HomeMy WebLinkAbout03-268 CITY OF LAKEVILLE
RESOLUTION
Date December 15, 2003 Resolution 03`268
Motion By Luick -:Seconded By Rieb
RESOLUTION ADOPTING THE 2004
WATER OPERATING FUND BUDGET
BE 1T 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, 2004.
2004
Revenues
Water sales $ 1,724,529
Penalties 72,344
Meter sales, net 30,192
Interest income. 103,025
Total revenues 1,930,090
Expenses
• Personnel 632,388
Commodities 159,010
Other charges and services 697,817
Major maintenance projects 1,340,000
Total expenses 2,829,215
Net operating income (899,125)
Capital outlay (4,122)
Net increase before transfers (903,247)
Transfers In / (out)
Transfers from Surface Water Management Fund 3,417
Transfers to General Fund (88,396)
Total transfers in / (out) (84,979)
Net increase (decrease) (988,226)
Working Capital,. January 1 4,252,238
Working Capital, December 31 $ 3,264,012
(continued)
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RESOLUTION ADOPTING THE 2004
WATER OPERATING FUND BUDGET
(continued)
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 15th day of December, 2003.
CITY OF EVILLE
BY:
Robert D. J son, Mayor
T ,
Charlene Frie ages, City~'`C rk