HomeMy WebLinkAbout02-191 .CITY OF LAKEVILLE
RESOLUTION
Date September 16, 2002 Resolution 02-191
Motion By Luick Seconded. By Mulvihill
RESOLUTION ADOPTING THE PRELIMINARY 2003
MUNICIPAL RESERVESfUND BUDGET
BE IT RESOLVED, by :the City Council of the City of Lakeville, Minnesota, that the following
Municipal Reserves Fund Budget is hereby approved and adopted for the fiscal year ending
December 31, 2003.
2003
Revenues
Transfers from other funds for Liability, Property and Casualty:
General Fund $ 176,208
Utility Funds 44,035
Liquor Fund 22,457
Total 242,700
LMCIT Rebate 35,538
Interest on Investments 13,170
Total revenues 291,408
• Expenditures..
Liability, property, and casualty premiums 219,308
Liability insurance claims/ded. 50,000
Municipal Reserves administration'charge 34,314
Total Expenditures 303,622
Net Increase/(Decrease) (12,214)
Fund Balance, January 4 439,010
Fund Balance, December 31 $ 426,796
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 16th day of September, 2002.
CITY OF E ILLE
BY:
Robert D. Joh on, Mayor
S
arlene Friedges, City Clerk
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