06/22/2021-4B-Agenda Packet-RegularAGENDA
4B ECONOMIC DEVELOPMENT BOARD
TUESDAY, JUNE 22, 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.Approval of 4B Minutes From Board Meeting 03232021
2.Approval of 4B Minutes From Joint Board Meeting 04272021
4.Consider Any Items Removed from Consent Agenda.
REGULAR AGENDA
5.Fiscal Year 2021/2022 Budget
Consider, Discuss and Possible Action on the Fiscal Year 2021/2022 Budget.
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
Page 1
AGENDA4B ECONOMIC DEVELOPMENT BOARDTUESDAY, JUNE 22, 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.Approval of 4B Minutes From Board Meeting 032320212.Approval of 4B Minutes From Joint Board Meeting 042720214.Consider Any Items Removed from Consent Agenda.REGULAR AGENDA5.Fiscal Year 2021/2022 BudgetConsider, Discuss and Possible Action on the Fiscal Year 2021/2022 Budget.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.
Christy Dyer, Deputy 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: June 22, 2021
TO: Shani Bradshaw, 4B
FROM:
ITEM/CAPTION:
Approval of 4B Minutes From Board Meeting 03232021
AGENDA TYPE: Consent Agenda
ACTION REQUESTED: Approval
BACKGROUND:
NA
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
NA
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
NA
FUNDS:
NA
STAFF RECOMMENDATION/ACTION DESIRED:
Approve the Minutes from 03242021.
ATTACHMENTS:
Description Upload Date Type
4B Minutes March 23, 2021 6/17/2021 Cover Memo
Page 3
MINUTES
4B ECONOMIC DEVELOPMENT BOARD
TUESDAY, MARCH 23, 2021
6:00 PM
HISTORIC CHURCH BUILDING 403 NORTH 7TH STREET
SANGER, TEXAS
COUNCIL MEMBERS PRESENT:
John Payne, Carrie Bilyeu, Eddie Piercy, Justin Swaim
COUNCIL MEMBERS ABSENT:
Will Dutton, Jeff Springer, Beverly Howard
STAFF MEMBERS PRESENT:
Economic Development Director Shani Bradshaw, Stefani Dodson
1.Call Meeting to Order, Establish a Quorum (Roll Call), Pledge, Invocation.
There being a quorum, John Payne called the March 23, 2021, 4B meeting to order at 6:01
p.m.. The invocation was given by John Payne. The Pledge of Allegiance was led by Carrie Bilyeu.
2.CITIZEN INPUT:
There were no citizens who came forward wishing to speak.
4.Consider Any Items Removed from Consent Agenda.
There were no items removed from the agenda.
REGULAR AGENDA
5.Board Training
Discuss, Consider and Possible Action on Authorizing the EDC Director to Execute an Agreement
with EDP Best Practices, LLC for EDC Board Training.
3.
CONSENT AGENDA:
a.
Approval of Minutes
Eddie Piercy made a motion to accept the consent agenda. Motion was seconded by Carrie
Bilyeu. Motion passes unanimously with a 4 0 vote.
1.
Approval of Minutes on 01/26/2021.
Page 4
MINUTES4B ECONOMIC DEVELOPMENT BOARDTUESDAY, MARCH 23, 20216:00 PMHISTORIC CHURCH BUILDING 403 NORTH 7TH STREETSANGER, TEXASCOUNCIL MEMBERS PRESENT:John Payne, Carrie Bilyeu, Eddie Piercy, Justin SwaimCOUNCIL MEMBERS ABSENT:Will Dutton, Jeff Springer, Beverly HowardSTAFF MEMBERS PRESENT:Economic Development Director Shani Bradshaw, Stefani Dodson1.Call Meeting to Order, Establish a Quorum (Roll Call), Pledge, Invocation.There being a quorum, John Payne called the March 23, 2021, 4B meeting to order at 6:01p.m.. The invocation was given by John Payne. The Pledge of Allegiance was led by Carrie Bilyeu. 2.CITIZEN INPUT:There were no citizens who came forward wishing to speak.3.CONSENT AGENDA:a.Approval of MinutesEddie Piercy made a motion to accept the consent agenda. Motion was seconded by CarrieBilyeu. Motion passes unanimously with a 4 0 vote.1.Approval of Minutes on 01/26/20214.Consider Any Items Removed from Consent Agenda.There were no items removed from the agenda.REGULAR AGENDA5.Board Training
6.
7.
John Payne read the Executive Session item and convened into Executive Session at 6:18 PM.
