Ord 1987-140 - Laserfiche WebLink

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* The level of capital improvements shown in Line 26 represents a substantial reduction from levels in this budget year reflecting slower economic conditions. If econoEic conditions improve resulting in more capital improvements, the level of routine construction projects included therein may need to be increased. Schedule CITY-l shows the detail for the City portion of the proposed City Budget. The following comments summarizes the highlights of this budget: * As previously discussed, Purchased Power (Line 1) is projected to increase an average of $109,482 per month. * Total Data Processing costs (Line 7) are projected to decrease an average of $992 per month. * Total Outside Services (Line 16) are projected to decrease an average of $10,697 per month, or 39.1% reflecting less need for outside assistance. The only specific projects identified in the proposed budget are $18,000 for auditing and $18,000 for an internal cost allocation study. The balance of $164,000 would be available for those outside services specifically authorized by the Board during the budget year, as required. * As previously discussed. Total Administrative and General (Line 23) is projected to increase an average of $6,199 per month to reflect more accurate City labor allocations to SMEU. * As previously discussed, Debt Service (Line 25) is projected to increase to $1,235,866 to include principal and interest accruals for debt service payments during the budget period. Also included in this amount is an allowance of $2,991 for transfer to the Debt Service Reserve Fund to comply with the Bond Ordinance. * The proposed SMEU Budget includes $250,000 as an accrual for transition costs (Line 23) for purchasing LCRA substation facilities at the end of the Operating Agreement.