1996-09-23 Public Hearing and Regular Meeting

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REQ!T FOR CITY COUNCIL AGENDA IT. AGENDA DATE September 23. 1996 REQUESTED BY Jeff Litchfield. Finance Director/ACM _ REPORT; _ RESOLUTION; XX ORDINANCE; The City Council held budget workshops on August 27,28, and 29, 1996 to discuss proposed budgets for the fiscal year beginning October 1, 1996 and ending September 30, 1997. The Summary of Funds, which is shown below, represents the result of the workshops held with City Council. All changes made by Council were incorporated into the various budgets. Total of All Funds 20,716,200 103,000 100,000 6,179,885 148,741 46,687 1,547,378 1,362,671 1,377,580 183,600 1,374,000 651,000 350,000 2,212,280 796,603 822,123 37,971,748 General Fund Hotel/Motel Occupancy Tax Economic Development Utility Sylvan Beach Airport La Porte Area Water Authority Golf Course Motor Pool Computer Fund General Capital Improvement Utility Capital Improvement Sewer Rehabilitation Capital Improvement General Debt Service Utility Debt Service La Porte Area Water Authority Debt Service In addition to these budgets, a one time transfer of $1 ,500,000 will be made on October 1, 1996 to a newly created Transportation Fund. There are no budgeted expenditures from the new fund for the fiscal year. The only rate increase in the proposed budget involves rates at the Bay Forest Golf Course, where rates will increase approximately one dollar per round. All other rates, including tax and utility rates, will remain the same as they are in the current year. ACTION REQUIRED BY COUNCIL: Adopt Ordinance Approving Fiscal Year 1996-97 Budget FUND N/A ACCT NUM: N/A FUNDS AVAILABLE: N/A 'f /J B / f I. ~ R