From
Kathleen C. Mercer
Title
Second Public Hearing on the FY 2012/2013 Capital Improvement Projects Budget and an Ordinance Adopting the FY 2012/2013 Capital Improvements Projects Budget
Presenter
Kathleen C. Mercer, Director of Budget
Recommended Action
Conduct Second Public Hearing and Approve
Analysis
On August 24, 2012 the City Council met to deliberate the proposed Capital Improvement Projects Budget.
Financial Consideration
The proposed capital improvements project budget totals $35,911,030 and will be funded with general obligation bonds, certificates of obligation, and existing resources. The projects and funding sources are categorized as follows:
Appropriations : 35,911,030
Airport Capital Projects Fund 649,550
Capital Reserve Projects Fund 728,673
Fire Capital Projects Fund 1,802,399
Golf Capital Projects Fund 75,000
Lake Capital Projects Fund 530,000
Library Capital Projects Fund 483,368
Municipal Facilities Project Fund 2,353,369
Park Capital Projects Fund 4,980,000
Police Capital Projects Fund 2,305,856
Solid Waste Capital Projects Fund 1,200,000
Storm Water Utility Capital Projects Fund 3,848,535
Streets Capital Projects Fund 4,070,820
Water Capital Projects Fund 10,013,460
Wastewater Capital Projects Fund 2,870,000
Funding sources:
Cash/Other resources 25,465,178
Certificates of Obligation 6,660,450
General Obligation Bonds 3,613,790
Revenue Bonds -
TIF Revenue -
Cost of Issuance 171,612
Body
AN ORDINANCE OF THE CITY OF GRAND PRAIRIE, TEXAS, APPROVING THE FY 2012/2013 CAPITAL IMPROVEMENT PROJECTS BUDGET SUBMITTED BY THE CITY MANAGER OF THE CITY OF GRAND PRAIRIE, TEXAS, IN THE AMOUNT OF $35,911,030 WITH DETAIL BELOW BY FUND
WHEREAS, the City Manager of t...
Click here for full text