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Home My WebLink AboutO-2006-2836-B (original in 2005) e e ORDINANCE NO. 2005-2836-8 AN ORDINANCE APPROVING AND ADOPTING THE BUDGET FOR THE CITY OF LA PORTE, TEXAS, FOR THE PERIOD OF OCTOBER 1, 2005 THROUGH SEPTEMBER 30, 2006; 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, 2005, through September 30, 2006, has heretofore been presented to the City Council and due deliberation had thereon, was filed in the office of the City Secretary on July 25, 2005, and a public hearing scheduled for August 22, 2005 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 attached hereto by reference as Exhibit "A", is hereby amended as the Budget for the said City of La Porte, Texas, for the period of October 1, 2005, through September 30, 2006. 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 the 23rd day of January, 2006. C~ OF LA POR~EXAS ~~. ~~ Alton Porter, Mayor ATTEST: '1!l!MtJ.dw4 Mart a Gillett, City Secretary AJ%;~ Knox Askins, City Attorney e e / -/~ -J~ Date Message e e Page I of I Feazelle, Debra From: Feazelle, Debra Sent: Wednesday, January 18, 20069:11 AM To: Alexander, Cynthia Cc: Joerns, John; Wolny, Shelley Subject: cip please prepare a budget amendment from general fund to cip fund. prepare for the nite of the audit presentation. since the cip fund was to receive $300,000 from contingency funds for projects at 9-30-05, and the general fund expenditures utilized approximately $100,000 of the contingency, only $200,000 was able to be transferred at year end. our choices were to cut projects in the cip since they do not have enough in fund balance, or since sales tax performed better than expected, capture that after the audit confirms. thanks. if questions, advise.d 1/18/2006 . e REQUEST FOR CITY COUNCIL AGENDA ITEM Appropriation Agenda Date Requested: Janua Requested By: C nthia B. Alexander Source of Funds: N/A Department: Finance Account Number: N/A Report: Resolution: Ordinance: xx Amount Budgeted: N/A Exhibits: Ordinance 2005-2836-B Amount Requested: N/A Exhibits: Budgeted Item: YES NO Exhibits: SUMMARY & RECOMMENDATION The City Council adopted the Fiscal Year 2005-06 Budget on August 22,2005. The Summary of Funds, which is shown below, represents the amendments which council previously approved to the FY 2005-06 Budget. (*denotes funds with current changes) Previously Proposed Original Budget Amended Budget Amended Budget General Fund 525,987,077 525,987,077 526,087,077 * Grant Fund 2,793,931 2,795,782 2,795,782 Hotel/Motel Occupancy Tax 334,280 334,280 334,280 Community Investment 190,000 190,000 190,000 La Porte Development Corporation 740,060 740,060 740,060 Tax Increment Reinvestment Zone 36,000 36,000 36,000 Utility 6,774,071 6,774,071 6,774,071 Sylvan Beach 208,683 208,683 208,683 Airport 241,443 241,443 241,443 La Porte Area Water Authority 1,693,956 1,693,956 1,693,956 Golf Course 1,240,740 1,240,740 1,240,740 Motor Pool 1,661,304 1,661,304 1,661,304 Insurance Fund 4,017,103 4,017,103 4,017,103 Technology Fund 956,611 956,611 956,61 I General Capital Improvement 433,500 433,500 433,500 Utility Capital Improvement 715,000 715,000 715,000 Sewer Rehabilitation Capital Improvement 330,000 330,000 330,000 Infrastructure Fund 705,000 705,000 705,000 1998 General Obligation Bond Fund 1,207,639 1,207,639 1,207,639 2000 General Obligation Bond Fund 1,160,000 1,160,000 1,160,000 2002 General Obligation Bond Fund 732,789 732,789 732,789 2004 Certificate of Obligation Bond Fund 10,000 10,000 10,000 2005 General Obligation Bond Fund 7,700,000 7,700,000 7,700,000 2005 Certificate of Obligation Bond Fund 1,800,000 1,800,000 1,800,000 General Debt Service 2,190,671 2,190,671 2,190,671 Utility Debt Service 381,712 381,712 381,712 La Porte Area Water Authority Debt Service 771,719 771,719 771,719 Total of All Funds $ 65,013,289 $ 65,015,140 $ 65,115,140 Action ReQuired bv Council: Adopt Ordinance Amending Fiscal Year 2005-06 Budget for a transfer of $100,000 from the General Fund to the General CIP Fund.