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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM
<br />
<br />Agenda Date Requested: October 25,2010
<br />
<br />Requested By: Michael Dolby, CPA
<br />
<br />Department: Finance
<br />
<br />Report:
<br />
<br />Resolution:
<br />
<br />Ordinance:
<br />
<br />xx
<br />
<br />Exhibits: Ordinance
<br />
<br />Exhibits: Excerpt from FY 2011 Adopted Budget
<br />& Amended Budget (Exhibit A & B)
<br />
<br />Exhibits: Explanations / Backup for Amendment
<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 />SUMMARY & RECOMMENDATION
<br />
<br />The City Council adopted the Fiscal Year 2010-11 Budget on September 13,2010.
<br />
<br />The Summary of Funds, which is shown below, represents the amendments which council previously approved to
<br />the FY 2010-11 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 />Airport
<br />La Porte Area Water Authority
<br />Motor Pool
<br />Insurance Fund
<br />Technology Fund
<br />General Capital Improvement
<br />Utility Capital Improvement
<br />Sewer Rehabilitation Capital Improvement
<br />Drainage Improvement Fund
<br />2004 Certificates of Obligation Bond Fund
<br />2007 Certificates 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 />Original Budget
<br />
<br />$36,721,763
<br />831,499
<br />700,000
<br />351,000
<br />373,519
<br />1,215,599
<br />1,919,250
<br />7,885,956
<br />22,068
<br />1,040,920
<br />3,043,748
<br />4,903,465
<br />o
<br />2,388,442
<br />1,020,000
<br />345,000
<br />270,000
<br />550,000
<br />647,184
<br />330,000
<br />3,516,576
<br />3 I 6,496
<br />689,488
<br />$69,081,973
<br />
<br />Previously
<br />Amended Budget
<br />
<br />$36,721,763
<br />865,999
<br />700,000
<br />351,000
<br />373,519
<br />1,215,599
<br />1,919,250
<br />7,885,956
<br />22,068
<br />1,040,920
<br />3,043,748
<br />4,903,465
<br />o
<br />2,388,442
<br />1,020,000
<br />345,000
<br />270,000
<br />550,000
<br />647,184
<br />330,000
<br />3,516,576
<br />316,496
<br />689,488
<br />$69,116,473
<br />
<br />Proposed
<br />Amended Budget
<br />
<br />$36,731,763 *
<br />878,724 *
<br />700,000
<br />351,000
<br />373,519
<br />1,215,599
<br />1,919,250
<br />7,885,956
<br />22,068
<br />1,040,920
<br />3,043,748
<br />4,903,465
<br />o
<br />2,388,442
<br />1,020,000
<br />345,000
<br />270,000
<br />550,000
<br />647,184
<br />330,000
<br />3,516,576
<br />316,496
<br />689,488
<br />$69,139,198
<br />
<br />Action Required bv Council:
<br />
<br />Adopt Ordinance Amending Fiscal Year 2010-11 Budget for the following:
<br />A. $3,525 in the Grant Fund for audio equipment at the Senior Center. The funding comes from an account
<br />with Waldell & Reed that was set up by a donation to the La Porte Senior Center for expenditures at the
<br />Senior Center.
<br />B. $10,000 in the General Fund for security cameras at Sylvan Beach. This increase will be offset by pier
<br />collections that have been held in an escrow account.
<br />C. $9,200 in the Grant Fund to purchase power cables for a generator. The grant was initially awarded back in
<br />2008/2009. The generator was purchased that year; however, a $9,200 balance remains from the award and
<br />will be used for the power cables.
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