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<br />e <br /> <br />e <br /> <br />BUDGET REVISIONS JUSTIFICATIONS <br /> <br />Debt Service - General obligation debt related to the Utility Fund <br />was budgeted twice in the G.F. through the following procedures: <br />1) Effective tax rate computation <br />2) Administrative transfer from the Utility Fund. <br /> <br />These two procedures will provide $1,332,764 for general obligation <br />debt retirement in fiscal 1987. However, the amount of debt to be <br />retired in fiscal 1987 is 666,382. Therefore, the additional amount <br />budgeted can be used to fund other unanticipated expenditures. <br /> <br />Solidwaste - Com. Revenue - Revenues were budgeted initially for a <br />three month period. Council indicated a desire to continue the <br />solidwaste commercial division since it is self-supporting. An <br />additional nine months of operations will increase revenue $236,082. <br /> <br />\~orkmans' Compensation - premiums were projected by TML in October <br />1986 to be 190,717. However, the City budgeted only $161,288. Later <br />in the year TML did a re-rate based on pool experience. The re-rate <br />increased workmans' compensation for the City for the current year. <br />Also, the State Board of insurance raised rates which became <br />effective January 1987. These combined changes increased workmans' <br />compensation insurance $41,088. <br /> <br />General Liabilitv/Casualty - premiums increased $233,199 due to a <br />re-rate process by the Texas Municipal League. The original budget <br />is insufficient to accomodate this additional cost. <br /> <br />Solidwaste-Commercial division originally budgeted for three <br />months. This budget amendment is necessary to provide services for <br />the remainder of the year. <br /> <br />Solidwaste-Residential - the current budget provides for once-a-month <br />trash pick-up. A desire by Council to have twice-a-month trash pick <br />up requires additional funding of $32,885. <br /> <br />l/fxll/!3/T <br /> <br />13 II <br />