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REQUEST FOR CITY COUNCIL AGENDA ITEM
<br />Appropriation
<br />Agenda Date Requested:February13, 2012
<br />Source of Funds:N/A
<br />Requested By:Michael Dolby, CPA
<br />Account Number:N/A
<br />Department: Finance
<br />Amount Budgeted:N/A
<br />Report: Resolution:Ordinance:XX
<br />Amount Requested:N/A
<br />Exhibits:
<br />Ordinance
<br />Budgeted Item:YESNO
<br />Exhibits:
<br />Excerpt from FY 2012Adopted Budget
<br />& Amended Budget(Exhibit A & B)
<br />Exhibits:
<br />Explanations / Backup for Amendment
<br />SUMMARY & RECOMMENDATION
<br />The City Council adopted the Fiscal Year 2011-12Budget on September 12, 2011.
<br />The Summary of Funds, which is shown below, represents the amendments which council previously approved to
<br />the FY 2011-12Budget. (*denotes funds with current changes)
<br />PreviouslyProposed
<br />Original BudgetAmended BudgetAmended Budget
<br />General Fund $35,992,372$35,994,872$35,994,872
<br />Grant Fund580,442580,442588,842*
<br />Street Maintenance Sales Tax Fund1,050,0001,050,0001,050,000
<br />Emergency Services District Sales Tax Fund705,000705,000705,000
<br />Community Investment229,000229,000229,000
<br />Hotel/Motel Occupancy Tax353,742353,742353,742
<br />Economic Development Corporation1,806,7101,806,7101,791,710*
<br />Tax Increment Reinvestment Zone1,703,7041,703,7041,703,704
<br />Utility7,761,0337,761,0337,782,033*
<br />Airport 133,779133,779133,779
<br />La Porte Area Water Authority1,136,5071,136,5071,136,507
<br />Motor Pool 2,658,1822,658,1822,658,182
<br />Insurance Fund 5,334,6345,334,6345,334,634
<br />Technology Fund0021,000*
<br />General Capital Improvement 3,251,0203,251,0203,251,020
<br />Utility Capital Improvement 931,447931,447931,447
<br />Sewer Rehabilitation Capital Improvement 350,000350,000350,000
<br />Drainage Improvement Fund195,000195,000195,000
<br />2005 Certificates of Obligation Bond Fund67,55367,55367,553
<br />2007 Certificates of Obligation Bond Fund408,133408,133408,133
<br />2010Certificates of Obligation Bond Fund174,000174,000174,000
<br />General Debt Service 3,746,2703,746,2703,746,270
<br />Utility Debt Service 306,679306,679306,679
<br />La Porte Area Water Authority Debt Service693,150693,150693,150
<br />Total of All Funds $69,568,357$69,570,857$69,606,257
<br />Action Required by Council:
<br />Adopt Ordinance Amending Fiscal Year 2011-12Budgetfor:
<br />A.A decrease of $15,000 in the Economic Development Fund for the radio station. The funds will fall to
<br />fund balance.
<br />B.$8,400 in the Grant Fund for a grant from the Texas Forest Service for personal protective equipment for
<br />the fire department.
<br />C.$21,000 in the Technology Fund to transfer funds to the Utility Fund to purchase updated Neptune
<br />equipment for the meter reading program. The Utility Billing Division has sent over $21,000 over several
<br />years to fund upgrades/replacements when needed. The Utility Fund will also need to be amended by this
<br />amount in order to spend the funds.
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