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<br />. <br /> <br />. <br /> <br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Agenda Date Requested: September 8, 2003 <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: Public Hearing Notice <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 18 and 19,2003 to discuss proposed budgets for the fiscal year <br />beginning October 1,2003 and ending September 30,2004. <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 />HoteVMotel 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 />2003 General Obligation Bond Fund <br />General Debt Service <br />Utility Debt Service <br />La Porte Area Water Authority Debt Service <br /> <br />Total of All Funds <br /> <br />$ 25,321,922 <br />224,100 <br />120,000 <br />1,715,000 <br />30,000 <br />6,957,144 <br />213,687 <br />61,173 <br />1,071,024 <br />1,281,456 <br />1,827,746 <br />1,157,693 <br />4,453,443 <br />2,052,977 <br />1,620,000 <br />400,000 <br />125,000 <br />217,291 <br />950,000 <br />120,000 <br />6,300,000 <br />2,189,834 <br />651,292 <br />780.306 <br /> <br />$ 59,841,088 <br /> <br />There is no change in the Tax Rate, which has remained constant for the last eleven years; nor are there any changes <br />in residential water and sewer rates. <br /> <br />Action Required bv Council: <br /> <br />#7 Conduct Public Hearing <br />#8 Adopt Ordinance Approving Fiscal Year 2003-04 Budget. <br /> <br />Approved for City Council Aeenda <br /> <br />oiliJ91W J1cJa~ <br /> <br />Debra B. Feazelle, Ity Manage <br /> <br />tt--d- -D ) <br /> <br />Date <br />