HomeMy WebLinkAbout02-195 CITY OF LAKEVILLE
R LUTJON
ESO
bate September 16, 2002 Resolution 02-195
Motion By Luick Seconded By Mulvihill
RESOLUTION ADOPTING THE PRELIMINARY 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 185,683
Other charges and services 725,583
Total expenses 1,511,210
Netoperating income. 484,552
Capital outlay (46,664)
Net increase before transfers 437,888
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) 364,259
Working Capital, January 1 4,163,039
Working Capital, December 31 $ 4,527,298
(continued)
RESOLUTION ADOPTING THE PRELIMINARY 2003
WATER OPERATING FUND BUDGET
(continued)
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 16th day of September, 2002..
CITY OF EVILLE
BY:
Robert D. Jo son, Mayor
T T
.Charlene Friedges, City rk