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Fines and Forfeits
<br />are projected to increase from the current year budget. The increase in this revenue stream is
<br />a direct result of the success of the STEP program which was implemented during the 2008 fiscal year. It is
<br />expected that this will continue for the upcoming fiscal year. Additionally, the warrant roundup that occurs every
<br />spring has been very successful.
<br />Charges for Services
<br />are projected to increase by 7.26%, or $255,188. The increase is attributable to fees for
<br />residential solid waste, which are expected to increase by $48,200 based on current year collections, and an
<br />increase in the contract for LPISD services, which is projected to increase by $128,798.
<br />Recreation and Fitness Center
<br />fees are projected to drop due to decreased activity and historical analysis.
<br />Interest earnings
<br />are expected to continue to decline in fiscal year 2010. As the interest rates have decreased, the
<br />City has had to replace maturing investments that had higher yields with lower yielding investments. Not only
<br />have interest rates declined as a result of the sluggish economy, the City is planning to draw down the fund
<br />balance in the General Fund, which will impact earnings as well.
<br />General Fund Expenditures
<br />The General Fund expenditures for fiscal year 2008-09 are currently estimated at $37,297,393, which is $915,221
<br />or 2.52%, over our current budget. The majority of the divisions are estimated to be under budget, with the
<br />exception of the Non-Departmental division. This division went over the original budget for FY 2009 due to the
<br />addition of several one-time transfers related to capital projects such as s $583,000 transfer added for additional
<br />funding needed for the Sports Complex, and $900,000 for a building purchase. The Administration Department
<br />includes the Emergency Management division which was impacted by unanticipated expenditures associated with
<br />Hurricane Ike. The expenditures, by department, for the current fiscal year are shown below:
<br /> Budget Current Estimate
<br />Department 2008-09 2008-09 Variance Percent
<br />
<br />Emergency Services 4,144,145 4,024,515(119,630) -2.89%
<br />Police 9,072,904 8,797,791(275,113) -3.03%
<br />Administration 2,720,887 2,893,857172,970 6.36%
<br />Finance 1,170,804 1,179,4178,613 0.74%
<br />Non-Departmental 8,777,916 10,324,8941,546,978 17.62%
<br />Public Works 4,865,810 4,695,304(170,506) -3.50%
<br />Parks & Recreation 3,748,653 3,562,256(186,397) -4.97%
<br />Planning & Engineering 1,881,056 1,819,362 (61,694) -3.28%
<br />
<br />Total 36,382,17537,297,396915,221 2.52%
<br />The expenditures for the new year are budgeted at $32,894,465, which is $3,487,710, or 9.59% less than the
<br />current fiscal year. The expenditures, by department, for the new fiscal year are shown below:
<br /> Budget Budget
<br />Department 2008-09 2009-10 Variance Percent
<br />
<br />Emergency Services 4,144,145 4,454,121 309,976 7.48%
<br />Police 9,072,904 9,999,538926,634 10.21%
<br />Administration 2,720,887 2,905,084184,197 6.77%
<br />Finance 1,170,804 1,241,55070,746 6.04%
<br />Non-departmental 8,777,916 3,337,668(5,440,248) -61.98%
<br />Public Works 4,865,810 5,132,712266,902 5.49%
<br />Parks & Recreation 3,748,653 3,821,06972,416 1.93%
<br />Planning & Engineering 1,881,056 2,002,723 121,667 6.47%
<br />
<br />Total 36,382,17532,894,465(3,487,710) -9.59%
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