HomeMy WebLinkAbout04-180 CITY OF LAKEVILLE
RESOLUTION
Date September 13. 2004 Resolution 04-180
Motion By Wulff Seconded By Rieb
RESOLUTION ADOPTING THE PRELIMINARY 2005
MUNICIPAL RESERVES FUND BUDGET
BE IT RESOLVED, by the City Council of the City of Lakeville, Minnesota, that the following
Municipal Reserves Fund Budget is .hereby approved and adopted for the fiscal year ending
December 31, 2005.
.2005
Revenues
Transfers from other funds for Liability, Property and Casualty:
General Fund $ 190,301
Utility Funds 48,221
Liquor Fund ~ 21,228.
Total 259,750
LMCIT Rebate 57,460
Construction Fund reimbursements 2,000
Interest on Investments 14,645
Total revenues 333,855
Expenditures
Liability, property, and casualty premiums 256,004
Liability insurance claims/ded. 40,000
Municipal Reserves administration charge 37,212
Total Expenditures 333,216
Net Increase/(Decrease) 639
Fund Balance, January 1 526,407
Fund Balance, December 31 $ 527,046
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. John n, Mayor
A
Charlene Friedges, City Clerk