HomeMy WebLinkAboutEDCRes2015.09.02ANNA ECONOMIC DEVELOPMENT CORPORATION
RESOLUTION NO. t h(�L C `k
A RESOLUTION OF THE ANNA ECONOMIC DEVELOPMENT CORPORATION
ADOPTING THE FY 2015-2016 FISCAL YEAR BUDGET
WHEREAS, to be effective October 1, 2015, 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 2015-16 Budget
The EDC Board of Directors hereby approves adopting the Anna Economic
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.
PASSED AND . PPROVED by the Anna
day of , 2015.
APPROVED:
onnie Stump, EDC resi ent
Economic Development Corporation this , L
EDC OF ANNA, TEXAS RESOLUTION NOPA-_ RC PAGE 1 OF 1
Exhibit A
CITY OF ANNA
FUND DEPARTMENT
90 ECONOMIC DEVELOPMENT CORPORATION EDC
DETAILS
2014
201S
2016
LINE ITEMS
/ CHANGE
ACTUAL
BUDGET
PROPOSED
6208 OFFICE SUPPLIES
565
$800
$350
-56.25%
Basic needs
$350
6209OTHER SUPPLIES -MISC.
$4,019
$3,850
$1,850
-51.95%
meals for meetings, coffee meetings, lunches, aerial
$1,850
Maps, misc. office etc...
6210 CLOTHING SUPPLIES
$0
$0
$500
0.00%
$0
Purchase new shirts after branding project for board
$500
members, staff, CC
6212 POSTAGE
$38
$100
$100
0.00%
stamps to pay bills, mailings for EDC marketing etc..
$100
6303 MAINT. & REPAIR- BUILDINGS
$0
$0
$6,500
0.00%
Mlsc building Maintanence and Repairs - 312 N Powell
$2,500
Mowing and Landscaping-312 North Powell
$3,500
Pest Control - 312 North Powell
$500
6703 CONTRACT SERVICES
$56,711
$57,600
$46,300
-19.62%
Consultant for Tech Park Options
$0
Cost Allocation from the EDC to pay a portion of the
$40,000
personnel cost for the Assistant to the City Manager /
Chief Admin Officer Office Salary
Cost Allocation from the EDC to pay Chief Admin Officer
$3,800
Office Space
EDC agreement with City Finance and Accounting
$2,000
Services
EDC Cost Share of IT and McLain Budgeting Software
$500
Engineering Consultant
$0
6711 TRAVEL EXPENSE
$3,681
$7,100
$6,300
-11.27%
ICSC Las Vegas (1600 per person)
$3,200
ICSC Texas (650 per person)
$1,300
misc. rental car, additional attendees,
$500
TEDC (650 per person) Texas Economic Development
$1,300
Annual conference
6721 EDUCATION & TRAINING
$0
$4,400
$3,300
-25.00%
ICSC Las Vegas (600 per person)
$1,200
ICSC Texas (500 per person)
$1,000
TEDC (5S0 per person)
$1,100
6722 INSURANCE - PROPERTY & LIABILITY
$1,000
$1,100
$1,200
9.09%
TMIRP ID #74, EDC Building at 312 N Powell
$1,200
6735 PROMOTION EXPENSE
$27,433
$30,000
$36,000
20.00%
Branding Project (moved from 6703 Per JP email
$14,500
7/1/15)$14,500
Business Directory Map
$0
GACC Banquet - EDC is the sole sponsor of this event
$5,000
GACC Glowfest
$8,000
GACC July 4th
$7,500
Misc Promo - print ads, other sponsorship opportunities
$1,000
6753 LEGAL EXPENSE
$12,229
$13,000
$12,000
-7.69%
legal fees
$12.000
6755 AUDIT EXPENSE
$0
$0
$2,2S0
0.00%
CPA services .- audit..1099, ;form 990
$2,250
6761 DUES, PUBLICATIONS, PERMITS & LICENSES
$250
$950
$900
-5.26%
1CSC
$250
.Newspaper Publications
$250
TEDC
$400
6782 CITY UTILITIES WATER/SEWER/TRASH
$393
$1,000
$600
-40.00%
Utilities for Old PO bldg 312 N Powell
$600
6789 DEBT -SERVICE PRINCIPAL
$66,537
$69,865
$73,250
4.85%
Independent Bank Loan48 acre property
$41,0o0
Southside. Bank' Loan for 312`North Powell
$32,250
6790 INTEREST EXPENSE
$23,473
$20,155
$16,900
-16.15%
Independent_ Bank Loan for 48 acre EDC property
$7500
Southside Bank oan for 312 N. Powell
$9,400
6799 OTHER SERVICES - MISC.
$0
$0
$30,000
0.00%
EDC part-time administrative assistant `
$30,000
6756 ENGINEERING
$0
$0
$0
0.00%
6931 LAND & IMPROVEMENTS
$0
$0
$0
0.00%
6941 OTHER CAPITAL EXPENDITURES $122,840 $105,000 $100,000 -4.76%
$0
5payments of 2300 to Nimbix per agreement $0
Increased to account for increase in revenue to GF sales $0
tax.revenue
Land, Assets.&'ED Agreements $100,000
TOTAL 826 $318,669 $314,920 $338,300 7.42%