8.Reconvene to Open Meeting
Reconvene Into Regular Session And Take Any Action Deemed Necessary As A Result Of The
Executive Closed Session.
John Payne and the board reconvened at 6:27 p.m.. Carrie Bilyeu makes a motion to authorize the
Economic Director to engage with negotiation with land owner. Motion was seconded Eddie
Piercy. Motion passes unanimously with 40 vote.
9.INFORMATION ITEMS:
a.Executive Director's Report
1. Sales Tax Update
2. Financial Update
3. Comprehensive Plan Update
Economic Development Director Shani Bradshaw gives a brief update to the Board.
10.FUTURE AGENDA ITEMS:
11.ADJOURN.
There being no further agenda items for discussion, John Payne adjourned the 4B meeting at 6:44
p.m.
Discuss, Consider and Possible Action on Authorizing the EDC Director to Execute an Agreement
with EDP Best Practices, LLC for EDC Board Training.
Economic Development Director Shani Bradshaw speaks briefly about training for the Board. The
Board is interested in training. Eddie Piercy makes a motion to authorize the EDC Director to
execute the agreement with EDP Best Practices for board training. Motion was seconded by Justin
Swaim. Motion passes unanimously with a 40 vote.
Property Enhancement Incentives Application
Discuss, Consider and Possible Action on Property Enhancement Incentive Program Application:
302A308 Bolivar Street (the Woodmen of the World building).
Economic Development Director Shani Bradshaw gives a brief update to the Board. She presents
one application she has received for 302A308 Bolivar St.
John Payne makes a motion for the the Springer Family to receive the $5000.00 grant. Eddie
Piercy seconded the motion. Motion passes unanimously with a 40 vote.
Executive Session
Pursuant to the Open Meetings Act, Chapter 551, the Sanger Texas Development Corporation
Board of Directors Will Meet in Closed Executive Session in Accordance with the Texas
Government Code:
a.
Texas Government Code
Section 551.072 Deliberate the purchase, exchange, sale, lease, or
value of real property:
A0666A Johnson, TR 3A, .5 Acres
Page 5
MINUTES4B ECONOMIC DEVELOPMENT BOARDTUESDAY, MARCH 23, 20216:00 PMHISTORIC CHURCH BUILDING 403 NORTH 7TH STREETSANGER, TEXASCOUNCIL MEMBERS PRESENT:John Payne, Carrie Bilyeu, Eddie Piercy, Justin SwaimCOUNCIL MEMBERS ABSENT:Will Dutton, Jeff Springer, Beverly HowardSTAFF MEMBERS PRESENT:Economic Development Director Shani Bradshaw, Stefani Dodson1.Call Meeting to Order, Establish a Quorum (Roll Call), Pledge, Invocation.There being a quorum, John Payne called the March 23, 2021, 4B meeting to order at 6:01p.m.. The invocation was given by John Payne. The Pledge of Allegiance was led by Carrie Bilyeu. 2.CITIZEN INPUT:There were no citizens who came forward wishing to speak.3.CONSENT AGENDA:a.Approval of MinutesEddie Piercy made a motion to accept the consent agenda. Motion was seconded by CarrieBilyeu. Motion passes unanimously with a 4 0 vote.1.Approval of Minutes on 01/26/20214.Consider Any Items Removed from Consent Agenda.There were no items removed from the agenda.REGULAR AGENDA5.Board TrainingDiscuss, Consider and Possible Action on Authorizing the EDC Director to Execute an Agreementwith EDP Best Practices, LLC for EDC Board Training.Economic Development Director Shani Bradshaw speaks briefly about training for the Board. TheBoard is interested in training. Eddie Piercy makes a motion to authorize the EDC Director toexecute and agreement with EDP Best Practices for board training. Motion was seconded by JustinSwaim. Motion passes unanimously with a 40 vote.6.Property Enhancement Incentives ApplicationDiscuss, Consider and Possible Action on Property Enhancement Incentive Program Application:302A308 Bolivar Street (the Woodmen of the World building)Economic Development Director Shani Bradshaw gives a brief update to the Board. She presentsone application she has received for 302A308 Bolivar St.John Payne makes a motion for the the Springer Family to receive the $5000.00 grant. EddiePiercy seconded the motion. Motion passes unanimously with a 40 vote.7.Executive SessionPursuant to the Open Meetings Act, Chapter 551, the Sanger Texas Development CorporationBoard of Directors Will Meet in Closed Executive Session in Accordance with the TexasGovernment Code:a.Texas Government Code Section 551.072 Deliberate the purchase, exchange, sale, lease, orvalue of real property:A0666A Johnson, TR 3A, .5 AcresJohn Payne read the Executive Session item and convened into Executive Session at 6:18 PM.8.Reconvene to Open MeetingReconvene Into Regular Session And Take Any Action Deemed Necessary As A Result Of TheExecutive Closed Session. John Payne and the board reconvened at 6:27 p.m.. Carrie Bilyeu makes a motion to authorize theEconomic Director to engage with negotiation with land owner. Motion was seconded EddiePiercy. Motion passes unanimously with 40 vote.9.INFORMATION ITEMS:a.Executive Director's Report1. Sales Tax Update2. Financial Update3. Comprehensive Plan UpdateEconomic Development Director Shani Bradshaw gives a brief update to the Board.10.FUTURE AGENDA ITEMS:11.ADJOURN.
