05/02/2023-4A-Agenda Packet-Regular4A INDUSTRIAL DEVELOPMENT BOARD
MEETING AGENDA
MAY 02, 2023, 6:00 PM
4A INDUSTRIAL DEVELOPMENT BOARD REGULAR MEETING
DEVELOPMENT SERVICES BUILDING - 201 BOLIVAR STREET, SANGER, TEXAS 76266
CALL THE REGULAR MEETING TO ORDER AND ESTABLISH A QUORUM
INVOCATION AND PLEDGE
CITIZENS COMMENTS
This is an opportunity for citizens to address the Board on any matter. Comments related to
public hearings will be heard when the specific hearing begins. Citizens are allowed 3 minutes
to speak. Each speaker must complete the Speaker’s Form and include the topic(s) to be
presented. Citizens who wish to address the Board with regard to matters on the agenda will
be received at the time the item is considered. The Board is not allowed to converse, deliberate
or take action on any matter presented during citizen input.
CONSENT AGENDA
All items on the Consent Agenda will be acted upon by one vote without being discussed
separately unless requested by a Board member to remove the item(s) for additional discussion.
Any items removed from the Consent Agenda will be taken up for individual consideration.
1. Consideration and possible action on 4A minutes from 04-04-2023
REPORTS
Staff Reports are for discussion only. No action may be taken on items listed under this portion
of the agenda.
2. Financial Reports
3. Director’s Report
FUTURE AGENDA ITEMS
The purpose of this item is to allow the President and Board members to bring forward items
they wish to discuss at a future meeting, A Board member may inquire about a subject for
which notice has not been given. A statement of specific factual information or the recitation of
existing policy may be given. Any deliberation shall be limited to a proposal to place the subject
on an agenda for a subsequent meeting. Items may be placed on a future meeting agenda with
a consensus of the Board or at the call of the President.
1
EXECUTIVE SESSION
Pursuant to the Open Meetings Act, Chapter 551, the 4A Sanger Industrial Development
Corporation Will Meet in a Closed Executive Session in Accordance with the Texas Government
Code:
Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY
For deliberations regarding the purchase, exchange, lease, or value of real property if
deliberation in an open meeting would have a detrimental effect on the position of the
governmental body in negotiations with a third person.
Discuss the purchase of real property.
RECONVENE INTO REGULAR SESSION
Reconvene into Regular Session and take any action deemed necessary as a result of Executive
Session.
ADJOURN
NOTE: The Board reserves the right to adjourn into Executive Session as authorized by Texas
Government Code, Section 551.001, et seq. (The Texas Open Meetings Act) on any item on its
open meeting agenda in accordance with the Texas Open Meetings Act, including, without
limitation Sections 551.071-551.087 of the Texas Open Meetings Act.
CERTIFICATION
I certify that a copy of this meeting notice was posted on the bulletin board at City Hall that is
readily accessible to the general public at all times and was posted on the City of Sanger
website on April 28, 2023 at 10:00 A.M.
Stefani Dodson
Stefani Dodson, Secretary
2
4A INDUSTRIAL DEVELOPMENT BOARD
COMMUNICATION
DATE: May 2, 2023
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Consideration and possible action on 4A minutes from 04-04-2023
SUMMARY:
Consideration and possible action on 4A minutes from 04-04-2023
FISCAL INFORMATION:
Budgeted: NA Amount: NA GL Account: NA
RECOMMENDED MOTION OR ACTION:
Staff recommends approval.
ATTACHMENTS:
4A minutes from 04-04-2023
3
Item 1.
4A INDUSTRIAL DEVELOPMENT BOARD
MEETING MINUTES
APRIL 04, 2023, 5:30 PM
4A INDUSTRIAL DEVELOPMENT BOARD REGULAR MEETING
HISTORIC CHURCH BUILDING - 403 N 7TH STREET, SANGER, TEXAS
CALL THE REGULAR MEETING TO ORDER AND ESTABLISH A QUORUM
Board Member Hall called the meeting to order at 5:30 P.M.
