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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM
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<br />Agenda Date Requested: AU2ust 22, 2005
<br />
<br />Appropriation
<br />
<br />Requested By: Cynthia B. Alexander
<br />
<br />Source of Funds: N/A
<br />
<br />Department: Finance
<br />
<br />Account Number: N/A
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<br />Report:
<br />
<br />Resolution:
<br />
<br />Ordinance:
<br />
<br />xx
<br />
<br />Amount Budgeted: N/A
<br />
<br />Exhibits: Public Hearing Notice
<br />
<br />Amount Requested: N/A
<br />
<br />Exhibits:
<br />
<br />Budgeted Item: YES NO
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<br />Exhibits:
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<br />SUMMARY & RECOMMENDATION
<br />
<br />The City Council held budget workshops on August 8 through August II, 2004 to discuss proposed budgets for the
<br />fiscal year beginning October I, 2005 and ending September 30, 2006.
<br />
<br />The Summary of Funds, which is shown below, represents the result of the workshops held with City Council. All
<br />changes made by Council were incorporated into the various budgets.
<br />
<br />General Fund
<br />Grant Fund
<br />HotellMotel Occupancy Tax
<br />Community Investment
<br />La Porte Development Corporation
<br />Tax Increment Reinvestment Zone
<br />Utility
<br />Sylvan Beach
<br />Airport
<br />La Porte Area Water Authority
<br />Golf Course
<br />Motor Pool
<br />Insurance Fund
<br />Technology Fund
<br />General Capital Improvement
<br />Utility Capital Improvement
<br />Sewer Rehabilitation Capital Improvement
<br />Infrastructure Fund
<br />1998 General Obligation Bond Fund
<br />2000 General Obligation Bond Fund
<br />2002 General Obligation Bond Fund
<br />2004 Certificate of Obligation Bond Fund
<br />2005 General Obligation Bond Fund
<br />2005 Certificate of Obligation Bond Fund
<br />General Debt Service
<br />Utility Debt Service
<br />La Porte Area Water Authority Debt Service
<br />Total of All Funds
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<br />525,987,077
<br />2,793,931
<br />334,280
<br />190,000
<br />740,060
<br />36,000
<br />6,774,071
<br />208,683
<br />241,443
<br />1,693,956
<br />1,240,740
<br />1,661,304
<br />4,017,103
<br />956,611
<br />433,500
<br />715,000
<br />330,000
<br />705,000
<br />1,207,639
<br />1,160,000
<br />732,789
<br />10,000
<br />7,700,000
<br />1,800,000
<br />2,190,671
<br />381,712
<br />771,719
<br />565,013,289
<br />
<br />There is no change in the Tax Rate, which has remained constant for the last seventeen years.
<br />
<br />Action Required bv Council:
<br />
<br />#7 Conduct Public Hearing
<br />#8 Please adopt Ordinance approving Fiscal Year 2005-06 Proposed Budget.
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