There being no further agenda items for discussion, John Payne adjourned the 4B meeting at 6:44
p.m.
Page 6
4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. A.2.
AGENDA MEETING DATE: June 22, 2021
TO: Shani Bradshaw, 4B
FROM:
ITEM/CAPTION:
Approval of 4B Minutes From Joint Board Meeting 04272021
AGENDA TYPE:
ACTION REQUESTED:
BACKGROUND:
NA
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
NA
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
NA
FUNDS:
NA
STAFF RECOMMENDATION/ACTION DESIRED:
Approve the minutes from 4272021.
ATTACHMENTS:
Description Upload Date Type
4B Minutes April 27, 2021 6/17/2021 Cover Memo
Page 7
MINUTES
JOINT SPECIAL MEETING OF THE 4A AND 4B ECONOMIC DEVELOPMENT BOARDS
TUESDAY, APRIL 27, 2021
6:00 PM
HISTORIC CHURCH BUILDING 403 NORTH 7TH STREET
SANGER, TEXAS
COUNCIL MEMBERS PRESENT:
Joint Meeting quorum.
4A Elizabeth Springer, Victor Gann, Sue Allison, Drew Hall, Nancy McAlister
4B John Payne, Will Dutton, Eddie Piercy, Beverly Howard, Jeff Springer
COUNCIL MEMBERS ABSENT:
4B Carrie Bilyeu, Justin Swaim
STAFF MEMBERS PRESENT:
Economic Development Director Shani Bradshaw, Stefani Dodson
1.Call Meeting to Order, Establish a Quorum (Roll Call), Invocation.
There being a quorum, John Payne called the April 27, 2021, Joint Meeting of 4A and 4B board to
order at 6:00 p.m.. The invocation was given by Jeff Springer. The Pledge of Allegiance was led by
Eddie Piercy.
2.CITIZEN INPUT:
There were no citizens who came forward wishing to speak.
3.Consider Any Items Removed from Consent Agenda.
No items need to be removed.
REGULAR AGENDA
4.Incentive Policy
Discuss, Consider and Possible Action on Authorizing the EDC Director to Execute an Agreement
with EDP Best Practices for the Development of a New Incentives Policy.
Economic Development Director Shani Bradshaw explains she brought up the Incentive Policy to
the 4A board. She said the current policy was made back in 2007 and is outdated. She explains
how important it is for us to have an incentive policy. The 4A board tabled any further discussion to
see if the 4B Board will be able to split the cost. The cost to have this policy done would be
$4500.00 so that would be $2250.00 for each Board. EDC Director Bradshaw tells the board that
in one of the handouts is an example of another City's incentive policy.
