07/30/2009-4A-Agenda Packet-Regular•
AGENDA
4A SANGER, TEXAS INDUSTRIAL DEVELOPMENT CORPORATION
THURSDAY, JULY 30, 2009
1:00 P.M.
502 ELM
1. Call Meeting to Order.
2. Approval of Minutes: May 27, 2009
3. Discussion on Purchasing Additional Industrial Land.
4. Consider and Discussion Expending 4A Funds for Extension of a Wastewater Line
to Industrial Property North of the Wal-Mart Distribution Center.
5. Consider and Discussion of Fiscal Year 2009/2010 Budget.
6. Review Financials.
7. Adjournment.
This facility is wheelchair accessible and accessible parking spaces are available. Requests
for accommodations or interpretive services must be made 48 hours prior to this meeting.
Please contact the City Secretary's office at (940) 458-7930 for further information .
•
MINUTES: SANGER TEXAS INDUSTRIAL DEVELOPMENT
CORPORATION
May 27,2009
MEMBERS
PRESENT: Bill Fuller, Vickie Jenkins, Fred Yeatts
MEMBERS
ABSENT: Gary Bilyeu, Carroll McNiell
OTHERS
PRESENT: City Manager Mike Brice, City Secretary/Asst. City Manager Rose Chavez
1. Call Meeting to Order.
President Fuller called meeting to order.
2. Approval of Minutes: April 7, 2009
Motion was made by Vickie Jenkins to approve the minutes as presented. Seconded
by Fred Yeatts. Motion carried unanimously.
3. Authorize City Manager to Sign Loan and Closing Documents for Property Located
at 103 Bolivar Street, Sanger, Texas.
Vickie Jenkins asked if Prosperity Bank had required a Corporate Resolution and if
an appraisal had been done.
The City Secretary indicated she was not sure.
Lengthy discussion followed.
Motion was made by Vickie Jenkins to authorize the City Manager to sign the loan
and closing documents for the property located at 103 Bolivar Street. Seconded by
Fred Yeatts. Motion carried unanimously.
4. Review Financials.
City Secretary reviewed the sales tax revenue and the financials.
The Board Members discussed the money market balance and if it would be
sufficient to pay the down payment that was required for the loan. The members
discussed that when the CD#486639 for $89,454.94 matures, that those monies need
to be transferred to the money market account.
5. Adjournment.
President Fuller adjourned the meeting .
•
7-27-2009 04:29 PM
41 -4A CORPORATION
REVENUE SUMMARY
4A REVENUES
TOTAL REVENUES ***
EXPENDITURE SUMMARY
7 5-41\ EXPENSES
*** TOTAL EXPENDITURES***
** REVENUES OVER (UNDER) EXPENDITURES **
•
PRIOR
YEAR
BUDGET
233,358.91
233,358.91
120,036.49
120,036.49
113,322.42
C I T Y O F S A N G E R
PROJECTED BUDGET WORKSHEET
AS OF: JULY 31ST, 2009
ORIGINAL
BUDGET
222,500.00
222,500.00
81,400.00
81,400.00
141,100.00
CURRENT YEAR--------------
AMENDED Y-T-D
BUDGET ACTUAL
222,500.00 232,343.47
222,500.00 232,343.47
81,400.00 226,634.79
81,400.00 226,634. 79
141,100.00 5,708.68
PROJECTED
BUDGET
278,812.16
278,812.16
271,961.74
271,961.74
6,850.42
--=--=--------==-==-
PAGE:
BUDGET
WORKSPACE
250,250
193,267
7-27-2009 04:29 PM
41 -4A CORPORATION
T REVENUES
4A REVENUES
00-4000 LOAN PROCEEDS
00-4425 STATE SALES TAX
00-4800 INTEREST INCOME
00-4940 DONATIONS
