2002-09-09 Regular Meeting and Public Hearing

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e e REQUEST FOR CITY COUNCIL AGENDA ITEM Appropriation Requested By: C nthia lB. Alexander Source of Funds: N/A Department: Finance Account Number: N/A Report: Resolution: XX Ordinance: Amount Budgeted: N/A Exhibits: Amount Requested: N/A Exhibits: Budgeted Item: YES NO Exhibits: SUMMARY & RECOMMENDATION The City Council held budget workshops on August 19 and 20, 2002 to discuss proposed budgets for the fiscal year beginning October 1,2002 and ending September 30,2003. 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. General Fund HotellMotel Occupancy Tax Economic Development La Porte Development Corporation Tax Increment and Reinvestment Zone Utility Sylvan Beach Airport La Porte Area Water Authority Golf Course Motor Pool Computer Fund Employee Health Services General Capital Improvement Utility Capital Improvement Sewer Rehabilitation Capital Improvement Infrastructure Fund I 998 General Obligation Bond Fund 2000 General Obligation Bond Fund 2000 Certificates of Obligation Bond Fund 2002 General Obligation Bond Fund General Debt Service Utility Debt Service La Porte Area Water Authority Debt Service Total of All Funds $ 26,187,582 214,100 400,000 2,609,333 30,500 6,752,241 216,199 51,673 1,115,731 1,196,106 2,20 I ,583 239,527 3,804,858 1,850,250 920,000 672,381 300,000 50,000 975,000 315,730 4,850,000 2,414,046 726,463 783.019 $ 58,876,322 There is no change in the Tax Rate, which has remained constant for the last ten years; nor are there any changes in residential water and sewer rates.