Page 8
MINUTESJOINT SPECIAL MEETING OF THE 4A AND 4B ECONOMIC DEVELOPMENT BOARDSTUESDAY, APRIL 27, 20216:00 PMHISTORIC CHURCH BUILDING 403 NORTH 7TH STREETSANGER, TEXASCOUNCIL MEMBERS PRESENT:Joint Meeting quorum.4A Elizabeth Springer, Victor Gann, Sue Allison, Drew Hall, Nancy McAlister4B John Payne, Will Dutton, Eddie Piercy, Beverly Howard, Jeff SpringerCOUNCIL MEMBERS ABSENT:4B Carrie Bilyeu, Justin SwaimSTAFF MEMBERS PRESENT:Economic Development Director Shani Bradshaw, Stefani Dodson1.Call Meeting to Order, Establish a Quorum (Roll Call), Invocation.There being a quorum, John Payne called the April 27, 2021, Joint Meeting of 4A and 4B board toorder at 6:00 p.m.. The invocation was given by Jeff Springer. The Pledge of Allegiance was led byEddie Piercy.2.CITIZEN INPUT:There were no citizens who came forward wishing to speak.3.Consider Any Items Removed from Consent Agenda.No items need to be removed.REGULAR AGENDA4.Incentive PolicyDiscuss, Consider and Possible Action on Authorizing the EDC Director to Execute an Agreementwith EDP Best Practices for the Development of a New Incentives Policy.Economic Development Director Shani Bradshaw explains she brought up the Incentive Policy tothe 4A board. She said the current policy was made back in 2007 and is outdated. She explainshow important it is for us to have an incentive policy. The 4A board tabled any further discussion tosee if the 4B Board will be able to split the cost. The cost to have this policy done would be$4500.00 so that would be $2250.00 for each Board. EDC Director Bradshaw tells the board that
in one of the handouts is an example of another City's incentive policy.
Eddie Piercy makes a motion to authorize the EDC Director to execute an agreement with EDP Best
Practices for the Development of a new incentive policy. Will Dutton seconded the motion. Motion
passes unanimously with a 50 vote.
Victor Gann makes a motion to authorize the EDC Director to execute an agreement with EDP Best
Practices for the Development of a new incentive policy. Nancy McAlister seconded the motion.
Motion passes unanimously with a 50 vote.
5.EDC and CDC Budgets
Consider and Discuss the FY 20212022 EDC and CDC Budgets.
Economic Development Director Shani Bradshaw explains to the boards that this is not an action
item. She starts to go over the budget hand out she gave all the Board members. She points out
some of the changes on the proposed 202122 budget. She points out that during the last 4A
meeting is was brought up that 4B should split the Economic Development Directors salary. It will be
one of the changes that reflecting on the proposed budget.
6.INFORMATION ITEMS:
No items to discuss.
7.FUTURE AGENDA ITEMS:
John Payne and Board members would like a view at the budget numbers from the past years for
201920, 202021, and then the proposed budget.
8.ADJOURN.
There being no further agenda items for discussion, John Payne adjourned the Joint Meeting with 4A
and 4B at 6:59 p.m..
Page 9
4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 5.
AGENDA MEETING DATE: June 22, 2021
TO: Shani Bradshaw, 4B
FROM: Shani Bradshaw, Director of Economic Development
ITEM/CAPTION:
Fiscal Year 2021/2022 Budget
Consider, Discuss and Possible Action on the Fiscal Year 2021/2022 Budget.
AGENDA TYPE: Regular
ACTION REQUESTED: Approval
BACKGROUND:
Staff will provide a copy of the budget at the Board Meeting.
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
NA
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
NA
FUNDS:
NA
STAFF RECOMMENDATION/ACTION DESIRED:
Approve the Fiscal Year 2021/2022 Budget.
Page 10
4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 6.A.
AGENDA MEETING DATE: June 22, 2021
TO: Shani Bradshaw, 4B
FROM: Shani Bradshaw, Director of Economic Development
ITEM/CAPTION:
Financial Reports
AGENDA TYPE:
ACTION REQUESTED:
BACKGROUND:
Staff will provide financial reports for April 2021 and the monthly sales tax report.
