HomeMy WebLinkAboutRes 2025-08-1806 Ratify and Approve the FY 2025-2026 Budget for EDCCITY OF ANNA, TEXAS
RESOLUTION NO. a o a 5- ® 8 -18e 6
A RESOLUTION OF THE CITY OF ANNA, TEXAS RATIFYING AND APPROVING THE
FISCAL YEAR 2025-2026 BUDGET FOR THE ANNA ECONOMIC 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 Economic Development Corporation, hereinafter the "AEDC" is a
Type A development corporation operating pursuant to the Development Corporation Act
of 1979 now codified as Chapter 504 of the Texas Local Government Code; and
WHEREAS, the AEDC 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 AEDC 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 Economic
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:
Cain, Mayor
ATTEST: * THECITYor
* 1111
TEXAS
Carrie L. Land, City'Secretary * 1911
Anna, Texas
Budget Listinj
For Fiscal: 2025-2026 Period Ending: 10/31/202
2025-2026
Account Number
Account Name
PB 2025-2026
Fund: 892 - Economic Development
Corporation
Department: 825 - Community Development Corporation
892-825-62012
Other Supplies - Misc.
0.00
892-825-62210
Postage
0.00
892-825-63012
Maint. & Repair - Buildings
50,000.00
Budget Detail
Budget Code
Description
Units
Price
Amount
PB 2025-2026
Maintenance/Repairs -312 N. Powell/101 S. Powell
1.00
50,000.00
50,000.00
892-825-66010
Electricity
5,000.00
Budget Detail
Budget Code
Description
Units
Price
Amount
PB 2025-2026
Based on three year history
1.00
5,000.00
5,000.00
892-825-66020
Gas - Natural/Propane
1,500.00
Budget Detail
Budget Code
Description
Units
Price
Amount
PB 2025-2026
Based on three year history
1.00
1,500.00
1,500.00
892-825-66030
City Utilities Water/Sewer/Trash
0.00
892-825-66040
Telecom
1, 800.00
892-825-67000
Contract Services
41,500.00
Budget Detail
Budget Cade
Description
Units
Price
Amount
PB 2025-2026
Printing
1.00
1,500.00
1,500.00
PB 2025-2026
Professional Services (target industry analysis)
1.00
40,000.00
40,000.00
892-825-67008
IT Support Services
0.00
892-825-67016
Promotion Expense
0.00
892-825-67019
Legal Expense
20,000.00
Budget Detail
Budget Code
Description
Units
Price
Amount
PB 2025-2026
legal fees
1.00
20,000.00
20,000.00
892-825-67020
Audit/Accounting Expense
5,000.00
Budget Detail
Budget Code
Description
Units
Price
Amount
PB 2025-2026
CPA Services - Audit, 1099 form 990
1.00
5,000.00
5,000.00
892-825-67053
Economic Development Grant Expense
400,000.00
892-825-67058
Insurance - Property & Liability
0.00
892-825-67130
Professional Services Non Contract
0.00
892-825-67200
Travel/Training Expense
0.00
892-825-67999
Other Services - Misc.
0.00
892-825-68910
Depreciation Expense
0.00
892-825-69010
Construction
0.00
892-825-69310
Land Acquisition
0.00
892-825-69410
Capital Expenditures
0.00
892-825-98100
Transfers Out
0.00
Total
Department: 825 - Community Development Corporation:
524,800.00
Total Fund; 892 - Economic Development Corporation
524,800.D0
Report Total:
524,800.00