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03/22/2022-4B-Agenda Packet-RegularBANGER *TEXAS AGENDA 4B ECONOMIC DEVELOPMENT BOARD TUESDAY, MARCH 22, 2022 6:00 PM HISTORIC CHURCH BUILDING - 403 NORTH 7TH STREET SANGER, TEXAS 1. Call Meeting to Order, Establish a Quorum (Roll Call), Invocation. 2. CITIZEN INPUT: (Citizens are allowed 3 minutes to speak. The 4B Economic Development Board is unable to respond or discuss any issues brought up during this section) 3. CONSENT AGENDA: a. Approval of Minutes 1. MINUTES FROM 01-25-2022 4. Consider Any Items Removed from Consent Agenda. REGULAR AGENDA 5. PORTER PARK RENOVATONS-PH Conduct a Public Hearing to consider renovations to Porter Park Softball Fields not to exceed $200,000 for the design and construction. 6. PORTER PARK RENOVATIONS Consider renovations to Porter Park Softball Fields not to exceed $200,000 for the design and construction. 7. INFORMATION ITEMS: a. FINANCIAL REPORTS b. DIRECTOR'S REPORT 8. FUTURE AGENDA ITEMS: (The purpose of this item is to allow the Mayor and members of the Board 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 Mayor). 9. ADJOURN. I, the undersigned authority, do hereby certify that this Notice of Meeting was posted on the City Website, and on the bulletin board, at the City Hall of the City of Sanger, Texas, a place convenient and readily accessible to the general public at all times. Said notice was posted on the following date and time, and remained posted continuously for at least 72 hours prior to the scheduled time of said meeting and shall remain posted until meeting is adjourned. Kelly Edwards, City Secretary City of Sanger, Texas �\\��dlVEluluen� r r TEXAS r�r rrr''��%IIIIEI IIPI\\\ March 18, 2022 9:30 a.m. Date/Time Posted This facility is wheelchair accessible and accessible parking spaces are available. Requests for additional 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. AGENDA 4B ECONOMIC DEVELOPMENT BOARD TUESDAY, MARCH 22, 2022 6:00 PM HISTORIC CHURCH BUILDING ­ 403 NORTH 7TH STREET SANGER, TEXAS 1.Call Meeting to Order, Establish a Quorum (Roll Call), Invocation. 2.CITIZEN INPUT: (Citizens are allowed 3 minutes to speak. The 4B Economic Development Board is unable to respond or discuss any issues brought up during this section.) 3.CONSENT AGENDA: a.Approval of Minutes 1.MINUTES FROM 01­25­2022 4.Consider Any Items Removed from Consent Agenda. REGULAR AGENDA 5.PORTER PARK RENOVATONS­PH Conduct a Public Hearing to consider renovations to Porter Park Softball Fields not to exceed $200,000 for the design and construction. 6.PORTER PARK RENOVATIONS Consider renovations to Porter Park Softball Fields not to exceed $200,000 for the design and construction. 7.INFORMATION ITEMS: a.FINANCIAL REPORTS b.DIRECTOR'S REPORT 8.FUTURE AGENDA ITEMS: (The purpose of this item is to allow the Mayor and members of the Board 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 Page 1 AGENDA4B ECONOMIC DEVELOPMENT BOARDTUESDAY, MARCH 22, 20226:00 PMHISTORIC CHURCH BUILDING ­ 403 NORTH 7TH STREETSANGER, TEXAS1.Call Meeting to Order, Establish a Quorum (Roll Call), Invocation.2.CITIZEN INPUT:(Citizens are allowed 3 minutes to speak. The 4B Economic Development Board is unable to respond ordiscuss any issues brought up during this section.)3.CONSENT AGENDA:a.Approval of Minutes1.MINUTES FROM 01­25­20224.Consider Any Items Removed from Consent Agenda.REGULAR AGENDA5.PORTER PARK RENOVATONS­PHConduct a Public Hearing to consider renovations to Porter Park Softball Fields not to exceed$200,000 for the design and construction.6.PORTER PARK RENOVATIONSConsider renovations to Porter Park Softball Fields not to exceed $200,000 for the design andconstruction.7.INFORMATION ITEMS:a.FINANCIAL REPORTSb.DIRECTOR'S REPORT8.FUTURE AGENDA ITEMS:(The purpose of this item is to allow the Mayor and members of the Board to bring forward items theywish to discuss at a future meeting, A Board Member may inquire about a subject for which notice hasnot 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 Mayor). 