00-4950 PRIOR YEAR INCOME
00-4985 TRANSFERS OUT FR 4A TO GF
** REVENUE CATEGORY TOTAL **
TOTAL REVENUES .. *
•
PRIOR
YEAR
BUDGET
0.00
245,931.89
12,427.02
0.00
0.00
25,000.00)
233,358.91
233,358.91
C I T Y O F S A N G E R
PROJECTED BUDGET WORKSHEET
AS OF: JULY 31ST, 2009
--------------CURRENT YEAR--------------
ORIGINAL
BUDGET
0.00
240,000.00
7,500.00
0.00
o. 00
25,000.00)
222,500.00
AMENDED
BUDGET
0.00
240,000.00
7,500.00
0.00
o. 00
25,000.00)
222,500.00
222,500.00 222,500.00
Y-T-D
ACTUAL
0.00
217,378.55
9,964.92
5,000.00
0.00
0.00
232,343.47
232,343.47
PROJECTED
BUDGET
o. 00
260,854.26
11,957.90
6,000.00
0. 00
o. 00
278,812.16
278,812.16
PAGE: 2
BUDGET
WORKSPACE
259,000
11,250
(20,000)
250, 25~-
7-27-2009 04: 29 PM
41 -4A CORPORATION
DEPARTMENT EXPENSES
PRIOR
YEAR
BUDGET
C I T Y O F S A N G E R
PROJECTED BUDGET WORKSHEET
AS OF: JULY 31ST, 2009
--------------CURRENT YEAR--------------
ORIGINAL
BUDGET
AMENDED
BUDGET
Y-T-D
ACTUAL
PROJECTED
BUDGET
PAGE: 3
BUDGET
WORKSPACE
-------------------------------------------------------------------------------------------------------------------------
75-4A EXPENSES
52-SUPPLIES AND MATERIALS
75-5200 CHECK CHARGES
75-5205 FOOD
75-5210 OFFICE SUPPLIES
75-5215 TRAVEL & REGISTRATIONS
75-5220 DUES
75-5225 PUBLICATIONS/SUBSCRIPTIONS
75-5235 DUES & REGISTRATION
75-5240 TRAVEL
*** CATEGORY TOTAL ***
54-CONTRACT SERVICES
75-5410
75-
INSURANCE
CONTRACTUAL SERVICES
LEGAL FEES
*** CATEGORY TOTAL •lddr
65-PROJECTS
75-6500
7 5-6505
PROJECTS
LOAN PAYMENTS/20066800
*** CATEGORY TOTAL *Y*
*** DEPARTMENT TOTAL ***
TOTAL EXPEND! TURES '* *
*** END OF REPORT***
•
o.oo
o.oo
31. 49
0.00
5.00
o. 00
0.00
0.00
36.49
0.00
0.00
0.00
o. 00
0.00
120,000.00
120,000.00
120,036.49
120,036.49
0.00
0. 00
200.00
0.00
o.oo
200. 00
250.00
750. 00
1,400.00
0.00
0.00
0.00
o.oo
40,000.00
40,000.00
80,000.00
81,400.00
81,400.00
0.00
0.00
200.00
0.00
0. 00
200.00
250.00
750.00
1,400.00
0.00
0.00
0.00
0.00
40,000.00
40,000.00
80,000.00
81,400.00
81,400.00
0.00 0.00
0. 00 0.00
98. 70 118. 44 200.00
0.00 0. 00
0.00 0.00 10.00
0.00 0. 00 200.00
0.00 0.00 250.00
0.00 0.00 660.00
98. 70 118. 44
0.00 0.00
0.00 0.00
_____ o~. o~o ----~o~-~o~o
0.00 o.oo
169,571.46 203,485.75
56,964.63 ___ 6_8~,3_5_7_._5_5 61,267
226,536.09 271,843.30
226,634.79 271,961. 74
226,634.79 271,961.74
4A DEPOSITS
20001 2001 I 2002 I 2003 I 2004 I 2005 I 2006 I 2007 I 2008 I 2009 I
I
JAN. I $81083.93! $81937.43! $10,348.82 ! $101188.22! $251847.62! $131993.781 $16,264.50! $161691.41 ! $171436.57 I $22,880.041
[ I
FEB. I $91763.37! $111840.64 I $141870.78! $141840.34! $171485.76! $21J79.91 ! $21,513.62 ! $191601. 10 I $221071.09 I $231228. 79 I
I I
I
MARCH I $101384.63 ! $8,984.181 $9,209.15! $121446.36 ! $131382.91 ! $141254.43! $16,620.93! $161472.34 I $191892.63! $24,179.62 I
I
APRIL I $81416.521 $91517.251 $9,195.021 $91202.141 $121224.771 $141166.101 $171198.171 $151482.00 I $18,511.541 $161279.44 I
I l
MAY I $101323_ 151 $141946.441 $101623.56! $151125.04! $201311.37! $201556.141 $17,428.36 ! $26J67.83I $221 166. 33 I $24z744.75!
