City of La Porte Annual Budget 1993-1994

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I I I I I I I I I I I I I I I I I I I \ Commercial Solid Waste Fund - Used to account for the operation of the solid waste collect~on efforts for commercial customers. Golf Course Fund - Used to account for the operation of the municipal Golf Course. Internal Service Funds Motor Pool Fund - Used to account for the procurement and maintenance of the City's rolling fleet. Computer Maintenance and Replacement Fund - Used to account for the procurement, ma~ntenance and replacement of the City's computer systems. Capital Improvement Funds General Capit~l Improvement Fund - Used to account for Capital Projects that are normally small in nature and effect the general operation of the City. Utility Capit~l Improvement Fund - Used to account for Capital Projects that are normally $mall in nature and effect the utility operation of the City. 1984 General Obligation Fund - Used to account for utility system improvements. 1989 General Obligation Fund - Used to account for general City projects. Debt Service Funds General Debt Service Fund - Used to pay interest and extinguish debt of the outstanding General Obligation Issues of the City. Utility Debt Service Fund - Used to pay interest and extinguish debt of the outstand~ng Revenue Bond Issues of the City. La Porte Area Water AuthorIty Debt ServIce Fund.- Used to pay interest and extinguish debt of the outstanding Revenue Bond Issues of the Authority. Targeted Ooeratin2 Balances The City strives to maintain a minimum working capital balance of 60 to 90 days of operating expenses in its Operating Funds. All funds currently meet or exceed this bench mark. In fiscal year 1989-90, it was' determined that the excess working capital balance in the Debt Service Fund would be used over a five year period to reduce its balance to the targeted range. The five year period was selected to minimize the impact on our tax rate. 1-9