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11/23/2021-4B-Agenda Packet-RegularAGENDA 4B ECONOMIC DEVELOPMENT BOARD TUESDAY, NOVEMBER 23, 2021 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 10­26­2021. 4.Consider Any Items Removed from Consent Agenda. REGULAR AGENDA 5.ELECTION OF OFFICERS Consider electing officers for the Sanger Texas Development Corporation Board of Directors. 6.INFORMATION ITEMS: a.FINANCIAL REPORTS b.DIRECTOR'S REPORT 7.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). 8.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 Page 1 AGENDA4B ECONOMIC DEVELOPMENT BOARDTUESDAY, NOVEMBER 23, 20216:00 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 10­26­2021.4.Consider Any Items Removed from Consent Agenda.REGULAR AGENDA5.ELECTION OF OFFICERSConsider electing officers for the Sanger Texas Development Corporation Board of Directors.6.INFORMATION ITEMS:a.FINANCIAL REPORTSb.DIRECTOR'S REPORT7.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 begiven. Any deliberation shall be limited to a proposal to place the subject on an agenda for asubsequent meeting. Items may be placed on a future meeting agenda with a consensus of the Board orat the call of the Mayor).8.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. November 17, 2021 3:00 p.m. 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: November 23, 2021 TO: Shani Bradshaw, 4B FROM: Shani Bradshaw, Director of Economic Development ITEM/CAPTION: MINUTES FROM 10­26­2021. AGENDA TYPE: Consent Agenda ACTION REQUESTED:  Approval  BACKGROUND: LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK: FINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT: FUNDS: STAFF RECOMMENDATION/ACTION DESIRED: Approve minutes.  ATTACHMENTS: Description Upload Date Type Minutes ­ 10.26.2021 11/17/2021 Cover Memo Page 3 MINUTES 4B ECONOMIC DEVELOPMENT BOARD TUESDAY, OCTOBER 26, 2021 6:00 PM HISTORIC CHURCH BUILDING ­ 403 NORTH 7TH STREET SANGER, TEXAS BOARD MEMBERS PRESENT: Beverly Howard, Stephanie Wood, Carrie Bilyeu, Jeff Springer BOARD MEMBERS ABSENT: John Payne, William Lascor, Eddie Piercy STAFF MEMBERS PRESENT: Economic Development Director Shani Bradshaw, Stefani Dodson 1.Call Meeting to Order, Establish a Quorum, Invocation, Pledge Jeff Springer called the meeting to order at 6:03 p.m. 2.CITIZEN INPUT: No citizens came forward to speak. 3.CONSENT AGENDA: A motion to approve the consent agenda as presented was made by Carry Bilyeu.  The motion was seconded by Beverly Howard.  Motion passes unanimously with a 4­0 Vote. a.Approval of Minutes 1.APPROVAL OF MINUTES FROM 08­10­2021. 4.Consider Any Items Removed from Consent Agenda. No items were removed from the consent agenda. REGULAR AGENDA 5.ELECTION OF OFFICERS Consider electing officers for the Sanger Texas Development Corporation Board of Directors.  A motion to table this item until more board members are present was made by Carry Bilyeu.  Page 4 MINUTES4B ECONOMIC DEVELOPMENT BOARDTUESDAY, OCTOBER 26, 20216:00 PMHISTORIC CHURCH BUILDING ­ 403 NORTH 7TH STREETSANGER, TEXASBOARD MEMBERS PRESENT:Beverly Howard, Stephanie Wood, Carrie Bilyeu, Jeff SpringerBOARD MEMBERS ABSENT:John Payne, William Lascor, Eddie PiercySTAFF MEMBERS PRESENT:Economic Development Director Shani Bradshaw, Stefani Dodson1.Call Meeting to Order, Establish a Quorum, Invocation, PledgeJeff Springer called the meeting to order at 6:03 p.m.2.CITIZEN INPUT:No citizens came forward to speak.3.CONSENT AGENDA:A motion to approve the consent agenda as presented was made by Carry Bilyeu.  The motion wasseconded by Beverly Howard.  Motion passes unanimously with a 4­0 Vote.a.Approval of Minutes1.APPROVAL OF MINUTES FROM 08­10­2021.4.Consider Any Items Removed from Consent Agenda.No items were removed from the consent agenda.REGULAR AGENDA5.ELECTION OF OFFICERSConsider electing officers for the Sanger Texas Development Corporation Board of Directors.  