HomeMy WebLinkAboutOrd 1855- Budget 08
ORDINANCE NO. 1855
AN ORDINANCE APPROVING AND ADOPTING A BUDGET FOR .-THE ,'~
FISCAL YEAR BEGINNING JANUARY 1,2008 AND ENDING DECElVIBER
31,2008; APPROPRIATING FUNDS FOR SUCH BUDGET; CONTAINING
FINDINGS AND PROVISIONS RELATING TO THE SUBJECT; AND
DECLARING AN El\1ERGENCY.
WHEREAS, as required by the City Charter and state law, the City Manager
has prepared and submitted to the City Council a budget with estimates of
expenditures and revenues of all city departments and activities for the year beginnillg
January 1,2008 and ending December 31,2008; and
WHEREAS, such budget has been timely filed with the City Secretary, the
City Council has had sufficient time to review and revise such budget and .notice of a
.public hearing upon such budget l1as been duly given; and
WHEREAS, a public hearing has been held, and all taxpayers and interested
persons were provided an opportunity to attend and .participate in such hearing; and
WHEREAS, public participation, in.put and suggestions regarding the budget
have been. received and considered by the City Council, and the City Council has
made changes as the City Council considers warranted by law in the best interest of
the municipal taxpayers, and the City Council has found and determined that the
budget adopted by this ordinance does not allow expe.nditures during the budget
period in excess of funds estimated to be on hand during the same period;
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF WEST UNIVERSITY PLACE:
Section 1 ~ The matters and facts set out in the preamble of this ordinance are
found and determined to be true and C011~ect and are hereby approved and adopted by
the City Council.
Section 2. The document entitled "City of West University Place Budget, For
the Fiscal Year Beginning January 1, 2008 and E.nding December 31, 2008"
('~B udget") is hereby approved and adopted. A true copy of the Budget is attached to
and made a part of this ordinance as Exhibit A. Funds in the amounts indicated in
such Budget for each fund is appropriated for the purposes and projects described in
s.uch Budget.
Section 3. That this ordinance approving and adopting the Budget is made in
all things in accordance with the terms and provisions of the City Charter of the City
of West University Place, Texas and the laws of the State of Texas and shall be
interpreted and construed in compliance therewitll.
Section 4. All ordinances and parts of ordinances In conflict herewith are
hereby repealed to the extent of the conflict only.
Section 5. If any word, phrase't clause, sentence, paragraph, section or other
part of this ordinance or the application thereof to any person or circumstance, shall
ever be held to be invalid or unconstitutional by any court of competent jurisdiction,
neither the remainder of this ordinance, nor the application of such word, phrase,
clause, sentence, paragraph, section, or other part of this ordinance to any other
persons or circumstances, shall be affected thereby.
Section 6. The City Council officially finds, determines and declares that a
sufficient written notice of the date, hour, place and subject of each meeting at which
this ordinance was discussed, considered, or acted upon was given in the manner
required by the Open Meetings Act, Chapter 551, Texas Local Government Code, as
amended, and that each such meeting has been open to the public as required .by law
at all times during such discussion, consideration and action. The City Council
ratifies, approves and confirms such notices and the contents and posting thereof.
Section 7. After adoption of the Budget, the City Manager shall provide for
the filing of a true copy of the Budget (and each alnendment) in the office of the
County Clerk of Harris County, Texas.
Section 8. The public importance of this measure and the requ.irements of the
law create an emergency and all urgent public necessity requiring that this Ordinance be
passed and take effect as an emergency measure, and a state of emergency is hereby
declared, al1d this Ordinance is accordingly passed as an emergellCY measure and shall
take effect immediately upon adoption and signature.
PASSED, APPROVED ADOPTED AND SIGNED ON, this 12th day of November
2007.
VotingAye:~d~ ~,J~~.{4-/~/d~ rr ~dd
V oting Nay: fi/c:J~fZ-.
Absent: //C,LIJtE-
Signed:
IP/~
Bob Kelly
Mayor
~~~
Kaylyrm Holloway
City Secretary
(SEAL)
RECOMMENDED:
REVIEWED:
?k/? .
