HomeMy WebLinkAbout04-261 CITY OF LAKEVILLE
RESOLUTION
Date December 20, 2004 Resolution 04-261
Motion $y Wulff Seconded By Bellows
RESOLUTION AMENDING THE 2004
EMPLOYEE BENEFIT FUND BUDGET
BE IT RESOLVED, by the City Council of the City of Lakeville, Minnesota, that the following
Employee Benefit Fund Budget is hereby approved and amended for the fiscal year ending
December 31, 2004.
2004 2004
ADOPTED AMENDED
BUDGET ADJUST BUDGET NOTE
Revenue
Property Taxes -Current $ - $ 671,255 $ 671,255. (1)
Interest on Investments 9,835 9,835
Transfer
Transfer from General fund 671,255 671,255 - (1)
Total Revenue and Transfer 681,090 - 681,090
. Expenditures
Personnel Services 164,325 34,377 198,702 (2)
Total Expenditures 164,325 34,377 198,702
Net Increase/(Decrease) 516,765 (34,377) 482,388
Fund Balance, January 1 221,123 - 221,123
Fund Balance, December 31 $ 737,888 $ 34,377 $ 703,511
APPROVED AND AMENDED by the City Council of the City of Lakeville, Minnesota,
this 20th .day of December, 2004.
CITY OF LAKEVILLE
BY:
Robert D. Jo son, Mayor
A
Charlene Friedges, City C e
i
CITY OF LAKEVILLE
2004 EMPLOYEE BENEFIT SPECIAL REVENUE FUND
ADJUSTMENT
(1) Remove transfer from General Fund ($671,255) with a
corresponding increase in current property taxes. Taxes will
be credited directly to the Employee Benefit Fund.
Increase Property Taxes -Current 671,255
Remove Transfer from General Fund 67.1,255
Net _
(2) Increase appropriations related to additional employee severance costs:
Personnel Services
1 Police Lieutenent 34,377
Reduce Fund Balance December 31, 2004 34,377