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02/06/2024-4A-Agenda Packet-Regular4A INDUSTRIAL DEVELOPMENT BOARD MEETING AGENDA FEBRUARY 06, 2024, 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 11/28/2023. DISCUSSION ITEMS 2. Discussion regarding the development of a Strategic Plan. REPORTS Staff Reports are for discussion only. No action may be taken on items listed under this portion of the agenda. 3. Financial Reports. 4. 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 1 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. 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 January 31, 2024, at 9 A.M. Stefani Dodson Stefani Dodson, Secretary The building is wheelchair accessible. Request for additional accommodations or sign interpretation or other special assistance for disabled attendees must be requested 48 hours prior to the meeting by contacting the City Secretary’s Office at 940.458.7930. 2 4A INDUSTRIAL DEVELOPMENT BOARD COMMUNICATION DATE: February 6, 2024 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Consideration and possible action on 4A minutes from 11/28/2023. SUMMARY: Consideration and possible action on 4A minutes from 11/28/2023. FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: Staff recommends approval. ATTACHMENTS: 4A minutes from 11-28/2023 3 Item 1. 4A Minutes 11-28-23 Page 1 of 2 4A INDUSTRIAL DEVELOPMENT BOARD MEETING MINUTES NOVEMBER 28, 2023, 6:00 PM 4A INDUSTRIAL DEVELOPMENT BOARD SPECIAL MEETING DEVELOPMENT SERVICES BUILDING - 201 BOLIVAR STREET, SANGER, TEXAS 76266 CALL THE REGULAR MEETING TO ORDER AND ESTABLISH A QUORUM Board Member Kundrock called the meeting to order at 6:00 P.M. BOARD MEMBERS PRESENT Board Member, Place 1 Chris Kundrock 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 STAFF MEMBERS PRESENT Director of Economic Development Shani Bradshaw, and Secretary Stefani Dodson. CITIZENS COMMENTS No citizens came forward to speak DISCUSSION ITEMS 1. Discussion regarding the development of a Strategic Plan. Director Bradshaw provided an overview of an economic development strategic plan. CONSENT AGENDA 2. Consideration and possible action on 4A minutes from 10-3-2023. Motion to approve the consent agenda was made by Board Member McAlister, Seconded by Board Member Gann. Voting Yea: Board Member Kundrock, Board Member Hall, Board Member Allison. The motion passed unanimously. 4 Item 1. 4A Minutes 11-28-23 Page 2 of 2 FUTURE AGENDA ITEMS No items were discussed. ADJOURN Board Member Kundrock adjourned the meeting at 6:47 PM 5 Item 1. 4A INDUSTRIAL DEVELOPMENT BOARD COMMUNICATION DATE: February 6, 2024 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Discussion regarding the development of a Strategic Plan. SUMMARY:  Discussion on implementing an Economic Development Strategic Plan. FISCAL INFORMATION: Budgeted: NA Amount: Na GL Account: NA RECOMMENDED MOTION OR ACTION: ATTACHMENTS: NA 6 Item 2. 4A INDUSTRIAL DEVELOPMENT BOARD COMMUNICATION DATE: February 6, 2024 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Financial Reports. SUMMARY:  Financial Reports for the period ending December 31, 2023.  Revenues and expenditures reflect activity from October 1, 2022, through December 31, 2023.  Sales Tax Collections for December 31, 2023.. FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: NA ATTACHMENTS:  Monthly Financial Report – December 2023  Revenue Expense Report – December 2023  Sales Tax Report – December 2023 7 Item 3. 