I I
JUNE I $71953.661 $101131.01 I $111911.061 $141358.11 ! $181276.941 $151585.541 $231063.991 $17 1172.67 I $191338.741 $201159.79
JULY I $7,642.30! $121784.18! $101597.471 $111370.28 I $161692.361 $161914.661 $171896.761 $191127.61 I $20J03.08I
AUGUST I $10,854.25 I $17I035.oo I $141962.171 $161132.42 I $191354.71 I $201375.581 $241003.15! $24,581.421 $25,288.441
SEPT. I $71103.501 $11,612.081 $121928.16! $131140.491 $15J25.62I $16,977.991 $19,746.741 $261990.12 ! $21,583.441
OCT. I $101136.271 $281586.961 $13,940.44 I $11,426.721 $16,084.641 $17,074.51 I $11,042.771 $24,397.63 I $211510.39
I
NOV. I $111975.61 I $161166.71 I $14,246.901 $171184.881 $22i700.73I $201661.061 $241265. 79 I $221846. 79 I $241645.131 I
I I
DEC. I $71860.37! $10,397.06! $101198.241 $121570.11 I $161179.851 $191822.071 $171830.91 ! $17,961.61 ! $191213.551 I
IOTAL $110,497.56 $160,938.94 $143,031.77 $157,985.11 $214,267.28 $212,161.77 $226,875.69 $248,092.53 $252.36~0.93
•
7-24-2009 03: 4 9 PM
41 -4A CORPORATION
ACCT# ACCOUNT NAME
ASSETS
41-00-1010 CASH
41-00-1011 SANGER TX.IND.DEV.CD.67516/4A
41-00-1012 MONEY MARKET (4A) INV.
41-00-1013 SANGER TX IND CORP CD#486639
41-00-1014 SANGER TX IND DEV. CD#568058
41-00-1053 RECEIVABLE-OTHER
41~00-1060 DUE FROM GENERAL FUND
41-00-1062 AMOUNT TO BE PROVIDED L-T-D
TOTAL ASSETS
LIABILITIES
41-00-2201 N/P GNB
TOTAL LIABILITIES
FUND BALANCE
41-00-3020 FUND BALANCE
TAL BEGINNING FUND BALANCE
TOTAL EQUITY/FUND BALANCE
REVENUES
41-00-4000 LOAN PROCEEDS
41-00-4425 STATE SALES TAX
41-00-4800 INTEREST INCOME
41-00-4940 DONATIONS
41-00-4950 PRIOR YEAR INCOME
41-00-4985 TRANSFERS OUT FR 4A TO GF
TOTAL REVENUES
EXPENDITURES ____ ,,., _______ .,.
