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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM
<br />
<br />Agenda Date Requested: November 12, 2007
<br />
<br />Requested By: Michael Dolby p-.
<br />Department: Finance
<br />
<br />Report:
<br />
<br />Resolution:
<br />
<br />Ordinance:
<br />
<br />xx
<br />
<br />Exhibits: Ordinance 2007-3024-C
<br />
<br />Exhibits: Excerpt from FY 2008 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 />Budgeted Item: YES
<br />
<br />NO
<br />
<br />Exhibits: Explanations I Backup for Amendment
<br />
<br />SUMMARY & RECOMMENDATION
<br />
<br />The City Council adopted the Fiscal Year 2007-08 Budget on August 27,2007.
<br />
<br />The Summary of Funds, which is shown below, represents the amendments which council previously approved to
<br />the FY 2007-08 Budget. (*denotes funds with current changes)
<br />
<br />General Fund
<br />Grant Fund
<br />Street Maintenance Sales Tax Fund
<br />Community Investment
<br />Hotel/Motel Occupancy Tax
<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 />2000 General Obligation Bond Fund
<br />2005 Certificate of Obligation Bond Fund
<br />2006 General Obligation Bond Fund
<br />2007 Certificate of Obligation Bond Fund
<br />Transportation & Other Infrastructure 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 />$ 30,010,812
<br />1,036,356
<br />1,004,178
<br />233,120
<br />556,540
<br />971,565
<br />1,600,185
<br />8,038,354
<br />274,158
<br />23,396
<br />1,717,760
<br />1,304,138
<br />1,529,323
<br />4,881,080
<br />
<br />1,211,065
<br />955,000
<br />935,000
<br />350,000
<br />54,465
<br />60,000
<br />49,478
<br />305,261
<br />200,000
<br />3,477,278
<br />479,105
<br />758,531
<br />$ 62,016,148
<br />
<br />$ 30,043,016
<br />1,036,356
<br />1,004,178
<br />233,120
<br />556,540
<br />971,565
<br />1,600,185
<br />8,038,354
<br />274,158
<br />23,396
<br />1,717,760
<br />1,304,138
<br />1,756,727
<br />4,881,080
<br />1,211,065
<br />955,000
<br />935,000
<br />350,000
<br />54,465
<br />60,000
<br />49,478
<br />305,261
<br />200,000
<br />3,477,278
<br />479,105
<br />758,531
<br />$ 62,275,756
<br />
<br />Proposed
<br />Amended Budget
<br />
<br />$ 30,043,016
<br />1,053,296 *
<br />1,004,178
<br />233,120
<br />556,540
<br />971,565
<br />1,600,185
<br />8,038,354
<br />274,158
<br />23,396
<br />1,717,760
<br />1,304,138
<br />1,756,727
<br />4,881,080
<br />1,221,865 *
<br />971,538 *
<br />935,000
<br />350,000
<br />54,465
<br />60,000
<br />49,478
<br />305,261
<br />200,000
<br />3,477,278
<br />479,105
<br />758,531
<br />$ 62,320,034
<br />
<br />Action Required bv Council:
<br />Adopt Ordinance Amending Fiscal Year 2007 -08 Budget for:
<br />
<br />A. $15,940 in the Grant Fund for the Brookglen Park fence project. The funds will come from the Park Zone
<br />#1 Reserve Account. The Park Zone #1 Reserve Account currently has a balance of$37,854.05.
<br />B. $1,000 in the Grant fund for use of the Municipal Court Technology Funds for the Harris County JIMS
<br />(SETCIC). The balance in the Technology Reserve account is $73,724.32.
<br />C. $10,800 in the Technology Fund for a three (3) year service agreement with AT&T to provide internet
<br />service.
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