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 Throughout the budget one will discover planned programs a~d 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 3.4%. There are two General Fund divisions that incurred significant decreases between the two fiscal years. One is the Management Information Services division which saw several of its expenditure accounts moved to the new Computer Maintenance and Replacement Fund. The second division that had a decrease was the Non Departmental division which saw a decrease in the amount of the transfer from the General Fund to the Capital Improvement Fund. These decreases were offset by various increases including the addition of new personnel and an increase in medical insurance for City employees. For fiscal year 1993-1994, the targeted working capital balance at the end of the year for the General Fund is $3,670,260 which is approximately 21.1% or 77 days, of budgeted expenditures. Utility Fund The Utility Fund decreased 0.38% over last year. This decrease is attributed to two main factors. The first decrease is attributed to lower operating costs now that the City is receiving 90% of its water from the La Porte Area Water Authority. 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. For fiscal year 1993-1994, the targeted working capital balance at the end of the year for the Utility Fund is $1,335,105 which is approximately 22.9% or 83.8 days, of budgeted expenses. Capital Improvement Funds The Capital Improvement Funds, while not containing any multi-million dollar projects as in past years, contains numerous small to medium sized projects that will help fine tune the City infrastructure and facilities. A sampling of the projects are listed below. j . Design and construction of a recreation center in the Brookglen subdivision, j Design of a Sport Center to meet the growing needs of our special handicap population, j Construction of a covered riding arena, j Placing of utility casings under State Highway 225, 1-3