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' t CITY` 01p~ p <br />A gjjS ~ xa <br />r<lw <br />MEMORANDUM <br />To: City Council <br />From: Kevin Carruth, City ManagerlP <br />Re: Amended Proposed Budget <br />Date: September 12, 2008 <br />Accompanying this memo are updated budget pages reflectittg changes made in the amended <br />proposed budget. The revisions include: <br />1. An ad valorem tax rate of $0.52 <br />2. Adjusted sales tax revenue to current year's budgeted amount <br />3. No COLA or one-time payment flat cost of living assistance payment <br />4. No new positions except for one W1C clerk which is paid entirely by a State of Texas <br />grant <br />5. No reclassifications <br />6. No lease-purchases <br />7. Additional cuts in capital requests <br />8. General Fund ending balance of $254,369 <br />9. Water/Sewer Fund ending balance of $178,577 <br />10. The amended proposed budget utilizes $812,300 of a capital projects fund (see number <br />two below) for capital items, specifically: <br />Towable Lift Boom <br />Ink-less Book-in & ID System <br />SCADA Ph. II <br />SCADA - LCWSD <br />10 Process Analyzers & Filter Turbidimeters <br />Floculator Shafts <br />Floculator Discs <br />Valves for Master Lift & Biotower <br />2 Lifl Station Refurbishments <br />Traffic <br />$26,700 <br />Police <br />20,000 <br />Water Treatment <br />96,000 <br />Water Treatment <br />40,000 <br />Water Treatment <br />40,000 <br />Wastewater Treatment <br />120,000 <br />Wastewater Treatment <br />10,000 <br />Wastewater Treatment <br />60,000 <br />Lift Stations <br />25,000 <br />11. Moving the flowing items, originally proposed for lease-purchase, into the General Fund <br />and Water/Sewer Fund operating budgets: <br />P.O. BOX 9037 • PARIS, TEXAS 75461-9037 •(903) 785•7511 • FAX (903) 785-8519 <br />Exhibit "A" <br />- 000008 <br />