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Agenda Packets - 1991/07/01
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Agenda Packets - 1991/07/01
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Last modified
1/28/2025 4:48:44 PM
Creation date
7/18/2018 7:08:51 AM
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MV Commission Documents
Commission Name
City Council
Commission Doc Type
Agenda Packets
MEETINGDATE
7/1/1991
Supplemental fields
City Council Document Type
City Council Packets
Date
7/1/1991
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are expected to remain constant or to show a modest increase in <br /> 1992 . Police aid is expected to remain constant while street aid <br /> is expected to increase by 6.25%. Revenues for those aids are <br /> from dedicated State funds and have not yet been used as a means <br /> to balance the State's expected budgetary shortfall. <br /> Current services include subdivision, rezoning and variance fees <br /> as well as miscellaneous fees for police reports, photo copies <br /> and other customer services. Current services is estimated to be <br /> 22 .55% less in 1992 than the amount budgeted for 1991. The amount <br /> presently budgeted represents the average amount collected over <br /> the past three years. Declines have been seen in subdivision and <br /> the assessment search accounts and is the primary reason for the <br /> projected decline in current services revenues. <br /> Other revenues include investment interest, interfund transfers <br /> and miscellaneous revenues. Other revenues is anticipated to <br /> increase by 20. 56% over the amount budgeted for 1991 as a <br /> consequence of the decrease of several accounts. Investment <br /> income is anticipated to decrease substantially as a consequence <br /> of a substantial decrease in interest rates which has accompanied <br /> the recent economic downturn. Interfund transfers will decrease <br /> also for the same reasons due to the fact that the transfer from <br /> the Special Projects Fund which is dedicated solely for the <br /> purchase of capital outlay items is based upon the anticipated <br /> interest earnings of the Fund. <br /> Total estimated 1992 General Fund revenues of $2 , 737, 306 are <br /> 3 . 32% less than 1991 estimated revenues of $2,831, 335. <br />
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