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<br />REQUEST FOR CITY COUNCIL AGENDA ITEM
<br />
<br />Agenda Date Requested: February 14, 2011
<br />
<br />Requested By: Michael Dolby, CPA
<br />
<br />Department: Finance
<br />
<br />Appropriation
<br />
<br />Source of Funds: N/ A
<br />
<br />Report:
<br />
<br />Resolution:
<br />
<br />Ordinance:
<br />
<br />Account Number: N/A
<br />
<br />xx
<br />
<br />Amount Budgeted: N/A
<br />
<br />Exhibits: Ordinance
<br />
<br />Amount Requested: N/A
<br />
<br />Exhibits: Excerpt from FY 2011 Adopted Budget
<br />& Amended Budget (Exhibit A & B)
<br />
<br />Exhibits: Explanations / Backup for Amendment
<br />
<br />Budgeted Item: YES
<br />
<br />NO
<br />
<br />SUMMARY & RECOMMENDATION
<br />
<br />The City Council adopted the Fiscal Year 2010-11 Budget on September 13, 2010.
<br />
<br />The Summary of Funds, which is shown below, represents the amendments which council previously approved to
<br />the FY 2010-11 Budget. (*denotes funds with current changes)
<br />
<br />General Fund
<br />Grant Fund
<br />Street Maintenance Sales Tax Fund
<br />Community Investment
<br />Hotel/Motel Occupancy Tax
<br />La Porte Development Corporation
<br />Tax Increment Reinvestment Zone
<br />Utility
<br />Airport
<br />La Porte Area Water Authority
<br />Motor Pool
<br />Insurance Fund
<br />Technology Fund
<br />General Capital Improvement
<br />Utility Capital Improvement
<br />Sewer Rehabilitation Capital Improvement
<br />Drainage Improvement Fund
<br />2004 Certificates of Obligation Bond Fund
<br />2006 General Obligation Bond Fund
<br />2007 Certificates of Obligation Bond Fund
<br />Transportation & Other Infrastructure Fund
<br />General Debt Service
<br />Utility Debt Service
<br />La Porte Area Water Authority Debt Service
<br />Total of All Funds
<br />
<br />Original Budget
<br />
<br />$36,721,763
<br />831,499
<br />700,000
<br />351,000
<br />373,519
<br />1,215,599
<br />1,919,250
<br />7,885,956
<br />22,068
<br />1,040,920
<br />3,043,748
<br />4,903,465
<br />o
<br />2,388,442
<br />1,020,000
<br />345,000
<br />270,000
<br />550,000
<br />o
<br />647,184
<br />330,000
<br />3,516,576
<br />316,496
<br />689,488
<br />$69,081,973
<br />
<br />Previously
<br />Amended Budget
<br />
<br />$36,851,239
<br />936,724
<br />1,400,000
<br />383,003
<br />375,519
<br />1,220,993
<br />1,919,250
<br />7,888,392
<br />22,068
<br />1,040,920
<br />3,060,758
<br />4,903,465
<br />o
<br />2,388,442
<br />1,020,000
<br />345,000
<br />270,000
<br />550,000
<br />o
<br />647,184
<br />330,000
<br />3,516,576
<br />3] 6,496
<br />689,488
<br />$70,075,517
<br />
<br />Proposed
<br />Amended Budget
<br />
<br />$36,855,148 *
<br />1,009,210 *
<br />1,400,000
<br />383,003
<br />375,519
<br />1,220,993
<br />1,919,250
<br />7,888,392
<br />22,068
<br />1,040,920
<br />3,060,758
<br />4,903,465
<br />o
<br />2,388,442
<br />1,020,000
<br />345,000
<br />270,000
<br />550,000
<br />35,615 *
<br />647,] 84
<br />330,000
<br />3,516,576
<br />316,496
<br />689,488
<br />$70,187,527
<br />
<br />Action Required bv Council:
<br />
<br />Adopt Ordinance Amending Fiscal Year 2010-11 Budget for the following:
<br />A. $3,909 in the General Fund for fire marshal training. The increase will be offset by LEaSE funds that have
<br />been held in an escrow account.
<br />B. $3,406 in the Grant Fund for LEaSE funds for the police department to be used for training. The increase
<br />will be offset by LEaSE funds that have been held in a reserve account.
<br />C. $35,615 in the 2006 General Obligation Bond Fund (048) to move funds obtained from the sale of excess
<br />detention capacity credits to a developer into the Park Zone 1 Escrow Funds in the Grant Fund.
<br />D. $35,615 in the Grant Fund for improvements to the Brookglen Park Recreation Center and outdoor
<br />restroom facility. (This item was taken to Council on January 24th)
<br />E. $30,465 in the Grant Fund for improvements to the RFC Pool. The funding will come from the Park Zone
<br />#9 escrow account.
<br />
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