05/12/2008-4B-Agenda Packet-RegularAGENDA
4B SANGER, TEXAS DEVELOPMENT CORPORATION
MONDAY, MAY 12, 2008
6:00 P.M.
201 BOLIVAR
1. Call Meeting to Order.
2. Approve Minutes: April 14, 2008
3. Overview of Authorized Expenditures by the 4B Board.
4. Update on Regional Park.
5. Conduct Public Hearing on Expending 4B Funds for Soccer Goals and Streetscape
Lighting and Accessories.
6. Consider and Possible Approval of Expending 4B Funds for Soccer Goals and
Streetscape Lighting and Accessories.
7. Review Financials.
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.
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MINUTES: SANGER TEXAS DEVELOPMENT CORPORATION
April 14, 2008
MEMBERS
P:J{ESENT: Vice-President John Payne, Barbara Martin, Beverly Branch, and Glenn Ervin
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~EMBERS
ABSENT: Jeff Sprin~er
1. Call Meeting to Order.
Vice-President John Payne called meeting to order.
2. Approve Minutes: March 24, 2008
Motion was made by Beverly Branch to approve the minutes as presented. Seconded
by Glenn Ervin. Motion carried unanimously.
3. , Discussion and Possible Action on Appointment of Officers.
Barbara Martin made the motion to appoint John Payne as President. Seconded by
Beverly Branch. Motion carried unanimously.
Motion was made by Glenn Ervin to appoint Beverly Branch as Vice-President.
Seconded, by Barbara Martin.
Barbara Branch made a motion to nominate Glenn Ervin as Vice-President. Seconded
by John Payne.
President John Payne asked for a secret ballot.
The vote was 3-1 by secret ballot to appoint Beverly Branch as Vice-President.
4. Review Financials.
City Secretary gave a brief update on the financ~als. She advised the total monies held
in the checking, money market and certificates of deposits totaled $777,038.43.
Brief discussion concerning the Trial Balance.
5. Executive Session: Pursuant to Open Meetings Act; Chapter 551, Texas Government
Code, Subchapter D, 551.072 Deliberations Regarding Real Property
(a) Possible Purchase of Real Property
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President Payne convened the Board into Executive Session at 6:13 p.m.
Reconvene: Into. Regular Session and Consider Action, if any, on Items Discussed in
Executive Session.
President Payne reconvened Council from Executive Session at 6:38 p.m.
There was no action taken.
7. 1 Adjournment.
Prior to adjournment City Manager advised if the Board members needed to add any
item to the agenda, c~ll him and he will.make sure it is on the agenda.
President Payne asked if there was any update on the downtown project.
City Manager advised that the City Council approved the bid last Monday. We are in
the process of getting the bonds before they are allowed to start.
Brief discussion concerning Sanger Sellabration and hoping the project will be
completed before that event takes place.
Beverly Branch made the motion to adjourn the meeting. Seconded by Barbara
Martin. Motion carried unanimously •
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May 7, 2008
Sanger Texas Development Corporation
SUMMARY OF CHECKING ACCOUNT & CD BALANCES
thru
April 30, 2008
CASH AVAILABLE IN CHECKING
4B CERTIFICATE OF DEPOSIT #497371
4B CERTIFICATE OF DEPOSIT #461024
Interest Earned this month
$ 63,699.71
$ 137,053.36
$ 595,429.30
$ 796,182;37
2,517.84
5-07-2008 01:29 PM
42 -4B CORPORATION
