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<br />La Porte Redevelopment Authority
<br />Tax Increment Reinvestment Zone Number One
<br />. .
<br />City of La Porte
<br />FY 2009- 10 Proposed Budget
<br /> 2008-09 2009-10
<br /> Approved 2008-09 Proposed
<br /> Budget Estimated Budget
<br />Revenues:
<br />Beginning Fund Balance $ 289,059 $ 321,179 $ 204,068
<br />City Transfer of TIRZ (Previous Years) $ $ $
<br />Estimated TIRZ Revenues $ 309,774 $ 1,334,099 $ 1,400,804
<br />Interest on City TIRZ Funds $ 10,000 $ 5,365 $ 2,500
<br />Estimated TIRZ Developer Advances $ $ $
<br />Lakes of Fairmont Greens $ 1,200,000 $ 200,000 $
<br />Retreat at Bay Forest $ $ $
<br />Port Crossing $ $ 200,000 $
<br />Total Revenues $ 1,808,832 $ 2,060,643 $ 1,607,373
<br />TIRZ M&O Expenses:
<br />Administration and Project Management $ 42,000 $ 41 ,500 $ 42,000
<br />Legal $ 5,000 $ $ 5,000
<br />Agreed Upon Procedures Reports $ 7,500 $ 5,000 $ 7,500
<br />Annual Audit $ 3,500 $ 3,000 $ 9,000
<br />Operating Expenses $ 2,500 $ 1,636 $ 3,000
<br />Bank Expenses $ 50 $ 130 $ 60
<br />City Loan Repayment $ 100,000 $ 100,000 $
<br />Total Expenses $ 160,550 $ 151,266 $ 66,560
<br />Transfers
<br />City Administration $ 15,489 $ 39,350 $ 44,965
<br />Educational Facilities $ 59,736 $ 232,633 $ 244,264
<br />Total Transfers $ 75,225 $ 271,983 $ 289,229
<br />Capital Improvements
<br />City CIP Trunk Line Project $ $ $
<br />TIRZ Developer Projects
<br />Lakes of Fairmont Greens $ 1,200,000 $ 200,000 $
<br />Retreat at Bay Forest
<br />Port Crossing $ 1,233,327 $1,058,177
<br /> $ 1,200,000 $ 1,433,327 $1,058,177
<br />Ending Fund Balance $ 373,058 $ 204,068 $ 193,407
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