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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM
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<br />Agenda Date Requested: June 12, 2006
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<br />Appropriation
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<br />Requested By: Cynthia B. Alexander
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<br />Source of Funds: N/A
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<br />Department: Finance
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<br />Account Number: N/A
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<br />Report:
<br />
<br />Resolution:
<br />
<br />Ordinance:
<br />
<br />x
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<br />Amount Budgeted: N/A
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<br />Exhibits:
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<br />Amount Requested: N/A
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<br />Exhibits:
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<br />Budgeted Item: YES
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<br />NO
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<br />Exhibits:
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<br />SUMMARY & RECOMMENDATION
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<br />::FIef'll D pl1lre 0
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<br />The City Council adopted the Fiscal Year 2005-06 Budget on August 22, 2005.
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<br />The Summary of Funds, which is shown below, represents the amendments which council previously approved to
<br />the FY 2005-06 Budget. (*denotes funds with current changes)
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<br /> Previously Proposed
<br /> Original Budget Amended Budget Amended Budget
<br />General Fund 25,987,077 26,756,553 26,797,153 *
<br />Grant Fund 2,793,931 2,936,882 3,018,120 *
<br />Hotel/Motel Occupancy Tax 334,280 472,143 472,135 *
<br />Community Investment 190,000 190,000 190,000
<br />La Porte Development Corporation 740,060 740,060 740,060
<br />Tax Increment Reinvestment Zone 36,000 36,000 36,000
<br />Utility 6,774,071 6,811,224 6,811 ,224
<br />Sylvan Beach 208,683 216,881 216,881
<br />Airport 241,443 241,443 241,443
<br />La Porte Area Water Authority 1,693,956 1,693,956 1,693,956
<br />Golf Course 1,240,740 1,241,835 1,241,835
<br />Motor Pool 1,661,304 2,455,900 2,455,900
<br />Insurance Fund 4,017,103 4,017,103 4,017,103
<br />Technology Fund 956,611 958,068 958,068
<br />General Capital Improvement 433,500 459,485 488,885 *
<br />Utility Capital Improvement 715,000 732,950 3,357,950 *
<br />Sewer Rehabilitation Capital Improvement 330,000 330,000 330,000
<br />Infrastructure Fund 705,000 705,000 705,000
<br />1998 General Obligation Bond Fund 1,207,639 1,207,639 1,207,639
<br />2000 General Obligation Bond Fund 1,160,000 1,660,000 1,660,000 *
<br />2002 General Obligation Bond Fund 732,789 732,789 732,789
<br />2004 Certificate of Obligation Bond Fund 10,000 10,000 10,000
<br />2005 Certificate of Obligation Bond Fund 1,800,000 1,800,000 1,800,000
<br />2005 General Obligation Bond Fund 7,700,000 7,700,000 10,500,000 *
<br />2006 Certificate of Obligation Bond Fund 5,800,000 *
<br />2006 General Obligation Bond Fund 1,200,000 *
<br />General Debt Service 2,190,671 2,190,671 2,190,671
<br />Utility Debt Service 381,712 381,712 381,712
<br />La Porte Area Water Authority Debt Service 771,719 771,719 771,719
<br />Total of All Funds $ 65,013,289 $ 67,450,013 $ 80,026,243
<br />Action Required bv Council:
<br />Adopt Ordinance Amending Fiscal Year 2005-06 Budget for:
<br />A. $42,977 in the Grant Fund for a Vulnerability Reduction Purchasing Plan Grant from the US
<br /> Department of Homeland Security
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