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<br />e <br /> <br />. <br /> <br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Agenda Date Requested: AU2ust 23, 2004 <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 <br /> <br />Report: <br /> <br />Resolution: <br /> <br />Ordinance: <br /> <br />xx <br /> <br />Amount Budgeted: N/A <br /> <br />Exhibits: <br /> <br />Public Hearing Notice <br /> <br />tlJ.~ <br /> <br />Amount Requested: N/A <br /> <br />Exhibits: <br /> <br />Budgeted Item: YES NO <br /> <br />Exhibits: <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />The City Council held budget workshops on August 9 through August 18, 2004 to discuss proposed budgets for the <br />fiscal year beginning October 1,2004 and ending September 30,2005. <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 />Hotel/Motel 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 />Technology Fund <br />Insurance 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 />General Debt Service <br />Utility Debt Service <br />La Porte Area Water Authority Debt Service <br />Total of All Funds <br /> <br />$ 25,397,585 <br />206,871 <br />296,000 <br />120,000 <br />280,050 <br />33,000 <br />7,083,190 <br />248,491 <br />71,080 <br />1,012,940 <br />1,171,206 <br />1,989,806 <br />4,345,783 <br />988,087 <br />405,296 <br />1,345,000 <br />350,000 <br />o <br />151,953 <br />165,000 <br />o <br />1,951,586 <br />608,162 <br />771,588 <br />$ 48,992,674 <br /> <br />There is no change in the Tax Rate, which has remained constant for the last sixteen years; nor are there any changes <br />in residential water and sewer rates. <br /> <br />Action Reauired bv Council: <br /> <br />#7 Conduct Public Hearing <br />#8 Please adopt Ordinance approving Fiscal Year 2004-05 Proposed Budget with the following adjustments to <br />General Fund. It includes adjustments to other operating funds for merit and motor pool only. Capital Projects <br />funds that were reduced and HotellMotel Funding of Downtown Program. <br /> <br />A~grnVoor:~.~~ <br /> <br />Deb~azelle, City ...ger <br /> <br />~-JiJ -Df <br /> <br />Date <br />