City of La Porte Operating Budgets Summary Report

Browse Search

'I I I I I I I I I I I I I I I I I I I Funding Source - The funding source will be a code that identifies the funding source, or suggested funding source of the project. The following codes will be used: Funding Source General Obligation Bonds Revenue Bonds Operating Surpluses - General Fund Operating Surpluses - Utility Fund State and Federal Grants Public/Private Partnerships Certificates of Participation GOB AB GF UF SG or FG PP COP If a project has multiple funding sources, both codes will be used. For example, a project will be constructed with City General Fund Revenues (Operating Surpluses) and funds from private Citizens, the funding source would be identified as GOB /PP. funded - The initial funded field will be NO. Once the funding has been approved, this field will change to YES. The Capital Improvement Program will continually be comprised of a mix of funded and unfunded projects. Description and Location of Project - The Description and Location of the project will provide a detailed, or in-depth, description of the project being requested as well as the suggested location(s) of the project. Purpose, Justification and Impact on City Operations - The Purpose, Justification and Impact on City Operations will contain a detailed explanation as to the purpose of the project. Justification can be in the form of reference to the City's master plan, committee recommendations (su~ as Visions 89~r required by Federal, State or other regulations. Th6\)1hpact on City~erations includes any cost increases or savings that are expected to result from the completion of the project. Estimated Project Costs - Each project will contain the estimated cost for the City to achieve the objective of the proposed project. Costs will be described in greater detail in the next section. 5