED, by the City Council of the City of Lakeville, Minnesota, that the following
Economic Development Revolving Loan Fund Budget is hereby approved and adopted for the fiscal
year ending December 31, 2005.
2005
Revenues
Principal on ERF loan $ 12.,726
Interest on ERF .loan 417
Interest on Investments 701
Total Revenues 13,844
Expenditures
State of Minnesota repayment 8,594
Net Increase/(Decrease) 5,250
Fund Balance, January 1 40,140
Fund Balance, December 31 $ 45,390
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 20th day of December, 2004.
CITY OF L EVILLE
BY:
Robert D. John n, Mayor
f
E T
Charlene Friedges, City Cle
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