City of La Porte Budget 1991 - Laserfiche WebLink

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I I I I I I I I I I I I I I I I I I I FISCAL YEAR 1989-90 ESTIMATED RESULTS The estimated res_ults for fiscal year 1989-90 General Fund revenues are: Comparison of Projected Versus Estimated Revenues for Fiscal Year 1989-90 Over Budget Estimated (Under) Percent 1989-90 1989-90 Budget Variance Taxes 8,883,500 9,076,634 193,134 2.2 Franchise Fees 792,000 919,256 127,256 16.0 Licenses & Permits 55,150 86,394 31,244 56.6 Charges for Services 956,800 1,035,255- 78,455 8.2 Fines & Forfeitures 157,780 248,396 90,616 57,4 Other Revenue 1. 031. 270 1. 013 .070 <18.200) (1.8) Total General Fund 11,876,500 12,379,005 502,505 4.24 In the taxes category, a negative variance of $81,032 (caused by over estimation of the taxable value) in the ad valorem account was offset by positive variances in both the sales tax ($94,326, representing increased economic activity) and the in lieu of taxes ($188,538, caused by under estimation of the taxable value) accounts, The primary reason for the increase in the franchise category was for fees collected from the electrical utility ($105,405). In December, 1989, the area experienced a week of the coldest weather this area has seen in twenty years. Record electrical usage was recorded with the electrical companies preforming scheduled rolling brownouts. The 56.6% increase in the Licenses & Permits category is directly attributed to a surgence in building activity in the City. Building, electrical and plumbing permits are all up for the year. In the Charges for Services category, the majority of the revenues came in on target, The major exception being the revenues generated from the Wave Pool. This is the second full year of operation for the Yave Pool and revenues from the wave pool showed a 100% or 50,000 increase over the prior year. The 57.4% increase in the Fines & Forfeitures category is attributed to two events. First, the addition of ten additional radar units in the fiscal year provided better tools for officers in the area of moving violations. Second, the annexation of the BayMUD area provided a larger service area. The slight underage in the Other Revenue Category is the result of a bad estimate in the Miscellaneous Parks/Recreation classification. This category accounts for revenues generated from miscellaneous activities such as the triathalon and fun runs. This is only the second year for this classification and future revenue estimates should be closer to realistic collections. xi