HomeMy WebLinkAbout03-264 CITY OF LAKEVILLE
RESOLUTION
Date December 15, 2003 Resolution 03-264
Motion By L~a~ck Seconded By Rieb
RESOLUTION ADOPTING THE 2004
MUNICIPAL RESERVES FUND BUDGET
BE IT RESOLVED, by the City Council. of the City of Lakeville, Minnesota, that the following
Municipal Reserves Fund Budget is hereby approved and adopted for the fiscal year ending
December 31, 2004.
2004
Revenues
Transfers from other funds for Liability, Property and Casualty:
General Fund $ 176,208
Utility Funds 44,035
Liquor Fund 22,457
Total 242, 700
LMCIT Rebate 57,460
Interest on Investments 8,042 e
Total revenues 308,202
Expenditures
Liability, property, and casualty premiums 247,858
Liability insurance claimsJded. 50,000
Municipal Reserves administration charge 37,212
Total Expenditures 335,070
Net Increase/(Decrease) (26,868)
Fund Balance, January 1 505,398
Fund Balance, December 31 $ 478,530
APPROVED AND ADOPTED by the City Council of the City of Lakeville,. Minnesota,
.this 15th day of December, 2003.
CITY OF L KEVILLE
BY:
Robert D. Jo son, Mayor
TT ST:
arlene Friedges, City Cler/
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