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Home My WebLink AboutO-2006-2918-H J REQUEST FOR CITY COUNCIL AGENDA ITEM Agenda Date Requested: September 24, 2007 Requested By: Michael Dolby J- Department: Finance Report: Ordinance: xx Resolution: Exhibits: Ordinance 2006-2918-H Exhibits: Excerpt from FY 2007 Adopted Budget & Amended Budget (Exhibit A & B) Source of Funds: N/A Appropriation Account Number: N/A Amount Budgeted: N/A Amount Requested: N/A Budgeted Item: YES NO Exhibits: Explanations / Backup for Amendment SUMMARY & RECOMMENDATION The City Council adopted the Fiscal Year 2006-07 Budget on September 11, 2006. The Summary of Funds, which is shown below, represents the amendments which council previously approved to the FY 2006-07 Budget. (*denotes funds with current changes) General Fund Grant Fund Street Maintenance Sales Tax Fund Community Investment Hotel/Motel Occupancy Tax La Porte Development Corporation Tax Increment Reinvestment Zone Utility Sylvan Beach Airport La Porte Area Water Authority Golf Course Motor Pool Insurance Fund Technology Fund General Capital Improvement Utility Capital Improvement Sewer Rehabilitation Capital Improvement 1998 General Obligation Bond Fund 2000 General Obligation Bond Fund 2002 General Obligation Bond Fund 2005 Certificate of Obligation Bond Fund 2005 General Obligation Bond Fund 2006 Certificate of Obligation Bond Fund 2006 General Obligation Bond Fund 2007 Certificate of Obligation Bond Fund Transportation & Other Infrastructure Fund General Debt Service Utility Debt Service La Porte Area Water Authority Debt Service Total of All Funds Original Budget $ 28,245,299 347,491 o 454,346 138,000 832,180 36,720 6,798,512 208,360 190,248 1,631,110 1,193,500 1,457,154 4,376,091 1,289,149 402,950 1,230,000 330,000 6,000 170,000 o 675,000 459,400 260,000 o o o 2,798,294 494,328 760,700 $ 54,784,832 Revised 2007 (Amended wi FY 2008Budget) $ 29,766,192 831,240 600,000 638,000 510,269 1,103,029 47,662 6,753,388 242,698 183,821 982,947 1,213,862 1,320,577 4,264,042 1,240,175 1,438,189 1,743,767 583,149 629,336 901,888 1,100,759 468,752 7,118,797 3,020,348 1,200,000 7,900,000 449,650 2,798,292 494,328 760,700 $ 80,305,857 Proposed Amended Budget $ 29,766,192 906,032 * 600,000 638,000 510,269 1,103,029 47,662 6,753,388 242,698 183,821 982,947 1,213,862 1,320,577 4,264,042 1,240,175 1,438,189 1,743,767 583,149 629,336 901,888 1,100,759 468,752 7,118,797 3,020,348 1,200,000 7,900,000 449,650 2,798,292 494,328 760,700 $ 80,380,649 Action ReQuired bv Council: Adopt Ordinance Amending Fiscal Year 2006-07 Budget for the Grant Fund for $74,792 for the lncode software package for the Municipal Court. The funds will come from the reserves set up for security fees and technology fees in the Grant Fund. pI 10, Date I ORDINANCE NO. 2006-2918-H AN ORDINANCE APPROVING AN AMENDMENT TO THE BUDGET FOR THE CITY OF LA PORTE, TEXAS, FOR THE PERIOD OF OCTOBER 1,2006 THROUGH SEPTEMBER 30,2007; FINDING THAT ALL THINGS REQUISITE AND NECESSARY HAVE BEEN DONE IN PREPARATION AND PRESENTMENT OF SAID BUDGET; FINDING COMPLIANCE WITH THE OPEN MEETINGS LAW; AND PROVIDING AN EFFECTIVE DATE HEREOF. WHEREAS, the Charter of the City of La Porte, Texas, and the Statutes of the State of Texas, require that an annual budget be prepared and presented to the City Council of the City of La Porte, Texas, prior to the beginning of the fiscal year of said City, and that a public hearing be held prior to the adoption of said Budget; and WHEREAS, the Budget for the fiscal year October 1,2006, through September 30,2007, has heretofore been presented to the City Council and due deliberation had thereon, was filed in the office of the City Secretary on July 24,2006, and a public hearing scheduled for September 11,2006 was duly advertised and held. NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: SECTION 1: That the Budget for the City of La Porte, Texas, now before the said City Council for consideration, a complete copy of which is on file with the City Secretary and a summary of which is attached hereto by reference as Exhibit "A", is hereby amended as reflected on the amended budget summary document, attached hereto by reference