City of La Porte Annual Budget 1991-1992

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I I I I I I I I I I I I I I I I I I I These decreases were offset by various increases including the addition of new personnel and a 4% salary adjustment for all full time employees. A new division named Fire Prevention was created and will be headed by the City's Fire Marshall. Its mission will be to educate the community in regards to taking proactive preventative measures from losses of life and property from fires. For fiscal year 1991-1992, the targeted fund balance at the end of the year for the General Fund is $3,409,507 which is approximately 24.1% or 86.8 days, of budget expenditures. The Utility Fund increased 1.5% over last year. The Utility Fund had increases in personal services caused by the 4% across the board salary adjustment. There was also an increase in the amount that the City will pay to the La Porte Area Yater Authority for potable water. This is the first full year of operation of the Authority. There were several decreases in the Utility Fund that are related to this new water source. The working capital balance at the end of FY 91-92 is estimated at $1,914,283, which represents 113 days of operating expenses. The remaining Enterprise Funds increased 6.9%. The Sylvan Beach Fund increased as a result of the new personnel that was added during the last fiscal year. The Airport decreased as a result of the completion of the Airport Master Plan in fiscal year 1990-91. The La Porte Area Yater Authority budget remained fairly stable. The Commercial Solidwaste Fund's budget increased because of expanded service experienced from the decision to privatize. And finally, the Golf Course Fund increased primarily due to the City's commitment to reinvest capital into long term improvements at the Golf Course. In our Internal Service Funds, an decrease in our Motor Pool Fund. higher health cost. The decrease based on the needs to replace the increase in the Medical Fund was offset by a The increase in the Medical Fund is attributed to in the Motor Pool Fund is a cyclical decrease fleet. The Capital Improvement Funds for the year will be used to complete the Fire Training Facility and Yellness Center projects that were started during fiscal year 1990-91. Also, a major street reconstruction project, water and sewer improvements, a Computer Aided Dispatch System for the Police Department and a new telephone system for the City will be accomplished. There are no tax or utility rate increases what-so-ever built in the 1991-92 Budget. In conclusion, this balanced budget represents the latest of several expenditure strategies reflecting sound, prudent, financial management policies and practices. In the past, our municipal corporation has been steadily recovering from the economic recession that had affected the Houston-Metropolitan area. One of my major goals is building the City's financial reserves to a level that can safely respond to unexpected emergencies. I believe this goal has been met. 1-3