|
REQUEST FOR CITY COUNCIL AGENDA ITEM
<br />Appropriation
<br />Agenda Date Requested:July22, 2013
<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 2012-13Budget on September 10, 2012.
<br />The Summary of Funds, which is shown below, represents the amendments which council previously approved to
<br />the FY 2012-13Budget. (*denotes funds with current changes)
<br />PreviouslyProposed
<br />Original BudgetAmended BudgetAmended Budget
<br />General Fund $36,545,885$38,093,712$38,363,712*
<br />Grant Fund6,552,8106,922,2666,922,266
<br />Street Maintenance Sales Tax Fund1,200,0001,200,0001,200,000
<br />Emergency Services District Sales Tax Fund802,785802,785802,785
<br />Hotel/Motel Occupancy Tax565,285565,285565,285
<br />Economic Development Corporation816,318822,0131,892,013*
<br />Tax Increment Reinvestment Zone2,613,5792,613,5792,613,579
<br />Utility8,079,3588,079,3588,725,445*
<br />Airport 63,66963,66963,669
<br />La Porte Area Water Authority1,195,7601,195,7601,195,760
<br />Motor Pool 2,523,2983,381,7363,381,736
<br />Insurance Fund 5,709,6845,709,6845,709,684
<br />General Capital Improvement 673,5001,916,5002,656,500
<br />Utility Capital Improvement 175,000901,087901,087
<br />Sewer Rehabilitation Capital Improvement 350,000350,000350,000
<br />Drainage Improvement Fund250,000250,000250,000
<br />1998 General Obligation Bond Fund0032,094*
<br />2004 Certificates of Obligation Bond Fund00257,571*
<br />2005 General Obligation Bond Fund00894*
<br />2006 Certificates ofObligation Bond Fund0078,662*
<br />2006 General Obligation Bond Fund048,70068,649*
<br />2007 Certificates of Obligation Bond Fund23,39123,39141,649*
<br />2010Certificates of Obligation Bond Fund1,075,2231,075,2231,075,223
<br />Transportation & Other Infrastructure Fund50,80750,80750,807
<br />General Debt Service 2,508,3372,508,3372,508,337
<br />Utility Debt Service 296,861296,861296,861
<br />La Porte Area Water Authority Debt Service698,556698,556698,556
<br />Total of All Funds $72,770,106$77,569,309$80,702,824
<br />Action Required by Council:
<br />Adopt Ordinance Amending Fiscal Year 2012-13Budgetfor the following items:
<br />A.$646,087in the Utility Fund forthe fund balance transfer for the FarringtonBoulevard Utility Relocation
<br />project.
<br />B.$170,000 in the General CIP Fund for the Golf Course Fairway project.
<br />C.$170,000 in the General Fund for a transfer of fund balance for the Golf Course Fairway project.
<br />D.$570,000 in the La Porte Development Fund for a transfer to the General CIP Fund for the LomaxArena
<br />project.
<br />E.$570,000 in the General CIP Fund for the Lomax Arena project.
<br />
<br />
|