FY 2006-2007_Budget - Laserfiche WebLink

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The final major revenue source is the levying of Franchise Fees to Utilities operating in the City of La Porte. State Law governs the amount of the levy. The City expects to receive $2 million from this revenue source in fiscal year 2006-07. RDTCS ESOURCESERIVEDHROUGHHARGES FOR ERVICES The City provides many services to its Citizens. Some are required for the basic health and well being of the individual (water, sewer and sanitation) while others improve the quality of life (wave pool and golf course). The total projection for Charges for Services revenues in Fiscal year 2006-07 is $16.6 million. Listed below are major sources of revenues received from services rendered. Service Rendered Projected 06-07 Resources Water Production & Distribution $ 3,571,557 Wastewater Collection & Treatment 3,035,824 Residential Solid Waste Collection 1,800,000 Golf Course Fees 1,103,500 Other Resources Another critical resource for the City of La Porte is the earning of interest on investments. After a significant decline industry wide, interest rates have begun to slowly increase. The City expects to earn $1,706,155 on its idle funds during fiscal year 2006-07. The projection of this resource is based on cash flow analysis and a conservative interest earnings amount. SUMMARY OF EXPENDITURES The expenditures of the City of La Porte can be grouped into five broad categories. The first being cost for personnel and personnel related benefits, another being the cost of capital outlay, a third being the cost needed to service and extinguish debt, the fourth being the cost of supplies, and the fifth being all other costs (utilities, insurance, maintenance, etc.). After removing all intergovernmental revenues and expenses, the chart shown below depicts the expenditure categories of the City of La Porte. All Funds Expense Distribution for Fiscal Year 2006-07 9% 10% 44% 32% 5% PersonnelSuppliesOther ChargesCapital OutlayDebt Service As with most Governmental Entities, the cost of providing manpower is the largest expense incurred. Regular salaries and overtime account for $15.8 million of the budget. This amount, when coupled with associated benefits (Social ì