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Home My WebLink AboutEDCRes2017.09.23ANNA ECONOMIC DEVELOPMENT CORPORATION RESOLUTION NO. 2oi7-611 23 Ct-_P'� A RESOLUTION OF THE ANNA ECONOMIC DEVELOPMENT CORPORATION ADOPTING THE FY 2017-2018 FISCAL YEAR BUDGET WHEREAS, to be effective October 1, 2017, 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 2017-18 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 2017-18 Budget The EDC Board of Directors hereby approves adopting the Anna Economic Development Corporation 2017-2018 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. f �l PASSED A D APPR VED by the Anna Economic Development Corporation this day of , 2017. IF APPROVED: Connie Stump, EDC President / ATTEST: Lau, etta Blacketer, EDC Secretary EDC OF ANNA, TEXAS RESOLUTION NO. 7 L` - �2 3,' PAGE 1 OF 1 Exhibit A DETAILS 2016" 2017 2017 2018 LINE ITEMS %CHANGE ACTUAL BUDGET ESTIMATED PROPOSED 6208 OFFICE SUPPLIES $0 Basic office supply needs 6209 OTHER SUPPLIES - MISC. $842 meals, for meetings,; coffee meetings, lunches, of t' e`etc.:. aerial maps 6210 CLOTHING SUPPLIES $0 Purchase new ,shirts after branding project . for board members, tall, CC 6212 POSTAGE $336 stamps to pay bills, mailings for EDC marketing etc.. $350 $250 $0-100.00% $0 $0 $250 $0 $3,000 $1,500 $0-100.00% $0 $0 $1,500 $0 $0 -$0. $700 $700 $0-100.00% $o $o $700 $o $50 $50 $0-100.00% $o $o $50 $0 SUPPLIES $1,177 $4,100 $2,500 $0-100.00•/ 6303 MAINT. AND REPAIR - BUILDINGS $3,700 $4,730 $11,570 $10,000 111.42% Cleaning Crew $1,800 $2,640 Electricity $2,400 $3,000 Gas atmos.service `$800 $1,032 Internet service $1,704 .Mlsc,building Maintanence and Repairs - 312 $11,570 $10,000.' N. Powell MOVE.TO 6708. CONTRACT SERVICES 1 PEST CONTROL MOWING JANITORIAL MOVE TO 6708,IT SERVICES ($1,500} ($.1,704) INTERNET SERVICE MOVE TO UTILITIES ($3,200) ($4,032) 6780 ELECTRIC 6781 GAS Mowing and Landscaping- 312 North Powell $2,850 $2,850 Pest Control - 312 North. Powell $480 $4-80 water and trash service - moved MAINTENANCE $3,700 $4,730 $11,570 $10,000 111.42% 6703 CONTRACT SERVICES $70,046 $48,300 $77,130 $30,970-35.88% Janitorial $1,800 $2,640 Mowing and Landscaping-_ 312 North Powell $2,850: $21850 Pkwy Pest Control $480 $480 Professional Services (EDC'salary, Fin, IT, City, $72000 $25,000` Centric Planning, Funder6urgh, Archentry feature" -design) Exhibit A CITY OF ANNA FUND DEPARTMENT DIVISION 90 ECONOMIC DEVELOPMENT CORPORATION EDC 90-826E 826 DETAILS 2016 2017 2017 2018 LINE ITEMS 1 /CHANGE ACTUAL BUDGET ESTIMATED PROPOSED 6708 IT SUPPORT SERVICES $0 $0 $1,500 $1,704 0.00% Internet Service $1,500 $1,704 6711 TRAVEL EXPENSE $4,504 $6,800 $6,000 $0 -100.00% $0 $0 ICSC Las Vegas (1600 per person) $6,000 $0 ICSC Texas (650 per person) $0 $0 misc. rental car, additional attendees, $0 $0 TEDC (650 per person) Texas Economic $0 $0 Development Annual conference 6721 EDUCATION AND TRAINING $2,720 $3,300 $3,000 $0 -100.00% $0 $0 ICSC Las Vegas(600 per person) $2,000 $0 ICSC Texas (500 per person) $450 $0 TEDC (550 per person) - Alonzo Tutson $550 $0 6722 INSURANCE - PROPERTY AND LIABILITY $1,200 $1,350 $1,350 $1,450 