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La Porte Redevelopment Authority
<br />Tax Increment Reinvestment Zone Number One
<br />City of La Porte
<br />FY 2020 - 21 Proposed Budget
<br />2019-20 2020-21
<br />Approved 2019-20 Proposed
<br />BudgetEstimatedBudget
<br />Revenues:
<br />Beginning Fund Balance1,833,855$ 1,848,098$ 4,813,423$
<br />Estimated TIRZ Revenues
<br /> City1,460,335$ 1,834,134$ 1,889,158$
<br /> County715,821$ $921,851$ 949,507
<br /> LPISD3,331,162$ 3,810,140$ 3,924,445$
<br />Interest on TIRZ Funds975$ 975$ 975$
<br />Estimated TIRZ Developer Advances-$ -$ -$
<br /> Bayforest Land, Ltd.-$ -$ -$
<br /> Lakes of Fairmont Greens-$ -$ -$
<br /> Beazer Homes - Expansion Area-$ -$ -$
<br /> Senior Associates - Expansion Area-$ -$ -$
<br /> Port Crossing-$ -$
<br />Total Revenues7,342,148$ 8,415,198$ 11,577,507$
<br />TIRZ M&O Expenses:
<br />Administration and Project Management24,000$ 24,000$ 24,000$
<br />Legal7,400$ 7,500$ 7,500$
<br />Agreed Upon Procedures Reports7,000$ 6,700$ 7,000$
<br />Annual Audit8,500$ 8,700$ 8,700$
<br />Operating Expenses1,450$ 1,358$ 1,450$
<br />Bank Expenses70$ 68$ 70$
<br />Total Expenses48,420$ 48,326$ 48,720$
<br />Transfers
<br />City Administration72,775$ 71,000$ 72,775$
<br />ISD Refund274,628$ $ 274,628$ 274,628
<br />Educational Facilities1,249,127$ 1,250,202$ 1,281,457$
<br />Total Transfers1,596,530$ 1,595,830$ 1,628,860$
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