as Exhibit "B", as the Budget for the said City of La Porte, Texas, for the period of October 1,2006, through September 30,2007. SECTION 2: Be it FURTHER ORDAINED, that the said City Council finds that all things requisite and necessary to the adoption of said Budget have been performed as required by charter or statute. SECTION 3: The City Council officially finds, determines, recites and declares that a sufficient written notice of the date, hour, place and subject of this meeting of the City Council was posted at a place convenient to the public at the City Hall of the City for the time required by law preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Government Code; and that this meeting has been open to the public as required by law at all times during which this Ordinance and the subject matter thereof has been discussed, considered and formally acted upon. The City Council further ratifies, approves and confirms such written notice and the contents and posting thereof. SECTION 4: This Ordinance shall be in effect from and after its passage and approval. PASSED AND APPROVED this th:J!f!:.. day of ,,<;efJt:'fYI M( ,2007. ~ ?~ LA P?,~XAS ~el~ Alton Porter, Mayor - ATTEST: v1ncuif~ d<LJfJ Martha Gillett, City Sectetary AP~-r ~ Clark Askins, Assistant City Attorney EXHIBIT A (ORIGINAL BUDGET) City of La Porte Consolidated Summary of All Funds FY 06-07 FY 06-07 Revenues Expenses Governmental Fund Types: General Fund 28,163,288 28,245,299 Grant Fund 347,491 347,491 Hotel/Motel Occupancy Tax 334,500 454,346 Community Investment 180,809 138,000 Section 4B Sales Tax 1,340,886 832,180 Tax Increment Reinvestment 46,280 36,720 Total Governmental Types 30,413,254 30,054,036 Enterprise: Utility 7,503,541 6,798,512 Sylvan Beach 208,360 208,360 Airport 45,228 190,248 La Porte Area Water Authority 1,344,916 1,631,110 Golf Course 1,193,500 1,193,500 Total Enterprise 10,295,545 10,021,730 Internal Service Motor Pool 1,853,966 1,457,154 Insurance Fund 4,478,020 4,376,091 Technology Fund 1,051,699 1,289,149 Total Internal Service 7,383,685 7,122,394 Capital Improvement: General 245,000 402,950 Utility 644,070 1,230,000 Sewer Rehabilitation 315,000 330,000 1998 GO Bond Fund 6,000 6,000 2000 GO Bond Fund 170,000 2002 GO Bond Fund 24,000 2004 C/O Bond Fund 50,000 2005 C/O Bond Fund 20,000 675,000 2005 GO Bond Fund 50,000 459,400 2006 C/O Bond Fund 100,000 260,000 2006 GO Bond Fund 12,000 Other Infrastructure 41,500 Total Capital Improvement 1,507,570 3,533,350 Debt Service: General 2,697,580 2,798,294 Utility 50,000 494,328 La Porte Area Water Authority 760,700 760,700 Total Debt Service 3,508,280 4,053,322 Total All Funds 53, I 08,334 54,784,832 EXHIBIT B (AMENDED BUDGET) City of La Porte Consolidated Summary of All Funds FY 06-07 FY 06-07 Revenues Expenses Governmental Fund Types: General Fund 30,631,788 29,766,192 Grant Fund 831,240 906,032 Streeet Maintenance Sales Tax 931,574 600,000 Community Investment 740,985 638,000 Hotel/Motel Occupancy Tax 391,093 510,269 Section 4B Sales Tax 1,536,469 1,103,029 Tax Increment Reinvestment 119,507 47,662 Total Governmental Types 35,182,656 33,571,184 Enterprise: Utility 7,542,114 6,753,388 Sylvan Beach 210,942 242,698 Airport 55,984 183,821 La Porte Area Water Authority 1,321,136 982,947 Golf Course 1,566,623 1,213,862 Total Enterprise 10,696,799 9,376,716 Internal Service Motor Pool 1,986,265 1,320,577 Insurance Fund 4,649,265 4,264,042 Technology Fund 1,070,800 1,240,175 Total Internal Service 7,706,330 6,824,794 Capital Improvement: General 1,283,600 1,438,189 Utility 595,284 1,743,767 Sewer Rehabilitation 318,700 583,149 1998 GO Bond Fund 55,700 629,336 2000 GO Bond Fund 19,800 901,888 2002 GO Bond Fund 25,100 1,100,759 2004 C/O Bond Fund 51,700 2005 C/O Bond Fund 30,700 468,752 2005 GO Bond Fund 150,000 7,118,797 2006 C/O Bond Fund 280,000 3,020,348 2006 GO Bond Fund 46,000 1,200,000 2007 C/O Bond Fund 8,027,261 7,900,000 Other Infrastructure 54,600 449,650 Total Capital Improvement 10,938,445 26,554,635 Debt Service: General 2,749,740 2,798,292 Utility 50,800 494,328 La Porte Area Water Authority 760,700 760,700 Total Debt Service 3,561,240 4,053,320 Total All Funds 68,085,470 80,380,649