HomeMy WebLinkAbout00-333 CITY OF LAKEVILLE
RESOLUTION
• Date December 18, 2000 Resolution 00-333
Motion By Luick Seconded By Mulvihill
RESOLUTION ADOPTING THE 2001
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, 2001.
2001
Revenues
Sales $ 9,240,243
Cost of Sales 7,045,214
Gross profit 2,195,029
Expenses
Personnel 795,043
Commodities 32,501
Other Charges and Services 400,766
Total Expenses 1,228,310
Net operating income 966,719
Other receipts (disbursements)
Interest income 37,503
Interest expense. (61,354)
Purchase discounts 500
Other income 2,822
Uncollectible checks 1,500
Adjustment for disposal. of asset (17,303)
Bond principal payment (100,000)
Capital outlay (47,630)
Total receipts (disbursements) (183,962)
Net increase (decrease) before transfers 782,757
Transfers
To General Fund 88,941
To General Fund -DARE Program 37,600
To Building Fund 744,665
To Water Trunk Fund 82,572
Total transfers 953,778
Net increase {decrease) (171,021)
Working Capital, January 1 638,126
Working Capital, December 31 $ 467,105
(Continued)
RESOLUTION ADOPTING THE 2001
LIQUOR FUND BUDGET
(Continued)
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 18th day of December, 2000.
CITY OF EVILLE
~ BY:
Duane Zaun, Mayo
T EST:
Charlene Friedges, City C
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