HomeMy WebLinkAboutEDCRes2017.05.11ANNA ECONOMIC DEVELOPMENT CORPORATION
RESOLUTION NO.4017'0_- 1/ (am)
A RESOLUTION OF THE ANNA ECONOMIC DEVELOPMENT CORPORATION
REGARDING THE APPROVAL OF AND AUTHORITY TO AMEND THE FY 2016-2017
FISCAL YEAR BUDGET
WHEREAS, effective October 1, 2016, the Anna Economic Development Corporation
(the "EDC") with the approval of the City of Anna City Council executed its current fiscal
year budget; and
WHEREAS, the EDC seeks to make a line item amendment its budget due to additional
funds needed in the contract services line and land line item.
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.
PASSED AND APPROVED by the Anna Economic Development Corporation this Ll�k
day of , 2017.
APPROVED:
ATTEST:
db_--nstarice Sturiip,_Edff Prgsidenf La retta Blacketer, DC Secretary
EDC OF ANNA, TEXAS RESOLUTION NO -2o 1-7`O5`i! tIEdt,) PAGE 1 OF 1
Economic Development EXHIBIT
Corporation
YEAR 2016-2017
FY 2017 1 FY 2017
ACCOUNTS/CATEGORIES
I
I AMENDED
6208 OFFICE SUPPLIES
$350
$250
6209 OTHER SUPPLIES -MISC.
$3,000
$2,500
6210 CLOTHING SUPPLIES
$700
$700
6212 POSTAGE
$50
$50
TOTALSUPPLIES
$D
$D
6303 MAINT. AND REPAIR - BUILDINGS
$4,730
$11,000
TOTAL MAINTENANCE
$0
$0
6703 CONTRACT SERVICES - EDC salary, Fin, IT,
$48,300
$72,000
City Centric Planning, Funderburgh, Arch, entery
feature design
6711 TRAVEL EXPENSE
$6,800
$6,000
6721 EDUCATION AND TRAINING
$3,300
$3,000
6722 INSURANCE - PROPERTY AND LIABILITY
$1,350
$1,350
6735 PROMOTION EXPENSE
$37,500
$30,000
6753 LEGAL EXPENSE
$12,000
$}Ai8017
6755 AUDIT EXPENSE
$2,500
$3,000
6761 DUES, PUBLICATIONS, PERMITS AND
$0
$500
LICENSES
6782 CITY UTILITIES WATER/SEWER/TRASH
$800
$2,500
6783 TELECOM
50
$0
6789 DEBT -SERVICE PRINCIPAL
$50,000
$0
6790 INTEREST EXPENSE -transfer to CDC
$110,720
$45,000
6799OTHER SERVICES -MISC.
$0
$0
TOTAL SERVICES
6756 ENGINEERING -water line construction
$25,000
$25,000
6931 LAND AND IMPROVEMENTS $0 $725,000 C
6941 OTHER CAPITAL EXPENDITURES- $67,900 sip" 50
waterline, entry feature
TOTAL CAPITAL EXPENDITURES $0 $0
TOTAL 826 $375,000 $1,100,000
savings
NEW TOTAL 375000 1,100,000