City of La Porte Budget 1981-1982 (2)

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------------------- September 16, 1981 'Mayor and Council City of La Porte P.O. Box 1115 La Porte, Texas 77571 RE: Combined Budget for Fiscal Year 1981-1982 Lady and Gentlemen: Transmitted herewith are the proposed budgets for the ensuing fiscal year combined into one document. The document contains four major funds - the General Fund, the Revenue Sharing Fund, the Capital Improvement Fund and the Water and Wastewater Fund. The budgets in the General Fund and Water and Wastewater Fund are divided into three major categories: basic budgets, supplemental requests and capital outlay. The basic budget represents those costs associated with maintaining the current level of service without replacement of equipment, acquisition of additional equipment, additional personnel or cost of living adjustments. Supplemental requests and capital outlay represent those costs associated with acquisition of additional personnel, replacement and/or additional equipment and other major items not previously funded. In relation to the 1980-1901 budget, the total 1981-1982 General Fund budget contains a 5.16 percent increase in the basic budget, an 8.9 percent increase in supplemental re- quests and a 27.96 percent decrease in capital outlay. The total 1981-1932 water and wastewater budget contains a 6.06 percent increase in the basic budget, a 22.87 percent 'decrease in supplemental requests and a 29.78 percent decrease in capital outlay. There were no significant changes in the fund allocations for the Revenue Sharing or Capital Improvement funds. The total debt requirement increased 21 percent this fiscal year as a result of bonds sold during the last quarter of calendar year 1980. Another feature in this year's budget is a recommended seven (7) percent cost of living increase to em- ployees. The following is a combined summary of revenue, expenses, debt, contingencies and transfers that comprise this year's ~isca1 plan.