City Attorney
n Exhibit AU 1 of 11
2008 Budget
crry OF WEST UNIVERSITY I'LACE BUDGET
FOR THE FISCAL YEAR BEGINNING JANUAUV 1, 2007 AND ENDING
n"ECEi"ffiER 31,2008
2006 2007 2008
Act ua 1 Esti n13 ted Budget
GENERAL FUND
BEGINNING BALANCE
Cash S 3,333,452 $ 4,801,342 $ 5,]2],342
Less: Obligations (633, (35) (2,668~645 )
NET BEGINNING BALANCE 3~333,452 4~ J 68~207 2~452,697
REVENUES
Ad Valorem Taxes 5,865,156 6, ] 7 6~250 6,632,630
Franchise Fees 1,015,725 953,090 961 ~OOO
City Sales Tax 1 ,028 t 946 830,000 864,600
Licenses and Perm its 554~263 482,200 693,070
Fees for Services 409,139 439,000 447,000
Other Charges and Pees 2f4,595 224,990 221, r40
Recreat ion Fees 639,853 702~ 140 659 ~3 30
Fines and Court Costs 250,849 226~450 248 ~200
Investment earnings 268,377 360~OOO 250,000
Other Revenues 153,215 249,000 219~960
Interfund Transfers 870,000 940,000 940,000
TOT AL REVENUES 1 L270J 18 11 ,583, ] 20 12, 136~930
EXPENDITURES
Adm in j strati on 91 1,548 806,020 868,380
Finance 1,469,606 1,465,540 1,488,870
Pol ice 2J07J28 2.762~ l20 3J 23,280
Fire 2,321,400 2, 3 34~3 60 2,528310
Pu b] ic Warks 1,557,955 1,902,0 [0 2,064,360
Parks and Recreation 1,467,726 I ~643~580 1 ,906,780
Transfer lo Capital Reserve Fund 1,850,000
Transfer to Capital Improvement Fund 271,000
Transfer to Streetlight Improvenlent Fund 264,000
TOT AL EXPENDITURES 1 O~435J63 13,298,630 11,979,980
NET REVENUES (EXPENDITURES) 834,755 (I ,715,51 0) 156~ 950
NET ENDING BALANCE 4, 168,207 2~452~697 2,609,647
Cash 4,80] ,342 5,12[~342 4,921,342
Obli nations (1 ) $ (633, l35) $ (2,668~645) $ (2311,695)
(I) Includes $ 145,000 for the City Managerls employment contract
...
r
II Exhibit An 2 of 11
2008 Budget
CITY OF WEST UNIVERSITY PLACE BUDGET
FOR THE FISCAL YEAR BEGINNING JANUARY 1,2007 AND ENDING
DECEIVIDER 31, 2008
2006 2007 2008
Actual Estimated Budact
DEBT SERVICE FUND
BEGINNING BALANCE
Cash S 996~927 $ I ~ 169,072 $ 1,202,652
Less: Obligations
NET BEGINNING BALANCE 996~927 I , 169~O72 1,202,652
REVENUES
Ad Valorem Taxes 6,748,355 6,732~O90 6,403,500
Interest I J 8,703 104,000 7 5l 000
Proceeds froln refund i ng bonds
TOT AL REVENUES 6,867,058 6,836,090 6,4 78~500
EXPENDITURES
Debl S erv ice and Fees 6,694~ 913 6~802;5 ] 0 6,805,270
TOT AL EXPENDITURES 6,694,913 6,802,5 10 6,805,270
NET REVENUES (EXPENDITURES) 1 72J 45 33,580 (326,770)
NET ENDING BALANCE 1, 169~O72 1,202,652 875,882
Cash 1, 169~O72 11202,652 875,882
ObI icrations $ $ $
WATER FUND
BEGINNING BALANCE
Cash $ L (02~728 $ L096~619 S I ~216,6 (9
Less: Obligations (299,470) (I 06~312) (672,702 )
NET BEGINNING BALANCE 803,258 990~307 543,917
REVENUES
Serv ice Charges 4,800~O28 4~302,800 5 ,465 ~OOO
I nteresl 42,3 l4 20~OOO 20,000
Olher
TOT AL REVENUES 4,842~342 4,322,800 5~485,OOO
EXPENDITURES
Pu bl ic Warks 2~737~998 2,8 l 7,3 1 0 3~ 112~590
