HomeMy WebLinkAbout02-261 CITY OF LAKEVILLE
RESOLUTION
. Date December 16, 2002 Resolution 02-2.61
Motion By Mulvihill Seconded By Luick
RESOLUTION AMENDING THE 2002
ECONOMIC DEVELOPMENT REVOLVING LOAN FUND BUDGET
BE IT RESOLVED, by the City Council of the City of Lakeville, Minnesota, that the following
Economic Development Revolving .Loan Fund Budget is hereby approved and amended for
the fiscal year ending December 31, 2002.
2002 2002.
ADOPTED AMENDED
BUDGET ADJUST BUDGET NOTE
Revenues
Principal on ERF loan $ 15,571 $ 15,571
Interest on ERF loan 2,662 2,662
Interest on Investments 392 - 392
Total Revenues 18,625 - 18,625
Transfer from General Fund - 177,093 177,093 (1)
Total Revenues and transfers 18,625 177,093 195,718
• Expenditures. -Other
Advanced Wireless -Redevelopment Project .116,450 116,450 (2)
Legal, property taxes and other costs - 72,279 72,279 (1)
Total Expenditures - 188,729 188.,729
Transfer to General Fund 15,000 (15,000) - (1)
Total Revenues and transfers 15,000 173,729 188,729
Net Increase/(Decrease) 3,625 3,364 6,989
Fund Balance, January 1 4,816 2,652 7,468 (3)
Fund Balance, December 31 $ 8,441. $ 6,016 $ 14,457
APPROVED AND AMENDED by the City Council of the City of Lakeville, Minnesota,
this 16th day of December, 2002.
CITY OF EVILLE
BY:
~ Robert D. Joh son, Mayor
• T
Charlene Friedges City erk