HomeMy WebLinkAbout03-173 CITY OF LAKEVILLE
RESOLUTION
• Date September 15, 2003 Resolution 03-173
Motion By Luck Seconded By Rieb
RESOLUTION ADOPTING THE PRELIMINARY 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, 2~
2004
Revenues
Sales $ 10,357,852.
Cost of Sales 7,869,410
Gross profit 2,488,442
Expenses
Personnel 955,989
Commodities 44,019
Other Charges and Services 552,828
Total Expenses 1,552,836
Net operating income 935,606
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 729,135
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)
i
(continued)
RESOLUTION ADOPTING THE PRELIMINARY 2004
LIQUOR FUND BUDGET
(continued)
• 2004
Net increase (decrease) (265,851)
Working Capital, January 1 701,353
Working Capital, December 31 $ 435,502
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 15th day of September, 2003.
CITY OF KEVILLE
BY:
Robert D. J nson, Mayor
E
arlene Friedges, City C k
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