HomeMy WebLinkAbout1982-05-04; City Council; 6908-1; Adoption of 1982-83 Operating BudgetCIT * OF CARLSBAD — AGENC BILL
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RECOMMENDED ACTION:
This item is for discussion only. A date Should be set for a council workshop,
public hearing and budget adoption.
The recommended operating budget'for the coming year totals $18.3 million, an
increase of about 11% over the 1981-82 estimated expenditures. Estimated
revenues for the new budget year total $18.2 million, an increase of 8% over
1981-82. ' Included in the total 1982-83 budget is the 1983 Capital Improvement
Program totaling $7.2 million which brings the 1982-83 budget to a grand total
of $25.6 million.
In the general fund the expenditure target of $13.4 million set by the Council
has been met. This figure includes about $1.1 million for contingencies compared
to $900,000 in contingencies in the 1981-82 budget. The contingency account is
typically used to cover emergency or unforeseem expenses as well as labor costs
associated with salary increases granted by Council at year end.
FISCAL IMPACT:
The fiscal impact of this budget is reflected in the introductory budget tables.
The city's general fund is in a slightly positive position. Most funds will be
operating in a balanced mode for 82-83. The primary exception is the sewer fund
where potential problems exist unless sewer rates are adjusted during 1982-83.
EXHIBITS:
1982-83 Recommended Budget - on file with Library and City Clerk.
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