HomeMy WebLinkAboutEDCRes2017.11.26ANNA ECONOMIC DEVELOPMENT CORPORATION
RESOLUTION NO. 90/7-1/ -':�L (e7DO
A RESOLUTION OF THE ANNA ECONOMIC DEVELOPMENT CORPORATION
REGARDING THE APPROVAL OF AND AUTHORITY TO AMEND THE FY 2017-2018
FISCAL YEAR BUDGET
WHEREAS, effective October 1, 2017, 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.
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PASSED AND APPROVED by the Anna Economic Development Corporation this 2
day of UV:e , 2017.
APPROVED: ATTEST:
Co nce Stump, EDC Presid Lau etta Blacketer, E C Secretary
EDC OF ANNA, TEXAS RESOLUTION NO. )017-1I--'L 6 Cepc) PAGE 1 OF 1
CITY OF ANNA
EXHIBIT A
FUND
DEPART
DIVISION
90 ECONOMIC DEVELOPMENT
EDC
826
CORPORATION
LINE ITEM DETAIL
ACTUAL
ESTIMATED PROPOSED
Amended
LINE ITEMS
2016
2017 2018
10/05/2017 Amended
11/2l2017
6208 OFFICE SUPPLIES
$0
$250
$0
$0 $0
6209 OTHER SUPPLIES - MISC.
$842
$1,500
$0
$900 $900
6210 CLOTHING SUPPLIES
$0
$700
$0
$0 $0
6212 POSTAGE
$336
$50
$0
0 $0
SUPPLIES TOTAL
$1,177
$2,500
$0
$900
$900
6303 MAINT. AND REPAIR - BUILDINGS
$3,700
$11,570
$10,000
10,000
$10,000
MAINTENANCE TOTAL
$3,700
$11,570
$10,000
10,000
$10,000
6703 CONTRACT SERVICES
$70,046
$77,130
$30,970
$30,970
$30,970
6708 IT SUPPORT SERVICES
$0
$1,500
$1,704
$1,704
$1,704
6711 TRAVEL EXPENSE
$4,504
$6,000
$0
$0
$0
6721 EDUCATION AND TRAINING
$2,720
$3,000
$0
$0
$0
6722 INSURANCE - PROPERTY AND LIABILITY
$1,200
$1,350
$1,450
$1,450
$1,450
6735 PROMOTION EXPENSE
$34,787
$37,500
$0
$0
$0
6753 LEGAL EXPENSE
$7,323
$12,000
$5,000
$5,000
$5,000
6755 AUDIT EXPENSE
$2,149
$3,000
$3,000
$3,000
$3,000
6761 DUES, PUBLICATIONS, PERMITS AND
$250
$500
$0
$0
$0
LICENSES
6780 ELECTRICITY
$0
$2,400
$3,000
$3,000
$3,000
6781 GAS - NATURAL/PROPANE
$0
$800
$1,032
$1,032
$1,032
6782 CITY UTILITIES WATER/SEWER/TRASH
$745
$1,950
$2,500
$2,500
$2,500
6783 TELECOM
$0
$0
$0
$0
$0
6789 DEBT -SERVICE PRINCIPAL
$397,774
$0
$0
$0
$0
6790 INTEREST EXPENSE
$4,667
$0
$0
$0
$0
6799 OTHER SERVICES - MISC.
$0
$0
$0
0
$0
SERVICES TOTAL
$526,166
$147,130
$48,656
$48,656
$48,656
6756 ENGINEERING
$0
$25,000
$0
$0
$0
6931 LAND AND IMPROVEMENTS
$0
$725,000
$0
$0
$0
6941 OTHER CAPITAL EXPENDITURES
$50,000
$187,650
$0
$200,000.00
$100,000
CAPITAL EXPENDITURES TOTAL
$50,000
$937,650
$0
$200,000
$100,000
90-826E TOTAL $581,043 $1,098,850 $58,656 $259,556 $159,556