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$141,044 over the previous fiscal year.

BUDGETARY HIGHLIGHTS

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

The

budget

amendments

reflected

an

increase

in both

sales tax

revenues

and

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

629,542

1,355,241

30,232,549

24.454,469

30,862,091

25.809,710

Buildings

2,173,260

1,993,526

34,141,478

34,201,824

36,314,738

36,195,350

Furniture andequipment

2,896,439

2,420,098

415,225

325,770

3,311,664

2,745,868

Transportation equipment

1,706,912

1.472,036

51,034

39,570

1,757,946

1.511,606

Infrastructure

13,915,853

13.399,538

-

-

13,915,853

13,399.538

Total

23.859,631

23,011,038

$ 64.840.286

S 59.021,633

$88,699,917

$82.032,671

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.

Land

2006 S 2,370.599

Governmental Activities

S

Business-type Activities

2007

$ 2,537,625

Total

2007

2006

$ 2,537.625

$ 2,370,599

2007

$

2006

12

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