7.41% TMIRP ID #74, EDC Building at 312 N Powell $1,350 $1,450 6735 PROMOTION EXPENSE $34,787 $37,500 $37,500 $0 -100.00% Branding Project (moved from 6703 Per JP $10,000 $0 email 7/1/15) $14,500 Business Directory Map $0 $0 GACC Banquet - EDC is the sole sponsor of $5,000 $0 this event GACC Glowfest $8,000 $0 GACCJuly4th $8,000 $0 Misc Promo - print ads, other sponsorship $6,500 $0 opportunities- marketing professional 6753 LEGAL EXPENSE $7,323 $12,000 $12,000 $5,000 -58.33% legal fees $12,000 $5,000 6755 AUDIT EXPENSE $2,149 $2,500 $3,000 $3,000 20.00% CPA services - audit,1099, form 990 $3,000 $3,000 6761 DUES, PUBLICATIONS, PERMITS AND LICENSES $250 $0 $500 $0 0.00% ICSC $400 $0 Newspaper Publications $100 $0 TEDC $0 $0 6780 ELECTRICITY $0 $0 $2,400 $3,000 0.00% Electric for 312 N. Powell Pkwy $2,400 $3,000 6781 GAS - NATURAL/PROPANE $0 $0 $800 $1,032 0.00% Gas Atmos Service for 312 N. Powell Pkwy $800 $1,032 6782 CITY UTILITIES WATER/SEWER/TRASH $745 $800 $1,950 $2,500 212.50% txnma H CITY OF ANNA FUND DEPARTMENT DIVISION 90 ECONOMIC DEVELOPMENT EDC 90-826E 826 CORPORATION DETAILS 2016 2017 2017 2018 LINE ITEMS 1 / CHANGE ACTUAL BUDGET ESTIMATED PROPOSED Utilities for Old PO bldg 312 N Powell - $1,950 $2,500 irrigation - $142 per month water, sewer trash = $66 per month 6783 TELECOM $0 $0 $0 $0 0.00% 6789 DEBT -SERVICE PRINCIPAL $397,774 $0 $0 $0 0.00% Business park purchase $0 $0 6790 INTEREST EXPENSE $4,667 $0 $0 $0 0.00% Business park $0 $0 Independent Bank Loan for 48 acre EDC $0 $0 property Southside Bank Loan for 312 N. Powell $0 $0 6799 OTHER SERVICES - MISC. $0 $0 $0 $0 0.00% EDC part-time administrative assistant $0 $0 SERVICES $526,166 $112,550 $147,130 $48,656 -56.77% 6756 ENGINEERING $0 $25,000 $25,000 $0 -100.00% Engineering Consultant Tech Park $25,000 $0 6931 LAND AND IMPROVEMENTS $0 $0 $725,000 $0 0.00% down payment on land $725,000 $0 6941 OTHER CAPITAL EXPENDITURES $50,000 $67,900 $187,650 $0 -100.00% $0 $0 waterline or other infrastructure project for $187,650 $0 the Anna Business Park CAPITAL EXPENDITURES $50,000 $92,900 $937,650 $0-100.00% TOTAL 826 $581,043 $214,280 $1,098,850 $58,656-72.63% Exhibit A CITY OF ANNA FUND DEPARTMENT DIVISION `90 ECONOMIC DEVELOPMENT EDC 90-826R 826 CORPORATION DETAILS 2016 2017 2017 2018 LINE ITEMS % CHANGE ACTUAL BUDGET ESTIMATED PROPOSED 5225 SALES TAX REVENUE - GENERAL $385,577 $375,000 $300,000 $0 -100.00% FY 16 Anticipated sales tax revenue $300,000 $0 5350 RENTAL $12,500 $22,500 $18,882 $25,716 14.29% IV agreement has been given a forbearance $0 $0 on rent until Jan. 12017 Tenent in Old Post Office Bldg $18,882 $25,716 IV - 1000 Biddle - 499 Wood - 449 Rodriguez - 150 5499 MISCELLANEOUS REVENUE $47,030 $0 $0 $0 0.00% $0 $0 5530 INTEREST REVENUE $3,986 $1,500 $1,750 $650 -56.67% interest $1,750 $650 REVENUES $449,094 $399,000 $320,632 $26,366 -93.39% 5853 OTHER FINANCIAL SOURCE FROM NOTES $0 $0 $43,980 $45,480 0.00% PAYABLE Empowered Training Center agreement $4,500 $6,000 payback Nimbix performance agreement payback $39,480 $39,480 OTHER SOURCE OF FUNDS $0 $0 $43,980 $45,480 0.00% TOTAL 826 $449,094 $399,000 $364,612 $71,846 -81.99%