BOARD MEMBERS PRESENT
Board Member, Place 2 Sue Allison
Board Member, Place 3 Shannon Gann
Board Member, Place 4 Nancy McAlister
Board Member, Place 5 Drew Hall
BOARD MEMBERS ABSENT
Board Member, Place 1 Chris Kundrock
STAFF MEMBERS PRESENT:
Director of Economic Development Shani Bradshaw, and Secretary Stefani Dodson
CITIZENS COMMENTS
No citizens came forward to speak
REPORTS
1. Financial Reports
Director Bradshaw gives a brief update on the financial report.
2. New Economic Development Website Overview
Director Bradshaw gives a brief update on the new website.
CONSENT AGENDA
3. Consideration and possible action on 4A minutes from 02-07-2023.
4
Item 1.
4. Consideration and possible action on 4A minutes from 02-28-2023.
Motion to approve the consent agenda was made by Board Member Allison with the
work “future” added to the minutes on 02-07-23, Seconded by Board Member
McAlister.
Voting Yea: Board Member Hall, Board Member Gann. The motion passes unanimously.
DISCUSSION ITEMS
5. Discussion on the 4A Fiscal Year 2023-2024 Budget.
Director Bradshaw goes over a few changes for the next year’s budget.
FUTURE AGENDA ITEMS
There were no future items discussed.
EXECUTIVE SESSION
Pursuant to the Open Meetings Act, Chapter 551, the 4A Sanger Industrial Development
Corporation Will Meet in a Closed Executive Session in Accordance with the Texas Government
Code:
Sec. 551.072. DELIBERATION REGARDING REAL PROPERTY
For deliberations regarding the purchase, exchange, lease, or value of real property if
deliberation in an open meeting would have a detrimental effect on the position of the
governmental body in negotiations with a third person.
Discuss the purchase of real properties
Board Member Hall convened the meeting into Executive Session at 6:29 p.m.
RECONVENE INTO REGULAR SESSION
Reconvene into Regular Session and take any action deemed necessary as a result of Executive
Session.
Board Member Hall reconvened the meeting at 7:08 p.m.
ADJOURN
There being no further business, Board Member Hall adjourned the meeting at 7:08 p.m.
5
Item 1.
4A INDUSTRIAL DEVELOPMENT BOARD
COMMUNICATION
DATE: May 2, 2023
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Financial Reports
SUMMARY:
Financial report for period ending March 31, 2023.
Revenues and expenditures reflect activity from October 1, 2022, through March 31, 2023
Sales Tax Collections for January 31, 2023.
FISCAL INFORMATION:
Budgeted: NA Amount: NA GL Account: NA
RECOMMENDED MOTION OR ACTION:
NA
ATTACHMENTS:
Monthly Financial Report
Revenue Expense Report
Balance Sheet
Sales Tax Report
6
Item 2.
Percent
Budget Actual of Budget
Revenue
Sales Tax 800,000 385,879 48%
Interest Income 22,000 19,057 87%
Transfer from 4B
Total Revenue 822,000 404,935 49%
Expenditures
Salaries & Benefits 60,500 29,511 49%
Supplies & Materials 47,750 19,568 41%
Maintenance & Operations 5,800 281 5%
Contract Services 25,000 14,293 57%
Capital Outlay
Debt Service
Total Expenditures 139,050 63,653 46%
Revenues Over Expenditures 682,950 341,282
Cash in Bank - First United 2,130,779
Cash in Bank - Prosperity 332,238
Money Market 483,213
Certificate of Deposit 95,972
Total Cash 3,042,202
March 31, 2023
Fund 4A
Sanger Texas Industrial Development Corporation
7
Item 2.
