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REQUEST FOR CITY COUNCIL AGENDA ITEM
<br />Appropriation
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<br />Agenda Date Requested: July 27, 2015
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<br />Source of Funds: N/A
<br />Requested By: Michael Dolby, CPA
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<br />Account Number: N/A
<br />Department: Finance
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<br />Amount Budgeted: N/A
<br />Report: Resolution: Ordinance: XX
<br />
<br />Amount Requested: N/A
<br />Exhibits:
<br />Ordinance
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<br />Budgeted Item: YES NO
<br />Exhibits:
<br />Excerpt from FY 2015 Adopted Budget
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<br /> & Amended Budget (Exhibit A & B)
<br />Exhibits:
<br />Explanations / Backup for Amendment
<br />SUMMARY & RECOMMENDATION
<br />The City Council adopted the Fiscal Year 2014-15 Budget on September 8, 2014.
<br />The Summary of Funds, which is shown below, represents the amendments which council previously approved to
<br />the FY 2014-15 Budget. (*denotes funds with current changes)
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<br /> Previously Proposed
<br />Original Budget Amended BudgetAmended Budget
<br />General Fund $ 42,524,058 $ 42,852,320 $ 44,380,886
<br />Grant Fund 502,678 1,114,282 1,144,334
<br />Street Maintenance Sales Tax Fund 795,000 795,000 795,000
<br />Emergency Services District Sales Tax Fund 1,322,638 1,390,917 1,390,917
<br />Hotel/Motel Occupancy Tax 826,039 828,589 833,589
<br />Economic Development Corporation 1,418,611 1,518,611 1,518,611
<br />Tax Increment Reinvestment Zone 2,807,737 2,807,737 2,807,737
<br />Utility 8,056,291 8,133,236 8,133,236
<br />Airport 47,496 78,082 78,082
<br />La Porte Area Water Authority 1,129,481 1,129,481 1,129,481
<br />Motor Pool 3,130,099 3,177,768 3,177,768
<br />Insurance Fund 6,247,649 6,247,649 6,247,649
<br />Technology Fund 220,000 269,600 269,600
<br />General Capital Improvement 1,615,000 1,790,000 1,790,000
<br />Utility Capital Improvement 1,175,000 1,375,000 1,375,000
<br />Sewer Rehabilitation Capital Improvement 350,000 350,000 350,000
<br />Drainage Improvement Fund 240,000 240,000 240,000
<br />2010 Certificates of Obligation Bond Fund 280,000 280,000 280,000
<br />General Debt Service 4,358,723 4,358,723 4,358,723
<br />Utility Debt Service 277,226 277,226 277,226
<br />La Porte Area Water Authority Debt Service 691,838 691,838 691,838
<br />Total of All Funds $78,015,564 $79,706,059 $81,269,677
<br />Action Required by Council:
<br />Adopt Ordinance Amending Fiscal Year 2014-15 Budget for the following items:
<br />A.$30,052 in the Grant Fund for the installation of playground equipment in Glen Meadows Park. Park Zone
<br />3 funds will be utilized. (The transfer from the General Fund to the General CIP fund can be reduced by
<br />the same amount and funds reallocated to the RFC reconstruction.)
<br />B.$1,500,000 in the General Fund to transfer the reserve for health insurance into the Insurance Fund.
<br />C.$28,566 in the General Fund for repairs to the PD/EOC. The funding will come from reimbursement
<br />monies for the use of the EOC during the chemical event that occurred in the ship channel in March.
<br />D.$5,000 in the Hotel/Motel Fund for a catch up payment to the La Porte Heritage Society.
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