O-2005-2836 - Laserfiche WebLink

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e e City of La Porte Interoffice Memorandum TO: Mayor and Council ~ FROM: Debra Brooks Feazelle, City Manager THRU: Cynthia Alexander, Assistant City Manage~ DATE: August 17, 2005 SUBJECT: Fiscal Year 2006 Proposed Budget On Monday, August 220d Council will be voting on approval of the Fiscal Year 2006 Proposed Budget. Attached is the agenda item summarizing each fund. The total amount of all funds equals $64,908,289. Below are highlights of what is included in the FY 2006 Proposed Budget. I. In the General Fund, garbage bags are still budgeted at 2 bags. If Council would like to increase that number to 4 bags, $106,000 would have to be added to the Residential Solid Waste budget. 2. Staff originally estimated the at least $25,000 would have to be added to the General Fund budget for lot clearing. Staff is still researching this to accurately quantify the original estimate; therefore, the General Fund budget does not reflect any additional funds for lot clearing at this time. 3. Staff is recommending that the Senior Discount for Water Bills be increased from $1 to $2. 4. Sales taxes in the General Fund have been increased by $30,402 for the current year and $35,000 for Fiscal Year 2006 budget. The increase for FY 2006 could cover the additional costs of lot clearing. 5. The General Fund proposed budget was amended for the Municipal Court division to account for the Judge's request that the City Marshal be full-time. This resulted in a $10,502 increase for both the revenues and expenditures. 6. Attached is the Decision Information for the City Council Reserves. The 2 projects that had been mentioned by Council (Spenwick and the Lomax Rodeo Arena Roof) have not been included at this time; however, if Council wishes to include these projects, the available reserves would be reduced to approximately $360,184. 7. The $88,393 for Mainstreet Projects will now be shown on the Hotel/Motel Fund Summary as a reserve. 8. Based on the latest recommendation from the SafetylLoss Prevention Coordinator, the Liability/Risk Budget in the Insurance Fund will be reduced by $7,855. 9. After reviewing the numbers from the Reimbursement for Canada Road expenditures to the General CIP Fund, $50,000 can be added to the General Fund CIP Budget for Sidewalk Replacement (this number is not yet reflected on the agenda item). Please call should you have any questions.