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HomeMy WebLinkAboutEDCRes2019.05.01ANNA ECONOMIC DEVELOPMENT CORPORATION RESOLUTION NO. .S. 1-UlL A RESOLUTION OF THE ANNA ECONOMIC DEVELOPMENT CORPORATION REGARDING THE APPROVAL OF AND AUTHORITY TO AMEND THE 2018-2019 FISCAL YEAR BUDGET BY CARRYING FORWARD UNEXPENDED PROMOTIONAL FUNDS IN THE AMOUNT OF $18,213. WHEREAS, effective October 1, 2018, 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 day of om 2019. APPROVED: // , / / ATTEST: Anthony Rlchai EDC President FUND 90 90 ECONOMIC DEVELOPMENT CORPORATION �f C� l' �' %L DEPT 6E EDC DIV 6E 826 OBJECT ACCOUNT DESCRIPTION 2018 ACTUAL 2019 BUDGET 2019 AMENDED 2019 YTD 2019 ESTIMATE 2020 PROPOSED 6208 OFFICE SUPPLIES $0 $0 $0 $0 $0 $0 6209 OTHER SUPPLIES -MISC. $447 $500 $0 $136 $500 $0 6210 CLOTHING SUPPLIES $0 $0 $0 $0 $0 $0 6212 POSTAGE $0 $0 $0 $0 $0 $0 TOTALSUPPLIES $447 $500 $0 $136 $500 $0 6303 MAINT. AND REPAIR- BUILDINGS $3,082 $5,000 $0 $765 $5,000 $5,000 TOTAL MAINTENANCE $3,082 $5,000 $0 $765 $5,000 $5,000 6703 CONTRACT SERVICES $14,818 $58,300 $0 $2,490 $58,680 $8,680 670E IT SUPPORT SERVICES $1,920 $500 $0 $497 $500 $500 6710 TRAVELITRAINING EXPENSE $500 $0 $0 $0 $0 $0 6722 INSURANCE- PROPERTY AND LIABILITY $1,450 $1,550 $0 $955 $955 $1,050 6735 PROMOTION EXPENSE $0 $0 $0 $0 $18,213 $0 6753 LEGAL EXPENSE $4,517 $7,500 $0 $1,059 $5,000 $5,000 6755 AUDIT EXPENSE $2,240 $2,300 $0 $0 $2,300 $3,000 6756 ENGINEERING $0 $0 $0 $0 $0 $0 6761 DUES, PUBLICATIONS, PERMITS AND LICENSES $0 $0 $0 $0 $0 $0 6780 ELECTRICITY $2,381 $2,000 $0 $972 $2,700 $2,850 6781 GAS- NATURAL/PROPANE $848 $1,100 $0 $291 $1,000 $1,050 6782 CITY UTILITIES WATER/SEWER/TRASH $1,449 $1,500 $0 $436 $1,800 $1,800 6783 TELECOM 50 $1,800 $0 $0 $1,800 $1,800 6789 DEBT -SERVICE PRINCIPAL $0 $0 $0 $0 $0 $0 6790 INTEREST EXPENSE $0 $0 $0 $0 $0 $0 6799 OTHER SERVICES- MISC. $0 $0 $0 $0 $0 $0 TOTALSERVICES $30,122 $76,550 $0 $6,700 $92,948 $25,730 6931 LAND AND IMPROVEMENTS $0 $0 $0 $0 $0 $0 6941 OTHER CAPITAL EXPENDITURES 543,382 $0 $0 $0 $0 $0 TOTAL CAPITAL EXPENDITURES $43,382 $0 $0 $0 $0 $0 9800 TRANSFERS OUT $0 $0 $0 $0 $0 $0 TOTAL OTHER USES OF FUNDS $0 $0 $0 SO $0 $0