ACCOUNT NO# TITLE
ASSETS
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00-1010 CASH MONEY MARKET#2379694
00-1011 ·SANGER TX DEV. CORP.CD 497371
00-1012 4B CD 461024(6669)
00-1053 RECEIVABLE-OTHER
00-1060 DUE FROM GEN. FUND
00-1062 AMT TO BE PROVIDED FOR L-T-D
LIABILITIES AND FUND BALANCE
REVENUES
EXPENSES
00-2201 N/P GNB
00-3020 FUND BALANCE
00-4425
00-4800
00-4940
STATE SALES TAX
INTEREST INCOME
DONATIONS
00-4950 TRANSFER PRIOR YEAR INCOME
00-4985 TRANFERS OUT TO 4B/PARK EXP
00-4990 TRANSFERS FROM RESERVES
76-5200 CHECK CHARGES
76-5210 OFFICE SUPPLIES
76-5215 TRAVEL & REGISTRATIONS
76-5220 DUES
76-5225 PUBLICATIONS/SUBSCRIPTIONS
, 76-5410 INSURANCE
76-5420 CONTRACTUAL SERVICES
76-5450 ENGINEERING FEES
76-6500 PROJECTS
***TOTALS***
C I T Y O F S A N G E R
TRIAL BALANCE
AS OF: APRIL 30TH, 2008
**** MONTH TO DATE****
DEBITS CREDITS
17,626.10
0.00
2,517.84
0.00
0.00
0.00
o.oo
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
723. 49
o.oo
o.oo
o.oo
161. 95
21,029.38
18,511.54
2,517.84
21,029.38CR
***** YEAR TO DATE*****
DEBITS
63,699.71
137,053.36
595,429.30
18,874.94
0.00
0.00
0.00
0.00
0.00
10,000.00
0.00
o.oo
o.oo
5.00
723.49
o.oo
0.00
0.00
159, 3,77. 98
985,163.78
CREDITS
662,226.48
143,117.86
21,942.60
157,876.84
985,163.78CR
PAGE: 1
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5-07-2008 01:29 PM
42 -4B CORPORATION
REVENUES
REVENUES
4B REVENUES
00-4425 STATE SALES, TAX
00-4800 INTEREST INFOME
00-4940 DONATIONS
00-4950 TRANSFER PRIOR YEAR INCOME
00-4985 TRANFERS OUT TO 4B/PARK EXP
00-4990 TRANSFERS FROM RESERVES
TOTAL 4B REVENUES
*** TOTAL REVENUES ***
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C I T Y O F S A N G E R
FINANCIAL STATEMENT
CURRENT
BUDGET
222,000.00
32,000.00
0.00
0.00
40,000.00)
225,399.00
439,399.00
439,399.00
=============
AS OF: APRIL 30TH, 2008
CURRENT
PERIOD
18,511.54
2,517.84
0.00
0.00
0.00
0.00
21,029.38
21,029.38
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Y-T-D
ACTUAL
143,117.86
21,942.60
0.00
0.00
10,000.00)
157,876.84
312,937.30
312,937.30
-===-=-==-==--
% OF
BUDGET
64.47
68.57
o.oo
o.oo
25.00
70.04
71.22
71.22
Y-T-D
ENCUMB.
0.00
0.00
o.oo
o.oo
0.00
0.00
0.00
0.00
============
PAGE: 2
BUDGET
BALANCE
78,882.14
10,057.40
0.00
0.00
30,000.00)
67,522.16
126,461.70
126,461.70
-----=-===-===
5-07-2008 01:29 PM
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42 -4B CORPORATION
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RE' SUMMARY
4B REVENUES
*** TOTAL REVENUES ***
EXPENDITURE SUMMARY
76-4B EXPENSES
*** TOTAL EXPENDITURES***
** REVENUES OVER(UNDER) EXPENDITURES**
TOTAL OTHER FINANCING SOURCES (USES)
C
CURRENT
BUDGET
439,399.00
439,399.00
226,649.00
226,649.00
212,750.00
225,399.00
0.00
225,399.00)
I T Y 0 F SANGER
FINANCIAL STATEMENT
AS OF: APRIL 30TH,
CURRENT
PERIOD
21,029.38
21,029.38
885.44
885.44
20,143.94
0.00
0.00
o.oo
2008
Y-T-D
ACTUAL
312,937.30
312,937.30
160,106.47
160,106.47
152,830.83
157,876.84
0.00
157,876.84)
% OF
BUDGET
71.22
71.22
70.64
70. 64
71.84
70.04
0.00
70.04
Y-T-D
ENCUMB.
0.00
0.00
0.00
0.00
o.oo
0.00
o.oo
o.oo
PAGE: 1
BUDGET
BALANCE
126,461.70
126,461.70
66,542.53
66,542.53
59,919.17
67,522.16
0.00
67,522.16)
5-07-2008 Ol:29•PM
42 -4B CORPORATION
76-4B EXPENSES
DEPARTMENT EXPENDITURES
C I T Y O ~ S A N G E R
FINANCIAL STATEMENT
CURRENT
BUDGET
AS OF: APRIL 30TH, 2008
CURRENT
PERIOD
Y-T-D % OF
ACTUAL BUDGET
Y-T-D
ENCUMB.
