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Budget Message, Page 3 <br />December 14, 2004 <br /> <br />General Fund [continued] <br /> <br />Comments on individual cost centers in .the General Fund are offered within the budget <br />document. Some comments on general expenditure trends in different categories are offered <br />below: <br /> <br />Personal Services - This category represents 62.25% of the .2005 General Fund Budget. This is <br />an increase from 58.35% in the adopted 2004 budget. This percentage will continue to increase <br />or decrease each year based on personnel additions and changes. The City anticipates spending <br />$5,481,662 on General Fund personnel related expenditures in 2005. <br /> <br />Supplies - This budget category represents 6.78% of the total General Fund Budget for 2005 <br />compared to 5.85% in 2004. The City anticipates spending $597,395 on General Fund supply <br />related expenditures in 2005. <br /> <br />Services and Charges - This category represents 20.09% of the total 2005 General-Fund Budget. <br />Included are contractual services and other services and charges. Services and Charges are <br />budgeted at $1,769,258 for 2005. <br /> <br />Capital Outlay - This budget category calls for $375,500 in expenditures in 2005. <br />represents 4.26% of the total General Fund Budget expenditures~ <br /> <br /> Summary <br /> <br />This <br /> <br />The financial health, of the City is sound; Moody's Investor's Service upgraded the bond rating for <br />the City to "Al" for bonds sold in October-1993. This was a direct result of sound fiscal <br />management and long term, well documented financing plans delivered by the Council. As has <br />been, and will continue to be, the City's ability to deliver services is closely tied to the financial <br />position of the State and actions taken by the Legislature.. <br /> <br />Yours truly, <br /> <br />City Administrator <br /> <br /> <br />