HomeMy WebLinkAbout01-153 CITY OF LAKEVILLE
-RESOLUTION
Date September ll, 2001 Resolution 01-153
Motion By Mulvihill Seconded By Luick
RESOLUTION ADOPTING THE PRELIMINARY 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 828,685
Commodities 33,454
Other Charges and Services 451,484.
Total Expenses 1,313,623
• Net operating income 831,368
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 (32,263)
Total other receipts (disbursements) (162,043).
Net increase before transfers 669,325
Transfers in / (out} "
General Fund (94,554)..
:General. Fund -DARE Program (38,728)
'Building Fund (75,000)..
Fire :Station #4 Construction (400,000)
WaterTrunk Fund. (79,483)
Total transfers in / (out) (687,765)
Net increase (decrease) (18,440).
• Working Capital, January 1 359,323
Working Capital, December 31 $ 340,:883
(Continued);
s A
RESOLUTION ADOPTING THE PRELIMINARY 2002
LIQUOR FUND BUDGET
• (Continued)
APPROVED AND ADOPTED by the City Council of the City of Lakeville,. Minnesota,
this 17th day of September, 2001.
CITY O KEVILLE
BY:
Robert D. J nson, Mayor
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Charlene Friedges, City Clerk
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