N on~ Dcpartlnenla l [ ~917~295 l ~95 1,880 2,179,320
TOT AL EXPENDITURES 4,655~293 4,769~ (90 5,291,9 fa
NET REVENUES (EXPENDITURES) 187,049 ( 446,390) 193,090
NET ENDING BALANCE 990~3 07 543,917 737~OO7
Cash 1 ~096,6 l 9 1,216,619 ] ,216,619
ObI i (lations $ (1 06~3 [2) $ (672~702) $ (479~612)
II Exhibit An 3 of 11
2008 Budget
CITY OF WEST UNIVERSITY PLACE BUDGET
FOR THE FISCAL YEAR BEGINNING JANUARY 1,2007 AND ENDING
DECEl\rIBER 31, 2008
2006 2007 2008
Actua [ Est [mated Budget
SOLID WASTE FUND
BEGINNING BALANCE
Cash S 465 ~ 191 $ 279.844 $ 350.000
Less: Obligations (81 ~952) ( 40~249) (8~285)
NET BEGINNING BALANCE 383~239 239,595 34 L 7 15
REVENUES
S ervi cc Charges 944~897 940.000 940~OOO
Sales of Recyclable Material 134~85 0 300.000 300~OOO
Interest 30J04 30.000 30~OOO
TOT AL REVENUES L J 1 O~O51 I ~2 70,000 1 ,2 70~OOO
EXPEN DITURES
Operat ions 1 ,028~69 5 887,880 l,024J50
Adnl i n i stra ticn 225~OOO 280,000 280~OOO
TOT AL EXPENDITURES 1 ,253 ~69 5 1, 167,880 1 J04~350
NET REVENUES (EXPENDfTURES) (.l 43 .644) 1 02, 120 (34,350)
NET ENDING BALANCE 239,595 34 L 715 307~365
Cash 279.844 350.000 355~OOO
Net Ob l i galions $ ( 40~249) $ (8.285) $ (47~635)
CAI)ITAL PROJECTS .FUND
BEGINNING BALANCE
Cash $ ] 44~419 $ 569,643 $
Less: Obi igations (32~O23) (75) (280~072 )
NET BEGINNING BALANCE 112,396 5 69 ~568 (280,072 )
REVENUES
Transfers fronl:
Infrastructure replacemenl 150.000
Cap i La [ reserve 500~OOO
Genera I Fu nd 264.000
Inleresl 15 ~O91 15,000 15 ~ 000
Friends of West U Parks 23,852 ( OO~OOO
Debt 473,285 2,000.000
TOT AL REVENUES 662,228 3 79 ~OOO 2,5 15 ~OOO
EXPENDITURES
Fire .Appratus 483~333
Rice Pocket Park/Coul1yard 25 ~ 063 325307 25,000
Police Station/EOe Expansion 9~895
Acqu istion of Parks 420.000 1.580,000
Cansol idatc COOlputer Servers 45 ~OOO
Elncrgcncy power generators 500,000
Com p leted proj eels 1 70~O98
Fi sea] Y car 2006 Conl ingcncy 25,000
TOT AL EXPENDITURES 205.056 1 ~228~640 2~ 175~OOO
NET REVENUES (EXPENDITURES) 457. 172 (849~640) 340,000
NET ENDING BALANCE 569 ~568 (280~072 ) 591928
Cash 569~643 12~396
ObI i ('rations $ (75) $ (280~O72) S
lJExhibit AU 4 of 11
2008 Budget
CITY OF WEST UNIVERSITY PLACE BUDGE1~
FOI~ ~rHE FISCAL YEAR BEGINNING JANUARY.1, 2007 AND ENDING
DECElVIB.ER 31, 2008
2006 2007 2008
Actua 1 Estinlalcd Budcrct
INFRASTRUCTURE REPLACEiVIENT FUN.D
BEGINNING BALANCE
Cash $ 3~669, 110 S 1 ~003 ,83 7 $ 50~OOO
Less: Obi iga t ions
NET BEGINNING BALANCE 3~669~ ( 10 1 ,003 ~83 7 50,000
REVENUES
G ranls
Bond Proceeds
Interest 165,039
Other L 173~668
TOT AL REVENUES 1338,707
EXPEN DITURES
Area 10 & I I B 3,336,197 650,000
Arbitrage Rebate Calculations 25 ~OOO
Transfer (0 sidewalk fund 303~83 7
A llowence for Arb itrage Rebate 25,000
Relurn METRO Grants 667,783
TOT AL EXPENDITURES 4,003,980 953,837 5 O~OOO
NET REVENUES (EXPENDITURES) (2,665 ~27 3 ) (953,837) (50~OOO)
