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HomeMy WebLinkAboutEDCRes2021.02.01ANNA ECONOMIC DEVELOPMENT CORPORATION RESOLUTION NO. 2.01.2 21 A RESOLUTION OF THE ANNA ECONOMIC DEVELOPMENT CORPORATION REGARDING THE APPROVAL OF AND AUTHORITY TO AMEND THE 2020-2021 FISCAL YEAR BUDGET BY CARRYING FORWARD UNEXPENDED PROMOTIONAL FUNDS IN THE AMOUNT OF $30,000. WHEREAS, effective October 1, 2020, the Anna Economic Development Corporation (the "EDC"), with the approval of the City of Anna City Council, approved its current fiscal year budget; and WHEREAS, the EDC seeks to make one or more line item amendments to its budget due to additional funds being needed in the promotion line item (90-826-6735). NOW THEREFORE, BE IT RESOLVED BY THE ANNA ECONOMIC DEVELOPMENT CORPORATION, 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 Amendment to the Current Fiscal Year Budget The EDC Board of Directors hereby approves amending the Anna Economic Development Corporation current fiscal year budget as set forth in Exhibit A, amended budget, attached hereto and incorporated herein for all purposes as if set forth in full. The Board further directs that this amendment to the current fiscal year budget be submitted to the City of Anna City Council for approval. PASSED AND APPROVED by the Anna Economic Development Corporation this 4t" day of February 2021. APPROVED: Anthony Richardson, EDC President ATTEST: Rocio Gonza"t6, EDC Secretary