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<br />rule a.111 a,a
<br />Agenda Date Requested: April 14, 2008
<br />Requested By: Michael Dolby
<br />Department: Finance
<br />Report: Resolution: Ordinance: XX
<br />Exhibits: Ordinance 2007-3024-F
<br />Exhibits: Excerpt from FY 2008 Adopted Budget
<br />& Amended Budget (Exhibit A & B)
<br />Exhibits: Explanations / Bckup for Amendment
<br />1UNCIL AGENDA ITEM
<br />Appropriation
<br />Source of Funds:
<br />N/A
<br />Account Number:
<br />N/A
<br />Amount Budgeted:
<br />N/A
<br />Amount Requested:
<br />N/A
<br />Budgeted Item: YES NO
<br />SUMMARY & RECOMMENDATION
<br />The City Council adopted the Fiscal Year 2007-08 Budget on August 27, 2007.
<br />The Summary of Funds, which is shown below, represents the amendments which council previously approved to
<br />the FY 2007-08 Budget. (•denotes funds with current changes)
<br />General Fund
<br />Grant Fund
<br />Street Maintenance Sales Tax Fund
<br />Community Investment
<br />Hotel/Motel Oceupapq Tax
<br />La Porte Development Coept radon
<br />Tax Increment Reinvestment Zone
<br />Utility
<br />Sylvan Beach
<br />Airport
<br />La Pone Am Water Authority
<br />Golf Course
<br />Motor Peel
<br />Insurance Fund
<br />Tcchrwlogy Fund
<br />General Capital Impro cco ut
<br />Utility Capital Improvement
<br />Sewer Rehabilitation Capital Improvement
<br />2000 General Obligadoa Bond Food
<br />2005 Cenifcate of Obligation Bond Fund
<br />2006 General Obligation Bond Fund
<br />2007 Certificate of0bligation Bond Fund
<br />Transportation & Other In incont ture Fond
<br />General Debt Service
<br />Utility Debt Service
<br />La Pone Area Water Authority Debt Service
<br />Tout of All Funds
<br />Previously Proposed
<br />Original Budget Amended Budget Amended Budget
<br />S 30,010,812
<br />S 30,179,216
<br />S 30,620,802
<br />1,036,356
<br />1,072,%9
<br />1,172,949
<br />1,004,178
<br />1,004,178
<br />1,004,178
<br />233,120
<br />233,120
<br />233,120
<br />556,540
<br />SKS40
<br />696,709
<br />971,565
<br />971,565
<br />1,117,898
<br />1,600,185
<br />1,600,185
<br />1,600.185
<br />8,038,354
<br />8,038,354
<br />8,03M54
<br />274,158
<br />274,159
<br />274,158
<br />23,396
<br />23,396
<br />23,396
<br />1,717,760
<br />1,717,760
<br />1,717,760
<br />1,304,138
<br />1,304,138
<br />1,304,138
<br />1529,323
<br />1,756,727
<br />1,756,727
<br />4,881,080
<br />4,881,080
<br />4,881,080
<br />1,211,065
<br />1,221,865
<br />1,221,965
<br />955,000
<br />1,126$38
<br />1,721,926
<br />935,000
<br />935.000
<br />935,000
<br />350,000
<br />350,000
<br />350.000
<br />54,465
<br />M,465
<br />202,021
<br />60,000
<br />60,000
<br />60,000
<br />49,479
<br />49,478
<br />49,478
<br />305,261
<br />305,261
<br />305,261
<br />200,000
<br />200,000
<br />200,000
<br />3,477,278
<br />3,477,278
<br />3,477,278
<br />479,105
<br />479,105
<br />479,105
<br />758,531
<br />758,531
<br />758 531_
<br />S 62,016,148
<br />$ 62,630,887
<br />$ 64,201,919
<br />Action Required by Council:
<br />Adopt Ordinance Amending Fiscal Year 2007-08 Budget for.
<br />A. $441,586 in the General Fund for a transfer to the General CIP Fond for the Sylvan Beach Shoreline
<br />Protection and Beach Nourishment Project. This amount includes $111,397 from the Sylvan Beach Pier
<br />excess revenue account es well as $330,189 from fund balance.
<br />B. $94,600 in the Hote /Moral Food for a transfer to the General CIP Fund for the Sylvan Beach Shoreline
<br />Protection and Beach Nourishment Project These funds have been reserved annually for beach
<br />nourishment
<br />
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