HomeMy WebLinkAbout04-183 CITY OF LAKEVILLE
RESOLUTION
Date September 13, 2004 Resolution 04-183
Motion By Wulff Seconded By Rieb
RESOLUTION ADOPTING THE PRELIMINARY 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 677,776
Commodities 188,006
Other charges and services 968,028
Major maintenance projects 115,000
Total expenses 1,948,810
Net operating. income 162,992
Capital outlay (24,139)
Net increase before transfers 138,853
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 L(out) (112,502)
Net increase (decrease) 26,351
Working Capital, January 1 3,411,222
Working Capital, December 31 $ 3,437,573
(continued)
L i
RESOLUTION ADOPTING THE PRELIMINARY 2005
WATER OPERATING FUND BUDGET
(continued)
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 13th day of September, 2004.
CITY OF L EVILLE
BY:
Robert D. Jo son, Mayor
A
Charlene Friedges, City CI