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HomeMy WebLinkAbout1982-05-04; City Council; 6908-1; Adoption of 1982-83 Operating BudgetCIT * OF CARLSBAD — AGENC BILL AR* £ JOS'* I MTG. 5-4-82 DEPT. FIN TITLEl annpTTnw OF THF 1QR9 RT nPFRATTNr: RnnnPT1 DEPT. HD. £ CITY ATTY / HITY MGftf ^^ Zg o 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. oz3oo