1-22-2024 02:08 PM CITY OF SANGER PAGE: 1 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: DECEMBER 31ST, 2023 41 -4A CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 25.00 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ REVENUE SUMMARY TAXES 875,000 62,316.99 218,861.23 0.00 656,138.77 25.01 MISCELLANEOUS INCOME 40,000 9,305.76 26,237.82 0.00 13,762.18 65.59 TRANSFERS 0 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES 915,000 71,622.75 245,099.05 0.00 669,900.95 26.79 EXPENDITURE SUMMARY 46-ECONOMIC DEVELOPMENT 174,625 8,761.45 22,684.08 ( 1,375.00) 153,315.92 12.20 74-TRANSFERS 15,000 0.00 0.00 0.00 15,000.00 0.00 ____________________________________________________________________________________________________________________________ TOTAL EXPENDITURES 189,625 8,761.45 22,684.08 ( 1,375.00) 168,315.92 11.24 REVENUE OVER/(UNDER) EXPENDITURES 725,375 62,861.30 222,414.97 1,375.00 501,585.03 30.85 8 Item 3. 1-22-2024 02:08 PM CITY OF SANGER PAGE: 2 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: DECEMBER 31ST, 2023 41 -4A CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 25.00 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD REVENUES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ TAXES 00-4325 STATE SALES TAX 875,000 62,316.99 218,861.23 0.00 656,138.77 25.01 TOTAL TAXES 875,000 62,316.99 218,861.23 0.00 656,138.77 25.01 MISCELLANEOUS INCOME 00-4446 GRANT REVENUE 0 0.00 0.00 0.00 0.00 0.00 00-4800 INTEREST INCOME 40,000 9,305.76 26,237.82 0.00 13,762.18 65.59 00-4910 MISC. INCOME - 4A 0 0.00 0.00 0.00 0.00 0.00 00-4940 DONATIONS 0 0.00 0.00 0.00 0.00 0.00 00-4945 SALE OF CAPITAL ASSETS 0 0.00 0.00 0.00 0.00 0.00 TOTAL MISCELLANEOUS INCOME 40,000 9,305.76 26,237.82 0.00 13,762.18 65.59 TRANSFERS 00-4980 TRANSFER FROM ENTERPRISE 0 0.00 0.00 0.00 0.00 0.00 00-4986 TRANSFER FROM 4B 0 0.00 0.00 0.00 0.00 0.00 TOTAL TRANSFERS 0 0.00 0.00 0.00 0.00 0.00 ____________________________________________________________________________________________________________________________ TOTAL REVENUE 915,000 71,622.75 245,099.05 0.00 669,900.95 26.79 ============ ============== ============== ============== ============== ======= 9 Item 3. 1-22-2024 02:08 PM CITY OF SANGER PAGE: 3 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: DECEMBER 31ST, 2023 41 -4A CORPORATION 46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 25.00 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ 51-SALARIES AND BENEFITS 46-5110 REGULAR SALARIES 44,335 5,066.73 11,823.67 0.00 32,511.33 26.67 46-5117 VACATION COMPENSATION 1,000 0.00 0.00 0.00 1,000.00 0.00 46-5125 LONGEVITY PAY 385 378.00 378.00 0.00 7.00 98.18 46-5128 AUTO ALLOWANCE 3,000 250.00 750.00 0.00 2,250.00 25.00 46-5129 CELL PHONE ALLOWANCE 300 25.01 75.03 0.00 224.97 25.01 46-5130 FICA 3,675 438.12 997.74 0.00 2,677.26 27.15 46-5140 RETIREMENT 6,215 746.80 1,700.72 0.00 4,514.28 27.36 46-5150 HEALTH INSURANCE 4,200 351.79 1,055.37 0.00 3,144.63 25.13 46-5160 WORKER'S COMPENSATION 235 15.89 130.10 0.00 104.90 55.36 46-5170 T W C 130 0.00 0.00 0.00 130.00 0.00 TOTAL 51-SALARIES AND BENEFITS 63,475 7,272.34 16,910.63 0.00 46,564.37 26.64 52-SUPPLIES AND MATERIALS 46-5210 OFFICE SUPPLIES 500 52.11 52.11 0.00 447.89 10.42 46-5213 COMPUTER HARDWARE 1,000 0.00 32.50 0.00 967.50 3.25 46-5214 COMPUTER SOFTWARE 3,500 0.00 0.00 0.00 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 50,000 1,375.00 1,500.00 ( 1,375.00) 49,875.00 0.25 46-5227 BUSIENSS RETENTION EXPAN 10,000 0.00 0.00 0.00 10,000.00 0.00 46-5235 DUES & SUBSCRIPTIONS 10,000 0.00 3,737.50 0.00 6,262.50 37.38 46-5240 CONFERENCES & TRAINING 10,000 0.00 265.34 0.00 9,734.66 2.65 46-5285 FURNITURE & FIXTURES 0 0.00 0.00 0.00 0.00 0.00 TOTAL 52-SUPPLIES AND MATERIALS 85,250 1,427.11 5,587.45 ( 1,375.00) 81,037.55 4.94 53-MAINTENANCE AND OPERAT 46-5310 R & M BUILDING 0 0.00 0.00 0.00 0.00 0.00 46-5332 OFFICE MACHINE LEASE 900 62.00 186.00 0.00 714.00 20.67 TOTAL 53-MAINTENANCE AND OPERAT 900 62.00 186.00 0.00 714.00 20.67 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 0.00 0.00 23,000.00 0.00 46-5450 TECHNICAL SUPPORT 1,000 0.00 0.00 0.00 1,000.00 0.00 46-5452 WEBSITE 0 0.00 0.00 0.00 0.00 0.00 TOTAL 54-CONTRACT SERVICES 25,000 0.00 0.00 0.00 25,000.00 0.00 56-GRANT EXPENSES 46-5610 GRANT EXPENSES 0 0.00 0.00 0.00 0.00 0.00 TOTAL 56-GRANT EXPENSES 0 0.00 0.00 0.00 0.00 0.00 10 Item 3. 1-22-2024 02:08 PM CITY OF SANGER PAGE: 4 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: DECEMBER 31ST, 2023 41 -4A CORPORATION 46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 25.00 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ 60-CAPITAL OUTLAY < $5K 46-6025 COMPUTER HARDWARE 0 0.00 0.00 0.00 0.00 0.00 46-6026 COMPUTER SOFTWARE 0 0.00 0.00 0.00 0.00 0.00 46-6040 FURNITURE & FIXTURES 0 0.00 0.00 0.00 0.00 0.00 TOTAL 60-CAPITAL OUTLAY < $5K 0 0.00 0.00 0.00 0.00 0.00 61-CAPITAL OUTLAY 46-6120 BUILDING IMPROVEMENTS 0 0.00 0.00 0.00 0.00 0.00 TOTAL 61-CAPITAL OUTLAY 0 0.00 0.00 0.00 0.00 0.00 71-DEPRECIATION 46-7100 DEPRECIATION EXPENSE 0 0.00 0.00 0.00 0.00 0.00 TOTAL 71-DEPRECIATION 0 0.00 0.00 0.00 0.00 0.00 70-DEBT PAYMENTS 46-7099 INTEREST EXPENSE 0 0.00 0.00 0.00 0.00 0.00 TOTAL 70-DEBT PAYMENTS 0 0.00 0.00 0.00 0.00 0.00 ____________________________________________________________________________________________________________________________ TOTAL 46-ECONOMIC DEVELOPMENT 174,625 8,761.45 22,684.08 ( 1,375.00) 153,315.92 12.20 11 Item 3. 1-22-2024 02:08 PM CITY OF SANGER PAGE: 5 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: DECEMBER 31ST, 2023 41 -4A CORPORATION 74-TRANSFERS % OF YEAR COMPLETED: 25.00 CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET ____________________________________________________________________________________________________________________________ 74-TRANSFERS 74-7401 TRANSFER TO GF 0 0.00 0.00 0.00 0.00 0.00 74-7404 TRANSFERS TO CIP 0 0.00 0.00 0.00 0.00 0.00 74-7408 TRANSFER TO ENTERPRISE F 0 0.00 0.00 0.00 0.00 0.00 74-7484 TRANSFER TO ENT CIP 0 0.00 0.00 0.00 0.00 0.00 74-7499 TRANSFER TO I S F 15,000 0.00 0.00 0.00 15,000.00 0.00 TOTAL 74-TRANSFERS 15,000 0.00 0.00 0.00 15,000.00 0.00 ____________________________________________________________________________________________________________________________ TOTAL 74-TRANSFERS 15,000 0.00 0.00 0.00 15,000.00 0.00 TOTAL EXPENDITURES 189,625 8,761.45 22,684.08 ( 1,375.00) 168,315.92 11.24 ============ ============== ============== ============== ============== ======= REVENUE OVER/(UNDER) EXPENDITURES 725,375 62,861.30 222,414.97 1,375.00 501,585.03 30.85 12 Item 3. 1-22-2024 02:00 PM CITY OF SANGER PAGE: 1 BALANCE SHEET AS OF: DECEMBER 31ST, 2023 41 -4A CORPORATION ACCOUNT # ACCOUNT DESCRIPTION BALANCE _____________________________________________________________________________________________ ASSETS ====== 41-00-1000 CLAIM ON CASH 2,693,401.87 41-00-1010 CKG-4A CASH (PROSP 90020693) 332,694.45 41-00-1012 MM-4A INV (PROSP 902551273) 2,024,807.59 41-00-1013 CD - #486639 97,472.06 41-00-1054 INTEREST RECEIVABLE 0.00 41-00-1055 AR CONTROL ACCOUNT 0.00 41-00-1060 DUE FROM GENERAL FUND 0.00 41-00-1074 BUILDING & IMPROVEMENTS 0.00 41-00-1076 MACHINERY & EQUIPMENT 40,950.36 41-00-1079 ACCUMULATED DEPRECIATION ( 