PAGE: 3
BUDGET
BALANCE
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52-SUPPLIES AND MATERIALS
76-5200 CHECK CHARGES
76-5210 OFFICE SUPPLIES
76-521? TRAVEL & REGISTRATIONS
76-5220 DUES
76-522? PUBLICATIONS/SUBSCRIPTIONS
TOTAL 52-SUPPLIES AND MATERIALS
54-CONTRACT SERVICES
76-5410 INSURANCE,
76-5420 CONTRACTUAL SERVICES
76-5450 ENGINEERI~G FEES
TOTAL 54-CONTRACT SERVICES
65-PROJECTS
76-6500 PROJECTS
TOTAL 65-PROJECTS
*** DEPARTMENT TOTAL ***
*** TOTAL EXPENDITURES***
1
OTHER FINANCING SOURCES (USES)
00-TRANSFERS FROM RESERVES
TOT HER FINANCING SOURCES (USES)
*** END OF REPORT***
0.00
200.00
500.00
250.00
200.00
1,150.00
100.00
0.00
0.00
100.00
225,399.00
225,399.00
226,649.00
226,649.00
225,399.00)
0.00
0.00
o.oo
0,.00
723. 49
723. 4 9
0.00
0.00
0.00
o.oo
161.95
161. 95
885.44
885.44
o.oo
o.oo
0.00
0.00
0.00
5.00
723. 49
728.49
0.00
0.00
0.00
0.00
159,377.98
159,377.98
160,106.47
160,106.47
0.00
0.00
0.00
2.00
361. 75
63 .35
0.00
0.00
__Q__,__Q_Q
0.00
70.71
70. 71
70.64
70. 64
157,876.84 70.04
157,876.84) 70.04
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
200.00
500.00
245.00
523.49)
421.51
100.00
0.00
0.00
100.00
66,021.02
66,021.02
66,542.53
66,542.53
67,522.16
67,522.16)
48 DEPOSITS . .
1999 1 2000 1 2001 1 2002 1 2003 1 2004 1 2005 1 2006 1 2001 1 200a I
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JAN. I $6,691.041 $8,083.931 $8,937.431 $10,348.821 $10,188.22! $25,847.621 '$13,993.781 $16,264.501 $16,691.41 l $17,436.57! -I
FEB. I $9,806.451 $9,763.371 $11,840.64! $14,870.78! $14,840.341 $17,485.76! $21,779.911 $21,513.62! $19,601.10! $22,071.09! , I
MARCH I $6,700.021 $10,384.63! $8,984.181 $9,209.151 $12,446.36! $13,382.911 $14,254.43! $16,620.931 $16,472.34! $19,892:631 I --I
APRIL I $10,075. 18! $8,416.521 $9,517.25! $9, 195.02! $9,202.14! $12,224.77! . $14,166.101 $17,198.171 $15,482.00I $18,511.541
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MAY I $9,970.221 $10,323.151 $14,946.44( $10,623.561 $15,125.041 $20,311.371 $20,556.141 $17,428.361 $26,767.83 . I e I
JUNE I $7,392.45! $7,953.66! $10,131.01! $11,911.06! $14,358.11! $18,276.941 $15,585.541 $23,063.991 $17,172.67! I I ,. I
JULY I $8,733.021 $7,642.301 $12,784.181 $10,597.471 $11,370.281 $16,692.361 $16,914.66!· $17,896.76! $19,127.61 ! I I -~
AUGUST I $12,935.49! $10,854.251 $17,035.00! $14,962.171 $16,132.42! $19,354.711 $20,375.581 $24,003.151 $24,581.42! I I -, . !
SEPT. I $8,584.581 $7,103.501 $11,612.08! $12,928. 16! $13,140.491 $15,725.62! $16,977.99! $19,746.741 $26,990.121 . I I . ~
OCT. I $9,164.48! $10,136.27! $28,586.961 $13,940.44! $11,426.72! $16,084.64! $17,074.51'! $11,042.77! $24,397.63! l i ~" ,,, ~ ~ , " I
NOV. I $8,912.471 $11,975.611 $16,166.711 $14,246.90,--$17,184.88! $22,700.731 $20,661.061 $24,265.791 $22,846.791 I
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DEC. -, $12,594.421 $7,860.371 $10,397.061 $10,-198.24! $12,570.111 $16,179.851 $19,822.071 $17,830.911 $17,961.611 I
IOTAL $111.559.82 $110,497.56 $160,938.94 $143,031.77 $157,985.11 $214,267.28 $212.161.77 $226.875.69 $248,092.53
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