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REQUEST FOR CITY COUNCIL AGENDA ITEM
<br />Appropriation
<br />Agenda Date Requested: September 25, 2017
<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: Ordinance
<br />Budgeted Item: YES NO
<br />Exhibits: Copy of Public Hearing Notice
<br />SUMMARY & RECOMMENDATION
<br />The City Council held budget workshops on August 14 through August 15, 2017 to discuss proposed budgets for the
<br />fiscal year beginning October 1, 2017 and ending September 30, 2018.
<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 2017 Proposed 2018
<br />General Fund $ 46,725,747 48,835,470
<br />Grant Fund 1,417,967 1,152,584
<br />Street Maintenance Sales Tax Fund 2,146,395 1,930,000
<br />Emergency Services District Sales Tax Fund 1,328,040 1,087,507
<br />Hotel/Motel Occupancy Tax 982,138 708,805
<br />Economic Development Corporation 3,729,998 3,834,526
<br />Tax Increment Reinvestment Zone 2,763,115 1,991,430
<br />Utility 7,019,872 7,078,221
<br />Airport 185,290 308,372
<br />La Porte Area Water Authority 1,228,497 1,569,743
<br />Motor Pool 3,338,057 1,901,834
<br />Insurance Fund 7,659,045 8,383,353
<br />Technology Fund 394,646 320,500
<br />General Capital Improvement 5,040,024 3,721,574
<br />Utility Capital Improvement 1,720,591 2,005,000
<br />Sewer Rehabilitation Capital Improvement 339,409 350,000
<br />Drainage Improvement Fund 572,596 105,000
<br />2006 Certificates of Obligation Bond Fund 0 563,592
<br />2010 Certificates of Obligation Bond Fund 9,137 1,165,846
<br />2015 Certificates of Obligation Bond Fund 5,357,624 609,386
<br />TWDB Loan Fund 0 500,000
<br />General Debt Service 3,913,706 4,526,924
<br />Utility Debt Service 0 0
<br />La Porte Area Water Authority Debt Service 0 0
<br />Total of All Funds $95,871,894 $92,649,667
<br />There is no change in the Tax Rate, which has remained constant for the last twenty-nine years.
<br />Action Required by Council:
<br />Adopt Ordinance approving Fiscal Year 2017-18 Proposed Budget.
<br />Approved for City Council Agenda
<br />Corby D. Alexander, City Manager Date
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