City of La Porte Annual Budget 1993-1994

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\ Article IV of the City's Charter governs the preparation and submission of the budget and the Schedules and Attachments in this budget meet or exceed its requirements. Le2al level of BudEet Control The legal level for expenditure (expense) budget control is the Fund level. Each Department Director is responsible for the budget in their respective departments. The Directors are given latitude to transfer budget funds within their departments, with the exception of the personal services category. Transfers effecting the personal services category or outside of the department require the approval of the City Manager. Additions to the budget that are not countered by a reduction elsewhere require amendme~t of the budget by City Council. Amendment of Anproved BudEet The amendment of a Departmental budget, which effects the total budget, requires approval by City Council. The City budgets a contingency amount in our operating funds. These contingency amounts are available to be used by the City Manager for any emergency, unforseen expense or opportunity that might arise. In past years, the contingency has been used to purchase property and for hurricane preparedness. OrEanization of Funds The City books are established in accordance with Generally Accepted Accounting Principles (GAAP) and our budget process is based on a working capital approach. The City has the following Fund Types and Funds: Governmental Fund Types General Fund - Used to account for generic activity that is not specifically accounted for elsewhere. Hotel/Hotel Occupancy Tax Fund -"Used to account for funds received from the assessment of the Hotel/Motel Occupancy Tax. Enterprise "Funds Utility Fund Used to account for activity surrounding the provision of water and wastewater service to the City residences. Sylvan Beach Fund -.Used to account for activity surrounding the City's operation of the Sylvan Beach Pavilion and Conference Center. Airport Fund - Used to account for the operation .of the City's Airport. La Porte Area Water Authority - Used to account for the production and distribution of treated surface water to the La Porte Bayshore area. 1-8 I I I I I I I I I I I I I I I I I I I