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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM
<br />
<br />Agenda Date Requested: May 21, 2007
<br />Requested By: Michael Dolby r
<br />
<br />Department: Finance
<br />
<br />Report:
<br />
<br />Resolution:
<br />
<br />Ordinance:
<br />
<br />xx
<br />
<br />Exhibits: Ordinance 2006-2918-F
<br />
<br />Budgeted Item: YES NO
<br />
<br />Exhibits: Excerpt from FY 2007 Adopted Budget
<br />& Amended Budget (Exhibit A & B)
<br />
<br />Source of Funds: N/A
<br />
<br />Appropriation
<br />
<br />Account Number: N/A
<br />
<br />Amount Budgeted: N/A
<br />
<br />Amount Requested: N/A
<br />
<br />Exhibits: Explanations / Backup for Amendment
<br />
<br />SUMMARY & RECOMMENDATION
<br />
<br />The City Council adopted the Fiscal Year 2006-07 Budget on September II, 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 />General Fund
<br />Grant Fund
<br />Street Maintenance Sales Tax Fund
<br />HoteUMotel 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 />Insurance Fund
<br />Technology Fund
<br />General Capital Improvement
<br />Utility Capital Improvement
<br />Sewer Rehabilitation Capital Improvement
<br />1998 General Obligation Bond Fund
<br />2000 General Obligation Bond Fund
<br />2005 Certificate of Obligation Bond Fund
<br />2005 General Obligation Bond Fund
<br />2006 Certificate of 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 />Previously
<br />Original Budget Amended Budget
<br />
<br />$ 28,245,299
<br />347,491
<br />o
<br />454,346
<br />138,000
<br />832,180
<br />36,720
<br />6,798,512
<br />208,360
<br />190,248
<br />1,631,110
<br />1,193,500
<br />1,457,154
<br />4,376,091
<br />1,289,149
<br />402,950
<br />1,230,000
<br />330,000
<br />6,000
<br />170,000
<br />675,000
<br />459,400
<br />260,000
<br />2,798,294
<br />494,328
<br />760,700
<br />$ 54,784,832
<br />
<br />$ 28,463,598
<br />863,027
<br />o
<br />470,916
<br />156,500
<br />907,180
<br />36,720
<br />6,853,636
<br />211 ,897
<br />190,248
<br />1,631,110
<br />1,213,779
<br />1,474,557
<br />4,379,091
<br />1,301,700
<br />448,304
<br />1,244,337
<br />330,000
<br />6,000
<br />170,000
<br />675,000
<br />459,400
<br />390,000
<br />2,798,294
<br />494,328
<br />760,700
<br />$ 55,930,322
<br />
<br />Proposed
<br />Amended Budget
<br />
<br />$ 28,963,598 *
<br />863,027
<br />$600,000 *
<br />470,916
<br />656,500 *
<br />1,157,180 *
<br />36,720
<br />6,853,636
<br />211,897
<br />190,248
<br />1,631,110
<br />1,213,779
<br />1,474,557
<br />4,464,091l1
<br />1,301,700
<br />448,304
<br />1,244,337
<br />330,000
<br />6,000
<br />170,000
<br />675,000
<br />459,400
<br />390,000
<br />2,798,294
<br />494,328
<br />760,700
<br />$ 57,865,322
<br />
<br />Action Required bv Council:
<br />A. Adopt Ordinance Amending Fiscal Year 2006-07 Budget for:
<br />
<br />I) General Fund by $500,000 for a transfer to the Community Investment Fund for the purchase of
<br />the Mainstreet Building. Additionally, amend the Community Investment Fund for the building
<br />purchase.
<br />2) Street Maintenance Sales Tax Fund - Set up the fund with $600,000 budget. $353,965 has been
<br />received year to date from the Street Maintenance Sales Tax. The additional $250,000 will come
<br />from the 4B Sales Tax Funds and will be paid back each month when sales tax monies are
<br />received.
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