City of La Porte Operating Budget 1998-1999

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I I I I I I I I I I I I I I I I ... City of La Porte Established 1892 October 1, 1998 Honorable Mayor and Members of City Council City of La Porte, Texas Dear Mayor and Members of City Council: In accordance with the City's Charter provisions, it is my pleasure to present La Porte's Fiscal Year 1998-99 Operating Budget and Capital Improvement Program. This document, as delineated on the pages that follow, was formally adopted by Council at its regularly scheduled meeting of September 14, 1998. The budget is the document the City uses in its mission to provide services and improve the quality of life of its citizens. At that time, Council authorized appropriations for the City's various activities in the following amounts: General Fund Utility Fund Enterprise Funds Internal Service Funds Capital Improvement Funds Debt Service Funds Hotel/Motel Fund Economic Development FY 1997-98 ADOPTED BUDGET 20,387,074 5,938,780 3,044,934 2,947,689 2,822,100 3,648,628 111,000 100.000 39,000,205 FY 1998-99 ADOPTED BUDGET 21,887,740 6,020,580 3,057,533 3,132,715 8,710,000 3,692,768 284,500 100,000 46,885,836 The figures outlined above represent a $7,885,631 or 20.22% increase when compared to last year's budget. The majority of this increase is in the Capital Improvement Funds which increased 308.63%. Included in the Capital Improvement Funds Budget are projects funded from Bonds sold in 1998. We felt it appropriate to present these projects in this years Budget. We are especially pleased that there are no tax or water rate increases built into the 98-99 Budget, and that we are lowering residential sewer rates by 28%. Total Authorized Appropriations Embodied in this document are key principles which are important to the City's long-standing commitment to having a sound budgetary and financial program. P.O. Box 1115 · La Porte, Texas 77572-1115 · (281) 471-5020 1-1