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La Porte Redevelopment Authority
<br />Tax Increment Reinvestment Zone Number One
<br />City of La Porte
<br />FY 2012-13 Proposed Budget
<br />2011-12
<br />2012-13
<br />Approved
<br />2011-12
<br />Proposed
<br />Budget
<br />Estimated
<br />Budget
<br />Revenues:
<br />Beginning Fund Balance
<br />$ 295,199
<br />$1,019,066
<br />$1,105,354
<br />City Transfer of TIRZ (Previous Years)
<br />$ -
<br />$ -
<br />$ -
<br />EstimatedTlRZRevenues
<br />$1,900,000
<br />$1,873,386
<br />$1,633,548
<br />Interest on City TIRZ Funds
<br />$ 1,000
<br />$ 638
<br />$ 500
<br />Estimated TIRZ Developer Advances
<br />$ -
<br />$ -
<br />$ -
<br />Sylvan Beach Restoration Project
<br />$ -
<br />Lakes of Fairmont Greens
<br />$ -
<br />$ -
<br />$ -
<br />Retreat at Bay Forest
<br />$ -
<br />$ -
<br />$ -
<br />Port Crossing
<br />$ -
<br />$ -
<br />$ -
<br />Total Revenues
<br />$2,196,199
<br />$2,893,089
<br />$2,739,402
<br />TIRZ M&O Expenses:
<br />Administration and Project Management
<br />$
<br />32,000
<br />$
<br />27,000
<br />$
<br />30,000
<br />Legal
<br />$
<br />1,000
<br />$
<br />-
<br />$
<br />1,000
<br />Agreed Upon Procedures Reports
<br />$
<br />-
<br />$
<br />-
<br />$
<br />3,000
<br />Annual Audit
<br />$
<br />3,200
<br />$
<br />4,000
<br />$
<br />4,000
<br />Operating Expenses
<br />$
<br />750
<br />$
<br />1,449
<br />$
<br />750
<br />Bank Expenses
<br />$
<br />-
<br />$
<br />62
<br />$
<br />60
<br />City Loan Repayment
<br />$
<br />-
<br />$
<br />-
<br />$
<br />-
<br />Total Expenses
<br />$
<br />36,950
<br />$
<br />32,511
<br />$
<br />38,810
<br />Transfers
<br />City Administration
<br />$
<br />66,000
<br />$
<br />85,093
<br />$
<br />70,898
<br />Educational Facilities
<br />$
<br />395,000
<br />$
<br />392,683
<br />$
<br />342,871
<br />Total Transfers
<br />$
<br />461,000
<br />$
<br />477,776
<br />$
<br />413,769
<br />Capital Improvements
<br />City CIP Trunk Line Project
<br />$ -
<br />$ 121,029
<br />$ 130,500
<br />TIRZ Developer Projects
<br />$ 800,000
<br />Sylvan Beach Restoration Project
<br />$ 30,499
<br />$ 30,500
<br />Lakes of Fairmont Greens
<br />$ -
<br />Retreat at Bay Forest
<br />Port Crossing
<br />$1,205,754
<br />$1,125,919
<br />$1,200,000
<br />$1,205,754
<br />$1,277,448
<br />$2,161,000
<br />Ending Fund Balance
<br />$ 492,496
<br />$1,105,354
<br />$ 125,823
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