$141,044 over the previous fiscal year.
GENERAL FUND. The budget amendments during the year reflected an increase in miscellaneous revenues ($255,000) from the Police Jury (gaming funds). These funds were used on increases to general and administration, streets and parks and police expenditures. Transfers out were amended by $790,000 to fund various capital projects.
Actual revenues exceeded budget by $1,322,052 or 23% and actual expenditures were more than budgeted by $50,084 or 0.3%. Transfers from sales tax were $65,036 or. 1 % more than budgeted.
SALES TAX FUND
transfers out of $2,000,000.
CAPITAL ASSETS AND DEBT ADMINISTRATION
CAPITAL ASSETS. The City's investment in capital assets (net of depreciation) for governmental and business-type activities as of June 30, 2006, was $23.9 million and $64.8 million, respectively. The total increase in the City's investment in capital assets for the current fiscal year was $6.7 million (8.1 percent) This investment in capital assets includes land, buildings, machinery and equipment, and infrastructure.
Construction in progress
Major capital asset events during the current fiscal year included the following:
Continuing expansion of the wastewater treatment plant
Continuingprogram of improving, rehabilitating, and expanding the City's infrastructure City of Sulphur's Capital Assets (net of depreciation)
Additional information on the City's capital assets can be found on pages 38 - 40 of this report. The following table provides a summary of capital asset activity.
LONG-TERM DEBT. At the end of the current fiscal year, the City of Sulphur had total bonded debt outstanding of $10,662,034, Of this amount, $10,447,194 is backed by the full faith and credit of the City (general obligation bonds) and $214,840 is special assessment debt for which the government is liable in the event of default by the property owners subject to the assessment.
2006 S 2,370.599