Tax Increment Reinvestment Zone No. One
	Agenda Request
Agenda Of:	03-05-10	Agenda Request No:		v-a
Initiated By:	Jennifer Brown	Responsible Department:		Budget & Research
Presented By:	Jennifer Brown	Department Head:		Jennifer Brown Budget & Research Director
		Additional Department. Head (s):		N/A
Subject / Proceeding:	FY2011 Budget Preparation Establish Budget Committee
Exhibits:	None
Clearances			Approval
Legal:	N/a		Director:	Regina Morales
Purchasing:	N/A		Assistant City Manager:	N/A
Budget:	Jennifer Brown Budget & Research Director
Recommended Action
Appoint two board members as a Budget Committee
Executive Summary
City staff is beginning to prepare assumptions for the fiscal year 2011 budget. As the TIRZ board has expressed interest in providing input to the development of the operating budget, we are proposing to create a budget committee comprised of two members of the board. As we receive preliminary tax information from the appraisal district, staff will begin preparing a plan for the FY2011 budget. Much of the TIRZ budget is committed in support of POA events, and much of the rest is assigned to the Sugar Land 4B Corporation and Sugar Land Development Corporation to support repayment of the debt that the corporations issued to reimburse the Town Square developer for infrastructure and parking. The committee will meet with staff prior to presentation of the budget to the board to review estimated revenues and expenditures. Once a certified tax roll is received, the final budget will be presented to the board for approval.
Exhibits

N/A