City of La Porte Annual Budget 1992-1993

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I I I I I I Throughout the budget one will discover planned programs and projects that enhance the work environment and the community. I am convinced one of the reasons our staff has excelled in the public programs we offer is because City Council has seen fit to afford our employees with the tools they need to deliver the results that only other cities our size dream of. General Fund The adopted General Fund Budget reflects an overall increase of 8.5%. There are two General Fund divisions that incurred significant decreases between the two fiscal years. One is the Fire Suppression Division which had a reduction in lease fees paid to the Motor Pool Fund, an Internal Service Fund. The second is in the Emergency Medical Services Division where a decrease in capital outlay occurred between the two years. I I These decreases were offset by various increases including the addition of new personnel and an increase in medical insurance for City employees. The transfer from the General Fund to the General Capital Improvement Fund was also increased by $750,000. And finally, the completion of the Recreation and Ye11ness facility has added operational costs to the Parks and Recreation Department Budget. For fiscal year 1992-1993, the targeted working capital balance at the end of the year for the General Fund is $4,256,774 which is approximately 27.2% or 99.4 days, of budgeted expenditures. I I I Uti1itv Fund The Utility Fund decreased 5.1% over last year. This decrease is attributed to two main factors. First, now that the City is receiving 90% of its water from the La Porte Area Yater Authority, this fund has experienced a decrease in operation costs. Second, the amount of the transfer from the Utility Fund to the General Fund was decreased. These two decreases more than offset the normal increases in the fund. I For fiscal year 1992-1993, the targeted working capital balance at the end of ~he year for the Utility Fund is $1,502,408 which is approximately 25.5% or 93.4 days, of budgeted expenses. I Internal Service Funds I I I I In our Internal Service Funds, an increase in the Medical Fund was offset by a decrease in our Motor Pool Fund. The increase in the Medical Fund is attributed to higher health cost. The decrease in the Motor Pool Fund is a cyclical decrease based on the needs to replace the fleet. I 1-3 I