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Mid-year Incentive Opportunities - $400,000 (Revak Bldg) <br /> Wave Pool Enhancements - $500,000 <br /> Recreation Center Phase II Design - $250,000 <br /> City-wide signage project Phase III - $350,000 <br /> Fairmont Park Ball Field Restroom - $350,000 <br /> <br />Staff has provided the Board with the FY 2022-23 Proposed Budget documents, which <br />highlight the LPDCjected fund balance at the end of the fiscal year, <br />September 30, 2023 to be nearly $6.75 million, which is $618,512 less than the <br />projected fund balance on September 30, 2022 <br />been working diligently to project conservative revenues and feels comfortable in the <br />$3,254,000 revenue projection, which includes sales tax and interest income. <br />Additionally, staff has provided a line-item detail of expenditures for the Board to review <br />for personnel services, supplies, and services & charges. <br /> <br />The La Porte City Council is scheduled to receive and approve the final annual budget <br />th <br />presentation at the September 12 City Council meeting. Staff is requesting the Board <br />approve the proposed FY 2022-23 budget for the La Porte Development Corporation. <br /> <br />ACTION REQUIRED BY LPDC BOARD <br />Presentation, discussion and possible action to approve the La Porte <br />Development Corporation 2022-23 Fiscal Year budget. <br /> <br />Approved for the La Porte Development Corporation Board meeting agenda <br /> <br />Corby D. Alexander, City Manager Date <br /> <br /> <br /> <br />