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<br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />SUMMARY OF EXPENDITURES <br /> <br />The expenditures of the City of La Porte can be grouped into four broad categories. <br />The first being cost for personnel and personnel related benefits, another being the <br />cost of capital outlay, a third being the cost needed to service and extinguish debt <br />and the fourth being all other costs (supp1ies,.uti1ities). <br /> <br />EXPENSE DISTRIBUTION <br />FOR FISCAL YEAR 1991-92 <br /> <br />After removing all intergovernmental <br />revenues and expenses, the chart <br />shown on the right depicts the <br />expenditure categories of the City of <br />La Porte. <br /> <br /> <br />OTHER <br />28% <br /> <br />DEBT SERVICE <br />14% <br /> <br />CAPITAL <br />23% <br /> <br />As with most Governmental Entities, the cost of providing manpower is the largest <br />expense incurred. Regular salaries and overtime account for 8 million dollars of <br />the budget. This amount, when coupled with associated benefits of 31.5% (Social <br />Security, Retirement, Medical Insurance) account for approximately 35% of the City's <br />resources. <br /> <br />The Debt Service category is the total dollars expended to pay interest and <br />principal on existing debt. <br /> <br />The Capital Outlay category includes procurement of vehicles totaling 604 thousand <br />dollars and Capital Improvement Projects totaling 6.16 million dollars. <br /> <br />The other category includes items such as utilities, supplies, training and <br />education, and maintenance. <br /> <br />An in-depth discussion of resources and expenses for selected funds is found later <br />in this letter. <br /> <br />1-19 <br />