HomeMy WebLinkAboutCDCRes2015.09.02ANNA COMMUNITY DEVELOPMENT CORPORATION
RESOLUTION N0. ��6 %5''d� `y 60 t
A RESOLUTION OF THE ANNA COMMUNITY DEVELOPMENT CORPORATION
ADOPTING THE FY 2015-2016 FISCAL YEAR BUDGET
WHEREAS, to be effective October 1, 2015, the Anna Community Development
Corporation (the "CDC") and subject to approval of the City of Anna City Council, the
Board of directors of the CDC desires to approve and adopt the CDC budget for the
2015-16 fiscal year;
NOW THEREFORE, BE IT RESOLVED BY THE ANNA COMMUNITY
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 2015-16 Budget
The CDC Board of Directors hereby approves adopting the Anna Community
Development Corporation 2015-2016 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.
PAS$ED AND APPROVED by the Anna Community Development Corporation this
day of �rr�-F' iJL , 2015.
APPROVED:
Joh Houcek, CDC President
CDC OF ANNA, TEXAS RESOLUTION NOAt'1S-EC1-Ca Cbb PAGE 1 OF 1
Exhibit A
CITY OF ANNA
FUND DEPARTMENT
89 COMMUNITY DEVELOPMENT CDC
DETAILS
LINE ITEMS
2014
2015
2016
/ CHANGE
ACTUAL
BUDGET
PROPOSED
6208 OFFICE SUPPLIES
$0
$500
$450
-10.00%
basic needs
$4S0
6209 OTHER SUPPLIES - MISC.
$149
$300
$300
0.00%
meals, meetings supplies, or other
$300
administrative items
6212 POSTAGE
$1
$50
$50
0.00%
mailing bills, etc..
$50
6700 ECONOMIC DEVELOPMENT GRANT EXPENSE
$0
$0
$0
0.00%
Revolving Loan Fund Money
$0
6703 CONTRACT SERVICES
$3,438
$10,000
$14,400
44.00%
EDC Agreement with City Finance & Accounting
$2,000
Services
EDC agreement with City Finance and
$2,000
Accounting Services
EDC Cost Share of IT and McLain Budgeting
$400
Software
other professional services
$5,000
Retail Assistance Professional Services
$S,000
6711 TRAVEL EXPENSE
$0
$250
$250
0.00%
Travel expenses for CAD or Board Members
$250
6721 EDUCATION & TRAINING
$0
$500
$500
0.00%
$0
training for a CDC related project or
$500
organization such as TACDC (Texas Association
of Community Development Corporations) or
TEDC
6731PUBLIC NOTICES -ADVERTISING
$0
$0
$300
0.00%
publish notices,
$300
6735 PROMOTION EXPENSE
$64,883
$30,000
$37,000
23.33%
Branding Project (moved from 6703 Per JP email
$14,500
7/1/15)
Business Directory Map
$0
GACC Christmas
$3,000
GACC Glowfest
$8,000
GACC Goff Tournament - CDC will not be a
$3,000
sponsor
GACC July 4th
$7,500
Misc. - Print Ads, other sponsorship
$1,000
opportunities
6753 LEGAL EXPENSE
$4,928
$10,000
$12,000
20.00%
Legal services
$12,000
6755 AUDIT EXPENSE
$0
$0
$2,S00
0.00%
CPA services - audit, 990, 1099s
$2,500
6761 DUES, PUBLICATIONS, PERMITS & LICENSES
$100
$250
$250
0.00%
newspaper notice, dues
$250
6789 DEBT -SERVICE PRINCIPAL
$79,000
$80,000
$82,000
2.50%
Bond Debit SeriesB - Slayter Creek Park Phase II
$15,000
Bond DebtSeries A -Refinance of TLF Loan
$67,000
6790 INTEREST EXPENSE
$59,834
$58,160
$56,400
-3.03%
Bond Debit Series 4 .Refinance of TLF loan
$3,400
Series 2012 B 1.6 Million Note for 5layter Creek
$S3,00.0
Park
6799 OTHER SERVICES - MISC.
$22,250
$65,000
$80,000
23.08%
$0
Adjustment to increase for park maintenance
$20,000
support
Cost Allocation pay 'a portion of the personnel
$600000
cost for the. Park.Superintendent Salary
6912 BOND COST
$0
$0
$0
0.00%
6921 BUILDINGS & IMPROVEMENTS
$0
$0
$0
0.00%
$0
Misc Park. Equipment or,projects
$p
6941 OTHER CAPITAL EXPENDITURES
$58,000
$60,000
$60,000
0.00%
$0
park projects, land, or other park related site
$60,000
improvements
8900 OTHER FINANCING USE - DEBT REFUNDINGS
$0
$0
$0
0.00%
9812 TRANSFERS OUT -GENERAL FUND $0 $0 $0 0.0090
OTHER USES OF FUNDS $0 $0 $0 0.00%
TOTAL 825 1 $292,583 $315,010 $346,400 9.96%