9.ADJOURN. I, the undersigned authority, do hereby certify that this Notice of Meeting was posted on the City Website, and on the bulletin board, at the City Hall of the City of Sanger, Texas, a place convenient and readily accessible to the general public at all times. Said notice was posted on the following date and time, and remained posted continuously for at least 72 hours prior to the scheduled time of said meeting and shall remain posted until meeting is adjourned. Kelly Edwards, City Secretary City of Sanger, Texas Date/Time Posted This facility is wheelchair accessible and accessible parking spaces are available. Requests for additional accommodations or interpretive services must be made 48 hours prior to this meeting. Please contact the City Secretary's office at (940) 458­7930 for further information. Page 2 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. A.1. AGENDA MEETING DATE: March 22, 2022 TO: Shani Bradshaw, 4B FROM: Shani Bradshaw, Director of Economic Development ITEM/CAPTION: MINUTES FROM 01­25­2022 AGENDA TYPE: Consent Agenda ACTION REQUESTED:  Approval  BACKGROUND: LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK: NA FINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT: NA FUNDS: NA STAFF RECOMMENDATION/ACTION DESIRED: Approve the 01­25­2022 Minutes. ATTACHMENTS: Description Upload Date Type Minutes 01­25­22 3/17/2022 Cover Memo Page 3 MINUTES 4B ECONOMIC DEVELOPMENT BOARD TUESDAY, JANUARY 25, 2022 6:00 PM HISTORIC CHURCH BUILDING ­ 403 NORTH 7TH STREET SANGER, TEXAS BOARD MEMBERS PRESENT: Jeff Springer, Eddie Piercy, Carrie Bilyeu, Stephanie Wood, John Payne BOARD MEMBERS ABSENT: STAFF MEMBERS PRESENT: Economic Development Director Shani Bradshaw, Stefani Dodson 1.Call Meeting to Order, Establish a Quorum (Roll Call), Invocation. John Payne called the meeting to order at 6:00 p.m. 2.CITIZEN INPUT: No citizens came forward to speak. 3.CONSENT AGENDA: Carrie Bilyeu makes a motion to accept the consent agenda as presented.  Eddie Piercy seconded the motion.  Motion passes with a 5­0 vote. a.Approval of Minutes 1.MINUTES FROM NOVEMBER 23, 2021 4.Consider Any Items Removed from Consent Agenda. No items were discussed. REGULAR AGENDA 5.INFORMATION ITEMS: a.DIRECTOR'S REPORT Economic Development Director Shani Bradshaw goes over the Directors report with the board.  Page 4 MINUTES4B ECONOMIC DEVELOPMENT BOARDTUESDAY, JANUARY 25, 20226:00 PMHISTORIC CHURCH BUILDING ­ 403 NORTH 7TH STREETSANGER, TEXASBOARD MEMBERS PRESENT:Jeff Springer, Eddie Piercy, Carrie Bilyeu, Stephanie Wood, John PayneBOARD MEMBERS ABSENT:STAFF MEMBERS PRESENT:Economic Development Director Shani Bradshaw, Stefani Dodson1.Call Meeting to Order, Establish a Quorum (Roll Call), Invocation.John Payne called the meeting to order at 6:00 p.m.2.CITIZEN INPUT:No citizens came forward to speak.3.CONSENT AGENDA:Carrie Bilyeu makes a motion to accept the consent agenda as presented.  Eddie Piercy secondedthe motion.  Motion passes with a 5­0 vote.a.Approval of Minutes1.MINUTES FROM NOVEMBER 23, 20214.Consider Any Items Removed from Consent Agenda.No items were discussed.REGULAR AGENDA5.INFORMATION ITEMS:a.DIRECTOR'S REPORT Economic Development Director Shani Bradshaw goes over the Directors report with the board.  She explains that Lane Ranch is talking with the City to start back up.  