NET ENDING BALANCE 1 ,003~83 7 50,000
Cash [,003~83 7 237,000
ObJ i oa tions $ $ $
SIDEW ALK CONSTRUCTION FUND
BEGINNING BALANCE
Cash $ 3~061 ~275 $ 541,475 $ 49~372
Less: Obligations
NET BEGINNING BALANCE 3~061 ,275 541,475 49,372
REVENUES
Interest 110,859 30~OOO 25,000
COl1lribution from Cily of Houston 286~OOO
Metro Allocation 543~O38 380,000 259.000
Transfer from I nfrastructu re 303~837
TOT AL REVENUES 653~897 713~837 570~ 000
EXPENDITURES
Sidewalk Construction 3~ 173,697 J ~205? 940 6] 9 J 72
TOT AL EXPENDITURES 3~ 173,697 1 ~205, 940 619,372
NET REVENUES (EXPENDITURES) (2~519~800) (492J 03) (49J72)
NET ENDING BALANCE 54 L4 7 5 49J72
I Cash 54L475 2~442~607 ;:I
Obligations $ $ $
U Exhibit AU 5 of 11
2008 Budget
CITY OF WEST UNIVERSI.TY PLACE BUDGET
FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2007 AND ENDING
DECE~mER 31, 2008
2006 2007 2008
Actua [ Estinlated BudGet
TRANSPORTATION IlVIPROVE~mNT FUND
BEGINNING BALANCE
Cash $ $ $ 2,257,5 (7
Less: Obligations (92,483 ) (92,483 )
NET BEGINNING BALANCE (92~483 ) (92,483 ) 2~257j 17
REVENUES
METRO Transportation Grant 500~OOO 3~833~OOO
Transfer from the General Fund I ~850,OOO
I ntercst on invcstnlcnts IOO~OOO
Debt 2,200,000
TOT AL REVENUES 2,350,000 6, 133~OOO
EXPEN DITURES
I ssuance costs 50,000
Trans fer to Cap i tal Reserve 1,850,000
Transportation (lnprovements 6,490,520
TOT AL EXPENDITURES 8,390,520
NET REVENUES (EXPENDITURES) 2350,000 (2,257,520)
NET ENDING .BALANCE (92~483 ) 2~257 ,517 (3)
Cash
Obi iaations $ (92~483 ) $ (92~483 ) $
STREELIGHT IMPROVE~IENT FUND
BEGINNING BALANCE
Cash S $ $
Less; Db (igation s
NET BEGJNNlNG BALANCE
REVENUES
Allocation from METRO Grant Fund 589,000
Transfer from Genera 1 Fund 271,000
Transfer froln Cap ita 1 Reserve J ~200,OOO
TOT AL REVENUES 860,000 ] ~200,OOO
EXPENDITURES
Dra inage I mprovemcn ts 860~OOO 1 ~200~OOO
TOT AL EXPENDITURES 860~OOO 1 ~200,OOO
NET REVENUES (EXPENDITURES)
NET ENDING BALANCE
I Cash ~ I
Db 1 igal ion s $ $ S
UExhibit AU 6 of 11
2008 Budget
CITY OF WEST UNIVERSITY PLACE BUDGET
FOR THE FISCAL YEAR "BEGINNING JANUARY 1, 2007 AND ENDING
DECElVffiER 31, 2008
2006 2007 2008
Actual Esti ma ted Bud o-et
CAPrrAL RESERVE FUND
BEGINNING BALANCE
Cash $ $ $
Less: Obi igat ions
NET BEGINNING BALANCE
REVENUES
Transfer fronl Transportalion Improvement Fund 1 ~850,OOO
TOT AL REVENUES t ~850~OOO
EXPEND ITURES
Transfer to Streetlight .Improvement Fund [ ~2001000
Transfer to Capital Improvement Fund 500iOOO
Any purpose authorized by Council [ 50~OOO
TOT AL EXPENDITURES I ~850,OOO
NET REVENUES (EXPENDITURES)
NET ENDING BALANCE
I Cash ~ I
Obi igat ions $ $ $
WATER AND SEWER CAPITAL RESERVE FUND
BEGINNLNG BALANCE
Cash $ 6 15~651 S 306,557 $ 306~5 5 7
Less: Obligations
NET BEGINNING BALANCE 615 ~651 306~557 306~5 5 7
REVENUES
Transfer from Water Fund 250,000
