HomeMy WebLinkAbout02-284 r ~ c
.CITY OF LAKEVILLE
• RESOLUTION
Date December 16, 2002 Resolution 02-284
Motion By Luick Seconded By Mulvihill
RESOLUTION ADOPTING THE 2003
WATER 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, 2003.
2003
Revenues
Water sales $ 1,804,051
Penalties 70, 505
Meter sales, net 17,130.
Interest income 104,076
Total revenues 1,995,762
Expenses
• Personnel 599,944
Commodities 161,260
Other charges and services 725,583
Total expenses 1,486,787
Net operating income 508,975
Capital outlay (46,664)
Net increase before transfers 462,311
Transfers In / (out)
Transfers from Surface Water Management Fund 3,197
Transfers to General Fund (76,826)
Total transfers in / (out) (73,629)
Net increase (decrease) 388,682
Working Capital, January 1 4,163,039
Working Capita(, December 31 $ 4,554,721
(cortifinu~d)
. • „
RESOLUTION ADOPTING THE 2003
WATER OPERATING FUND BUDGET
(continued)
APPROVED AND ADOPTED by the City. Council of the City of Lakeville, Minnesota,
this 16th day of December, 2002.
CITY OF L EVIL~LE
BY: _
Robert D. Joh on, Mayor
TES }
Charlene Friedges, City C r