A motion to table this item until more board members are present was made by Carry Bilyeu.  Motion  was seconded by Beverly Howard.  Motion passes unanimously with a 4­0 vote. 6.ECONOMIC DEVELOPMENT INCENTIVE POLICY Consider an Economic Development Incentive Policy for the City of Sanger.  Economic Development Director Shani Bradshaw gives a brief update.  She explains that this also went in front of the 4A board and they did not see any problems with the policy.  She also stated that the policy has gone to legal and city management. A motion to approve was made by Carry Bilyeu.  Motion was seconded by Beverly Howard.  Motion passes unanimously with a4­0 vote. 7.REQUEST FOR QUALIFICATIONS (RFQ) FOR PORTER PARK RENOVATIONS Consider a Request for Qualifications (RFQ) for professional design services for renovations to Porter Porter Park Softball Fields. Economic Development Director Shani Bradshaw gives a brief update.  She explains to the board this is the RFQ for fixing the ball fields at Porter Park.   Board has a brief discussion. Motion to approve the RFQ was made by Beverly Howard.  Motion was seconded by Carry Bilyeu.  Motion passes unanimously with a 4­0 vote. 8.INFORMATION ITEMS: Economic Development Director Shani Bradshaw gives a brief update on the financial report.   a.FINANCIAL REPORTS b.DIRECTOR'S REPORT 9.FUTURE AGENDA ITEMS: No future items were discussed. 10.ADJOURN. With no further items to discuss Jeff Springer adjourned the meeting at 6:46 p.m. Page 5 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. 5. AGENDA MEETING DATE: November 23, 2021 TO: Shani Bradshaw, 4B FROM: Shani Bradshaw, Director of Economic Development ITEM/CAPTION: ELECTION OF OFFICERS Consider electing officers for the Sanger Texas Development Corporation Board of Directors. AGENDA TYPE: Regular ACTION REQUESTED:  Approval  BACKGROUND: The President and Vice President of the Type B Corporation are elected by the Board and shall serve terms of one (1) year. There are no limitations on the number of consecutive years that a person may serve in the same office. LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK: NA FINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT: NA FUNDS: NA STAFF RECOMMENDATION/ACTION DESIRED: Appoint a President and Vice President. Page 6 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. 6.A. AGENDA MEETING DATE: November 23, 2021 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 October 2021. 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 Revenue Expense Report ­October 31, 2021 11/17/2021 Cover Memo Financial Report ­ October 31, 2021 11/17/2021 Cover Memo Month End Finance Report­October 2021 11/17/2021 Cover Memo Page 7 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMOAGENDA ITEM NO. 6.A.AGENDA MEETING DATE: November 23, 2021TO: Shani Bradshaw, 4BFROM: Shani Bradshaw, Director of Economic DevelopmentITEM/CAPTION:FINANCIAL REPORTSAGENDA TYPE: RegularACTION REQUESTED:  BACKGROUND:Staff will provide financial reports for October 2021.LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:NAFINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT:NAFUNDS:NASTAFF RECOMMENDATION/ACTION DESIRED:NAATTACHMENTS:Description Upload Date TypeRevenue Expense Report ­October 31, 2021 11/17/2021 Cover Memo Financial Report ­ October 31, 2021 11/17/2021 Cover Memo Month End Finance Report­October 2021 11/17/2021 Cover Memo 4B Monthly Sales Tax_October 2021 11/17/2021 Cover Memo Page 8 11-16-2021 03:59 PM CITY OF SANGER PAGE: 1 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: OCTOBER 31ST, 2021 41 -4A CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 08.33 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 50,303.46 0.00 50,303.46 0.00 549,696.54 