TOT AL REVENUES 250~OOO
EXPENDITURES
Pa irH s(orage tank 309,094 253,000
Repl ace belt press 195~OOO
Any pu rpose authorized by Cou nc it
TOT AL EXPENDITURES 309 ~O94 448.000
NET REVENUES (EXPENDITURES) (309~094 ) ( 198 ~OOO)
NET ENDING BALANCE 3 06~557 306.557 ] 08~557
I Cash 3 06 ~557 306.557 ~ I
ObI igations S $ $
II Exhibit AU 7 of 11
2008 Budget
CITY OF WEST UNIVERSITY PLACE BUDGET
FOR THE I?ISCA.L YEAR BEGINNING JANUARY 1,2007 AND ENDING
D ECEl\'IBER 31, 2008
2006 2007 2008
Actual ESli ma ted Bud (Tel
EIVIPLOYEE BENEFrr FUND
BEGINNING BALANCE
Cash S 2, 182 $ 14~ 503
Less: Obi i gat iOllS 20,457
NET BEGINNING BALANCE 2~ 182 14,503 (20~457)
REVENUES
Interest on investnlcnts 1 ~OOO 1 ~OOO
Transfer from other funds 59 ~ 72 I 1,225380 1 ,491,560
Employee contributions 167,200 [86~ [00
Other revenues 11378
TOT AL REVENUES 71,099 ( ,393~580 I ~6 78 ~660
EXPENDITURES
Benefits 58,778 1 ,428~540 1,633,430
TOT AL EXPENDITURES 58,778 ] ,428,540 1,633,430
NET REVENUES (EXPENDITURES) 12,321 (34,960) 45~230
NET ENDING BALANCE 14,503 (20~457) 24,773
Cash 14,503 24,773
o bl i ations $ S 20~457 $
EQUIPlVlENT REPLACEl\tffiNT FUND
BEGINNING BALANCE
Cash $ 61,957 $ 207 ~23 6 S 340,566
Less: Obligations
NET BEGINNING BALANCE 61,957 207 ~ 236 340~566
REVENUES
Transfers from other Funds 257 ~ 799 286,900 33 6J 00
Other Revenues ( 8,343 l ,800
Interest 8,526 [ 4~ 000 3,500
TOT AL REVENUES 284~668 302~700 339~600
EXPENDITURES
Rep lacement Equ i pment l39J89 169,370 518~OOO
TOT AL EXPENDITURES 139,389 169,370 518,000
NET REVENUES (EXPENDITURES) 145~279 133,330 (l78~400)
NET ENDING BALANCE 207,236 340~566 162~ 166
Cash 207,236 340,566 287,666
Ob t i gal ions $ $ $
"Exhibit AU 8 of 11
2008 Budget
CITY OF WEST UNIVERSITY PLACE BUDGET
FOR THE FISCAL YEAR BEGINNING JANUARY 1,2007 AND ENDING
DECEMBER 31, 2008
2006 2007 2008
Actual Estimated Bud o-el
TECHNO.LOGY lVlANAGEiVffiNT .FUND
BEGINNING BALANCE
Cash $ $ $ 19~830
Less: Obi igat ions
NET BEGINNING BALANCE 19,830
REVENUES
Trans (ers fronl other Funds 465,210 645~510
Other Revenues
Interest 4,500 3 ~OOO
TOTAL REVENUES 469,710 648~51 0
EXPEN DITURES
Adol inislra t ionIT ech no(ogy 449,880 641, 91 0
TOT AL EXPENDrTURES 449 ~880 64l ~ 91 0
NET REVENUES (EXPENDITURES) 19 ~830 6~600
NET ENDING BALANCE 1 9 ~830 26,430
I g~~~ga I ions 19~830 26,43~ I
$ $ $
P ARI(S FUND
BEGINNING BALANCE
Cash $ 13,344 $ I 0,808 S 208
Less: Obligations
NET BEGINNING BALANCE 13344 10,808 208
REVENUES
Contributions 4~367 4~300 4~300
Interest 372 100 100
TOT AL REVENUES 4,739 4~400 4~400
EXPENDITURES
Parks and Recreation 7,275 15 ~OOO 4,400
TOT AL EXPENDITURES 7 ~27S 15~OOO 4,400
NET REVENUES (EXPENDITURES) (2~536) (l0,600)
NET ENDING BALANCE $ 1 O~808 $ 208 $ 208
I Cash 1 O~808 208 20~ I
Obi igations
\
.. Exh ibit A It 9 of 11
2008 Budget
