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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%