HomeMy WebLinkAbout01-261 CITY OF LAKEVILLE
RESOLUTION
Date December 17, 2001 Resolution 01-261
Motion By Rieb Seconded By Mulvihill
RESOLUTION ADOPTING THE 2002
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, 2002.
2002
Revenues
Water sales $ 1,526,737
Penalties 45, 802
Meter sales, net 17,773
Interest income 146,573
Total revenues 1,736,885
Expenses
Personnel 541,566
Commodities 177,619
Other charges and services 682,907
Total expenses 1,402,092
Net operating income 334,793
Capital outlay (144,082)
Net increase before transfers 190,711
Transfers In / (out) .
Transfers from Surface Water Management Fund 3,104
Transfers to General. Fund (73,698)
Total transfers in / (out) (70,594)
Net increase (decrease) 120,117
Working Capital, January 1 3,665,555
Working Capital, December 31 $ 3,785,672
(continued)
RESOLUTION ADOPTING THE 2002
WATER OPERATING FUND BUDGET
(continued)
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 17th day of December, 2001.
CITY OF KEVILLE
BY:
Robert D. hnson; Mayor
A S
harlene Friedges, City Cler