HomeMy WebLinkAboutEDCRes2016.09.02ANNA ECONOMIC DEVELOPMENT CORPORATION
RESOLUTION NO. ;2-0 16 c
A RESOLUTION OF THE ANNA ECONOMIC DEVELOPMENT CORPORATION
ADOPTING THE FY 2016-2017 FISCAL YEAR BUDGET
WHEREAS, to be effective October 1, 2016, 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
2015-16 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 2016-17 Budget
The EDC Board of Directors hereby approves adopting the Anna Economic
Development Corporation 2016-2017 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.
PASSED AND APPPPVED by the Anna Economic Development Corporation this �R
day of , 2016.
APPROVED:
vit
onni6 Stump, EDC President
EDC OF ANNA, TEXAS RESOLUTION NO.k&-Cq.,,;4 (,e�C� PAGE 1 OF 1
Exhibit A
Economic Development
Corporation
ORGUNIT DETAIL FISCAL YEAR
2016-2017
FY 2016
FY 2017
ACCOUNTS / CATEGORIES
BUDGET
ACTUAL
ESTIMATED
PROPOSED
% CHG
6208 OFFICE SUPPLIES
$350
$0
$350
$350
0.00%
6209 OTHER SUPPLIES - MISC.
$1,850
$335
$1,400
$3,000
62.16%
6210 CLOTHING SUPPLIES
$500
$0
$500
$700
40.00%
6212 POSTAGE
$100
$305
$50
$50
-50.00%
TOTAL SUPPLIES
$2,800
$640
$2,300
$4,100
0.00%
6303 MAINT. AND REPAIR - BUILDINGS
$6,500
$1,080
$3,900
$4,730
-27.23%
TOTAL MAINTENANCE
$6,500
$1,080
$3,900
$4,730
#NUMI
6703 CONTRACT SERVICES
$46,300
$24,650
$46,300
$48,300
4.32%
6711 TRAVEL EXPENSE
$6,300
$9
$6,800
$6,800
7.94%
6721 EDUCATION AND TRAINING
$3,300
$330
$0
$3,300
0.00%
6722 INSURANCE - PROPERTY AND LIABILITY
$1,200
$1,200
$1,200
$1,350
12.50%
6735 PROMOTION EXPENSE
$36,000
$9,031
$36,000
$37,500
4.17%
6753 LEGAL EXPENSE
$12,000
$2,687
$10,000
$12,000
0.00%
6755 AUDIT EXPENSE
$2,250
$109
$2,500
$2,500
11.11%
6761 DUES, PUBLICATIONS, PERMITS AND
$900
$50
$500
$0
-100.00%
LICENSES
6782 CITY UTILITIES WATER/SEWER/TRASH
$600
$391
$600
$800
33.33%
6783 TELECOM
$0
$0
$0
$0
0.00%
6789 DEBT -SERVICE PRINCIPAL
$73,250
$230,532
$0
$50,000
-31.74%
6790 INTEREST EXPENSE
$16,900
$4,667
$0
$110,720
555.15%
6799 OTHER SERVICES - MISC.
$30,000
$0
$0
$0
-100.00%
TOTAL SERVICES
$229,000
$273,655
$103,900
$273,270
0.00%
6756 ENGINEERING
$0
$0
$0
$25,000
0.00%
6931 LAND AND IMPROVEMENTS
$0
$0
$725,000
$0
0.00%
6941 OTHER CAPITAL EXPENDITURES
$100,000
$0
$0
$67,900
-32.10%
TOTAL CAPITAL EXPENDITURES
$100,000
$0
$725,000
$92,900
0.00%
TOTAL 826 $338,300 $275,375 $835,100 $375,000 0.00%