Annual_Budget_1993_001 - Laserfiche WebLink

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December 15, 1992 -T!M �• • y' '�" � �. The Soaorable ldayor aad City Council: Submitted herewith is the proposad 1993 Aaaual Budget. •-rV��_.�:�1�;.r .�.: The �ncloee3 1993 8udget contiau�s the City'a traditioa of �ound fiacal m:..-.agemeat, aad yet provides for maiatainiag the current level e..d quality of •ervice in a manner the community has come to axpect. The budget has beea formulated aithia the tollowiag objectives: 1. To provide a vrell plsnned, Mrell maaaged meane of ineetiag the City'e aeeds now aad ia the future, while maintaiaiag the best possible credit ratiag. 2. To assure a•afe, sacure aad pleasant co�unity in which familiee may live aad work. The budget documeat consiete of three sectioae. Sectioa I 1s the Introductory •ection, aad containe the Table of Coateats and Lmtter of Traaemittal. The Letter of Traasmittal includee a discueaion of the overall directioa of the budgat, an explaaatioa of several major programe iacluded ia the budget, aad a budget overview •ectloa coataiaiag summary iaformation oa tax levy, revenues, aad axpanditures. Saction ZI 1e the Fiscal Policiee •ectioa. This •ection iacludee a•et of policies to guide the City'o fiaaacial plaaaiag and decieioa making. The 1993 8udget ie ia compliance with the City's fiscal policies. Sectioa ZII ie the Program Budget •ectioa, aad coatains the pro- gzam descriptioae aad budget information for the iadividual pro- grame. gtate Aide Duriag the past •avaral yearo, the State's fiscal woee have diractly affected maay of the aarliar commitmeat. to provide property tax rolief through various State fiscal sharing. Ia 1991 the City received a cut in it■ Local fioverament Aid (Lc3A) of $230,400 reeultiag in aid being recaived of 511,600. Ia 199Z, the City will receive ao L(iA and it is very likely a cut of .3+t in BACA (Somestead Credit) may occur ia December. (The cut is basad oa State rsveau� performance. 1