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HomeMy WebLinkAboutRes 2025-08-1805 Ratify and Approve the FY 2025-2026 Budget for CDCCITY OF ANNA, TEXAS RESOLUTION NO. Q o.1 5- o - 1605 A RESOLUTION OF THE CITY OF ANNA, TEXAS RATIFYING AND APPROVING THE FISCAL YEAR 2025-2026 BUDGET FOR THE ANNA COMMUNITY DEVELOPMENT CORPORATION; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City of Anna, Texas is a home -rule municipality located in Collin County, created in accordance with the provisions of the Texas Local Government Code and operating pursuant to enabling legislation of the State of Texas, and WHEREAS, the Anna Community Development Corporation, hereinafter the "ACDC" is a Type B development corporation operating pursuant to the Development Corporation Act of 1979 now codified as Chapter 505 of the Texas Local Government Code; and WHEREAS, the ACDC Board of Directors approved the Fiscal Year 2025-2026 at the July 10, 2025, Joint Board Meeting; and WHEREAS, the City of Anna desires to approve and ratify such said ACDC Budget. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS, THAT: Section 1. Recitals Incorporated The recitals set forth above are incorporated herein for all purposes as if set forth in full. Section 2. Adoption of Fiscal Year 2025-2026 Budget The City Council of the City of Anna, Texas hereby approves the Anna Community Development Corporation 2025-2026 fiscal year budget as set forth in Exhibit A, attached hereto and incorporated herein for all purposes as if set forth in full. PASSED AND APPROVED by the City Council of the City of Anna, Texas this 12t" day of August 2025. *�APPROVED: THECrTY "r% �Ae Cain, Mayor � ATTEST: Carrie L. Land, City ecretary Anna, Texas Account Number Account Name Fund: 890 - Community Development Corporation Department: 825 - Community Development Corporation 890-825-61010 Salaries 890-825-61110 Payroll Taxes -City Part FICA 890-825-61210 Health Insurance 890-825-61220 TMRS Retirement 890-825-61230 Unemployment 890-825-61240 Worker's Compensation 890-825-62011 Office Supplies Budget Detail Budget Code Description PB 2025-2026 basic needs 890-825-62012 Other Supplies - Misc. Budget Detail Budget Code Description PB 2025-2026 meals, meetings supplies, or other administrative 890-825-62210 Postage Budget Detail Budget Code Description PB 2025-2026 mailing bills, etc 890-825-62310 Clothing Supplies Budget Detail Budget Code Description PB 2025-2026 new logo, new councilmembers, new board members 890-825-62910 IT Supplies 890-825-67000 Contract Services Budget Detail Budget Code Description PB 2025-2026 Costar PB 2025-2026 Downtown Lawn Care PB 2025-2026 Eisenburg Marketing and Branding Plan PB 2025-2026 GISWebtech PB 2025-2026 Impact Data Source PB 2025-2026 Interurban Pedestrian Corridor Project PB 2025-2026 Residential Strategies PB 2025-2026 Resimplifi Real Estate Data PB 2025-2026 Retail Coach PB 2025-2026 Tax software PB 2025-2026 Web Hosting 890-825-67016 Promotion Expense Budget Detail Budget Code Description P8 2025-2026 BRE Program PB 2025-2026 Chamber Event Sponsorship PB 2025-2026 Development Forum Event PB 2025-2026 Marketing Plan Implementation - digital, social, p 890-825-67019 Legal Expense 890-825-67020 Audit/Accounting Expense Budget Listinj For Fiscal: 2025-2026 Period Ending: 10/31/202 2025.2026 PB 2025-2026 408,855.00 31, 278.00 44,000,00 60,143.00 491.00 7,000.00 4,000.00 9,000.00 400,00 4,500.00 4,500.00 190,700.00 303,000.00 25,000.00 7,500.00 Units Price Amount 1,00 4,000.00 4,000.00 Units Price Amount 1.00 9,000.00 9,000.00 Units Price Amount 1.00 400.00 400.00 Units Price Amount 1.00 4,500.00 4,500.00 Units Price Amount 1.00 6,500.00 6,500.00 1.00 12,000, 00 12,000, 00 1.00 65,000.00 65,000.00 1.00 6,000.00 6,000.00 1.00 6,500.00 6,500.00 1.00 52,000.00 52,000.00 1,00 3,500.00 3,500.00 1.00 5,200.00 5,200.00 1.00 25,000.00 25,000,00 1.00 5,000.00 5,000.00 1.00 4,000.00 4,000.00 Units Price Amount 1.00 5,000.00 5,000.00 1.00 8,000.00 8,000.00 1.00 5,000.00 5,000.00 1.00 285,000.00 285,000.00 Budget Listing For Fiscal: 2025-2026 period Ending: 10/31/20 Account Number Budget Detail Budget Code PB 2025-2026 890-825-67031 Budget Detail Budget Code PB 2025-2026 890-825-67053 Budget Detail Budget Code PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 890-825-67058 890-825-67061 Budget Detail Budget Code PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 890-825-67200 Budget Detail Budget Code PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 PB 2025-2026 890-825-67790 Budget Detail Budget Code PB 2025-2026 PB 2025-2026 PB 2025-2026 2025-2026 Account Name PB 2025-2026 Description Units Price Amount CPA services - audit, 990, 1099s 1.00 7,500.00 7,500.00 Public Notices - Advertising 500.00 Description Units Price Amount publish notices 1.00 500.00 500.00 Economic Development Grant Expense 1,110,000.00 Description Units Price Amount CDC grant to EDC 1.00 60,000.00 60,000.00 Chief Partners Sales Tax Incentive Phase II 1.00 300,000.00 300,000.00 Other Targeted Area Economic Development Grants 1.00 600,000.00 600,000.00 TDA Downtown Revitalization Grant/CDF Match Grant 2.00 75,000.00 150,000.00 Insurance - Property & Liability 800.00 Dues, Publications & Licenses 17,665.00 Description Units Price Amount Anna Chamber of Commerce Membership 1.00 3,000.00 3,000.00 APA Membership (ST) 1.00 450.00 450.00 Brew City, Texas Annual Membership 1.00 350.00 350.00 Canva (Newsletter) 1.00 250.00 250.00 Dallas Morning News 1.00 200,00 200.00 D8J 1.00 350.00 350.00 ICMA/TCMA 1.00 600.00 600.00 ICSC 10.00 245.00 2,450.00 IEDC 3.00 455.00 1,365.00 Jasper Software 1.00 800.00 800.00 Mailchimp (Newsletter) 1.00 600.00 600.00 TEDC 3.00 550.00 1,650.00 Texas Downtown Association 1.00 600.00 600.00 TxEDC 1.00 5,000.00 5,000.00 Travel/Training Expense 60,975,00 Description Units Price Amount Area Development Womens Conference (Nat) 1.00 2,800.00 2,800.00 Bisnow Event Registrations 1.00 1,000.00 1,000.00 Collin County Summit Sponsrship 1.00 7,500.00 7,500.00 DFW Marketing Team Trips 1.00 2,500.00 2,500.00 International Council of Shopping Centers Annual C 1.00 15,000.00 15,000.00 International Council Shopping Centers Texas 1.00 7,000.00 7,000.00 International Economic Development Council Annual 2.00 1,250.00 2,500.00 Official Austin Visits Government Outreach 1.00 2,500.00 2,500.00 OU EDI Courses for (ST) 1.00 7,000.00 7,000.00 Quartly Legislative Initiatives 1.00 6,000.00 6,000.00 TEDC Sales Tax Workshop 3.00 225.00 675.00 Texas Economic Development Council Annual Conferen 2.00 2,000.00 4,000.00 Urban Land Inst 1.00 2,500.00 2,500.00 Interest Expense 271,412.00 Description Units Price Amount Lamar Bank August Payment 1.00 25,141.00 25,141.00 Lamar Bank May Payment 1.00 24,867.00 24,867.00 Lamar Bank November Payment 1.00 26,785.00 26,785.00 Budget Listing For Fiscal: 2025-2026 Period Ending: 10/31/202 2025-2026 Account Number Account Name PB 2025-2026 PB 2025-2026 Sales Tax Revenue Bonds, Series 2012-B Aug Payment 1.00 13,398.00 13,398.00 PB 2025-2026 Sales Tax Revenue Bonds, Series 2012-B Feb Payment 1.00 15,092.00 15,092.00 PB 2025-2026 Sales Tax Revenue Bonds, Series 2016 Aug Payment 1,00 28,000.00 28,000.00 PB 2025-2026 Sales Tax Revenue Bonds, Series 2016 Feb Payment 1.00 28,205.00 28,205.00 PB 2025-2026 Southside Banc Shares April Payment 1.00 27,331.00 27,331.00 PB 2025-2026 Southside Banc Shares July Payment 1.00 27,020.00 27,020.00 PB 2025-2026 Southside Bancshares Jan Payment 1.00 27,636,00 27,636.00 PB 2025-2026 Southside Bancshares Oct Payment 1.00 27,937.00 27,937.00 890-825-69310 Land Acquisition 525,000.00 Budget Detail Budget Code Description Units Price Amount PB 2025-2026 Land Acquisition 0.00 0.00 525,000.00 890-825-71090 Debt Service - Principal 367,329.00 Budget Detail Budget Code Description Units Price Amount PB 2025-2026 Lamar National Bank August Payment 1.00 39,810.00 39,810.00 PB 2025-2026 Lamar National Bank February Payment 1.00 38,703.00 38,703.00 PB 2025-2026 Lamar National Bank May Payment 1.00 40,085.00 40,085.00 PB 2025-2026 Lamar National Bank November Payment 1.00 38,166.00 38,166.00 PB 2025-2026 Sales Tax Revenue Bonds Series 2012-B 1.00 110,000.00 110,000,00 PB 2025-2026 Sales Tax Revenue Bonds, Series 2016 1.00 25,000.00 25,000.00 PB 2025-2026 Southside Bancshares April Payment 1.00 19,042.00 19,042.00 PB 2025-2026 Southside Bancshares January Payment 1.00 18,736.00 18,736.00 PB 2025-2026 Southside Bancshares July Payment 1.00 19,352.00 19,352.00 PB 2025-2026 Southside Bancshares October Payment 1.00 18,435.00 18,435,00 Total Department: 825 - Community Development Corporation: 3,454,048.00 Total Fund: 890 - Community Development Corporation 3,454,048.00 Report Total: 3,454,048.00