HomeMy WebLinkAboutEDCRes2017.07.16ANNA ECONOMIC DEVELOPMENT CORPORATION
RESOLUTION NO. �-41 ? -07- 6 C61"X
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 ID APPROVED by the Anna
day ofZ�� , 2017.
APPROVED:
Constance Stuimp,-E Preside t
Economic Development Corporation this (
ATTEST:
La ; etta Blacketer, E C Secretary
EDC OF ANNA, TEXAS RESOLUTION NO.2017-0?-/b LEPCJ PAGE 1 OF 1
Economic Development EXHIBIT A
Corporation
YEAR 2016-2017
FY 2017
FY 2017
AMENDED
4-6-2017
5-4-2017
AMENDED 5-9-2017
ACCOUNTS / CATEGORIES
ORIGINAL
I AMENDED
AMENDED
AMENDED
6208 OFFICE SUPPLIES
$350
$250
$250.00
$250.00
6209 OTHER SUPPLIES - MISC.
$3,000
$1,500
$1,500.00
$1,500.00
6210 CLOTHING SUPPLIES
$700
$700
$700.00
$700.00
6212 POSTAGE
$50
$50
$50.00
$50.00
TOTAL SUPPLIES
$0
$0
$2,500.00
$2,500.00
6303 MAINT. AND REPAIR - BUILDINGS
$4,730
$11,000
$11,000.00
$22,000.00
TOTAL MAINTENANCE
$0
$0
$11,000.00
$22,000.00
6703 CONTRACT SERVICES - EDC salary, Fin, IT,
$48,300
$72,000
City Centric Planning, Funderburgh, Arch, entery
feature design
$72,000.00
$72,000.00
6711 TRAVEL EXPENSE
$6,800
$6,000
$6,000.00
$6,000.00
6721 EDUCATION AND TRAINING
$3,300
$3,000
$3,000.00
$3,000.00
6722 INSURANCE - PROPERTY AND LIABILITY
$1,350
$0
$1,350.00
$1,350.00
6735 PROMOTION EXPENSE
$37,500
$30,000
$30,000.00
$37,000.00
6753 LEGAL EXPENSE
$12,000
$12,000
$12,000.00
$12,000.00
6755 AUDIT EXPENSE
$2,500
$3,000
$3,000.00
$3,000.00
6761 DUES, PUBLICATIONS, PERMITS AND
$0
$500
LICENSES
$500.00
$1,000.00
6782 CITY UTILITIES WATER/SEWER/TRASH
$800
$2,500
$2,500.00
$2,500.00
6783 TELECOM
$0
$0
$0.00
$0.00
6789 DEBT -SERVICE PRINCIPAL
$50,000
$0
$0.00
$0.00
6790 INTEREST EXPENSE - transfer to CDC
$110,720
$45,000
$45,000.00
$0.00
6799 OTHER SERVICES - MISC.
$0
$0
$0.00
$0.00
TOTAL SERVICES
1 $175,350.00
$137,850.00
6756 ENGINEERING - water line construction
$25,000
$25,000
$25,000.00
$25,000.00
6931 LAND AND IMPROVEMENTS -transfer to
$0
$0
CDC
$725,000.00
$725,000.00
6941 OTHER CAPITAL EXPENDITURES -
$67,900
$162,500
waterline, entry feature
$161,150.00
$187,650.00
TOTAL CAPITAL EXPENDITURES
$0
$0
$911,150.001
$937,6S0.00
TOTAL826
$375,000
$375,000
$1,100,000.00
$1,100,000.00