This is looking to be 900 new Homes. Sanger Circle phase 6 is going to be about 182 new homes.  Stephen Towne Crossing is going to be around 1900 new homes. Pepper Belly BBQ celebrated the 8 year anniversary. Tart and Treat moved into K's Gourmet to provide treats. b.FINANCIAL REPORTS Economic Development Director Shani Bradshaw goes over the Financial report with the board.  6.FUTURE AGENDA ITEMS: No items were discussed. 7.ADJOURN. As there is not further items on the agenda John Payne adjourns the meeting at 6:34 p.m. Page 5 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. 5. AGENDA MEETING DATE: March 22, 2022 TO: Shani Bradshaw, 4B FROM: Shani Bradshaw, Director of Economic Development ITEM/CAPTION: PORTER PARK RENOVATONS­PH Conduct a Public Hearing to consider renovations to Porter Park Softball Fields not to exceed $200,000 for the design and construction. AGENDA TYPE: Public Hearing ACTION REQUESTED:   BACKGROUND: On August 10, 2021, the 4B Board met to discuss renovations to Porter Park and expressed the desire to initiate the design and construction on the Porter Park softball fields. The renovations will include moving the current location of home plate to the correct distance from the backstop and moving all the fields in conjunction with the move, including infield dirt, outfield grass, irrigation, fences, and foul poles. Other improvements include new scoreboards on each field. Following the Public Hearing the 4B Board will consider renovations to Porter Park Softball Fields not to exceed $200,000 for the design and construction. LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK: NA FINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT: NA FUNDS: NA Page 6 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMOAGENDA ITEM NO. 5.AGENDA MEETING DATE: March 22, 2022TO: Shani Bradshaw, 4BFROM: Shani Bradshaw, Director of Economic DevelopmentITEM/CAPTION:PORTER PARK RENOVATONS­PHConduct a Public Hearing to consider renovations to Porter Park Softball Fields not to exceed $200,000 for the designand construction.AGENDA TYPE: Public HearingACTION REQUESTED:  BACKGROUND:On August 10, 2021, the 4B Board met to discuss renovations to Porter Park and expressed the desire to initiate thedesign and construction on the Porter Park softball fields. The renovations will include moving the current location ofhome plate to the correct distance from the backstop and moving all the fields in conjunction with the move, includinginfield dirt, outfield grass, irrigation, fences, and foul poles. Other improvements include new scoreboards on each field.Following the Public Hearing the 4B Board will consider renovations to Porter Park Softball Fields not to exceed$200,000 for the design and construction.LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:NAFINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT:NAFUNDS:NA STAFF RECOMMENDATION/ACTION DESIRED: NA Page 7 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. 6. AGENDA MEETING DATE: March 22, 2022 TO: Shani Bradshaw, 4B FROM: Shani Bradshaw, Director of Economic Development ITEM/CAPTION: PORTER PARK RENOVATIONS Consider renovations to Porter Park Softball Fields not to exceed $200,000 for the design and construction. AGENDA TYPE: Regular ACTION REQUESTED:  Approval  BACKGROUND: On August 10, 2021, the 4B Board met to discuss renovations to Porter Park and expressed the desire to initiate the design and construction on the Porter Park softball fields. The renovations will include moving the current location of home plate to the correct distance from the backstop and moving all the fields in conjunction with the move, including infield dirt, outfield grass, irrigation, fences, and foul poles. Other improvements include new scoreboards on each field. It has also been expressed by the 4B Board that total cost of this project should not exceed $200,000. LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK: NA FINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT: NA FUNDS: NA STAFF RECOMMENDATION/ACTION DESIRED: Staff recommends approval. Page 8 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. 