|
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
<br />2020-21
<br />Approved2019-20Proposed
<br />BudgetEstimatedBudget
<br />Revenues:
<br />Beginning Fund Balance$ 1,848,0981,833,855$$4,257,068
<br />Estimated TIRZ Revenues
<br /> City$ 1,834,1341,460,335$$1,889,158
<br /> County$715,821$921,851$ 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 Revenues$ 8,415,1987,342,148$$11,021,152
<br />TIRZ M&O Expenses:
<br />Administration and Project Management$24,000$ 24,000$ 24,000
<br />Legal$ 7,400$ 7,500$ 7,500
<br />Agreed Upon Procedures Reports$ 7,000$ 6,700$ 7,000
<br />Annual Audit$ 8,500$ 8,700$ 8,700
<br />Operating Expenses$ 1,450$ 1,358$ 1,450
<br />Bank Expenses$ 70$ 68$ 70
<br />Planning Services$ -$ -$ 20,000
<br />Total Expenses$48,420$ 48,326$ 68,720
<br />Transfers
<br />City Administration$72,775$ 91,707$ 94,000
<br />ISD Refund$274,628$ 716,911$ 716,911
<br />Educational Facilities$ 1,250,2021,249,127$$1,281,457
<br />Total Transfers$ 2,058,8201,596,530$$2,092,368
<br />
<br />
|