2023-24 Budget - Laserfiche WebLink

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1!11111111�1 qi�i�!11 � I I !I 1 11 111 "1 "I'll, I'll, "I'll, "PRIM, chemicals, fuel, etc.). These repeating expenses must be supported year after year with dedicated annual revenue streams in other words revenue that is reliabl raised and 'I bi h e not alwa,,v year. However, when surplus funds are available and assuming the reserve is healthy without the addition of these sur_nluLfiimIsJhuLDW.ortunities; to expand our reach within our c always be the case for the City of Paris, but as with last year, this opportunity is available to us this year. MI 555 . . . . . . . . . . . ......... of this growing reoccurring revenue strearn, thus tightening down the amount of excess we will see upon close of a FY, in order to provide more services to our citizens. The thought is simple, so long as a healthy reserve exists, citizens would prefer to see their tax dollars put to use rather than stored away. We have therefore attempted to loosen up our expenditure needs (ex: pursuing a Public information Officer). This will be a work in progress this year and the next few. This does not come without risk. Given the primary cause of our excess is the sales tax, and given how dynamic the Wes tax can be, we will have to monitor the budget more closely each month to make sure our budgetary predictions remain doable as the revenue comes in. With this said, we believe we have still budgeted our various revenue streams fairly conservatively for the Proposed FY23/24 Budget. The City Airport Fund has a minimal amount of reserve that we are planning on making available for capital expenses within the Airport Fund in FY23/24 for a TxDOT project. The Water and Sewer Fund (Fund 10) and Landfill Fund (Fund 45) do not have excess reserve available for capital purchases, therefore all expenses within these funds are supported with reoccurring revenue streams raised in FY23/24. Thr overnment, thus (anneWnin it uv to other nurDoses as needed. This fundin as an exinnation date in the Uncornin n UNU AJUVU LOUVIX Nt;JXkAVU"I rilf-I Ab R ,V1111161AY VUSCU U11 LICH IvEr, 111F service to the community. One final helpful key, the City's accounting system is structured based on account numbers. We utilize consistent numbering for each of the departments, but it first takes some training to learn how to read the system. The following is an example of a typical account number: "01-0101-12-00". To assist you in reading this, please take the following example: