City of Monterey
1998-99 Adopted Budget
OVERVIEW

WHERE THE  COMES FROM:

The General Fund accounts formost (58%) of the City's funding sources.  Taxes are the primary sourceof revenue for the General Fund, bringing in about 70% of total GeneralFund revenues.  Fees for services provide about 14% of General Fundrevenue.  Click on General Fund Revenuesto see a further breakdown of General Fund revenue sources.
 
Enterprise Funds includethe Parking Fund, Marina Fund, and Cemetery Fund. These funds areused to account for operations that are financed and operated in a mannersimilar to private business enterprises, where the costs of providing servicesto the public is to be recovered primarily through user charges.

Special Revenue Funds includethe Neighborhood Improvement Fund, Gas Tax Fund, Sewer Maintenance Fund,Storm Water Utility Fund, and other special funds for which the revenuesources are regulated by law or ordinance to be utilized for specific purposes.

State and Federal Funds includethe Housing Program revenues, and grants from Federal and State agenciesfor various capital improvement projects. Examples include the CommunityDevelopment Block Grant (CDBG) Fund, Low and Moderate Income Housing Funds,and the Federal Emergency Management Agency (FEMA) Fund.

Internal Services Funds arecomprised of the Vehicle Management Fund, Workers Compensation Fund, EmployeeBenefits Fund, Liability/Property Insurance Fund, and Information ServicesFund.  These funds are utilized for the purpose of providinggoods and services to the various departments within the City.

Trust/Reserves include theLibrary Trust Fund, Tidelands Trust Fund, Sports Center Endowment Fund,Scholze Park/Playground Trust Funds, and Museum Trust Fund.  Reservefunds are comprised of the reserves for capital replacement set aside forthe Sports Center, Wharf 2, and other general facilities.
 
Click on Special Funds Revenue for detailed budget information on revenues from the City's various special funds.

WHERE THE  GOES:

About $54 million of the total expenditures are allocated for operating costs.  Click on Total Operating Expenditures to see a breakdownof how these costs are allocated by program.  For a breakdown on howthese costs are allocated among personnel, supplies, debt, and equipmentcosts, click on Operating Expenditures by Type.

The GeneralFund pays for nearly 70% of the City's operating costs.  Click onGeneral Fund to see a breakdown of General Fundoperating expenditures by program.

Approximately$8.7 million is allocated for the 1998-99 Capital Improvement Program. Click on CIP Funding & Projects for moredetails on the funding sources and projects for the 1998-99 Capital ImprovementProgram budget.

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Rev 11/04/98 J. Splanehttp://www.monterey.org/budget/overview.html