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<br />La Porte Redevelopment Authority
<br />Tax Increment Reinvestment Zone Number One
<br />City of La Porte
<br />FY 2010- 11 Proposed Budget
<br /> 2009-10 2010-11
<br /> Proposed 2009-10 Proposed
<br /> Budget Estimated Budget
<br />Revenues:
<br />Beginning Fund Balance $ 204,068 $ 496,956 $ 505,982
<br />City Transfer of TIRZ (Previous Years) $ $ $
<br />Estimated TIRZ Revenues $ 1,400,804 $1,928,273 $ 2,000,000
<br />Interest on City TIRZ Funds $ 2,500 $ 771 $ 750
<br />Estimated TIRZ Developer Advances $ $ $
<br />Sylvan Beach Restoration Project $1,300,000
<br />Lakes of Fairmont Greens $ $ $
<br />Retreat at Bay Forest $ $ $
<br />Port Crossing $ $ $
<br />Total Revenues $ 1,607,373 $ 3,726,000 $ 2,506,732
<br />TIRZ M&O Expenses:
<br />Administration and Project Management $ 42,000 $ 34,000 $ 42,000
<br />Legal $ 5,000 $ $ 1,000
<br />Agreed Upon Procedures Reports $ 7,500 $ 5,000 $ 5,000
<br />Annual Audit $ 9,000 $ 3,150 $ 3,500
<br />Operating Expenses $ 3,000 $ 707 $ 1,750
<br />Bank Expenses $ 60 $ $
<br />City Loan Repayment $ $ $
<br />Total Expenses $ 66,560 $ 42,857 $ 53,250
<br />Transfers
<br />City Administration $ 44,965 $ 64,229 $ 66,000
<br />Educational Facilities $ 244,264 $ 386,152 $ 400,000
<br />Total Transfers $ 289,229 $ 450,381 $ 466,000
<br />Capital Improvements
<br />City CIP Trunk Line Project $ $ $
<br />TI RZ Developer Projects
<br />Sylvan Beach Restoration Project $ 1,300,000
<br />Lakes of Fairmont Greens $ $ 71,083 $
<br />Retreat at Bay Forest
<br />Port Crossing $1,058,177 $ 1,355,697 $ 1,400,000
<br /> $1,058,177 $ 2,726,780 $ 1,400,000
<br />Ending Fund Balance $ 193,407 $ 505,982 $ 587,482
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