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
Monthly Sales Tax Report May 31, 2021 6/17/2021 Cover Memo
Balance Sheet May 31, 2021 6/17/2021 Cover Memo
Revenue Expense Report May 31, 2021 6/17/2021 Cover Memo
Page 11
Month 2014-2015 Total 2015-2016 Total 2016-2017 Total 2017-2018 Total 2018-2019 Total 2019-2020 Total 2020-2021 Total
OCT 26,843 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
NOV 31,897 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 28,786 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 41,810 129,336 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 38,909 168,245 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 29,841 198,086 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 29,329 227,415 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 33,641 261,056 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 29,030 290,086 32,746 289,005 30,853 318,720 31,811 323,357 36,456 324,071 50,482 394,647
JUL 27,800 317,886 32,803 321,808 35,710 354,430 34,802 358,159 36,977 361,048 49,189 443,837
AUG 35,487 353,373 37,628 359,436 42,725 397,155 39,661 397,820 42,598 403,646 47,386 491,222
SEP 33,366 386,739 31,646 391,082 38,361 435,516 38,280 436,100 38,860 442,506 42,073 553,295
TOTAL 386,739 386,739 391,082 391,082 435,516 435,516 436,100 436,100 442,506 442,506 533,295 533,295 423,717
BUDGET 320,000 66,739 362,500 28,582 362,500 73,016 385,000 51,100 385,000 57,506 385,000 148,295 385,000 (385,000)
Actual Actual %Actual Actual %
2019-2020 2020-2021 Change 2019-2020-2020-2021 Change
41,692 63,691 53%344,166 423,717 23%
Year to Date
4A & 4B SALES TAX REVENUE REPORT
MaySales Tax Collection
386,739 391,082
435,516 436,100 442,506
533,295
0
100,000
200,000
300,000
400,000
500,000
600,000
2015 2016 2017 2018 2019 2020
TOTAL REVENUE 2015-2020
Page 12
4A & 4B SALES TAX REVENUE REPORT
Page 13
6-17-2021 09:57 AM CITY OF SANGER PAGE: 1
BALANCE SHEET
AS OF: MAY 31ST, 2021
42 -4B CORPORATION
ACCOUNT # ACCOUNT DESCRIPTION BALANCE
_____________________________________________________________________________________________
ASSETS
======
42-00-1000 CLAIM ON CASH 1,185,282.47
42-00-1010 CKG - 4B CASH (2379694) 196,327.51
42-00-1013 CD - 4B #653500 22,116.04
42-00-1014 CD - 4B #659924 21,872.36
42-00-1015 CD - 4B #664243 21,968.03
42-00-1016 CD - 4B #673277 21,921.36
42-00-1017 CD - 4B #686115 21,940.36
42-00-1018 CD - 4B #689521 21,860.88
42-00-1019 CD - 4B #694371 21,945.63
42-00-1020 CD - 4B #697230 22,071.60
42-00-1021 CD - 4B #699934 21,994.74
42-00-1022 CD - 4B #702285 21,805.97
42-00-1023 CD - 4B #706078 21,716.56
42-00-1024 CD - 4B #720097 21,398.86
42-00-1025 CD - 4B #720119 21,434.04
42-00-1153 SALES TAX RECEIVABLE 96,174.08
1,761,830.49
TOTAL ASSETS 1,761,830.49
==============
LIABILITIES
===========
42-00-2000 ACCOUNTS PAYABLE CONTROL 2,966.24
42-00-2900 ENCUMBRANCE ( 14,923.54)
42-00-2910 RESERVE FOR ENCUMBRANCE 14,923.54
42-00-2950 DUE TO GENERAL FUND 67,407.55
TOTAL LIABILITIES 70,373.79
EQUITY
======
42-00-3015 FUND BALANCE - RESTRICTED 1,535,133.59
TOTAL BEGINNING EQUITY 1,535,133.59
TOTAL REVENUE 429,432.30
TOTAL EXPENSES 273,109.19
TOTAL REVENUE OVER/(UNDER) EXPENSES 156,323.11
TOTAL EQUITY & REV. OVER/(UNDER) EXP. 1,691,456.70
TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 1,761,830.49
==============
Page 14
6-17-2021 09:59 AM CITY OF SANGER PAGE: 1
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: MAY 31ST, 2021
42 -4B CORPORATION
FINANCIAL SUMMARY % OF YEAR COMPLETED: 66.67
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF
BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
___________________________________________________________________________________________________________________________________
REVENUE SUMMARY
TAXES 462,500.00 63,691.10 0.00 423,717.07 0.00 38,782.93 91.61
INTEREST 5,000.00 35.03 0.00 2,371.03 0.00 2,628.97 47.42
TOTAL REVENUES 467,500.00 63,726.13 0.00 426,088.10 0.00 41,411.90 91.14
EXPENDITURE SUMMARY
74-TRANSFERS 237,500.00 0.00 0.00 237,500.00 0.00 0.00 100.00
76-4B FUND 75,025.00 3,512.98 15,881.36 35,609.19 14,923.54 40,373.63 46.19
___________________________________________________________________________________________________________________________________
TOTAL EXPENDITURES 312,525.00 3,512.98 15,881.36 273,109.19 14,923.54 40,373.63 87.08