Cll~Y OI~~ "VEST UNIVERSITY PLACE BUDG.ET
FOR THE FISCAL YEAR BEGINNING .JANUARY 1,2007 AND ENDING
DECElVIBER 31, 2008
2006 2007 2008
Actu al ESlima ted Budget
COURT TECHNOLOGY FUND
BEGINNING BALANCE
Cash $ 2594 $ 6~436 S
Less: Obi igat ions (2,039)
NET BEGINNING BALANCE 2,594 6~436 (2~O39)
REVENUES
Interest on lnvestnlents 99 25 30
Cou rt Fees 81243 9 ~500 9,500
TOT AL REVENUES 8~ 342 9,525 9,530
EXPENDITURES
Data Processing Equipment 4~500 I 8 ~ 000 4~500
TOT AL EXPEN.DITURES 4,500 I 8 ~ 000 4~500
NET REVENUES (EXPENDITURES) 3~842 (8~4 75) 5 ~O30
NET ENDING BALANCE 6~43 6 (2~O39) 2,99 ]
Cash 6~436 2,986
Obila-alions $ $ (2~O39) $
lVlETRO GRANT FUND
BEGINNING BALANCE
Cash $ $ 259,000 $
Less~ Obligations
NET BEGINNING BALANCE 259~OOO
REVENUES
Interest on investments
METRO Grant 259,000 259,000 259,000
Unused METRO - Infrastructure 450~OOO
TOTAL REVENUES 259~OOO 709 ~OOO 259,000
EXPENDITURES
Any purpose authorized by Granl 968,000 259 ~OOO
TOTAL EXPENDITURES 968~OOO 259,000
NET REVENUES (EXPENDITURES) 259~OOO (259~OOO)
NET ENDrNG BALANCE 259.000
I Cash 259~OOO 3 30~OOO ~ I
Obi igations S $ $
UExhibit AU 1 0 of 11
2008 Budget
CITY OF WEST UNIVERSITY PLACE BUDGE~r
FOR THE FISCAL YEAR BEGINNING JANUARY 1,2007 AND ENDING
DECEIVffiER 31, 2008
2006 2007 2008
Actua l Es tilnated Budael
COURT SECURITY FUND
BEGINNING BALANCE
Cash $ S I ~O20 $ 8~520
Less: Obi igations
NET BEGINNING BALANCE 1 ~O20 8,520
REVENUES
Interest on investments
Court Fees 1,020 7 ~500 7500
TOTAL REVENUES 1 ~O20 7500 7,500
EXPEN DITURES
Building Security 16~OOO
TOT AL EXPENDITURES 16~OOO
NET REVENUES (EXPENDITURES) 1,020 7,500 (8~500)
NET ENDING BALANCE I ~O20 8~520 20
Cash 1 ~O20 8,520 I ,744
Db] i ations $ $ $
TREE REPLACl\'IENT FUND
BEGINNING BALANCE
Cash $ 13,875 $ 39~589 $ 52~589
Less: Obi igaliol1s
NET BEGINNING BALANCE 13~875 39,589 52,589
REVENUES
I nterest on in veslmelHs 1 ~OOO
Fees 27,0 (2 30~OOO 3 O~OOO
TOTAL REVENUES 27 ~O 12 30~OOO 3 1 .000
EXPEND ITURES
Pu b 1 ic works 1 ~298 17,000 50~OOO
TOT AL EXPENOrTURES I ~298 i 7 ~OOO 50~OOO
NET REVENUES (EXPENDITURES) 25~714 13 ~OOO (19~OOO)
NET ENDING BALANCE 39,589 52~589 33~589
Cash 39,589 52,589 33,589
Db l i a(ions $ $ $
U Exhibit A"
2008 Budget
11 of 11
CITY OF WEST UNIVERSITY PLACE BUDGET
FOR THE FISCA.L YEAR BEGINNING JANUARY 1,2007 AND ENDING
DECElVillER 31, 2008
2006 2007 2008
Actu al Estima led Bud get
RECREATION CENTER GRAN~r
BEGINNING BALANCE
Cash $ I 0,000 $ 125,423 $ L018,111
Less: Obi igalions
NET BEGINNING BALANCE t 0,000 l25~423 L018J II
REVENUES
In tereSl on in vestments 3,611 4,500 50,000
Grants III ~812 888~ 188
TOT AL REVENUES 115~423 892~6 88 50~OOO
EXPENDITURES
Public works 1,068, III
TOT AL EXPENDITURES I ,068J II
NET REVENUES (EXPENDiTURES) 115,423 892,688 (l ,0 i8, ill)
NET ENDING BALANCE ] 25~423 I.OI8~111
Cash ] 25,423 1,018,11]
Obligations $ $ $