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<br />FUND SUMMARIES
<br />
<br />Usted below are Individual fund summaries, or groups of funds summaries. for the City. Because of the large
<br />number of accounts. and divisions In the larger funds, only highlights of major Items will be discussed.
<br />
<br />General Fund Revenues
<br />
<br />The general fund revenues for fiscal year 1993-94 are currently estimated at $17.953,246, which Is $429,108, or
<br />2.45%, greater than our original budget projection. The revenues, by revenue category, for the current fiscal year
<br />are shown below:
<br />
<br />Original Projection Current Estimate
<br />Category 1993-94 ' 1993-94 Variance Percent
<br />Taxes $ 1,1,744,588 11,716,691 (27,897) ~.23%
<br />Franchise Fees 1,143.000 ,1,162,820 19,820 1.73%
<br />Ucense & Permits 169,200 216.800 47,600 28.13%
<br />Charges for Services 1,561,800 1,608,050 46,250 2.96%
<br />Fines & Forfeitures 239,400 243,400 4,000 1.67%
<br />Employee Health Services 1,517.700 1,522.260 4,560 3.00%
<br />Parks & Recreation 379,200 347,525 (31.675) -8.35%
<br />Other Revenue 769.250 1.135.700 366.450 47.64%
<br />Total Revenue $ 17,524,138 17.953,246 429,108 2.45%
<br />
<br />In the Ucense & Permits category, the City Is expecting to realize an Increase of 28.13% over Its original proJection,
<br />which Is caUl?ed by an Increase In the number of building and other building related permits. BuDding permit
<br />Issuance appears to have returned to pre 1985 levels. It was In 1985 when the economy In the Houston area began
<br />a down turn and building activity slowed tremendously.
<br />
<br />The expected short fall In the Parks & Recreation revenue category Is attributed to a change in the method of
<br />accounting for these revenue types. Items that were previously received from customers by the City and -passed-
<br />through to other organizations have been taken out of the revenue and expense stream.
<br />
<br />The Other Revenue category Is estimated to have Interest Income come In $30,000 over budget Also In this revenue
<br />category, Is an equity transfer received In the closing of the Commercial Solid Waste Fund, which was previously
<br />an enterprise fund. The City of La Porte prlvitatlzed this operation in 1990. It kept the enterprise fund in existence
<br />until It was assured that the private hauler was performing satisfactorily. The City Council elected to close this fund,
<br />back to Its origin, as of the end of fiscal year 1993-94.
<br />
<br />The revenues for the new fiscal year 'are projected at $18,824,378, which Is $1,300,240, or 7.42%, greater than they
<br />were In the current year. The revenues, by revenue category, for the new fiscal year are shown below:
<br />
<br />Original Projection Projection
<br />Category 1993-94 1994-95 Change Percent
<br />Taxes $ 11.744,588 12,946,923 1,202.335 10.24%
<br />Franchise Fees 1,143,000 1,197,000 54,000 4.72%
<br />Ucense & Permits 169,200 184,100 14.900 8.81%
<br />Charges for Services 1,561,800 1,703,750 141.950 9.09%
<br />Fines & Forfeitures 239,400 243,600 4,200 1.75%
<br />Employee Health Services 1,517,700 1,534.500 16,800 1.11%
<br />Parks & Recreation 379,200 350,300 (28,900) -7.62%
<br />Other Revenue 769.250 664.205 (105.045) -13.66%
<br />Total Revenue $ 17,524.138 18,824,378 1,300,240 7.42%
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