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HomeMy WebLinkAboutPR 24115: APPROVAL OF ORANGE COUNTY APPRAISAL DISTRICT FUNDING ALLOCATION, $26,946.00 „„ „ . . -.„. City of - 4 , l /r, `, i ort rt r.-- — Tc=rus www.PortArthurTx.Rov INTEROFFICE MEMORANDUM Date: 1/10/2025 To: The Honorable Mayor and City Council Through: Ron Burton, City Manager From: Lynda Boswell, Director of Finance RE: PR No. 24115 -Approval of Orange County Appraisal District Funding Allocation Introduction: The intent of this Agenda Item is to seek the City Council's approval for the funding allocation for Orange County Appraisal District in the amount of$26,946. Background: The Appraisal District is supported solely by payments from the local taxing units served by the district. The Texas Property Tax Code requires each taxing unit participating in the Appraisal District to share in the budget in an amount equal to their proportion of the total dollar amount of property taxes imposed in the district by unit. The City's pro-rata share of the budget is calculated based on the City's share of the 2025 proposed entity allocations ($26,946). The proposed entity allocations were allocated based on the 2023 tax levy. The Orange County Appraisal District net budget for fiscal year 2025 is $2,493,456 and the City's pro-rata share is estimated to be $26,946 which is 1.08% of the total budget. Budget Impact: Funds are available in the Finance Department Account Number 001-07-015-5420-00-10-000, payable in quarterly installments of$6,737. Recommendation: It is recommended that City Council approve the funding allocation for Orange County Appraisal District, as discussed and/or outline above. "Remember,we are here to serve the Citizens of Port Arthur” P.O.Box 1089 X Port Arthur,Texas 77641-1089 X 409.983.8101 X FAX 409.982.6743 P.R. NO 24115 1/10/25 LYN RESOLUTION NO. A RESOLUTION AUTHORIZING THE 2024-2025 ORANGE COUNTY APPRAISAL DISTRICT FUNDING ALLOCATION IN THE TOTAL AMOUNT OF $26,946 FROM GENERAL FUND FINANCE DEPARTMENT'S ACCOUNT NO. 001-07-015-5420-00-10-000 WHEREAS, Section 6.06 of the Texas Tax Code requires each taxing unit participating in the Appraisal District to share in the budget equal to the proportion of the total dollar amount of property taxes imposed in the district by unit; and WHEREAS, the Orange County Appraisal District 2025 budget is $2,493,456, and the City of Port Arthur, Texas' ("City")pro-rata share is $26,946 or 1.08%; and WHEREAS,the City's pro-rata share of the budget is calculated based on the City's share of the 2025 entity allocations ($26,946). The entity allocations were based on the 2023 tax levy. (See Exhibit"A"). NOW THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR: Section 1. That the facts and opinions in the preamble are true and correct. Section 2. That the City Council authorizes the payment of the City's share of the Orange County Appraisal District 2024-2025 funding allocation in the amount of$26,946,payable in quarterly installments of$6,737 beginning December 1, 2024. Section 3. That a copy of the caption of this Resolution shall be spread upon the Minutes of the City Council. READ, ADOPTED, AND APPROVED, this _ day of January, 2025 AD, at a Regular Meeting of the City Council of the City of Port Arthur, Texas by the following vote: AYES: Mayor: Councilmembers: NOES: Thurman"Bill" Bartie, Mayor ATTEST: Sherri Bellard, City Secretary 4 APPROVED AS TO FORM: Roxann Pais Cotroneo, Esq. City Attorney APPROVED FOR ADMINISTRATION: Ron Burto , M City ager YIY/.26 J 4_3(9 -t-i-clif Lynda Boswell, Director of Finance I EXHIBIT "A" 1 I r _) 0 O H c' co 0) N!N co CO F tO-0D N c0�tO N U! M N W 0 a F 'f� U) H to .-ti p M CO H N t0 C' to as H 10 H m m C' O O N M N 01 V' . 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