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FUND SUMMARIES
<br />Listed 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 />General Fund Revenues
<br />The general fund revenues for fiscal year 2008-09 are currently estimated at $35,133,154 which is $1,408,771 or
<br />4.18% greater than our original budget projection. The revenues, by revenue category, for the current fiscal year
<br />are shown below:
<br />Original Projection Current Estimate
<br />Category 2008-09 2008-09 VariancePercent
<br />
<br />General Property Taxes 11,786,500 12,584,499 797,999 6.77%
<br />Franchise Fees 1,992,068 2,124,017 131,949 6.62%
<br />Sales Taxes 3,085,011 2,995,000 (90,011) -2.92%
<br />Industrial Payments 9,860,078 10,181,383 321,305 3.26%
<br />Other Taxes 75,000 84,527 9,527 12.70%
<br />Licenses & Permits 627,680 596,037 (31,643) -5.04%
<br />Fines & Forfeits 1,405,065 1,351,416 (53,649) -3.82%
<br />Charges for Services 3,515,772 3,694,599 178,827 5.09%
<br />Parks & Recreation 204,490 188,515 (15,975) -7.81%
<br />Recreation & Fitness Center 226,000 201,812 (24,188) -10.70%
<br />Intergovernmental 6,000 3,500 (2,500) -41.67%
<br />Miscellaneous 30,000 159,399 129,399 431.33%
<br />Operating Transfers 460,719 668,450 207,731 45.09%
<br />Interest 450,000 300,000 (150,000) -33.33%
<br />Total 33,724,38335,133,1541,408,771 4.18%
<br />Property Tax
<br />collections are higher than projected due to new growth and increased valuations.
<br />Sales Taxes
<br />are expected to be down $90,011 or 2.92% due to decreased economic activity within the City
<br />associated with the downturn in the economy.
<br />Industrial Payment
<br />collections are higher due to newly renegotiated industrial district contracts, which went into
<br />effect in 2009. The contract percentage increased to 62% from 53%. This was the first year of the increased
<br />percentage, so the projection had been somewhat conservative.
<br />Licenses and Permits
<br /> are projected to come in below original projections due to decreased activity mainly in the
<br />area of building permits as a result of the downturn in the economy. Many of the projects that had initially been
<br />planned were delayed, which deferred the issuance of the permits.
<br />Fines and Forfeits
<br /> are slightly below projected numbers. This is partially due to decreased TxDOT fines and
<br />weight violation fines.
<br />Charges for Services
<br />are higher than originally estimated mainly due to an additional payment from the La Porte
<br />Independent School District for police services. The payment was from fiscal year 2008. Additionally, EMS
<br />patient revenues are projected to be higher than originally thought due to increased collection efforts.
<br />Parks and Recreation
<br />revenues are down due to decreased activity. While levels are below budgeted
<br />projections, they are in line with the actual revenues from fiscal year 2008.
<br />Interest Earnings
<br />are estimated to drop $346,545 from 2008 actual earnings due to current economic conditions.
<br />Interest earnings began to decrease mid-year in 2008 as the impact of the economy began to affect the pools and
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