HomeMy WebLinkAboutEDCRes2018.09.06lV'
ANNA ECONOMIC DEVELOPMENT CORPORATION
RESOLUTION NO.20 9 —d 6 (k-bC)
A RESOLUTION OF THE ANNA ECONOMIC DEVELOPMENT CORPORATION
ADOPTING THE FY 2018-2019 FISCAL YEAR BUDGET
WHEREAS, to be effective October 1, 2018, the Anna Economic Development
Corporation (the "EDC") and subject to approval of the City of Anna City Council, the
Board of Directors of the EDC desires to approve and adopt the. EDC budget for the
2018-19 fiscal year;
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 Fiscal Year 2018-19 Budget
The EDC Board of Directors hereby approves adopting the Anna Economic Development
Corporation 2018-2019 fiscal year budget as set forth in Exhibit A, attached hereto and
incorporated herein for all purposes as if set forth in full, subject to approval by the City
of Anna City Council.
PASSED NDTPPROYED by the Anna Economic Development Corporation this
day off 2018.
APPROVED:
hony Richardson, EDC President
ATTEST:
Jam V
Gurski, EDC Secretary
EDC OF ANNA, TEXAS RESOLUTION NO D 16 Cc �) PAGE 1 OF 1
Exhibit A
CITY OF ANNA
FUND
DEPARTMENT
DIVISION
90 ECONOMIC DEVELOPMENT
EDC
826
CORPORATION
LINE ITEM DETAIL
ACTUAL
BUDGET
ESTIMATED
PROPOSED
LINE ITEMS
2017
2018
2018
2019
6208 OFFICE SUPPLIES
$259
$0
$0
$0
6209 OTHER SUPPLIES - MISC.
$1,295
$900
$0
$500
6210 CLOTHING SUPPLIES
$0
$0
$0
$0
6212 POSTAGE
$1
$0
$0
$0
SUPPLIES TOTAL
$1,555
$900
$0
$500
6303 MAINT. AND REPAIR - BUILDINGS
$12,772
$10,000
$0
$5,000
MAINTENANCE TOTAL
$12,772
$10,000
$0
$5,000
6703 CONTRACT SERVICES
$71,920
$30,970
$30,430
$58,300
6708 IT SUPPORT SERVICES
$0
$1,704
$1,700
$500
6711 TRAVEL EXPENSE
$3,656
$0
$0
$0
6721 EDUCATION AND TRAINING
$2,880
$0
$0
$0
6722 INSURANCE - PROPERTY AND LIABILITY
$1,350
$1,450
$1,450
$1,550
6735 PROMOTION EXPENSE
$20,500
$0
$0
$0
6753 LEGAL EXPENSE
$5,887
$5,000
$5,000
$7,500
6755 AUDIT EXPENSE
$1,290
$3,000
$2,240
$2,300
6761 DUES, PUBLICATIONS, PERMITS AND
$533
$0
$0
$0
LICENSES
6780 ELECTRICITY
$0
$3,000
$2,000
$2,000
6781 GAS - NATURAL/PROPANE
$0
$1,032
$1,032
$1,100
6782 CITY UTILITIES WATER/SEWER/TRASH
$1,724
$2,500
$1,500
$1,500
6783 TELECOM
$0
$0
$0
$1,800
6789 DEBT -SERVICE PRINCIPAL
$0
$0
$0
$0
6790INTEREST EXPENSE
$0
$0
$0
$0
6799 OTHER SERVICES - MISC.
$0
$0
$0
$0
SERVICES TOTAL
$109,740
$48,656
$45,352
$76,550
6756 ENGINEERING
$7,938
$0
$0
$0
6931 LAND AND IMPROVEMENTS
$0
$0
$0
$0
6941 OTHER CAPITAL EXPENDITURES
$132,594
$100,000
$53,161
$0
CAPITAL EXPENDITURES TOTAL
$140,532
$100,000
$53,161
$0
90-826E TOTAL
$264,599
$159,556
$98,513
$92,050