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HomeMy WebLinkAboutO-2014-3528 amend Fiscal Year 2013-2014 BudgetORDINANCE AN ORDINANCE APPROVING AN AMENDMENT TO THE BUDGET FOR THE CITY OF LA PORTE, TEXAS, FOR THE PERIOD OF OCTOBER 1, 2013 THROUGH SEPTEMBER 30, 2014; 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, 2013, through September 30, 2014, 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, 2013, and a public hearing scheduled for September 9, 2013 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, 2013, through September 30, 2014. 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 July, 2014. CITY OF MPV,AE, TEXAS uis R/ Rigby, AT EST: Patrice Fogarty, Ci ecre ry APPROVED* Clark Askins, Assistant City Attorn s EXHIBIT A (ORIGINAL BUDGET) City of La Porte Consolidated Summary of All Funds Governmental Fund Types: General Fund Grant Fund Street Maintenance Sales Tax Emergency Services District Hotel/Motel Occupancy Tax Economic Development Corpora Tax Increment Reinvestment Total Governmental Types Enterprise: FY 13-14 FY 13-14 Revenues Expenses $ 38,841,726 $ 41,447,347 760,606 1 929,986 995,719 1,422,000 900,300 950,920 501,500 579,378 1,992,938 1,351,133 2,605,449 2,850,080 46,598,238 49,530,844 Utility 8,050,750 8,122,074 Airport 56,000 145,091 La Porte Area Water Authority 1,293,188 1,138,431 Total Enterprise 9,399,938 9,405,596 Internal Service Motor Pool Insurance Fund Technology Fund Total Internal Service Capital Improvement: General Utility Sewer Rehabilitation Drainage Improvement Fund 2010 C/O Bond Fund 2,549,643 3,153,328 5,772,081 5,648,364 322,115 230,000 8,643,839 9,031,692 2,172,000 3,568,000 1,200,500 1,168,000 300,500 570,000 266,500 453,000 - 1,711,847 Total Capital Improvement 3,939,500 7,470,847 Debt Service: General 4,040,932 3,859,125 Utility 287,544 287,044 La Porte Area Water Authority 688,650 688,650 Total Debt Service 5,017,126 4,834,819 Total All Funds $ 73,598,641 $ 80,273,798 EXHIBIT B (AMENDED BUDGET) City of La Porte Consolidated Summary of All Funds FY 13-14 FY 13-14 Revenues Expenses Governmental Fund Types: 3,153,328 5,772,081 General Fund $ 38,841,726 $ 41,647,865 Grant Fund 908,714 1,082,954 Street Maintenance Sales Tax 995,719 1,422,000 Emergency Services District 900,300 950,920 Hotel/Motel Occupancy Tax 501,500 693,378 Economic Development Corporal 1,992,938 1,997,133 Tax Increment Reinvestment 2,605,449 2,850,080 Total Governmental Types 46,746,346 50,644,330 Enterprise: Utility 8,050,750 8,157,074 Airport 56,000 152,091 La Porte Area Water Authority 1,293,188 1,138,431 Total Enterprise Internal Service Motor Pool Insurance Fund Technology Fund Total Internal Service Capital Improvement: General Utility Sewer Rehabilitation Drainage Improvement Fund 2010 C/O Bond Fund Total Capital Improvement Debt Service: 9,399,938 9,447,596 2,549,643 3,153,328 5,772,081 5,671,004 322,115 272,068 8,643,839 9,096,400 2,324,863 3,965,863 1,200,500 1,168,000 300,500 570,000 266,500 453,000 - 1,711,847 4,092,363 7,868,710 General 4,040,932 3,859,125 Utility 287,544 287,044 La Porte Area Water Authority 688,650 688,650 Total Debt Service 5,017,126 4,834,819 Total All Funds $ 73,899,612 $ 81,891,855