HomeMy WebLinkAbout03-267 CITY OF LAKEVILLE
RESOLUTION
Date December 15, 2003 Resolution 03-267
Motion By Luick Seconded By Rieb
RESOLUTION ADOPTING THE 2004
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 adopted for the fiscal year ending December 31, 2004.
2004
Revenues
Sales $ 10,357,852
Cost of Sales 7,869,410
Gross profit 2,488,442
Expenses
Personnel 966,817
Commodities 44,019
Other Charges and Services 550,876
Total Expenses 1,561,712
Net operating income 926,730
Other receipts (disbursements)
Interest income 17,844
Other income 3,761
.Purchase discounts 8,000
Uncollectible checks 1,500
Bond principal payment (120,000)
Bond. Interest expense (42,970)
Capital outlay (74,606)
Total other receipts .(disbursements) (206,471)
Net increase before transfers 720,259
Transfers in / (out)
General Fund -Police Patrol (37,777)
General Fund - IS (21,433)
General. Fund -Chemical Awareness (41,377)
General Fund - HR (37,965)
General Fund (572;916)
Fire Station #4 Bonds (204,035)
Water Trunk Fund - (79,483)
Total transfers in / (out) (994,986).
(continued)
e
RESOLUTION ADOPTING THE 2004
LIQUOR FUND BUDGET
(continued)
2004
Net increase (decrease) (274,727)
Working Capital, January 1 703,732
Working Capital, December 31 $ 429,005
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 15th day of December, 2003.
CITY OF L . EVILLE
BY: -
Robert D. Jo son, Mayor
A
Charlene Friedges, Ci erk
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