HomeMy WebLinkAbout03-008 CITY OF LAKEVILLE
RESOLUTION
Date January 21, 2003 Resolution 03-08
Motion By Reb Seconded By Wulff
RESOLUTION AMENDING THE 2003
LIQUOR FUND BUDGET
BE IT RESOLVED, by the City Council of the City of Lakeville, Minnesota, that the following
Liquor Fund Budget is hereby approved and amended for the fiscal year ending December 31, 2003.
2003 2003
ADOPTED AMENDED
BUDGET ADJUST BUDGET
Revenues
Sales $ 10,007,885 $ 10,007,885
Cost of Sales 7,595,396 - 7,595,396
Gross profit 2,412,489 - 2,412,489
Expenses
Personnel 881,548 881,548
Commodities 38,232. 38,232
Other Charges and Services 540,765 - 540,765
Total Expenses 1,460,545 - 1,460;545
• Net operating income 951,944 - 951,944.
Other receipts (disbursements)
Interest income 18,665 18,665
Other income 3,761 3,761
Purchase discounts 8,000 8,000
Uncollectible checks 1,500 1,500
Bond principal payment (115,000) (115,000)
Bond Interest expense (48,347) (48,347)
Capital outlay (28,373) 1,579 (29,952)
Total other receipts (disbursements) (159,794) 1,579 (161,373)
Net increase before transfers 792,150 1,579 790,571
Transfers in / (out)
General Fund (93,683) (6,500) (100,183)
General .Fund -DARE Program (39,890) (39,890)
Building Fund (620,000) (620,000)
Fire Station #4 Bonds (206,585) (206,585)
Water Trunk Fund (79,483) - (79,483)
Total transfers in / (out) (1,039,641.) 6,500 (1,046,141)
Net increase (decrease) (247,491) (8,079) {255,570)
Working Capital, January 1 559,211 - 559,211
Working Capital, December 31 $ 311,720 $ 8,079 $ 303,641
(continued)
RESOLUTION AMENDING THE 2003
LIQUOR FUND BUDGET
(continued)
APPROVED AND AMENDED by the City Council of the City of Lakeville, Minnesota,
this 21st day of January, 2003.
CITY OF L KEVILLE
BY:
~ Robert D. Joh son, Mayor
A ST• d
S
Charlene Friedges, City C rk