HomeMy WebLinkAbout00-220 CITY OF LAKEVILLE
RESOLUTION
Date Se tember 13 2000 :Resolution 2000-220
Motion By Johnson Seconded By Mulvihill
RESOLUTION ADOPTING THE PRELIMINARY 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 782,104
Commodities 32,501
Other Charges and Services 401,862
Total Expenses 1,216,467
• Net operating income 978,562
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 794,600
.Transfers
To General Fund 88,941
To General Fund -DARE Program 37,600
To Building Fund 650,000
To Water Trunk Fund 82,572
Total transfers 859,113
Net increase (decrease) (64,513)
Working Capital, January 1 1,002,337
Working Capital, December 31 $ 937,824
(Continued)
RESOLUTION ADOPTING THE PRELIMINARY 2001
LIQUOR FUND BUDGET
(Continued)
APPROVED AND ADOPTED by the City Council of the City of Lakeville, Minnesota,
this 13th day of September, 2000.
CITY OF AKEVILLE
BY:
Dua a Zaun, May r
E
Charlene Friedges, City lerk
•