REVENUE OVER/(UNDER) EXPENDITURES 154,975.00 60,213.15 15,881.36 152,978.91 ( 14,923.54) 1,038.27 99.33
Page 15
6-17-2021 09:59 AM CITY OF SANGER PAGE: 2
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: MAY 31ST, 2021
42 -4B CORPORATION
FINANCIAL SUMMARY % OF YEAR COMPLETED: 66.67
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 462,500.00 63,691.10 0.00 423,717.07 0.00 38,782.93 91.61
TOTAL TAXES 462,500.00 63,691.10 0.00 423,717.07 0.00 38,782.93 91.61
INTEREST
00-4800 INTEREST INCOME 5,000.00 35.03 0.00 2,371.03 0.00 2,628.97 47.42
TOTAL INTEREST 5,000.00 35.03 0.00 2,371.03 0.00 2,628.97 47.42
___________________________________________________________________________________________________________________________________
TOTAL REVENUES 467,500.00 63,726.13 0.00 426,088.10 0.00 41,411.90 91.14
============== ============ ============ ============= ============ ============ ======
Page 16
6-17-2021 09:59 AM CITY OF SANGER PAGE: 3
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: MAY 31ST, 2021
42 -4B CORPORATION
74-TRANSFERS % OF YEAR COMPLETED: 66.67
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 0.00 212,500.00 0.00 0.00 100.00
74-7441 TRANSFER TO 4A (ADMIN) 25,000.00 0.00 0.00 25,000.00 0.00 0.00 100.00
TOTAL 74-TRANSFERS 237,500.00 0.00 0.00 237,500.00 0.00 0.00 100.00
___________________________________________________________________________________________________________________________________
TOTAL 74-TRANSFERS 237,500.00 0.00 0.00 237,500.00 0.00 0.00 100.00
Page 17
6-17-2021 09:59 AM CITY OF SANGER PAGE: 4
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: MAY 31ST, 2021
42 -4B CORPORATION
76-4B FUND % OF YEAR COMPLETED: 66.67
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF
DEPARTMENTAL EXPENDITURES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
___________________________________________________________________________________________________________________________________
52-SUPPLIES AND MATERIALS
76-5210 OFFICE SUPPLIES 400.00 0.00 0.00 302.66 0.00 97.34 75.67
76-5226 MARKETING & PROMOTION 10,000.00 526.45 0.00 1,153.89 0.00 8,846.11 11.54
76-5235 DUES & SUBSCRIPTIONS 600.00 57.49 0.00 107.49 0.00 492.51 17.92
76-5240 CONFERENCES & TRAINING 800.00 0.00 0.00 0.00 0.00 800.00 0.00
76-5280 COMPUTER SUPPLIES 250.00 0.00 0.00 0.00 0.00 250.00 0.00
TOTAL 52-SUPPLIES AND MATERIALS 12,050.00 583.94 0.00 1,564.04 0.00 10,485.96 12.98
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 4,500.00 2,575.00 2,925.00 70.75
76-5450 TECHNICAL SUPPORT 500.00 623.34 0.00 623.34 0.00 ( 123.34 124.67
76-5451 ANNUAL SOFTWARE SUPPORT 875.00 0.00 0.00 675.00 0.00 200.00 77.14
76-5455 COMPREHENSIVE PLAN UPDATE 0.00 2,305.70 15,881.36 28,246.81 12,348.54 ( 24,713.99 0.00
TOTAL 54-CONTRACT SERVICES 12,375.00 2,929.04 15,881.36 34,045.15 14,923.54 ( 20,712.33 267.37
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 ______________ ____________ ____________ _____________ ____________ ____________ ______
65-CAPITAL PROJECTS ______________ ____________ ____________ _____________ ____________ ____________ ______
70-DEBT PAYMENT S ______________ ____________ ____________ _____________ ____________ ____________ ______
74-TRANSFER S ______________ ____________ ____________ _____________ ____________ ____________ ______
___________________________________________________________________________________________________________________________________
TOTAL 76-4B FUND 75,025.00 3,512.98 15,881.36 35,609.19 14,923.54 40,373.63 46.19
TOTAL EXPENDITURES 312,525.00 3,512.98 15,881.36 273,109.19 14,923.54 40,373.63 87.08
============== ============ ============ ============= ============ ============ ======
** REVENUE OVER(UNDER) EXPENDITURES ** 154,975.00 60,213.15 15,881.36 152,978.91 ( 14,923.54) 1,038.27 99.33
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4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 6.B.
AGENDA MEETING DATE: June 22, 2021
TO: Shani Bradshaw, 4B
FROM: Shani Bradshaw, Director of Economic Development
ITEM/CAPTION:
Director's Report
AGENDA TYPE:
ACTION REQUESTED:
BACKGROUND:
Staff will provide an update to the Board on economic development activity.
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
NA
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
NA
FUNDS:
NA
STAFF RECOMMENDATION/ACTION DESIRED:
NA
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