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La Porte Redevelopment Authority
<br /> Tax Increment Reinvestment Zone Number One
<br /> '
<br /> City of La Porte
<br /> FY 2015 - 16 Approved Budget
<br /> 2014-15 2015-16
<br /> ' Approved 2014-15 Proposed
<br /> Budget Estimated Budget
<br /> Revenues:
<br /> Beginning Fund Balance $ 655,143 $ 655,143 $ 544,506
<br /> Estimated TIRZ Revenues
<br /> City $ 619,439 $ 738,915 $ 761,082
<br /> ' County $ 301,257 $ 279,344 $ 287,724
<br /> LPISD $1,278,703 $1,407,985 $ 1,450,225
<br /> Interest on City TIRZ Funds $ 650 $ 260 $ 300
<br /> Estimated TIRZ Developer Advances $ - $ - $ -
<br /> Lakes of Fairmont Greens $ - $ - $
<br /> Beazer Homes-Expansion Area $ 488,584 $ 488,584 $
<br /> Port Crossing $ - $ - $ -
<br /> Total Revenues $3,343,777 $3,570,231 $3,043,837
<br /> TIRZ M&O Expenses:
<br /> Administration and Project Management $ 31,500 $ 27,124 $ 31,500
<br /> TIRZ Expansion Costs $ - $ 10,000 $ -
<br /> ' Legal $ 3,000 $ - $ 3,000
<br /> Agreed Upon Procedures Reports $ 3,000 $ 4,000 $ 4,000
<br /> Annual Audit $ 6,750 $ 5,500 $ 6,000
<br /> Operating Expenses $ 500 $ 310 $ 500
<br /> Bank Expenses $ 100 $ 97 $ 100
<br /> Total Expenses $ 44,850 $ 47,031 $ 45,100
<br /> Transfers
<br /> City Administration $ 54,850 $ 81,075 $ 83,102
<br /> Educational Facilities $ 469,453 $ 458,003 $ 469,453
<br /> Total Transfers $ 524,303 $ 539,078 $ 552,555
<br /> Capital Improvements
<br /> ' City CIP Trunk Line Project $ 250,000 $ 250,000 $ 250,000
<br /> Sylvan Beach Restoration Project $ 250,000 $ 183,200 $ -
<br /> Beazer Homes Capital Improvements $ 488,584 $ 488,584 $ 500,000
<br /> TIRZ Developer Reimbursements
<br /> Lakes of Fairmont Greens $ 232,500
<br /> Retreat at Bay Forest $ 50,000 $ 17,975 $ 17,975
<br /> Port Crossing $1,200,000 $ 1,147,826 $ 1,147,826
<br /> $2,238,584 $2,320,085 $1,915,801
<br /> Ending Fund Balance $ 536,039 $ 664,036 $ 530,381
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