City of La Porte Six Month Budget Review 1986-1987

Browse Search

I I I I I I I I I I I I I I I I I I I ~ J / ~_. /"";~ - .. "0 ~ , , I "- ' ". .... . CITY OF Li\ PORTE p.-iC"~ .7131471.5020 . P.o Box 1115 0 LA POFlTE. TEX....S 77571 April 29, 1987 Mayor Norman Malone & Members of City Council City of La Porte P. O. Box 1115 La Porte, Texas 77571 Dear Mayor & Council: The primary purpose of this budget report is to provide the City Council with a six (6) month financial status overview of all City funds. By presentin~ a mid-year review of revenues and expenditures, the City Council can evaluate the City's ability to effectively deliver its public services. To assist the City Council in this endeavor, City staff has summarized as much of the financial information as possible. This decision reflects my desire not to innudate the Council with too many details since the regular budget process is only a few months away. Nonetheless, if Council wants to explore any particular budget in detail City staff will be present to respond to those inquiries. While I am comfortable with the financial information reflected in this report, I must' admit to not fully understanding some of the financial assumptions reached by the City in formulating the adopted budget. Presently, the City's chart of accounts consists of the following eleven (11) FUNDS (Budgets): 1. General Fund 2. Utility Fund 3. General Capital Improvement Fund 4. Utility Capital Improvement Fund 5. Motor Pool Fund 6. Revenue Sharing Fund 7. EmerRency Medical Service Fund 8. Vehicle Maintenance Fund 9. Hotel Motel Tax Fund 10. Medical Fund 11. Debt Service Fund -1-