HomeMy WebLinkAbout04-179 CITY OF LAKEVILLE
-RESOLUTION
Date September 13, 2004 Resolution 04-179
Motion By Wulff ~ Seconded By Rieb
RESOLUTION ADOPTING THE PRELIMINARY 2005
ECONOMIC DEVELOPMENT REVOLVING. LOAN FUND BUDGET
BE tT 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 13th day of September, 2004.
CITY OF L KEVILLE
BY:
Robert D. John n, Mayor
A E
arlene Friedges, City Clerk