City of La Porte Budget 1991 - Laserfiche WebLink

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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. Amendment of Approved BudEet The amendment of a Departmental Budget requires approval by the City Council. We normally do not need to amend our budget because we budget a contingency amount in our two major operating funds (General Fund page 91 and Utility Fund page 159). These amounts are available to be used by the City Manager for any emergency that might arise. You might notice on page 91 that the City estimates to expend $80,000 of the General Fund contingency in Fiscal Year 1989-90. This estimate is based on the immediate needs to provide additional parking area at a recently opened park. The total facilities of the park are being utilized at a much quicker rate than originally expected, Organization of Funds The City books are established in accordance with Generally Accepted Accounting Principles (GAAP) and our budget normally follows those guidelines that are considered GAAP. The City has the following Fund Types and Funds: General Fund Types General Fund - Used to account for generic activity that is not specifically accounted for elsewhere. Federal Revenue Sharing Fund - Used to account for funds that were received in the General Revenue Sharing Program. Hotel/Motel Occupancy Tax Fund - Used to account for funds received from 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, Commercial Solid Waste Fund - Used to account for the operation of the solid waste collection efforts for commercial customers. Golf Course Fund - Used to account for the operation of the municipal Golf Course. vi I I I I I I I I I I I I I I I I I I I