8.38 INTEREST 10,000.00 64.02 0.00 64.02 0.00 9,935.98 0.64 TOTAL REVENUES 610,000.00 50,367.48 0.00 50,367.48 0.00 559,632.52 8.26 EXPENDITURE SUMMARY 46-ECONOMIC DEVELOPMENT 133,476.00 5,041.38 0.00 5,041.38 0.00 128,434.62 3.78 ___________________________________________________________________________________________________________________________________ TOTAL EXPENDITURES 133,476.00 5,041.38 0.00 5,041.38 0.00 128,434.62 3.78 REVENUE OVER/(UNDER) EXPENDITURES 476,524.00 45,326.10 0.00 45,326.10 0.00 431,197.90 9.51 Page 9 11-16-2021 03:59 PM CITY OF SANGER PAGE: 2 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: OCTOBER 31ST, 2021 41 -4A CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 08.33 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 50,303.46 0.00 50,303.46 0.00 549,696.54 8.38 TOTAL TAXES 600,000.00 50,303.46 0.00 50,303.46 0.00 549,696.54 8.38 GRANTS ______________ ____________ ____________ _____________ ____________ ____________ ______ INTEREST 00-4800 INTEREST INCOME 10,000.00 64.02 0.00 64.02 0.00 9,935.98 0.64 TOTAL INTEREST 10,000.00 64.02 0.00 64.02 0.00 9,935.98 0.64 RENTAL INCOME ______________ ____________ ____________ _____________ ____________ ____________ ______ TRANSFERS ______________ ____________ ____________ _____________ ____________ ____________ ______ ___________________________________________________________________________________________________________________________________ TOTAL REVENUES 610,000.00 50,367.48 0.00 50,367.48 0.00 559,632.52 8.26 ============== ============ ============ ============= ============ ============ ====== Page 10 11-16-2021 03:59 PM CITY OF SANGER PAGE: 3 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: OCTOBER 31ST, 2021 41 -4A CORPORATION 46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 08.33 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 46-5110 REGULAR SALARIES 41,400.00 3,152.08 0.00 3,152.08 0.00 38,247.92 7.61 46-5125 LONGEVITY PAY 100.00 0.00 0.00 0.00 0.00 100.00 0.00 46-5128 AUTO ALLOWANCE 3,000.00 500.00 0.00 500.00 0.00 2,500.00 16.67 46-5129 CELL PHONE ALLOWANCE 300.00 50.00 0.00 50.00 0.00 250.00 16.67 46-5130 FICA 3,450.00 264.69 0.00 264.69 0.00 3,185.31 7.67 46-5140 RETIREMENT 3,900.00 301.02 0.00 301.02 0.00 3,598.98 7.72 46-5150 HEALTH INSURANCE 4,200.00 354.11 0.00 354.11 0.00 3,845.89 8.43 46-5160 WORKER'S COMPENSATION 250.00 0.00 0.00 0.00 0.00 250.00 0.00 46-5170 T W C 100.00 20.50 0.00 20.50 0.00 79.50 20.50 TOTAL 51-SALARIES AND BENEFITS 56,700.00 4,642.40 0.00 4,642.40 0.00 52,057.60 8.19 52-SUPPLIES AND MATERIALS 46-5210 OFFICE SUPPLIES 500.00 0.00 0.00 0.00 0.00 500.00 0.00 46-5215 FOOD 200.00 0.00 0.00 0.00 0.00 200.00 0.00 46-5220 POSTAGE 50.00 0.00 0.00 0.00 0.00 50.00 0.00 46-5226 MARKETING & PROMOTION 25,000.00 0.00 0.00 0.00 0.00 25,000.00 0.00 46-5235 DUES & SUBSCRIPTIONS 2,000.00 249.99 0.00 249.99 0.00 1,750.01 12.50 46-5240 CONFERENCES AND TRAINING 5,000.00 0.00 0.00 0.00 0.00 5,000.00 0.00 46-5280 COMPUTER SUPPLIES 250.00 0.00 0.00 0.00 0.00 250.00 0.00 TOTAL 52-SUPPLIES AND MATERIALS 33,000.00 249.99 0.00 249.99 0.00 32,750.01 0.76 53-MAINTENANCE AND OPERAT 46-5310 R & M BUILDING 5,000.00 0.00 0.00 0.00 0.00 5,000.00 0.00 46-5332 OFFICE MACHINE LEASE 601.00 148.99 0.00 148.99 0.00 452.01 24.79 TOTAL 53-MAINTENANCE AND OPERAT 5,601.00 148.99 0.00 148.99 0.00 5,452.01 2.66 54-CONTRACT SERVICES 46-5425 LEGAL EXPENSE 1,000.00 0.00 0.00 0.00 0.00 1,000.00 0.00 46-5430 PROFESSIONAL SERVICE 20,000.00 0.00 0.00 0.00 0.00 20,000.00 0.00 46-5450 TECHNICAL SUPPORT 1,000.00 0.00 0.00 0.00 0.00 1,000.00 0.00 46-5451 ANNUAL SOFTWARE SUPPORT 3,375.00 0.00 0.00 0.00 0.00 3,375.00 0.00 46-5452 WEBSITE 12,800.00 0.00 0.00 0.00 0.00 12,800.00 0.00 TOTAL 54-CONTRACT SERVICES 38,175.00 0.00 0.00 0.00 0.00 38,175.00 0.00 55-UTILITIE S ______________ ____________ ____________ _____________ ____________ ____________ ______ 56-GRANT EXPENSES ______________ ____________ ____________ _____________ ____________ ____________ ______ 60-CAPITAL OUTLAY < $5K ______________ ____________ ____________ _____________ ____________ ____________ ______ Page 11 11-16-2021 03:59 PM CITY OF SANGER PAGE: 4 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: OCTOBER 31ST, 2021 41 -4A CORPORATION 46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 08.33 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 ______________ ____________ ____________ _____________ ____________ ____________ ______ 71-DEPRECIATIO N ______________ ____________ ____________ _____________ ____________ ____________ ______ 70-DEBT PAYMENT S ______________ ____________ ____________ _____________ ____________ ____________ ______ ___________________________________________________________________________________________________________________________________ TOTAL 46-ECONOMIC DEVELOPMENT 133,476.00 5,041.38 0.00 5,041.38 0.00 128,434.62 3.78 Page 12 11-16-2021 03:59 PM CITY OF SANGER PAGE: 5 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: OCTOBER 31ST, 2021 41 -4A CORPORATION 74-TRANSFERS % OF YEAR COMPLETED: 08.33 CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF DEPARTMENTAL EXPENDITURES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET ___________________________________________________________________________________________________________________________________ 74-TRANSFER S ______________ ____________ ____________ _____________ ____________ ____________ ______ ___________________________________________________________________________________________________________________________________ TOTAL EXPENDITURES 133,476.00 5,041.38 0.00 5,041.38 0.00 128,434.62 3.78 ============== ============ ============ ============= ============ ============ ====== ** REVENUE OVER(UNDER) EXPENDITURES ** 476,524.00 45,326.10 0.00 45,326.10 0.00 431,197.90 9.51 Page 13 11-16-2021 03:59 PM CITY OF SANGER PAGE: 1 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: OCTOBER 31ST, 2021 42 -4B CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 08.33 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 50,303.46 0.00 50,303.46 0.00 549,696.54 8.38 INTEREST 10,000.00 320.52 0.00 320.52 0.00 9,679.48 3.21 TOTAL REVENUES 610,000.00 50,623.98 0.00 50,623.98 0.00 559,376.02 8.30 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 4,250.08 0.00 4,250.08 0.00 348,624.92 1.20 ___________________________________________________________________________________________________________________________________ TOTAL EXPENDITURES 565,375.00 4,250.08 0.00 4,250.08 0.00 561,124.92 0.75 REVENUE OVER/(UNDER) EXPENDITURES 44,625.00 46,373.90 0.00 46,373.90 0.00 ( 1,748.90 103.92 Page 14 11-16-2021 03:59 PM CITY OF SANGER PAGE: 2 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: OCTOBER 31ST, 2021 42 -4B CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 08.33 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 50,303.46 0.00 50,303.46 0.00 549,696.54 8.38 TOTAL TAXES 600,000.00 50,303.46 0.00 50,303.46 0.00 549,696.54 8.38 INTEREST 00-4800 INTEREST INCOME 10,000.00 320.52 0.00 320.52 0.00 9,679.48 3.21 TOTAL INTEREST 10,000.00 320.52 0.00 320.52 0.00 9,679.48 3.21 ___________________________________________________________________________________________________________________________________ TOTAL REVENUES 610,000.00 50,623.98 0.00 50,623.98 0.00 559,376.02 8.30 ============== ============ ============ ============= ============ ============ ====== Page 15 11-16-2021 03:59 PM CITY OF SANGER PAGE: 3 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: OCTOBER 31ST, 2021 42 -4B CORPORATION 74-TRANSFERS % OF YEAR COMPLETED: 08.33 CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF DEPARTMENTAL EXPENDITURES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET ___________________________________________________________________________________________________________________________________ 74-TRANSFERS 74-7403 TRANSFER TO DSF 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 ___________________________________________________________________________________________________________________________________ TOTAL 74-TRANSFERS 212,500.00 0.00 0.00 0.00 0.00 212,500.00 0.00 Page 16 11-16-2021 03:59 PM CITY OF SANGER PAGE: 4 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: OCTOBER 31ST, 2021 42 -4B CORPORATION 76-4B FUND % OF YEAR COMPLETED: 08.33 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 3,152.10 0.00 38,247.90 7.61 76-5125 LONGEVITY PAY 100.00 0.00 0.00 0.00 0.00 100.00 0.00 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 3,450.00 260.54 0.00 260.54 0.00 3,189.46 7.55 76-5140 RETIREMENT 3,900.00 296.31 0.00 296.31 0.00 3,603.69 7.60 76-5150 HEALTH INSURANCE 4,200.00 348.63 0.00 348.63 0.00 3,851.37 8.30 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 4,057.58 0.00 4,057.58 0.00 52,642.42 7.16 52-SUPPLIES AND MATERIALS 76-5210 OFFICE SUPPLIES 500.00 0.00 0.00 0.00 0.00 500.00 0.00 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 0.00 0.00 0.00 0.00 15,000.00 0.00 76-5235 DUES & SUBSCRIPTIONS 600.00 0.00 0.00 0.00 0.00 600.00 0.00 76-5240 CONFERENCES & TRAINING 800.00 192.50 0.00 192.50 0.00 607.50 24.06 76-5280 COMPUTER SUPPLIES 250.00 0.00 0.00 0.00 0.00 250.00 0.00 TOTAL 52-SUPPLIES AND MATERIALS 17,400.00 192.50 0.00 192.50 0.00 17,207.50 1.11 53-MAINTENANCE AND OPERAT 76-5332 OFFICE MACHINE LEASE 600.00 0.00 0.00 0.00 0.00 600.00 0.00 TOTAL 53-MAINTENANCE AND OPERAT 600.00 0.00 0.00 0.00 0.00 600.00 0.00 54-CONTRACT SERVICES 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 0.00 0.00 0.00 0.00 12,800.00 0.00 TOTAL 54-CONTRACT SERVICES 28,175.00 0.00 0.00 0.00 0.00 28,175.00 0.00 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 76-5603 PROPERTY ENHANCEMENTS INCENTIV 25,000.00 0.00 0.00 0.00 0.00 25,000.00 0.00 TOTAL 56-GRANT EXPENSES 50,000.00 0.00 0.00 0.00 0.00 50,000.00 0.00 61-CAPITAL OUTLAY 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 Page 17 11-16-2021 03:59 PM CITY OF SANGER PAGE: 5 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: OCTOBER 31ST, 2021 42 -4B CORPORATION 76-4B FUND % OF YEAR COMPLETED: 08.33 CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF DEPARTMENTAL EXPENDITURES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET ___________________________________________________________________________________________________________________________________ 65-CAPITAL PROJECTS ______________ ____________ ____________ _____________ ____________ ____________ ______ 70-DEBT PAYMENT S ______________ ____________ ____________ _____________ ____________ ____________ ______ 74-TRANSFER S ______________ ____________ ____________ _____________ ____________ ____________ ______ ___________________________________________________________________________________________________________________________________ TOTAL 76-4B FUND 352,875.00 4,250.08 0.00 4,250.08 0.00 348,624.92 1.20 TOTAL EXPENDITURES 565,375.00 4,250.08 0.00 4,250.08 0.00 561,124.92 0.75 ============== ============ ============ ============= ============ ============ ====== ** REVENUE OVER(UNDER) EXPENDITURES ** 44,625.00 46,373.90 0.00 46,373.90 0.00 ( 1,748.90 103.92 Page 18 11-16-2021 04:01 PM CITY OF SANGER PAGE: 1 BALANCE SHEET AS OF: OCTOBER 31ST, 2021 41 -4A CORPORATION ACCOUNT # ACCOUNT DESCRIPTION BALANCE _____________________________________________________________________________________________ ASSETS ====== 41-00-1000 CLAIM ON CASH 1,217,542.18 41-00-1010 CKG-4A CASH (PROSP 