HomeMy WebLinkAboutCDCRes2018.08.10ANNA COMMUNITY DEVELOPMENT CORPORATION
RESOLUTION NO. aa?--O8-lU CCDC)
A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION
REGARDING THE APPROVAL OF AND AUTHORITY TO AMEND THE FY 2017-2018
FISCAL YEAR BUDGET
WHEREAS, effective October 1, 2017, the Anna Community Development Corporation
(the "CDC") with the approval of the City of Anna City Council executed its current fiscal
year budget; and
WHEREAS, the CDC seeks to make a line item amendment to its budget due to
additional funds needed in the economic development grant expense line item and
interest expense line item.
NOW THEREFORE, BE IT RESOLVED BY THE ANNA COMMUNITY
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 CDC Board of Directors hereby approves amending the Anna Community
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.
PASSED AND APPROVED by the Anna Community Development Corporation this 23rd
day of August, 2017.
APPROVED: //�
Anthony Richardso
CDC President
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Jame urski
CDC Secretary
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CDC OF ANNA, TEXAS RESOLUTION NO.�O%%D C-) PAGE 1 OF 1
EXHIBIT "A"
CITY OF ANNA
COMMUNITY DEVELOPMENT CORPORATION
FY 2017-2018 AMENDED BUDGET
2018
2018
LINE ITEMS
AMENDED
BUDGET
2.23.2018
6101SALARIES
$55,608
535,500
$35,500
AMOUNT PROVIDED BY mPERSONNEL
$0
6114 PAYROLL TAXES -CITY PART FICA
$4,262
$2,800
$ 2, 800
AMOUNT PROVIDED BY mPERSONNEL
$0
6121 HEALTH INSURANCE
$8,712
$4,500
$4,500
AMOUNT PROVIDED BY mPERSONNEL
$0
6125 TMRS RETIREMENT
$8,133
$3,300
$3,300
AMOUNT PROVIDED BY mPERSONNEL
$0
6126 UNEMPLOYMENT
$200
$200
$200
AMOUNT PROVIDED BY mPERSONNEL
$0
6127 WORKERS COMPENSATION
$140
$122
$122
AMOUNT PROVIDED BY mPERSONNEL
$0
6129 MISCELLANEOUS PAYROLL
$100
$0
AMOUNT PROVIDED BY mPERSONNEL
$0
PAYROLL
$77,155
$46,422
6208 OFFICE SUPPLIES
$500
$500
basic needs
$500
6209 OTHER SUPPLIES - MISC.
$1,800
$1,000
meals, meetings supplies, or other
$1,000
administrative items
6210 CLOTHING SUPPLIES
$500
$500
new logo, new council members, new board
$500
members etc.
6212 POSTAGE
$100
$100
mailing bills, etc..
$100
SUPPLIES
$2,900
$2,100
6303 MAINT. AND REPAIR- BUILDINGS
$0
$0
MAINTENANCE
$0
$0
6700 ECONOMIC DEVELOPMENT GRANT EXPENSE
$111,000
$203,847
Based on YTD confidential reports
$92,847
Sales Tax Reimbursement Agreement with Chief
$111,000
Partners for Phase I of retail development
6703 CONTRACT SERVICES
$89,400
$81,700
$3,900
CoStarLoop Net to replace Xcelligent
CDC agreement with City Finance and
$4,000
Accounting Services
CDC Cost Share of IT and McLain Budgeting
$800
Software
Contract Services for First Southwest to file the
$1,500
Continuing Disclosure for the CDC Bonds
Contract Services/Marketing/Retail Assistance
$5,000
(budget amendment)
Retail Assistance Professional Services - D.
$66,500
Funderburgh(2018)
budget amendment moved this to other
professional services (2017)
6711 TRAVEL EXPENSE
$5,800
$5,250
$0
ICSC Dallas - 2 people
$650
ICSC Las Vegas - 2 people
$2,200
IEDC - Training and Professional Development
$0
NTCAR- booth/event
$0
TEDC - annual training, conference
$1,000
Travel expenses for CAO or Board Members -
$1,400
Misc. extra person, car rental, other trainings
6721 EDUCATION AND TRAINING
$3,100
$3,080
$0
Conference Registration - ICSC, TEDC
$2,580
250 TEDC pp
6401CSC pp
400 ICSC dallas pp
Training -TEDC, TEDC, board member training,
$500
other
6722 INSURANCE - PROPERTY AND LIABILITY
$3,500
$3,500
Insurance for the Business park Property',
$3,500
6731 PUBLIC NOTICES -ADVERTISING
$300
$100
publish notices,
$100
6735 PROMOTION EXPENSE
$57,000
$47,000
GACC Banquet'
$5,000
GACC Christmas
$3,000
GACC Glowfest
$16,000
GACC July 4th
$15,000
Golf Tournament
$3,000
Promotional Materials - Print Ads, other
$5,000
sponsorship opportunities, magazines, displays,
billboards, etc.
6753 LEGAL EXPENSE
$15,000
$15,000
Legal services
$15,000
6755 AUDIT EXPENSE
$3,000
$2,240
CPA services - audit, 990, 1099s
$2,240
6756 ENGINEERING
$15,000
$15,000
Engineering
$15,000
6761 DUES, PUBLICATIONS, PERMITS AND LICENSES
$1,350
$1,350
Professional Dues - ICSC - SO pp (S) 250
$1,350
TEDC - $550 (2) 1100
NTCAR-200
NAIOP-550
Permits - 1000
6782 CITY UTILITIES WATER/SEWER/TRASH
$0
$0
6783 TELECOM
$0
$0
6789 DEBT -SERVICE PRINCIPAL
$204,000
$204,000
2016 Debt service on business park
$115,000
Bond Debit Series B - Slayter Creek Park Phase II $20,000
Bond Debt Series A - Refinance ofTLF Loan
$69,000
6790INTEREST EXPENSE
$121,867
$122,564
Bond Debit Series A Refinance of TLF loan
$697
2016 Debt service on business park
$69,360
Series 2012 B 1.6 Million Note for Slayter Creek
$52,507
Park
6799 OTHER SERVICES - MISC.
$92,000
$92,000
Change Description to read for Parks
$0
Maintenance
Cost Allocation pay a portion of the personnel
$62,000
cost for the Park Superintendent Salary
park maintenance
$30,000
Parks Maintenance
$0
SERVICES
$722,317
$796,631
6912 BOND COST
$0
$0
6921 BUILDINGS AND IMPROVEMENTS
6941OTHER CAPITAL EXPENDITURES
$0
$0
$0
$0
CAPITAL EXPENDITURES
$0
$0
8900 OTHER FINANCING USE - DEBT REFUNDINGS
9812 TRANSFERS OUT- GENERAL FUND
$0
$0
$0
$0
OTHER USES OF FUNDS
$0
$0
TOTAL 825
$802,372
$845,153