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REQUEST FOR CITY COUNCIL AGENDA ITEM
<br /> Agenda Date Requested: December 12, 2011 Appropriation
<br /> Requested By: Michael Dolby, CPA Source of Funds: N/A
<br /> Department: Finance Account Number: N/A
<br /> Report: Resolution: Ordinance: XX Amount Budgeted: N/A
<br /> Exhibits: Ordinance Amount Requested: N/A
<br /> Exhibits: Excerpt from FY 2012 Adopted Budget Budgeted Item: YES NO
<br /> & Amended Budget (Exhibit A & B)
<br /> Exhibits: Explanations / Backup for Amendment
<br /> SUMMARY & RECOMMENDATION
<br /> The City Council adopted the Fiscal Year 2011 -12 Budget on September 12, 2011.
<br /> The Summary of Funds, which is shown below, represents the amendments which council previously approved to
<br /> the FY 2011 -12 Budget. ( *denotes funds with current changes)
<br /> Previously Proposed
<br /> Original Budget Amended Budget Amended Budget
<br /> General Fund $35,992,372 $35,992,372 $36,024,872 *
<br /> Grant Fund 580,442 580,442 580,442
<br /> Street Maintenance Sales Tax Fund 1,050,000 1,050,000 1,050,000
<br /> Emergency Services District Sales Tax Fund 705,000 705,000 705,000
<br /> • Community Investment 229,000 229,000 229,000
<br /> • Hotel/Motel Occupancy Tax 353,742 353,742 377,742 *
<br /> Economic Development Corporation 1,806,710 1,806,710 1,806,710
<br /> Tax Increment Reinvestment Zone 1,703,704 1,703,704 1,703,704
<br /> Utility 7,761,033 7,761,033 7,761,033
<br /> Airport 133,779 133,779 133,779
<br /> La Porte Area Water Authority 1,136,507 1,136,507 1,136,507
<br /> Motor Pool 2,658,182 2,658,182 2,658,182
<br /> Insurance Fund 5,334,634 5,334,634 5,334,634
<br /> General Capital Improvement 3,251,020 3,251,020 3,251,020
<br /> Utility Capital Improvement 931,447 931,447 931,447
<br /> Sewer Rehabilitation Capital Improvement 350,000 350,000 350,000
<br /> Drainage Improvement Fund 195,000 195,000 195,000
<br /> 2005 Certificates of Obligation Bond Fund 67,553 67,553 67,553
<br /> 2007 Certificates of Obligation Bond Fund 408,133 408,133 408,133
<br /> 2010 Certificates of Obligation Bond Fund 174,000 174,000 174,000
<br /> General Debt Service 3,746,270 3,746,270 3,746,270
<br /> Utility Debt Service 306,679 306,679 306,679
<br /> La Porte Area Water Authority Debt Service 693,150 693,150 693,150
<br /> Total of All Funds $69,568,357 $69,568,357 $69,624,857
<br /> Action Required by Council:
<br /> Adopt Ordinance Amending Fiscal Year 2011 -12 Budget for:
<br /> A. $2,500 in the General Fund for modifications to the Sylvan Beach Pier. Monies will
<br /> come from the escrow account set up for the pier.
<br /> B. $30,000 in the General Fund legal division for court reporting and legal fees regarding an
<br /> appeal case with the police department.
<br /> C. $24,000 in the Hotel/Motel Fund for Sylvan Beach Depot Museum railcar repairs.
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