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PerBonal Services <br />Supplies <br />Other Servs. & Chrgs. <br />Capital Expense <br />Total <br />$4,056,053 <br />410,036 <br />1,561,202 <br />23,145 <br />$6,050,436 <br />1991 <br />Budaet <br />$3,919,077 <br />411,653 <br />1,590,539 <br />30,336 <br />$5,951,604 <br />=cccessae� <br />Amount <br />Increase <br />lDecreasel <br />$136,976 <br />( 1,617j <br />( 29,337) <br />( 7,191) <br />$ 96,832 <br />cco=xccse <br />Percent <br />Chanae <br />3.5� <br />( .38) <br />( 1.9� <br />(23.98) <br />1 6 $ <br />sc'a==v <br />Personal Bervices <br />The Personal Services increase ie due to normal pay adjustments. <br />Supplies <br />No significant changes. <br />ther Services and har es <br />No significant changes. <br />ita Expense <br />Items that are of a replaceable nature are now being funded from <br />the plant depreciation account. The amount shown represents <br />those items that have not yet qualified for the depreciation fund. <br />The 1992 Budget represents an effort to provide a framework to <br />enable the City to meet its needs now and to be positioned for <br />any local government changes which may occur within the very near <br />future. <br />The 1991 Budget's Letter of Transmittal indicated the budget was <br />fiscally responsible with only one major new program started. <br />Since that budget was assembled, the City has received a state <br />aid reduction in the amount of $240,000. A mid-year budget reduc- <br />tion resolution was implemented by the Council to offset approxi- <br />mately $140,000 of that revenue loss. <br />The budqet is being monitored to determine how the additional <br />$100,000 aid reduction scheduled for December can be absorbed. <br />Staff is confident that with the Council's quidance, the City can <br />make the budgetary adjustments necessary to continue the sound <br />fiscal direction for which the City is known. <br />Respectfully submitted, <br />���\`�` - � '"�•� _ _. OU <br />Steven R. Sarkozy <br />City Manager <br />0 <br />