4-26-2023 10:16 AM CITY OF SANGER PAGE: 1
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: MARCH 31ST, 2023
41 -4A CORPORATION
FINANCIAL SUMMARY % OF YEAR COMPLETED: 50.00
CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD
BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET
____________________________________________________________________________________________________________________________
REVENUE SUMMARY
TAXES 800,000 52,564.82 385,878.81 0.00 414,121.19 48.23
INTEREST 22,000 3,318.37 19,056.64 0.00 2,943.36 86.62
TOTAL REVENUES 822,000 55,883.19 404,935.45 0.00 417,064.55 49.26
EXPENDITURE SUMMARY
46-ECONOMIC DEVELOPMENT 139,050 8,135.32 63,652.98 ( 12,873.18) 88,270.20 36.52
74-TRANSFERS 15,000 0.00 15,000.00 0.00 0.00 100.00
____________________________________________________________________________________________________________________________
TOTAL EXPENDITURES 154,050 8,135.32 78,652.98 ( 12,873.18) 88,270.20 42.70
REVENUE OVER/(UNDER) EXPENDITURES 667,950 47,747.87 326,282.47 12,873.18 328,794.35 50.78
8
Item 2.
4-26-2023 10:16 AM CITY OF SANGER PAGE: 2
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: MARCH 31ST, 2023
41 -4A CORPORATION
FINANCIAL SUMMARY % OF YEAR COMPLETED: 50.00
CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD
REVENUES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET
____________________________________________________________________________________________________________________________
TAXES
00-4325 STATE SALES TAX 800,000 52,564.82 385,878.81 0.00 414,121.19 48.23
TOTAL TAXES 800,000 52,564.82 385,878.81 0.00 414,121.19 48.23
GRANTS ____________ ______________ ______________ ______________ ______________ _______
INTEREST
00-4800 INTEREST INCOME 22,000 3,318.37 19,056.64 0.00 2,943.36 86.62
TOTAL INTEREST 22,000 3,318.37 19,056.64 0.00 2,943.36 86.62
RENTAL INCOME ____________ ______________ ______________ ______________ ______________ _______
TRANSFERS ____________ ______________ ______________ ______________ ______________ _______
____________________________________________________________________________________________________________________________
TOTAL REVENUE 822,000 55,883.19 404,935.45 0.00 417,064.55 49.26
============ ============== ============== ============== ============== =======
9
Item 2.
4-26-2023 10:16 AM CITY OF SANGER PAGE: 3
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: MARCH 31ST, 2023
41 -4A CORPORATION
46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 50.00
CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD
DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET
____________________________________________________________________________________________________________________________
51-SALARIES AND BENEFITS
46-5110 REGULAR SALARIES 43,050 3,246.64 21,103.16 0.00 21,946.84 49.02
46-5125 LONGEVITY PAY 350 0.00 306.00 0.00 44.00 87.43
46-5128 AUTO ALLOWANCE 3,000 250.00 1,500.00 0.00 1,500.00 50.00
46-5129 CELL PHONE ALLOWANCE 300 25.00 150.00 0.00 150.00 50.00
46-5130 FICA 3,600 265.75 1,742.33 0.00 1,857.67 48.40
46-5140 RETIREMENT 5,600 460.01 2,461.39 0.00 3,138.61 43.95
46-5150 HEALTH INSURANCE 4,200 353.76 2,124.19 0.00 2,075.81 50.58
46-5160 WORKER'S COMPENSATION 250 0.00 123.67 0.00 126.33 49.47
46-5170 T W C 150 0.00 0.00 0.00 150.00 0.00
TOTAL 51-SALARIES AND BENEFITS 60,500 4,601.16 29,510.74 0.00 30,989.26 48.78
52-SUPPLIES AND MATERIALS
