Annual_Budget_1991_001 - Laserfiche WebLink

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Caoital Exnenses Capital Expense has increased mainly due to increased sewer and water improvement projects. A summary of the capital items is as follows: Capital Outlav Police Vehicles Recreation Vehicles Fire Vehicles Public Works Vehicles Community Development Vehicles Buildings and Structures Recreation Improvements Nonmotorized Pathway Opticom Sanitary Sewer Water Golf Course Ice Arena Storm Water Infrastructure Telecommunications Other $107,000 65,500 275,000 13,000 23,500 30,301 75,000 65,000 16,000 342,000 422,000 63,000 73,000 390,000 90,000 87,269 49,071 Debt Service Debt service has decreased by $1,098,361, or 33.2 percent due to a program of calling and defeasing outstanding bonds. The City �`= used bond sinking fund reserves to retire a number of bonds prior to maturity. This eliminated these bonds from the City's balance sheet, which is very favorable for the City's credit rating. General Fund Expenditures An analysis of the General Fund is presented here because the tax levy is most affected by expenditures in this fund. Personal Services Supplies Other Servs. & Chrgs Capital Expense 1991 Adopted $3,919,077 410,653 1,615,092 31,336 1990 Budget $3,691,687 380,687 1,540;275 27,476 Amount Increase jDecrease) $227,390 29,966 74,817 3,860 Percent Chanae 6.1% 7.9% 4.9°s 14.0% Total $5,976,158 $5,640,125 $336,033 5.6 0 Personal Services The Personal Services increase is due to normal pay adjustments, and to the addition of one Investigator, a 1/2 time Clerk, and a 1/2 time Community Service Officer in the Police Department as part of the agreement for provision-of Police Services to the City of Falcon Heights. 7