HomeMy WebLinkAboutAgenda Report - June 15, 1983 (50)1983-84 BUDGET Following introduction of the matter and brief comments,
ADOPTED Council Member Pinkerton moved for introduction of Ordinance
No. 1289 which Ordinance ado-)ts the 1983-84 Budget as set
4 ORD. NO. 1289 forth below:
INTRODUCED
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CITY OF LODI
=` OPERATING BUDGETS
:M SUMMARY OF THE BUDGET
1983-84
A' ESTIMATED FINANCING RESOURCES
OPERATING REVENUES
Property Taxes $2,557,900.
Other Taxes 3,216,590.
Licenses, Fines 8 Rent 639,220.
Interest 836,055.
Rev. from Other Agencies 353,265'
>' Charges for current sere. 1,762.950.
Other Revenues 132,200.
Water Sales & Fees 1,274,080.
Sewer Charges 1,204,500.
Electrical Sales 14,174,320.
Inter -Fund Tranfers 402,910.
Total Operating Revenues $26,553,990.
CONTRIBUTIONS FROM OTHER FUNDS AND RESERVES
i Prior Years Rev. -Library $ 288,530.
E..
General Fund Oper. Reserve 86,035.
Elec. Fund Oper. Reserve 1,347,525.
Sewer Fund Oper. Reserve 4,550.
z Water Fund Oper. Reserve 10,065.
Total Contributions $ 1,736,705.
TOTAL ESTIMATED FINANCING RESOURCES $28,290,695.
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ESTIMATED REQUIREMENTS
OPERATING EXPENSES
H
Personal Services $ 9,025,210.
Utilities & Transportation 13,045,125.
Materials 3 Supplies 1,402,520.
Depreciation 508,025.
Y
Equip. Land 6 Structures 114,615.
Special Payments 2,505,490.
Total Oper. Expenses $26,600,985.
FUND BALANCE REQUIREMENTS
Library Fund $ 277,545.
Tot.Fund Bal. Require. S 277,545.
CONTRIBUTIONS TO OTHER FUNDS AND RESERVES
Water Util Capital fund $ 450,000.
Sewer Util Capital Fund 100,000.
Electricity Utility Capital 694,315.
'
PL b PD Insurance Fund 167 850.
Tot.Contrib.to
other Fu6J $ 1,412,165.
Total Estimated Requirements $28,290,695.
The motion was seconded by Council Member Murphy and carried
by unanimous vote of all Council Members Present.
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