90020693) 331,914.70 41-00-1012 MM-4A INV (PROSP 902551273) 479,739.65 41-00-1013 CD - #486639 95,763.14 41-00-1074 BUILDING & IMPROVEMENTS 1,080,797.00 41-00-1076 MACHINERY & EQUIPMENT 40,950.36 41-00-1079 ACCUMULATED DEPRECIATION ( 474,688.15) 41-00-1153 SALES TAX RECEIVABLE 50,303.46 2,822,322.34 TOTAL ASSETS 2,822,322.34 ============== LIABILITIES =========== 41-00-2000 ACCOUNTS PAYABLE CONTROL 1,512.00 41-00-2403 ACCRUED WAGES PAYABLE 2,897.29 TOTAL LIABILITIES 4,409.29 EQUITY ====== 41-00-3015 FUND BALANCE - RESTRICTED 2,337,943.79 TOTAL BEGINNING EQUITY 2,337,943.79 TOTAL REVENUE 50,367.48 TOTAL EXPENSES 5,041.38 (WILL CLOSE TO FUND BAL.) 434,643.16 TOTAL REVENUE OVER/(UNDER) EXPENSES 479,969.26 TOTAL EQUITY & REV. OVER/(UNDER) EXP. 2,817,913.05 TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 2,822,322.34 ============== Page 19 11-16-2021 04:01 PM CITY OF SANGER PAGE: 1 BALANCE SHEET AS OF: OCTOBER 31ST, 2021 42 -4B CORPORATION ACCOUNT # ACCOUNT DESCRIPTION BALANCE _____________________________________________________________________________________________ ASSETS ====== 42-00-1000 CLAIM ON CASH 1,453,699.27 42-00-1010 CKG - 4B CASH (2379694) 198,016.03 42-00-1013 CD - 4B #653500 22,129.95 42-00-1014 CD - 4B #659924 21,886.11 42-00-1015 CD - 4B #664243 21,981.85 42-00-1016 CD - 4B #673277 21,935.14 42-00-1017 CD - 4B #686115 21,954.16 42-00-1018 CD - 4B #689521 21,874.62 42-00-1019 CD - 4B #694371 21,959.43 42-00-1020 CD - 4B #697230 22,085.48 42-00-1021 CD - 4B #699934 22,008.57 42-00-1022 CD - 4B #702285 21,819.68 42-00-1023 CD - 4B #706078 21,730.22 42-00-1024 CD - 4B #720097 21,412.32 42-00-1025 CD - 4B #720119 21,447.52 42-00-1153 SALES TAX RECEIVABLE 50,303.46 1,986,243.81 TOTAL ASSETS 1,986,243.81 ============== LIABILITIES =========== 42-00-2000 ACCOUNTS PAYABLE CONTROL 1,446.56 42-00-2900 ENCUMBRANCE ( 325.00) 42-00-2910 RESERVE FOR ENCUMBRANCE 325.00 TOTAL LIABILITIES 1,446.56 EQUITY ====== 42-00-3015 FUND BALANCE - RESTRICTED 1,535,133.59 TOTAL BEGINNING EQUITY 1,535,133.59 TOTAL REVENUE 50,623.98 TOTAL EXPENSES 4,250.08 (WILL CLOSE TO FUND BAL.) 403,289.76 TOTAL REVENUE OVER/(UNDER) EXPENSES 449,663.66 TOTAL EQUITY & REV. OVER/(UNDER) EXP. 1,984,797.25 TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 1,986,243.81 ============== Page 20 Percent Budget Actual of Budget Revenue Sales Tax 600,000 50,303 8% Interest Income 10,000 #321 3% Total Revenue 610,000 50,624 8% Expenditures Salaries and Benefits 56,700 4,058 7% Transfer to Debt Service Fund 212,500 0% Supplies and Matterials 12,050 193 2% Maintenance and Operation 600 - 0% Contract Services 37,375 0% Community Projects 25,000 0% Total Expenditures 344,225 4,250 1% Revenues Over Expenditures 265,775 46,373 Cash in Bank - Checking 198,016 Certificate of Deposit 284,225 Claim on Cash 1,453,699 Total Cash 1,935,940 October 31, 2021 Fund 4B Sanger Texas Development Corporation Page 21 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 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 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 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 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 50,303 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 % 2019-2020 2020-2021 Change 2019-2020-2020-2021 Change 41,961 52,602 25%41,961 52,602 25% Year to Date 4A & 4B SALES TAX REVENUE REPORT October 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 22 4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO AGENDA ITEM NO. 6.B. AGENDA MEETING DATE: November 23, 2021 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 the Porter Park Project and Economic Development Activity. LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK: NA FINANCIAL SUMMARY ­ FUNDING/FISCAL IMPACT: NA FUNDS: NA STAFF RECOMMENDATION/ACTION DESIRED: NA Page 23