7.A. AGENDA MEETING DATE: March 22, 2022 TO: Shani Bradshaw, 4B FROM: Shani Bradshaw, Director of Economic Development ITEM/CAPTION: FINANCIAL REPORTS AGENDA TYPE: Regular ACTION REQUESTED:   BACKGROUND: Staff will provide financial reports for February 2022. LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK: NA FINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT: NA FUNDS: NA STAFF RECOMMENDATION/ACTION DESIRED: NA ATTACHMENTS: Description Upload Date Type Sales Tax Report ­ 01.31.2022 3/17/2022 Cover Memo Revenue & Expense Report ­ January 31, 2022 3/17/2022 Cover Memo Balance Sheet ­ January 31, 2022 3/17/2022 Cover Memo Page 9 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMOAGENDA ITEM NO. 7.A.AGENDA MEETING DATE: March 22, 2022TO: Shani Bradshaw, 4BFROM: Shani Bradshaw, Director of Economic DevelopmentITEM/CAPTION:FINANCIAL REPORTSAGENDA TYPE: RegularACTION REQUESTED:  BACKGROUND:Staff will provide financial reports for February 2022.LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:NAFINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT:NAFUNDS:NASTAFF RECOMMENDATION/ACTION DESIRED:NAATTACHMENTS:Description Upload Date TypeSales Tax Report ­ 01.31.2022 3/17/2022 Cover Memo Revenue & Expense Report ­ January 31, 2022 3/17/2022 Cover Memo Balance Sheet ­ January 31, 2022 3/17/2022 Cover Memo Financial Report ­ January 31, 2022 3/17/2022 Cover Memo Page 10 Month Total 2015-2016 Total 2016-2017 Total 2017-2018 Total 2018-2019 Total 2019-2020 Total 2020-2021 Total 2021-2022 Total OCT 26,843 29,528 29,528 33,532 33,532 36,117 36,117 35,425 35,425 41,961 41,961 52,602 52,602 50,303 50,303 NOV 58,740 36,744 66,272 36,725 70,257 38,951 75,068 36,853 72,278 42,075 84,036 50,054 102,656 55,222 105,525 DEC 87,526 30,055 96,327 37,133 107,390 32,669 107,737 36,420 108,698 44,092 128,128 52,405 155,061 48,145 153,670 JAN 129,336 28,916 125,243 32,386 139,776 34,264 142,001 33,403 142,102 27,585 155,713 44,941 200,002 56,155 209,825 FEB 168,245 35,203 160,446 42,385 182,161 48,966 190,967 36,966 179,068 70,059 225,772 62,144 262,146 MAR 198,086 30,091 190,537 34,273 216,434 32,712 223,679 32,428 211,496 40,966 266,738 49,700 311,846 APR 227,415 31,321 221,858 29,088 245,522 28,440 252,119 32,984 244,481 35,736 302,474 48,180 360,026 MAY 261,056 34,401 256,259 42,345 287,867 39,427 291,546 43,134 287,615 41,692 344,166 63,691 423,717 JUN 290,086 32,746 289,005 30,853 318,720 31,811 323,357 36,456 324,071 50,482 394,647 47,099 470,816 JUL 317,886 32,803 321,808 35,710 354,430 34,802 358,159 36,977 361,048 49,189 443,837 50,290 521,106 AUG 353,373 37,628 359,436 42,725 397,155 39,661 397,820 42,598 403,646 47,386 491,222 62,523 583,629 SEP 386,739 31,646 391,082 38,361 435,516 38,280 436,100 38,860 442,506 42,073 553,295 52,474 636,104 TOTAL 386,739 391,082 391,082 435,516 435,516 436,100 436,100 442,506 442,506 533,295 533,295 636,104 636,104 209,825 BUDGET 66,739 362,500 28,582 362,500 73,016 385,000 51,100 385,000 57,506 385,000 148,295 462,500 173,604 600,000 (600,000) Actual Actual %Actual Actual % 2020-2021 2021-2022 Change 2020-2021 2021-2022 Change 44,941 56,155 25%200,002 209,825 5% Year to Date 4A & 