HomeMy WebLinkAbout01-260 CITY OF LAKEVILLE
RESOLUTION
Date December 17, 2001 Resolution 01-260
Motion By Rieb Seconded By Mulvihill
RESOLUTION ADOPTING THE 2002
LIQUOR FUND BUDGET
BE IT RESOLVED, by the City Council of the City of Lakeville, Minnesota, that the following
Liquor Fund Budget is hereby approved and adopted for the fiscal year ending December 31, 2002.
2002
Revenues
Sales $ 9,049,853
Cost of Sales 6,904,862
Gross profit 2,144,991
Expenses
Personnel 868,657
Commodities 33,454
Other Charges and Services 451,484
Total Expenses 1,353,595
• Net operating income 791,396
Other receipts (disbursements)
Interest income 17,383
Other income. 3,762
Purchase discounts 3,800
Uncollectible checks 1,500
Bond principal payment (110,000)
Bond Interest expense (46,225)
Capital outlay (39,083)
Total other receipts (disbursements) (168,863)
Net increase before transfers 622,533
Transfers in / (out)
General Fund (102,054)
General Fund -DARE Program (38,728)
Building Fund. (82,500)
Fire Station #4 Construction (400,000)
Water Trunk Fund (79,483)
Total transfers in / (out) (702,765)
Net increase (decrease} (80,232)
• Working Capital,. January 1 369,1.72
Working Capital, December 31 $ 288,940
(continued)
a
RESOLUTION ADOPTING THE 2002.
LIQUOR FUND BUDGET
. (continued)
APPROVED AND ADOPTED by the Gity Council of the City of Lakeville, Minnesota,
this 17th day of December, 2001.
CITY OF L EVILLE
BY:
~ Robert D. Joh n, Mayor
TT S
Charlene Friedges, City Clerk