41-75-5200 CHECK CHARGES
41-75-5205 FOOD
41-75-5210 OFFICE SUPPLIES
41-75-5215 TRAVEL & REGISTRATIONS
41-75-5220 DUES
41-75-5225 PUBLICATIONS/SUBSCRIPTIONS
41-35 DUES & REGISTRATION
41 40 TRAVEL
41-75-5410 INSURANCE
CITY OF SANGER
BASE TRIAL BALANCE
AS OF: JULY 31ST, 2009
*** MONTH TO DATE +++
DEBITS CREDITS
o.oo
0.00
20,054.23
165. 74
0.00
0.00
0.00
0.00
20,219.97 o.oo
=-------===---
0.00
0.00 0.00
---=-"""'"""'·•-===
0.00
0.00 0.00
0.00 0.00
0.00
20,159.79
165.74
5,000.00
0.00
0.00
0.00 25,325.53
--=-==--=-=-==
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
PAGE:
*** YEAR TO DATE
DEBITS CREDITS
6,606.16
o.oo
43,983.99
89,791.63
214,635.79
18,131.63
0.00
0.00
373,149.20 0.00
0.00
0.00 0.00
367,440.52
0.00 0.00
o.oo 367,440.52
====------=---
0.00
217,378.55
9,964.92
5,000.00
0.00
0.00
0. 00 232,343.47
--====•----==--
0.00
o. 00
98.70
0.00
0.00
0.00
0.00
0.00
0.00
7-24-2009 03: 49 PM CITY OF SANGER PAGE: 2
BASE TRIAL BALANCE
AS OF: JULY 31ST, 2009
41 -4A CORPORATION
*** MONTH TO DATE*""* *** YEAR TO DATE
ACCT# ACCOUNT NAME DEBITS CREDITS DEBITS CREDITS
EXPEND I TURES (CONT)
41-75-5420 CONTRACTUAL SERVICES 0.00 0.00
41-75-5425 LEGAL FEES o.oo 0.00
41-75-6500 PROJECTS 0.00 169,571.46
41-75-6505 LOAN PAYMENTS/20066800 5,105.56 56,964.63
TOTAL EXPENDITURES 5,105.56 0. 00 226,634.79 0.00
*** TOTALS BALANCE +++ 25,325.53 25,325.53 599,783.99 599,783.99
*** END OF REPORT***
7-24-2009 03: 47 PM
41 -4A CORPORATION
C I T Y O F S A N G E R
FINANCIAL STATEMENT
CURRENT
BUDGET
AS OF: JULY 31ST, 2009
CURRENT
PERIOD
Y-T-D % OF
ACTUAL BUDGET
Y-T-D
ENCUMB.
PAGE:
BUDGET
BALANCE
----------------------------------------------------------------------------------------------------------------------------------
REVENUE SUMMARY
4A REVENUES
TOTAL REVENUES ** *
EXPENDITURE SUMMARY
7 5-4A EXPENSES
*** TOTAL EXPENDITURES ***
** REVENUES OVER (UNDER) EXPENDITURES
TOTAL OTHER FINANCING SOURCES (USES)
222,500.00
222,500.00
81,400.00
81,400.00
141,100.00
0.00
0.00
0.00
25,325.53
25,325.53
5,105.56
5,105.56
20,219.97
0.00
o.oo
0.00
232,343.47 104.42
232,343.47 104.42
226,634.79 278.42
226,634.79 278.42
5,708.68
0.00
0.00
0.00
4.05
o.oo
0.00
0.00
0.00
0.00
0.00
o. 00
0.00
o. 00
o.oo
0.00
9,843.47)
9,843.47)
145,234.79)
145,234.79)
135,391.32
0.00
0.00
0.00
7-24-2009 03: 47 PM C I T Y 0 F S A N G E R PAGE: 2
FINANCIAL STATEMENT
AS OF: JULY 31ST, 2009
41 -4A CORPORATION
REV
