HomeMy WebLinkAbout03-009 CITY OF LAKEVILLE
RESOLUTION
Date January 21, 2003 Resolution 03-09
Motion By Rieb Seconded By Wulff
RESOLUTION AMENDING THE 2003
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 amended for the fiscal year ending
December 31, 2003.
.2003 2003
ADOPTED AMENDED
BUDGET ADJUST BUDGET
Revenues
Water sales $ 1,804,051 $ .1,804,051
Penalties 70,505 70,505
Meter sales, net 17,130 17,130
Interest income 104,076 - 104,076
Total revenues 1,995,762 - 1,995,762
Ex enses
p
Personnel 599,944 599,944
Commodities 161,260 161,260
Other charges and services 725,583 - 725,583
Total expenses 1,486,787 - 1,486,787
Net operating income 508,975 - 508,975
Capital outlay (46,664) (7,832) (54,496)
Net increase before transfers 462,311 (7,832) 454,479
Transfers In / (out)
Transfers from Surface Water Management Fund 3,197 .3,197
Transfers to General Fund (76,826) - (76,826)
Total ansfers in / (out) (73,629) - (73,629)
Net increase (decrease) 388,682. (7,832) 380,850
Working Capital, January 1 4,163,039 - 4,163,039
Working Capital, December 31 $ 4,551,721 $ (7,832). $ 4,543,889
(continued}
RESOLUTION AMENDING THE 2003
WATER OPERATING FUND BUDGET
(continued)
APPROVED AND AMENDED by the City Council of the City of Lakeville, Minnesota,
this 21st day of January, 2003.
CITY OF KEVILLE
BY~
Robert D. Jo son, Mayor
~
Charlene Friedges, City Jerk
•