4B SALES TAX REVENUE REPORT January 391,082 435,516 436,100 442,506 533,295 636,104 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 TOTAL REVENUE 2015-2021 Page 11 2-15-2022 11:55 AM CITY OF SANGER PAGE: 1 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: JANUARY 31ST, 2022 42 -4B CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 33.33 CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET ___________________________________________________________________________________________________________________________________ REVENUE SUMMARY TAXES 600,000.00 56,154.92 0.00 209,825.27 0.00 390,174.73 34.97 INTEREST 10,000.00 2,875.24 0.00 11,020.04 0.00 ( 1,020.04 110.20 TOTAL REVENUES 610,000.00 59,030.16 0.00 220,845.31 0.00 389,154.69 36.20 EXPENDITURE SUMMARY 74-TRANSFERS 212,500.00 0.00 0.00 0.00 0.00 212,500.00 0.00 76-4B FUND 352,875.00 11,100.83 0.00 33,068.47 6,080.00 313,726.53 11.09 ___________________________________________________________________________________________________________________________________ TOTAL EXPENDITURES 565,375.00 11,100.83 0.00 33,068.47 6,080.00 526,226.53 6.92 REVENUE OVER/(UNDER) EXPENDITURES 44,625.00 47,929.33 0.00 187,776.84 ( 6,080.00)( 137,071.84 407.16 Page 12 2-15-2022 11:55 AM CITY OF SANGER PAGE: 2 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: JANUARY 31ST, 2022 42 -4B CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 33.33 CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF REVENUES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET ___________________________________________________________________________________________________________________________________ TAXES 00-4325 STATE SALES TAX 600,000.00 56,154.92 0.00 209,825.27 0.00 390,174.73 34.97 TOTAL TAXES 600,000.00 56,154.92 0.00 209,825.27 0.00 390,174.73 34.97 INTEREST 00-4800 INTEREST INCOME 10,000.00 2,875.24 0.00 11,020.04 0.00 ( 1,020.04 110.20 TOTAL INTEREST 10,000.00 2,875.24 0.00 11,020.04 0.00 ( 1,020.04 110.20 ___________________________________________________________________________________________________________________________________ TOTAL REVENUES 610,000.00 59,030.16 0.00 220,845.31 0.00 389,154.69 36.20 ============== ============ ============ ============= ============ ============ ====== Page 13 2-15-2022 11:55 AM CITY OF SANGER PAGE: 3 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: JANUARY 31ST, 2022 42 -4B CORPORATION 74-TRANSFERS % OF YEAR COMPLETED: 33.33 CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF DEPARTMENTAL EXPENDITURES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET ___________________________________________________________________________________________________________________________________ 74-TRANSFERS 74-7401 TRANSFER TO GF 0.00 0.00 0.00 0.00 0.00 0.00 0.00 74-7403 TRANSFER TO DSF 212,500.00 0.00 0.00 0.00 0.00 212,500.00 0.00 74-7404 Transfer to CIP Fund 0.00 0.00 0.00 0.00 0.00 0.00 0.00 74-7441 TRANSFER TO 4A (ADMIN) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 74-TRANSFERS 212,500.00 0.00 0.00 0.00 0.00 212,500.00 0.00 ___________________________________________________________________________________________________________________________________ TOTAL 74-TRANSFERS 212,500.00 0.00 0.00 0.00 0.00 212,500.00 0.00 Page 14 2-15-2022 11:55 AM CITY OF SANGER PAGE: 4 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: JANUARY 31ST, 2022 42 -4B CORPORATION 76-4B FUND % OF YEAR COMPLETED: 33.33 CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF DEPARTMENTAL EXPENDITURES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET ___________________________________________________________________________________________________________________________________ 