CURRENT CURRENT Y-T-D % OF Y-T-D BUDGET
BUDGET PERIOD ACTUAL BUDGET ENCUMB. BALANCE
4A REVENUES
00-4000 LOAN PROCEEDS 0.00 o.oo 0.00 0. 00 0.00 0.00
00-4425 STATE SALES TAX 240,000.00 20,159.79 217,378.55 90. 57 0.00 22,621.45
00-4800 INTEREST INCOME 7,500.00 165.74 9,964.92 132. 87 0.00 2,464.92)
00-4940 DONATIONS 0.00 5,000.00 5,000.00 0.00 0. 00 5,000.00)
00-4950 PRIOR YEAR INCOME 0.00 o.oo 0.00 0.00 0.00 0.00
00-4985 TRANSFERS OUT FR 4A TO GF 25,000.00) 0.00 0.00 ____Q_,_QQ o. 00 25,000.00)
TOTAL 4A REVENUES 222,500.00 25,325.53 232,343.47 104.42 0.00 9,843.47)
* * * TOTAL REVENUES 222,500.00 25,325.53 232,343.47 104.42 0.00 9,843.47)
7-24-2009 03: 47 PM
41 -4A CORPORATION
7 5-4A EXPENSES
DEP lT EXPENDITURES
C I T Y O F S A N G E R
FINANCIAL STATEMENT
CURRENT
BUDGET
AS OF: JULY 31ST, 2009
CURRENT
PERIOD
Y-T-D % OF
ACTUAL BUDGET
Y-T-D
ENCUMB.
PAGE:
BUDGET
BALANCE
---------------------------------------------------------------------------------------------------------------------------------
52-SUPPLIES AND MATERIALS
75-5200 CHECK CHARGES
7 5-5205 FOOD
75-5210 OFFICE SUPPLIES
75-5215 TRAVEL & REGISTRATIONS
75-5220 DUES
75-5225 PUBLICATIONS/SUBSCRIPTIONS
75-5235 DUES & REGISTRATION
75-5240 TRAVEL
TOTAL 52-SUPPLIES AND MATERIALS
54-CONTRACT SERVICES
75-5410 INSURANCE
75-5420 CONTRACTUAL SERVICES
75-5425 LEGAL FEES
TOTAL 54-CONTRACT SERVICES
65-~
75-65 •• PROJECTS
75-6505 LOAN PAYMENTS/20066800
TOTAL 65-PROJECTS
*** DEPARTMENT TOTAL ***
TOTAL EXPENDITURES ***
OTHER FINANCING SOURCES (USES)
------------------------------
TOTAL OTHER FINANCING SOURCES
**+ £ND OF REPORT ***
•
(USES)
0.00
0.00
200.00
0.00
0.00
200.00
250.00
750.00
1,400.00
o.oo
0.00
0.00
0.00
40,000.00
40,000.00
80,000.00
81,400.00
-==•---==-----=
81,400.00
""""'=---""""--""""==
0.00
o.oo
0.00
0.00
0.00
0.00
0.00
o.oo
o.oo
0.00
0.00
0.00
o.oo
o.oo
0.00
5,105.56
5,105.56
5,105.56
5,105.56
0.00
0.00 0.00
0.00 0.00
98. 70 49.35
o.oo 0.00
0.00 0. 00
0.00 0.00
0.00 0.00
0.00 _J)__,__QQ
98.70 7.05
0.00 0.00
0.00 0.00
----~o~. o~o _Jl__,__QQ
0.00 0.00
169,571.46 423.93
56,964.63 142.41
226,536.09 283.17
226,634.79 278. 42
226,634. 79 278.42
0.00 0.00
-----=---==---
o.oo
0.00
0.00
0.00
0.00
0.00
o.oo
0.00
0.00
0.00
0.00
0.00
o.oo
0.00
0.00
0.00
0. 00
0.00
0.00
==---=-==-----
0.00
0.00
101. 30
0.00
o. 00
200.00
250.00
750.00
1,301.30
0.00
0.00
0.00
0.00
129,571.46)
16,964.63)
146,536.09)
145,234.79)
145,234.79)
0.00