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REQUEST FOR CITY COUNCIL AGENDA ITEM
<br />Appropriation
<br />Agenda Date Requested: September 14, 2015
<br />Source of Funds: N/A
<br />Requested By: Michael Dolby, CPA
<br />Account Number: N/A
<br />Department: Finance
<br />Amount Budgeted: N/A
<br />Report: Resolution: Ordinance: XX
<br />Amount Requested: N/A
<br />Exhibits:
<br />Ordinance
<br />Budgeted Item: YES NO
<br />Exhibits:
<br />Copy of Public Hearing Notice
<br />Exhibits:
<br />SUMMARY & RECOMMENDATION
<br />The City Council held budget workshops on August 10 through August 11, 2015 to discuss proposed budgets for the
<br />fiscal year beginning October 1, 2015 and ending September 30, 2016.
<br />The Summary of Funds, which is shown below, represents the result of the workshops held with City Council. All
<br />changes made by Council were incorporated into the various budgets.
<br /> Revised 2015 Proposed 2016
<br />General Fund $ 43,512,510 $ 43,193,303
<br />Grant Fund 502,678 929,342
<br />Street Maintenance Sales Tax Fund 2,106,606 1,895,000
<br />Emergency Services District Sales Tax Fund 1,313,530 1,372,053
<br />Hotel/Motel Occupancy Tax 779,637 773,071
<br />Economic Development Corporation 1,513,403 1,147,143
<br />Tax Increment Reinvestment Zone 2,902,194 2,514,956
<br />Utility 7,923,425 7,439,169
<br />Airport 62,280 63,806
<br />La Porte Area Water Authority 1,059,649 1,149,726
<br />Motor Pool 3,073,795 2,800,017
<br />Insurance Fund 6,372,869 6,997,143
<br />Technology Fund 268,935 622,000
<br />General Capital Improvement 4,243,981 1,236,669
<br />Utility Capital Improvement 1,879,602 1,080,000
<br />Sewer Rehabilitation Capital Improvement 349,951 350,000
<br />Drainage Improvement Fund 696,118 470,000
<br />2010 Certificates of Obligation Bond Fund 1,009,733 0
<br />2015 Certificates of Obligation Bond Fund - 4,520,000
<br />General Debt Service 4,358,722 4,190,493
<br />Utility Debt Service 277,226 267,409
<br />La Porte Area Water Authority Debt Service 691,838 692,850
<br />Total of All Funds $84,898,682 $83,704,150
<br />There is no change in the Tax Rate, which has remained constant for the last twenty-seven years.
<br />Action Required by Council:
<br />Conduct Public Hearing
<br />Adopt Ordinance approving Fiscal Year 2015-16 Proposed Budget.
<br />Approved for City Council Agenda
<br />Corby D. Alexander, City Manager Date
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