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07-06-09 Special Called Regular Meeting of the La Porte Development Corporation Board of Directors
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07-06-09 Special Called Regular Meeting of the La Porte Development Corporation Board of Directors
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City Meetings
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La Porte Development Board Corporation/Type B
Meeting Doc Type
Minutes
Date
7/6/2009
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<br />City of La POl"te <br />La Porte Development Corporation (038) Fund Summary <br />(Section 4B Sales Tax) <br /> <br />Begblllillg Fund Balance 9/30/08 <br /> <br />4,103,611 <br /> <br />Plus Estimated 08-09 Revenues <br /> <br />Less 08-09 Expenditures and Commitments <br />Debt Payments <br />Economic Development Operations <br />Capital Projectsffransfers <br />Total Expenditures <br /> <br />672,030 <br />387,250 <br />3,004,141 <br /> <br />Estimated FUlld Balance 9/30/09 <br /> <br />Plus 09-10 Revenues: <br /> <br />1/2 Cent Sales Tax <br />Interest Income <br />Total Revenues <br /> <br />1,446,490 <br />30,000 <br /> <br />Equals Total Resources <br /> <br />Less 09-10 Expenditures: <br />Economic Development Operations <br />Debt Service Transfer <br />Capital Projectsffransfers <br /> <br />446,360 <br />664,104 <br />800,000 <br /> <br />Total Expenditures <br /> <br />Ending Fund Balance 9/30/10 <br /> <br />$ <br /> <br />1,542,600 <br /> <br />4,063,421 <br /> <br />1,582,790 <br /> <br />1,476,490 <br /> <br />3,059,280 <br /> <br />1,910,464 <br /> <br />$ <br /> <br />1,148,816 <br /> <br /> Estimated Projected <br /> 2008-09 2009-10 <br />Revenues $ 1,542,600 $ 1,476,490 <br />Expenditures & Commitments 4,063,421 1,910,464 <br />Revenues over Expenditures $ (2,520,821) $ (433,974) <br /> <br />*Debt Sel1>ice Payments for Library, Bay Area Boulevard & Canada Road and Ballfields. <br /> <br />7-53 <br />
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