46-5210 OFFICE SUPPLIES 500 18.39 386.69 0.00 113.31 77.34
46-5213 COMPUTER HARDWARE 1,500 764.86 764.86 902.31 ( 167.17) 111.14
46-5214 COMPUTER SOFTWARE 3,500 0.00 2,000.00 ( 2,000.00) 3,500.00 0.00
46-5215 FOOD 200 0.00 0.00 0.00 200.00 0.00
46-5220 POSTAGE 50 0.00 0.00 0.00 50.00 0.00
46-5226 MARKETING & PROMOTION 25,000 2,500.00 11,284.48 ( 2,453.12) 16,168.64 35.33
46-5235 DUES & SUBSCRIPTIONS 10,000 58.00 4,495.17 0.00 5,504.83 44.95
46-5240 CONFERENCES & TRAINING 7,000 158.41 637.10 0.00 6,362.90 9.10
TOTAL 52-SUPPLIES AND MATERIALS 47,750 3,499.66 19,568.30 ( 3,550.81) 31,732.51 33.54
53-MAINTENANCE AND OPERAT
46-5310 R & M BUILDING 5,000 0.00 0.00 0.00 5,000.00 0.00
46-5332 OFFICE MACHINE LEASE 800 34.50 280.61 0.00 519.39 35.08
TOTAL 53-MAINTENANCE AND OPERAT 5,800 34.50 280.61 0.00 5,519.39 4.84
54-CONTRACT SERVICES
46-5425 LEGAL SERVICES 1,000 0.00 0.00 0.00 1,000.00 0.00
46-5430 PROFESSIONAL SERVICES 23,000 0.00 8,213.33 ( 3,350.00) 18,136.67 21.14
46-5450 TECHNICAL SUPPORT 1,000 0.00 0.00 0.00 1,000.00 0.00
46-5452 WEBSITE 0 0.00 6,080.00 ( 5,972.37)( 107.63) 0.00
TOTAL 54-CONTRACT SERVICES 25,000 0.00 14,293.33 ( 9,322.37) 20,029.04 19.88
55-UTILITIE S ____________ ______________ ______________ ______________ ______________ _______
56-GRANT EXPENSES ____________ ______________ ______________ ______________ ______________ _______
60-CAPITAL OUTLAY < $5K ____________ ______________ ______________ ______________ ______________ _______
10
Item 2.
4-26-2023 10:16 AM CITY OF SANGER PAGE: 4
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: MARCH 31ST, 2023
41 -4A CORPORATION
46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 50.00
CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD
DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET
____________________________________________________________________________________________________________________________
61-CAPITAL OUTLAY ____________ ______________ ______________ ______________ ______________ _______
71-DEPRECIATION ____________ ______________ ______________ ______________ ______________ _______
70-DEBT PAYMENTS ____________ ______________ ______________ ______________ ______________ _______
____________________________________________________________________________________________________________________________
TOTAL 46-ECONOMIC DEVELOPMENT 139,050 8,135.32 63,652.98 ( 12,873.18) 88,270.20 36.52
11
Item 2.
4-26-2023 10:16 AM CITY OF SANGER PAGE: 5
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: MARCH 31ST, 2023
41 -4A CORPORATION
74-TRANSFERS % OF YEAR COMPLETED: 50.00
CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD
DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET
____________________________________________________________________________________________________________________________
74-TRANSFERS
74-7499 TRANSFER TO I S F 15,000 0.00 15,000.00 0.00 0.00 100.00
TOTAL 74-TRANSFERS 15,000 0.00 15,000.00 0.00 0.00 100.00
____________________________________________________________________________________________________________________________
TOTAL 74-TRANSFERS 15,000 0.00 15,000.00 0.00 0.00 100.00
TOTAL EXPENDITURES 154,050 8,135.32 78,652.98 ( 12,873.18) 88,270.20 42.70
============ ============== ============== ============== ============== =======
REVENUE OVER/(UNDER) EXPENDITURES 667,950 47,747.87 326,282.47 12,873.18 328,794.35 50.78
12
Item 2.