51-SALARIES AND BENEFITS 76-5110 REGULAR SALARIES 41,400.00 3,152.10 0.00 14,184.45 0.00 27,215.55 34.26 76-5117 VACATION COMPENSATION 0.00 0.00 0.00 0.00 0.00 0.00 0.00 76-5125 LONGEVITY PAY 100.00 0.00 0.00 78.00 0.00 22.00 78.00 76-5128 AUTO ALLOWANCE 3,000.00 0.00 0.00 0.00 0.00 3,000.00 0.00 76-5129 CELL PHONE ALLOWANCE 300.00 0.00 0.00 0.00 0.00 300.00 0.00 76-5130 FICA 3,450.00 250.81 0.00 1,159.17 0.00 2,290.83 33.60 76-5140 RETIREMENT 3,900.00 294.29 0.00 1,327.37 0.00 2,572.63 34.04 76-5150 HEALTH INSURANCE 4,200.00 348.63 0.00 1,394.52 0.00 2,805.48 33.20 76-5160 WORKER'S COMPENSATION 250.00 0.00 0.00 0.00 0.00 250.00 0.00 76-5170 T W C 100.00 0.00 0.00 0.00 0.00 100.00 0.00 TOTAL 51-SALARIES AND BENEFITS 56,700.00 4,045.83 0.00 18,143.51 0.00 38,556.49 32.00 52-SUPPLIES AND MATERIALS 76-5210 OFFICE SUPPLIES 500.00 0.00 0.00 99.62 0.00 400.38 19.92 76-5215 FOOD 200.00 0.00 0.00 0.00 0.00 200.00 0.00 76-5220 POSTAGE 50.00 0.00 0.00 0.00 0.00 50.00 0.00 76-5226 MARKETING & PROMOTION 15,000.00 300.00 0.00 2,782.33 0.00 12,217.67 18.55 76-5235 DUES & SUBSCRIPTIONS 600.00 0.00 0.00 0.00 0.00 600.00 0.00 76-5240 CONFERENCES & TRAINING 800.00 675.00 0.00 867.50 0.00 ( 67.50 108.44 76-5280 COMPUTER SUPPLIES 250.00 0.00 0.00 0.00 0.00 250.00 0.00 TOTAL 52-SUPPLIES AND MATERIALS 17,400.00 975.00 0.00 3,749.45 0.00 13,650.55 21.55 53-MAINTENANCE AND OPERAT 76-5332 OFFICE MACHINE LEASE 600.00 0.00 0.00 95.51 0.00 504.49 15.92 TOTAL 53-MAINTENANCE AND OPERAT 600.00 0.00 0.00 95.51 0.00 504.49 15.92 54-CONTRACT SERVICES 76-5420 CONTRACTUAL SERVICES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 76-5425 LEGAL EXPENSE 1,000.00 0.00 0.00 0.00 0.00 1,000.00 0.00 76-5430 PROFESSIONAL SERVICE 10,000.00 0.00 0.00 0.00 0.00 10,000.00 0.00 76-5450 TECHNICAL SUPPORT 1,000.00 0.00 0.00 0.00 0.00 1,000.00 0.00 76-5451 ANNUAL SOFTWARE SUPPORT 3,375.00 0.00 0.00 0.00 0.00 3,375.00 0.00 76-5452 WEBSITE 12,800.00 6,080.00 0.00 6,080.00 6,080.00 640.00 95.00 76-5455 COMPREHENSIVE PLAN UPDATE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 76-5499 OTHER EXPENSE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 54-CONTRACT SERVICES 28,175.00 6,080.00 0.00 6,080.00 6,080.00 16,015.00 43.16 56-GRANT EXPENSES 76-5601 PROMO/COMMUNITY EVENT GRANTS 25,000.00 0.00 0.00 0.00 0.00 25,000.00 0.00 76-5602 BUSINESS RELIEF PROGRAM 0.00 0.00 0.00 0.00 0.00 0.00 0.00 76-5603 PROPERTY ENHANCEMENTS INCENTIV 25,000.00 0.00 0.00 5,000.00 0.00 20,000.00 20.00 TOTAL 56-GRANT EXPENSES 50,000.00 0.00 0.00 5,000.00 0.00 45,000.00 10.00 Page 15 2-15-2022 11:55 AM CITY OF SANGER PAGE: 5 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: JANUARY 31ST, 2022 42 -4B CORPORATION 76-4B FUND % OF YEAR COMPLETED: 33.33 CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF DEPARTMENTAL EXPENDITURES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET ___________________________________________________________________________________________________________________________________ 61-CAPITAL OUTLAY 76-6111 LAND PURCHASE - SPORTS COMPLEX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 76-6112 LAND PURCHASE - MILAR 0.00 0.00 0.00 0.00 0.00 0.00 0.00 76-6113 HIKE AND BIKE TRAIL 0.00 0.00 0.00 0.00 0.00 0.00 0.00 76-6114 CONSTRUCTION HIKE & BIKE TRAIL 0.00 0.00 0.00 0.00 0.00 0.00 0.00 76-6115 SPECIAL PROJECTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 76-6116 PORTER PARK UPDATES 200,000.00 0.00 0.00 0.00 0.00 200,000.00 0.00 TOTAL 61-CAPITAL OUTLAY 200,000.00 0.00 0.00 0.00 0.00 200,000.00 0.00 65-CAPITAL PROJECTS 76-6500 PROJECT - STREETSCAPE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 