HomeMy WebLinkAboutEDCRes2014.08.02ANNA ECONOMIC DEVELOPMENT CORPORATION
RESOLUTION NO. �0[q _ 8'��9 (RO
A RESOLUTION OF THE ANNA ECONOMIC DEVELOPMENT CORPORATION
ADOPTING THE FY 2014-2015 FISCAL YEAR BUDGET
WHEREAS, to be effective October 1, 2014, 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
2014-15 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 2014-15 Budget
The EDC Board of Directors hereby approves adopting the Anna Economic
Development Corporation current 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 APPROVED by the Anna Economic Development Corporation this r7
day of , 2014.
APPROVED: ATTE T: \
4Z41.
4etump,E b C President C ec eta
EDC OF ANNA, TEXAS RESOLUTION NO.-_/Y-L?Coi (60() PAGE 1 OF 1
Exhibit A
CITY OF ANNA
FUND DEPARTMENT DIVISION
90 ECONOMIC DEVELOPMENT EDC 826
CORPORATION
LINE ITEM DETAIL
LINE ITEMS ACTUAL BUDGET I ESTIMATED I PROPOSED I PLANNING
2013 2014 2014 2015 2016
6208 OFFICE SUPPLIES
$705
$750
$750
$800
$1,000
6209 OTHER SUPPLIES - MISC.
$1,237
$4,000
$4,000
$3,850
$3,850
6210 CLOTHING SUPPLIES
$0
$250
$250
$0
$0
6212 POSTAGE
$79
$75
$75
$100
$100
SUPPLIES TOTAL
$2,021
$5,075
$5,075
$4,750
$4,950
6703 CONTRACT SERVICES
$61,391
$58,210
$52,700
$57,600
$55,800
6711 TRAVEL EXPENSE
$2,912
$7,100
$7,100
$7,100
$0
6721 EDUCATION & TRAINING
$2,805
$4,100
$4,100
$4,400
$0
6722 INSURANCE - PROPERTY & LIABILITY
$800
$1,000
$1,000
$1,100
$0
6735 PROMOTION EXPENSE
$24,624
$22,000
$22,000
$30,000
$0
6753 LEGAL EXPENSE
$2,059
$13,500
$13,500
$13,000
$13,000
6761 DUES, PUBLICATIONS, PERMITS &
$315
$1,200
$1,200
$950
$0
LICENSES
6782 CITY UTILITIES WATER/SEWER/TRASH
$506
$1,000
$1,000
$1,000
$0
6783 TELECOM
$0
$0
$0
$0
$0
6789 DEBT -SERVICE PRINCIPAL
$63,449
$66,538
$66,538
$69,865
$74,200
6790 INTEREST EXPENSE
$26,562
$23,475
$23,475
$20,155
$16,000
6799 OTHER SERVICES - MISC.
$0
$0
$0
$0
$0
SERVICES TOTAL
$185,423
$198,123
$192,613
$205,170
$159,000
6931 LAND & IMPROVEMENTS
$0
$0
$0
$0
$0
6941 OTHER CAPITAL EXPENDITURES
$116,101
$51,500
$51,500
$105,000
$110,000
CAPITAL EXPENDITURES TOTAL
$116,101
$51,500
$51,500
$105,000
$110,000
90-826E TOTAL $303,545 $254,698 $249,188 $314,920 $273,950