512 1st Street, Morgan City, La. 70380 (985) 385-1770

2011 Budget

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CITY OF MORGAN CITY
CONSOLIDATED BUDGET
DECEMBER 31, 2011
 
AMENDED
 		 PROPOSED
 		 2011 PROPOSED BUDGET
 
ACTUAL BUDGET BUDGET SPECIAL CAPITAL DEBT UTILITY INTERNAL FIDUCIARY
2009 2010 2011 GENERAL REVENUE PROJECTS SERVICE SYSTEM SERVICE TRUST
REVENUES:
Taxes 6,503,543 6,734,510 6,589,730 4,651,425 1,794,893 - 143,412 - - -
Licenses and permits 984,458 891,565 836,000 836,000 - - - - - -
Intergovernmental 1,441,396 1,810,617 3,371,398 391,910 804,488 2,175,000 - - - -
Charges for services 1,451,481 1,350,700 1,300,200 17,000 923,700 - - - 359,500 -
Fines and forfeits 112,453 172,000 170,000 160,000 10,000 - - - - -
Special assessments - - - - - - - - - -
Utility operations 21,473,805 24,264,000 24,615,699 - - - - 24,615,699 - -
Miscellaneous 899,004 277,558 237,090 116,000 18,540 650 500 - - 101,400
Pension Trust
revenues		 42,645 43,425 43,425 - - - - - - 43,425
Utility interest
earned		 25,056 21,000 15,000 - - - - 15,000 - -
Total Revenues 32,933,841 35,565,375 37,178,542 6,172,335 3,551,621 2,175,650 143,912 24,630,699 359,500 144,825
EXPENDITURES:
General government 2,680,778 2,556,817 2,549,252 2,549,252 - - - - - -
Public safety      
Police 3,240,094 3,536,141 3,390,302 3,194,302 196,000 - - - - -
Fire 2,199,650 2,161,001 2,069,330 2,069,330 - - - - - -
Highways and streets 1,780,405 1,206,656 1,142,754 1,130,254 12,500 - - - - -
Sanitation and sewer 71,431 65,000 265,000 - 265,000 - - - - -
Recreation/
Culture/Pub Pro		 2,166,084 2,259,436 2,242,025 201,286 1,937,864 - - - - 102,875
Capital outlay       557,736      825,828   2,175,000 - - 2,175,000 - - - -
Debt service-      
Principal retirement 70,000 75,000 80,000 - - - 80,000 - - -
Interest and fiscal 79,545 61,361 57,272 - - - 57,272 - - -
Emergency
Assistance		        514,356      163,992 - - - - - - - -
Utility operations 21,097,980 22,160,434 22,080,746 - - - - 22,080,746 - -
Pension Trust
expenses		 42,574 43,425 43,425 - - - - - - 43,425
Internal services operations 377,833 376,422 357,794 - - - - - 357,794 -
Utility interest
& fiscal		 321,252 327,259 336,986 - - - - 336,986 - -
Total Expenditures 35,199,718 35,818,772 36,789,886 9,144,424 2,411,364 2,175,000 137,272 22,417,732 357,794 146,300
CITY OF MORGAN CITY
CONSOLIDATED BUDGET
DECEMBER 31, 2011
 
AMENDED PROPOSED 2011 PROPOSED BUDGET
ACTUAL BUDGET BUDGET SPECIAL CAPITAL DEBT UTILITY INTERNAL FIDUCIARY
2009 2010 2011 GENERAL REVENUE PROJECTS SERVICE SYSTEM SERVICE TRUST
                   
Excess (deficiency) (2,265,877) (253,397) 388,656 (2,972,089) 1,140,257 650 6,640 2,212,967 1,706 (1,475)
OTHER FINANCING SOURCES (USES)
Proceeds from debt - - - - - - - - - -
Insurance Proceeds
Operating
transfers in		 10,069,390 7,596,304 6,061,254 3,847,500 850,500 - - 1,271,754 - 91,500
Operating
transfers out		 (10,069,390) (7,596,304) (6,061,254) (802,000) (1,394,254) - - (3,800,000) - (65,000)
Total other financing
sources (uses) - - - 3,045,500 (543,754) - - (2,528,246) - 26,500
Excess (deficiency) (2,265,877) (253,397) 388,656 73,411 596,503 650 6,640 (315,279) 1,706 25,025
Fund balances
/retained
earnings, beginning 23,069,604 20,803,727 20,550,330 185,059 644,783 562,517 261,343 18,921,059 (6,220.0) 199,858
Residual equity transfers
to utility - - - - - - - - - -
Loss on
extinguishment
of debt/Restatement
of
Fund Balance		 - - - - - - - - - -
Fund balance
/retained
earnings, ending 20,803,727 20,550,330 20,938,986 258,470 1,241,286 563,167 267,983 18,605,781 (4,514.0) 224,883