558,075.78) 41-00-1105 AR CONTROL 0.00 41-00-1153 SALES TAX RECEIVABLE 84,045.01 4,715,295.56 TOTAL ASSETS 4,715,295.56 ============== LIABILITIES =========== 41-00-2000 ACCOUNTS PAYABLE CONTROL 2,565.89 41-00-2001 ACCOUNTS PAYABLE 0.00 41-00-2102 A/P-FIT WITHHOLDING 0.00 41-00-2103 A/P-FICA 0.00 41-00-2104 A/P-MEDICARE 0.00 41-00-2105 A/P-SALARIES & BENEFITS 0.00 41-00-2150 A/P - DENTAL INSURANCE 0.00 41-00-2160 A/P - HEALTH INSURANCE 0.00 41-00-2170 A/P - VISION INSURANCE 0.00 41-00-2183 A/P-TASC FLEX 0.00 41-00-2401 DUE TO GENERAL FUND 0.00 41-00-2403 ACCRUED WAGES PAYABLE 1,823.10 41-00-2404 ACCRUED FICA PAYABLE 0.00 41-00-2500 NOTE PAYABLE 0.00 41-00-2801 ACC COMPENSATED ABSENCES 0.00 41-00-2900 ENCUMBRANCE ( 1,359.81) 41-00-2910 RESERVE FOR ENCUMBRANCE 1,359.81 41-00-2950 DUE TO GENERAL FUND 9,335.71 TOTAL LIABILITIES 13,724.70 EQUITY ====== 41-00-3015 FUND BALANCE - RESTRICTED 4,479,155.89 TOTAL BEGINNING EQUITY 4,479,155.89 TOTAL REVENUE 245,099.05 TOTAL EXPENSES 22,684.08 TOTAL REVENUE OVER/(UNDER) EXPENSES 222,414.97 TOTAL EQUITY & REV. OVER/(UNDER) EXP. 4,701,570.86 TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 4,715,295.56 ============== 13 Item 3. Percent Budget Actual of Budget Revenue Sales Tax 875,000 218,861 25% Interest Income 40,000 26,238 66% Grants Total Revenue 915,000 245,099 27% Expenditures Salaries & Benefits 63,475 16,911 27% Supplies & Materials 85,250 5,587 7% Maintenance & Operations 900 186 21% Contract Services 25,000 - 0% Capital Outlay Debt Service Total Expenditures 174,625 22,684 13% Revenues Over Expenditures 740,375 222,415 Cash in Bank - First United 2,693,402 Cash in Bank - Prosperity 332,694 Money Market 2,024,808 Certificate of Deposit 97,472 Total Cash 5,148,376 December 31, 2023 Fund 4A Sanger Texas Industrial Development Corporation 14 Item 3. Economic Development Sales Tax Report Month 2019-2020 Total 2020-2021 Total 2021-2022 Total 2022-2023 Total 2023-2024 Total OCT 41,961 41,961 52,602 52,602 50,303 55,222 65,621 65,621 84,045 84,045 NOV 42,075 84,036 50,054 102,656 55,222 105,525 61,751 127,372 72,499 156,544 DEC 44,092 128,128 52,405 155,061 48,145 153,670 72,220 199,591 62,317 218,861 JAN 27,585 155,713 44,941 200,002 56,155 209,825 61,974 261,565 FEB 70,059 225,772 62,144 262,146 76,753 286,579 71,749 333,314 MAR 40,966 266,738 49,700 311,846 57,471 344,049 52,565 385,879 APR 35,736 302,474 48,180 360,026 44,446 388,495 54,627 440,506 MAY 41,692 344,166 63,691 423,717 64,395 452,890 67,275 507,780 JUN 50,482 394,647 47,099 470,816 65,968 518,858 60,186 567,966 JUL 49,189 443,837 50,290 521,106 56,987 575,845 61,729 629,695 AUG 47,386 491,222 62,523 583,629 68,209 644,054 62,807 692,502 SEP 42,073 553,295 52,474 636,104 51,911 695,965 63,730 756,232 ` TOTAL 533,295 533,295 636,104 636,104 695,965 695,965 756,232 756,232 218,861 BUDGET 385,000 148,295 462,500 173,604 600,000 95,965 800,000 (43,768)875,000 (875,000) Actual Actual %Actual Actual % 2023 2022 Change 2023 2022 Change $ 62,317 $ 72,220 -14%$ 218,861 $ 199,591 10% ` December Year To Date 533,295 636,104 695,965 756,232 218,861 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 SALES TAX REVENUE 2019-2023 15 Item 3. 4A INDUSTRIAL DEVELOPMENT BOARD COMMUNICATION DATE: February 6, 2024 FROM: Shani Bradshaw, Director of Economic Development AGENDA ITEM: Director’s Report. SUMMARY:  Business Growth  ICSC  DFW N. Central TX Industrial  Downtown Park Project  Board Updates  Important Dates and Events FISCAL INFORMATION: Budgeted: NA Amount: NA GL Account: NA RECOMMENDED MOTION OR ACTION: NA ATTACHMENTS: 16 Item 4.