4-26-2023 10:16 AM CITY OF SANGER PAGE: 1
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: MARCH 31ST, 2023
42 -4B CORPORATION
FINANCIAL SUMMARY % OF YEAR COMPLETED: 50.00
CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD
BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET
____________________________________________________________________________________________________________________________
REVENUE SUMMARY
TAXES 800,000 52,564.82 385,878.81 0.00 414,121.19 48.23
INTEREST 30,000 3,046.99 17,076.11 0.00 12,923.89 56.92
TOTAL REVENUES 830,000 55,611.81 402,954.92 0.00 427,045.08 48.55
EXPENDITURE SUMMARY
74-TRANSFERS 227,500 0.00 227,500.00 0.00 0.00 100.00
76-4B FUND 644,050 158,653.71 297,942.94 104,583.60 241,523.46 62.50
____________________________________________________________________________________________________________________________
TOTAL EXPENDITURES 871,550 158,653.71 525,442.94 104,583.60 241,523.46 72.29
REVENUE OVER/(UNDER) EXPENDITURES ( 41,550)( 103,041.90)( 122,488.02)( 104,583.60) 185,521.62 546.50
13
Item 2.
4-26-2023 10:16 AM CITY OF SANGER PAGE: 2
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: MARCH 31ST, 2023
42 -4B CORPORATION
FINANCIAL SUMMARY % OF YEAR COMPLETED: 50.00
CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD
REVENUES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET
____________________________________________________________________________________________________________________________
TAXES
00-4325 STATE SALES TAX 800,000 52,564.82 385,878.81 0.00 414,121.19 48.23
TOTAL TAXES 800,000 52,564.82 385,878.81 0.00 414,121.19 48.23
INTEREST
00-4800 INTEREST INCOME 30,000 3,046.99 17,076.11 0.00 12,923.89 56.92
TOTAL INTEREST 30,000 3,046.99 17,076.11 0.00 12,923.89 56.92
____________________________________________________________________________________________________________________________
TOTAL REVENUE 830,000 55,611.81 402,954.92 0.00 427,045.08 48.55
============ ============== ============== ============== ============== =======
14
Item 2.
4A INDUSTRIAL DEVELOPMENT BOARD
COMMUNICATION
DATE: May 4, 2023
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Director’s Report
SUMMARY:
Director will provide an update on Economic Development projects, activities, and events.
FISCAL INFORMATION:
Budgeted: NA Amount: NA GL Account: NA
RECOMMENDED MOTION OR ACTION:
NA
ATTACHMENTS:
15
Item 3.
DIRECTOR’S REPORT
APRIL 2023
1 | P a g e
1. Business Growth and Development Updates:
Quicktrip grand opening has been moved to July 2023.
Starbucks is scheduled for July or August 2023.
2. New Businesses: no updates
3. Marketing/Networking:
Quarterly Economic Development Newsletter
Zoom Prospector and ED Website
Business Spotlight Video
4. Grant Updates:
4B has approved three Property Enhancement Grant application
o 311 N. 4th Street
o 1106 Stemmons
o 1108-1114 Stemmons
5. Sanger ED Updates:
Presented Economic Development Update to City Council on April 17.
Meeting with NCTC on April 25 to discuss programs and grant opportunities for workforce development.
2022 Economic Development Excellence Award – Sanger ED recognized by the Denton County Commissioners
Court on May 2.
The Sale of the Warehouse has been completed.
FY 2023-2024 Budget update.
6. Other Updates:
Attended
Monthly Ambassador Meeting
Monthly Chamber Luncheon
College/Trade/Career Fair
2023 Important Dates
May 1, 2023 – City Council Meeting
May 8-9, 2023 – SEDC Meet the Consultants
May 8-12, 2023 – Economic Development Week
May 10, 2023 – Business Over Breakfast
May 15, 2023 – City Council Meeting
May 22, 2023 – Monthly Ambassador Meeting
May 23, 2023 – 4B Board Meeting
May 25, 2023 – Chamber Luncheon
May 29, 2023 – Holiday
16
Item 3.