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HomeMy WebLinkAboutO-2013-3463 amendng Fiscal 2012-2013 budgetORDINANCE�Q��j-p'3 AN ORDINANCE APPROVING AN AMENDMENT TO THE BUDGET FOR THE CITY OF LA PORTE, TEXAS, FOR THE PERIOD OF OCTOBER 1, 2012 THROUGH SEPTEMBER 30, 2013; 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, 2012, through September 30, 2013, has heretofore been presented to the City Council and due deliberation had thereon, was filed in the office of the City Secretary on July 26, 2012, and a public hearing scheduled for September 10, 2012 was duly advertised and held. NOW THEREFORE, BE I7 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, 2012, through September 30, 2013, 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 28TH day of January, 2013. EST: A: Patrice Fogarty, City cretary APPROVED: Clark Askins, Assistant City Attorney EXHIBIT A (ORIGINAL BUDGET) City of La Porte Consolidated Summary of All Funds FY 12-13 FY 12-13 Revenues Expenses Governmental Fund Types: 2,358,079 2,523,298 General Fund 36,782,412 36,545,885 Grant Fund 6,360,348 6,552,810 Street Maintenance Sales Tax 864,699 1,200,000 Emergency Services District 864,699 802,785 Hotel/Motel Occupancy Tax 426,500 565,285 Economic Development Corporat 1,730,397 816,318 Tax Increment Reinvestment 1,634,048 2,613,579 Total Governmental Types 48,663,103 49,096,662 Enterprise: Utility 8,061,800 8,079,358 Airport 54,500 63,669 La Porte Area Water Authority 1,230,550 1,195,760 Total Enterprise 9,346,850 9,338,787 Internal Service Motor Pool 2,358,079 2,523,298 Insurance Fund 5,684,427 5,709,684 Technology Fund 170,083 - Total Internal Service 8,212,589 8,232,982 Capital Improvement: General 280,000 673,500 Utility 301,000 175,000 Sewer Rehabilitation 250,500 350,000 Drainage Improvement Fund 266,350 250,000 2007 C/O Bond Fund - 23,391 2010 C/O Bond Fund - 1,075,223 Other Infrastructure - 50,807 Total Capital Improvement 1,097,850 2,597,921 Debt Service: General 2,459,168 2,508,337 Utility 287,544 296,861 La Porte Area Water Authority 698,556 698,556 Total Debt Service 3,445,268 3,503,754 Total All Funds 70,765,660 72,770,106 EXHIBIT B (AMENDED BUDGET) City of La Porte Consolidated Summary of All Funds FY 12-13 FY 12-13 Revenues Expenses Governmental Fund Types: 8,061,800 8,079,358 General Fund 36,788,212 38,093,712 Grant Fund 6,690,048 6,915,266 Street Maintenance Sales Tax 864,699 1,200,000 Emergency Services District 864,699 802,785 Hotel/Motel Occupancy Tax 426,500 565,285 Economic Development Corporal 1,730,397 822,013 Tax Increment Reinvestment 1,634,048 2,613,579 Total Governmental Types 48,998,603 51,012,640 Enterprise: Utility 8,061,800 8,079,358 Airport 54,500 63,669 La Porte Area Water Authority 1,230,550 1,195,760 Total Enterprise 9,346,850 9,338,787 Internal Service Motor Pool 2,358,079 3,381,736 Insurance Fund 5,684,427 5,709,684 Technology Fund 170,083 - Total Internal Service 8,212,589 9,091,420 Capital Improvement: General 1,523,000 1,916,500 Utility 301,000 255,000 Sewer Rehabilitation 250,500 350,000 Drainage Improvement Fund 266,350 250,000 2006 GO Bond Fund - 40,000 2007 C/O Bond Fund - 23,391 2010 C/O Bond Fund - 1,075,223 Other Infrastructure - 50,807 Total Capital Improvement 2,340,850 3,960,921 Debt Service: General 2,459,168 2,508,337 Utility 287,544 296,861 La Porte Area Water Authority 698,556 698,556 Total Debt Service 3,445,268 3,503,754 Total All Funds 72,344,160 76,907,522