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HomeMy WebLinkAbout(2) NOTICE OF A PUBLIC HEARING OF THE CITY COUNCIL AND EDC BUDGET FOR OCTOBER 1, 2019 AND ENDING SEPTEMBER 30, 2020 `\i / THURMAN BILL BARTIE,MAYOR = J RON BURTON HAROLD DOUCET,SR.MAYOR PRO TEM City of C� ` INTERIM CITY MANAGER COUNCIL MEMBERS: \ l SHERRI BELLARD,TRMC RAYMOND SCOTT,JR. �� CITY SECRETARY CAL J.JONES % ort rthur THOMAS J.KINLAW III VAL TIZENO CHARLOTTE MOSES Texas CITY ATTORNEY KAPRINA FRANK NOTICE OF A PUBLIC HEARING OF THE CITY COUNCIL Notice is hereby given that a Public Hearing of the City Council of the City of Port Arthur will be held on Tuesday, August 27, 2019 at 9:00 a.m., in the City Council Chamber, Fifth Floor, City Hall, 444 Fourth Street, Port Arthur, Texas, for the purpose of considering the Budget for the City of Port Arthur and the Port Arthur Section 4A Economic Development Corporation for the fiscal year beginning October 1, 2019 and ending September 30, 2020. A copy of a summary of the proposed operating budgets for the 2019-2020 fiscal year is attached hereto and made a part hereof as Exhibit "A". Citizens shall have the opportunity to provide written and oral comments and to ask questions concerning the entire budget. A copy of the Proposed Budget will be presented at the Public Hearing and can now be examined at City Hall in the office of the City Secretary and at the Port Arthur Public Library, 4615 9th Avenue, Port Arthur, Texas. / / - .• Sherri Bellard City Secretary Publication Date: Friday, August 16, 2019 and August 23, 2019 P.O. BOX 1089 ' PORT ARTHUR,TEXAS 77641-1089 • (409)983-8115 • FAX(409)983-8128 • www.portarthurtx.gov Exhibit"A" CITY OF PORT ARTHUR,TX AND THE CITY OF PORT ARTHUR SECTION A ECONOMIC DEVELOPMENT CORPORATION PROPOSED BUDGET FISCAL YEAR 2019-2020 This budget will raise more total property taxes than last year's budget by $2,269,345 or 12%, and of that amount, $369,508 is tax revenue to be raised from new property added to the tax roll this year. Revenues Expenditures GOVERNMENTAL FUNDS General Fund $ 73,401,556 $ 78,293,939 $ (4,892,383) Debt Service Fund 10,367,999 10,566,634 (198,635) GOVERNMENTAL FUNDS 83,769,555 88,860,573 (5,091,018) ENTERPRISE FUNDS Water and Sewer Fund 29,173,000 29,138,556 34,444 Solid Waste Fund 8,686,400 8,626,934 59,466 Pleasure Island Fund 981,234 1,050,832 (69,598) ENTERPRISE FUNDS 38,840,634 38,816,322 24,312 SPECIAL REVENUE FUNDS Transit Fund 2,567,380 2,567,380 - Hotel Occupancy Tax Fund 1,543,000 1,617,016 (74,016) Library Special Fund 5,500 - 5,500 Police Special Fund 26,000 156,000 (130,000) Commercial Traffic Enforcement 20,000 46,600 (26,600) Golf Course Fund 1,200 40,000 (38,800) Municipal Court Technology Fund 31,000 11,300 19,700 EDC Street Maintenance Fund 1,200,000 1,200,000 - Gaming Fund 350,000 389,801 (39,801) Disaster Recovery Housing Fund - 87,200 (87,200) Tax Increment Reinvestment Zone 4,000 - 4,000 SPECIAL REVENUE FUNDS 5,748,080 6,115,297 (367,217) TOTAL OPERATING FUNDS $ 128,358,269 $ 133,792,192 $ (5,433,923) INTERNAL SERVICE FUNDS Capital Reserve Fund 2,800,570 3,458,259 (657,689) Hospitalization Insurance Fund 9,122,500 10,623,840 (1,501,340) Worker's Compensation Fund 1,070,000 775,000 295,000 Other Employee Benefits Fund 1,820,000 1,038,500 781,500 General Liability Insurance Fund 1,876,600 1,950,000 (73,400) INTERNAL SERVICE FUNDS 16,689,670 17,845,599 (1,155,929) TOTAL ALL FUNDS $ 145,047,939 $ 151,637,791 $ (6,589,852) CAPITAL BUDGET $ 117,485,941 $ 117,485,941 $ - Economic Development Corporation $ 4,237,500 $ 9,995,448 $ (5,757,948)