65-CAPITAL PROJECTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 70-DEBT PAYMENTS 76-7080 BOND FEES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 70-DEBT PAYMENTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 74-TRANSFERS 76-7401 TRANFERS TO GENERAL FUND 0.00 0.00 0.00 0.00 0.00 0.00 0.00 76-7402 TRANSFERS TO DSF 0.00 0.00 0.00 0.00 0.00 0.00 0.00 76-7404 TRANSFERS TO CIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL 74-TRANSFERS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ___________________________________________________________________________________________________________________________________ TOTAL 76-4B FUND 352,875.00 11,100.83 0.00 33,068.47 6,080.00 313,726.53 11.09 TOTAL EXPENDITURES 565,375.00 11,100.83 0.00 33,068.47 6,080.00 526,226.53 6.92 ============== ============ ============ ============= ============ ============ ====== ** REVENUE OVER(UNDER) EXPENDITURES ** 44,625.00 47,929.33 0.00 187,776.84 ( 6,080.00)( 137,071.84 407.16 Page 16 2-15-2022 11:47 AM CITY OF SANGER PAGE: 1 BALANCE SHEET AS OF: JANUARY 31ST, 2022 42 -4B CORPORATION ACCOUNT # ACCOUNT DESCRIPTION BALANCE _____________________________________________________________________________________________ ASSETS ====== 42-00-1000 CLAIM ON CASH 1,594,172.13 42-00-1010 CKG - 4B CASH (2379694) 198,865.73 42-00-1013 CD - 4B #653500 22,138.32 42-00-1014 CD - 4B #659924 21,894.39 42-00-1015 CD - 4B #664243 21,990.16 42-00-1016 CD - 4B #673277 21,943.44 42-00-1017 CD - 4B #686115 21,962.46 42-00-1018 CD - 4B #689521 21,882.89 42-00-1019 CD - 4B #694371 21,967.73 42-00-1020 CD - 4B #697230 22,093.83 42-00-1021 CD - 4B #699934 22,016.89 42-00-1022 CD - 4B #702285 21,827.93 42-00-1023 CD - 4B #706078 21,738.44 42-00-1024 CD - 4B #720097 21,420.42 42-00-1025 CD - 4B #720119 21,455.63 42-00-1153 SALES TAX RECEIVABLE 101,507.68 2,178,878.07 TOTAL ASSETS 2,178,878.07 ============== LIABILITIES =========== 42-00-2000 ACCOUNTS PAYABLE CONTROL 1,473.66 42-00-2403 ACCRUED WAGES PAYABLE 1,340.72 42-00-2900 ENCUMBRANCE ( 6,405.00) 42-00-2910 RESERVE FOR ENCUMBRANCE 6,405.00 42-00-2950 DUE TO GENERAL FUND 67,407.55 TOTAL LIABILITIES 70,221.93 EQUITY ====== 42-00-3015 FUND BALANCE - RESTRICTED 1,920,879.30 TOTAL BEGINNING EQUITY 1,920,879.30 TOTAL REVENUE 220,845.31 TOTAL EXPENSES 33,068.47 TOTAL REVENUE OVER/(UNDER) EXPENSES 187,776.84 TOTAL EQUITY & REV. OVER/(UNDER) EXP. 2,108,656.14 TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 2,178,878.07 ============== Page 17 Percent Budget Actual of Budget Revenue Sales Tax 600,000 209,825 35% Interest Income 10,000 #11,020 110% Total Revenue 610,000 220,845 36% Expenditures Salaries and Benefits 56,700 18,144 32% Transfer to Debt Service Fund 212,500 0% Supplies and Matterials 17,400 3,749 22% Maintenance and Operation 600 96 16% Contract Services 28,175 6,080 22% Grant Expenses 50,000 5,000 10% Total Expenditures 365,375 33,068 9% Revenues Over Expenditures 244,625 187,777 Cash in Bank - Checking 198,866 Certificate of Deposit 284,333 Claim on Cash 1,594,172 Total Cash 2,077,370 January 31, 2022 Fund 4B Sanger Texas Development Corporation Page 18 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. 7.B. AGENDA MEETING DATE: March 22, 2022 TO: Shani Bradshaw, 4B FROM: Shani Bradshaw, Director of Economic Development ITEM/CAPTION: DIRECTOR'S REPORT AGENDA TYPE: Regular ACTION REQUESTED:   BACKGROUND: Staff will provide an update on Porter Park Project and Economic Development Activity.  LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK: FINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT: NA FUNDS: NA STAFF RECOMMENDATION/ACTION DESIRED: NA Page 19