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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM
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<br />Agenda Date Requested: January 22, 2007
<br />Requested By: Michael Dolby ~
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<br />Appropriation
<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: Ordinance 2006-2918-C
<br />
<br />Amount Requested: N/A
<br />
<br />Exhibits: Excerpt from FY 2007 Adopted Budget
<br />& Amended Budget (Exhibit A & B)
<br />
<br />Budgeted Item: YES NO
<br />
<br />Exhibits: Explanations / Backup for Amendments
<br />
<br />SUMMARY & RECOMMENDATION
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<br />The City Council adopted the Fiscal Year 2006-07 Budget on September 11, 2006.
<br />
<br />The Summary of Funds, which is shown below, represents the amendments which council previously approved to
<br />the FY 2006-07 Budget. (*denotes funds with current changes)
<br />
<br /> Previously Proposed
<br /> Original Budget Amended Budget Amended Budget
<br />General Fund $ 28,245.299 $ 28,463,598 $ 28,463,598
<br />Grant Fund 347,491 780,077 780,077
<br />HoteVMotel Occupancy Tax 454,346 468,707 470,916 *
<br />Community Investment 138,000 156,500 156,500
<br />La Porte Development Corporation 832,180 907,180 907,180
<br />Tax Increment Reinvestment Zone 36,720 36,720 36,720
<br />Utility 6,798,512 6,799,112 6,853,636 *
<br />Sylvan Beach 208,360 208,360 211,897 *
<br />Airport 190,248 190,248 190,248
<br />La Porte Area Water Authority 1,631,110 1,631,110 1,631,110
<br />Golf Course 1,193,500 1,193,500 1,213,779 *
<br />Motor Pool 1,457,154 1,457,154 1,474,557 *
<br />Insurance Fund 4,376,091 4,376,091 4,379,091 *
<br />Technology Fund 1,289,149 1,293,949 1,301,700 *
<br />General Capital Improvement 402,950 448.304 448,304
<br />Utility Capital Improvement 1,230,000 1,244,337 1,244,337
<br />Sewer Rehabilitation Capital Improvement 330,000 330,000 330,000
<br />1998 General Obligation Bond Fund 6,000 6,000 6,000
<br />2000 General Obligation Bond Fund 170.000 170,000 170,000
<br />2005 Certificate of Obligation Bond Fund 675,000 675,000 675,000
<br />2005 General Obligation Bond Fund 459,400 459,400 459,400
<br />2006 Certificate of Obligation Bond Fund 260,000 390,000 390,000
<br />General Debt Service 2,798,294 2,798,294 2,798,294
<br />Utility Debt Service 494,328 494,328 494,328
<br />La Porte Area Water Authority Debt Service 760,700 760,700 760,700
<br />Total of All Funds $ 54,784,832 $ 55,738,669 $ 55,847,372
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<br />Action Required bv Council:
<br />
<br />Adopt Ordinance Amending Fiscal Year 2006-07 Budget for $108,703 for implementation of the 3.25% across the
<br />board increase for employees,
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<br />Date
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