Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />. <br /> <br />Budget Message, Page 3 <br />December 21,2006 <br /> <br />General Fund rcontinuedl <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 approximately 60% of the 2007 General Fund <br />Budget. The City anticipates spending $6,288,002 on General Fund personnel related <br />expenditures in 2007. <br /> <br />Supplies - This budget category represents approximately 7% of the total General Fund Budget <br />for 2007. The City anticipates spending $738,880 on General Fund supply related expenditures in <br />2007. <br /> <br />Services and Charges - This category represents approximately 22% of the total 2007 General <br />Fund Budget. Included are contractual services and other services and charges. Services and <br />Charges are budgeted at $2,319,593 for 2007. <br /> <br />Capital Outlay - This budget category calls for $1,124,571 in expenditures in 2007. This <br />represents approximately 11 % of the total General Fund Budget expenditures. <br /> <br />Summarv <br /> <br />The financial health of the City is sound; Moody's Investor's Service upgraded the bond rating for <br />the City to "AI" 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 />Best regards, <br /> <br />,wJj/Z i~ <br /> <br />