HomeMy WebLinkAboutAgenda item - Ordinance 20070-3024-F.0
rule a.111 a,a
Agenda Date Requested: April 14, 2008
Requested By: Michael Dolby
Department: Finance
Report: Resolution: Ordinance: XX
Exhibits: Ordinance 2007-3024-F
Exhibits: Excerpt from FY 2008 Adopted Budget
& Amended Budget (Exhibit A & B)
Exhibits: Explanations / Bckup for Amendment
1UNCIL AGENDA ITEM
Appropriation
Source of Funds:
N/A
Account Number:
N/A
Amount Budgeted:
N/A
Amount Requested:
N/A
Budgeted Item: YES NO
SUMMARY & RECOMMENDATION
The City Council adopted the Fiscal Year 2007-08 Budget on August 27, 2007.
The Summary of Funds, which is shown below, represents the amendments which council previously approved to
the FY 2007-08 Budget. (•denotes funds with current changes)
General Fund
Grant Fund
Street Maintenance Sales Tax Fund
Community Investment
Hotel/Motel Oceupapq Tax
La Porte Development Coept radon
Tax Increment Reinvestment Zone
Utility
Sylvan Beach
Airport
La Pone Am Water Authority
Golf Course
Motor Peel
Insurance Fund
Tcchrwlogy Fund
General Capital Impro cco ut
Utility Capital Improvement
Sewer Rehabilitation Capital Improvement
2000 General Obligadoa Bond Food
2005 Cenifcate of Obligation Bond Fund
2006 General Obligation Bond Fund
2007 Certificate of0bligation Bond Fund
Transportation & Other In incont ture Fond
General Debt Service
Utility Debt Service
La Pone Area Water Authority Debt Service
Tout of All Funds
Previously Proposed
Original Budget Amended Budget Amended Budget
S 30,010,812
S 30,179,216
S 30,620,802
1,036,356
1,072,%9
1,172,949
1,004,178
1,004,178
1,004,178
233,120
233,120
233,120
556,540
SKS40
696,709
971,565
971,565
1,117,898
1,600,185
1,600,185
1,600.185
8,038,354
8,038,354
8,03M54
274,158
274,159
274,158
23,396
23,396
23,396
1,717,760
1,717,760
1,717,760
1,304,138
1,304,138
1,304,138
1529,323
1,756,727
1,756,727
4,881,080
4,881,080
4,881,080
1,211,065
1,221,865
1,221,965
955,000
1,126$38
1,721,926
935,000
935.000
935,000
350,000
350,000
350.000
54,465
M,465
202,021
60,000
60,000
60,000
49,479
49,478
49,478
305,261
305,261
305,261
200,000
200,000
200,000
3,477,278
3,477,278
3,477,278
479,105
479,105
479,105
758,531
758,531
758 531_
S 62,016,148
$ 62,630,887
$ 64,201,919
Action Required by Council:
Adopt Ordinance Amending Fiscal Year 2007-08 Budget for.
A. $441,586 in the General Fund for a transfer to the General CIP Fond for the Sylvan Beach Shoreline
Protection and Beach Nourishment Project. This amount includes $111,397 from the Sylvan Beach Pier
excess revenue account es well as $330,189 from fund balance.
B. $94,600 in the Hote /Moral Food for a transfer to the General CIP Fund for the Sylvan Beach Shoreline
Protection and Beach Nourishment Project These funds have been reserved annually for beach
nourishment
C. $562,186 in the General CIP Fond for the Sylvan Beach Shoreline Protection and Beach Nourishment
Project.
D. $100,000 in the Grant Fund for the Incode software package for the Municipal Court. These funds will
come from the reserves set up for security fees and technology fees in the Grant Fond.
E. 545,569 in the Hotel/Motel Fond fm the participation with Bay Area Convention and Visitors Bureau
(BACVB). This increase is to bring the budget for BACVB to 15% of budgeted revenues (5415,000).
F. 515,000 in the 4B La Porte Development Corporation Fund for the required payments to Consultivo Ltd.
for the development of request for qualification for hotel project, which was approved at the March 24"
Council meeting.
G. $8,333 in the 4B La Porte Development Corporation Fund for the revised lease agreement between the
City and the Economic Alliance Houston Port Region, which was approved at the February 11a Council
meeting.
H. $30,000 in the 4B La Porte Development Corporation Fond in connection with the Town Square Project.
1. $147,556 in the 2000 GO Bond Fond to send excess funds back to the General CIP Fund. (The General
CIP Fund sent over a total of $987,577 between FY2003 and FY2004 to cover project overruns)
J. $30,000 in the General CIP Fund (015) for Fire Station NI Roof Repair.
K. $3,202 in the General CIP Fund for a joint participation with the Glen Meadows BOA for the cost of
acquiring and installing a picnic shelter for Glen Meadows Park.
L. $93,000 in the 4B La Porte Development Corporation Fund for Community Branding ($85,000),
Marketing ($5,500) and Travel ($2,500).
Approved for City Council Agenda
Ron Bottoms, City Manager Date