HomeMy WebLinkAbout03-174 CITY OF LAKEVILLE
RESOLUTION
Date September- 1S, 2003 Resolution 03-17.4
Motion By Luick Seconded By Rieb
RESOLUTION ADOPTING THE PRELIMINARY 2004
VKATER 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 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 700,540
Major maintenance projects .1,340,000
Total expenses 2,831,938
Net operating income (901,848)
Capital outlay (4,122)
Net increase before transfers (905,970)
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) (990,949)
Working Capital, January 1 4,250,458
Working Capital, December 31 $ 3,259,509
(continued)
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RESOLUTION ADOPTING THE PRELIMINARY 2004
WATER OPERATING FUND BUDGET
(continued)
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 15th day of September, 2003.
CITY OF KEVILL
BY: ~ /~V
Robert D. J nson, Mayor
S•
Charlene Friedges, City Irk