07/28/2020-4B-Agenda Packet-RegularAGENDA
4B ECONOMIC DEVELOPMENT BOARD
TUESDAY, JULY 28, 2020
6:00 PM
HISTORIC CHURCH BUILDING 403 NORTH 7TH STREET
SANGER, TEXAS
1.Call Meeting to Order
2.Approval of Minutes
Approval of the June 23, 2020 4B Board Meeting Minutes.
3.Election of Officers
4.Sanger Strong Business Relief Grant Program
Discuss, Consider and Possibly Act on Approving the Sanger Strong Business Relief Grant Program
5.Budget Transfer for Grant Program
Discuss, Consider and Possibly Act on Transferring $25,000 from Community Projects to the
Sanger Strong Business Relief Grant Program.
6.Budget Transfer for Legal Expenses
Discuss, Consider and Possibly Act on Transferring $500 from Community Project to Legal
Expenses.
7.Fiscal Year 20202021 Budget
Discuss, Consider and Possibly Act on the Fiscal Year 20202021 Budget.
8.Financial Reports
9.Citizen Comments
10.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.
July 24th, 2020 9:15 AM
Cheryl Price City Secretary
City of Sanger, Texas
Date/Time Posted
AGENDA4B ECONOMIC DEVELOPMENT BOARDTUESDAY, JULY 28, 20206:00 PMHISTORIC CHURCH BUILDING 403 NORTH 7TH STREETSANGER, TEXAS1.Call Meeting to Order2.Approval of MinutesApproval of the June 23, 2020 4B Board Meeting Minutes.3.Election of Officers4.Sanger Strong Business Relief Grant ProgramDiscuss, Consider and Possibly Act on Approving the Sanger Strong Business Relief Grant Program5.Budget Transfer for Grant ProgramDiscuss, Consider and Possibly Act on Transferring $25,000 from Community Projects to theSanger Strong Business Relief Grant Program.6.Budget Transfer for Legal ExpensesDiscuss, Consider and Possibly Act on Transferring $500 from Community Project to LegalExpenses.7.Fiscal Year 20202021 BudgetDiscuss, Consider and Possibly Act on the Fiscal Year 20202021 Budget.8.Financial Reports9.Citizen Comments10.AdjournI, the undersigned authority, do hereby certify that this Notice of Meeting was posted on theCity Website, and on the bulletin board, at the City Hall of the City of Sanger, Texas, a placeconvenient and readily accessible to the general public at all times. Said notice was posted on thefollowing date and time, and remained posted continuously for at least 72 hours prior to thescheduled time of said meeting and shall remain posted until meeting is adjourned.July 24th, 2020 9:15 AMCheryl Price 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.
4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 2.
AGENDA MEETING DATE: July 28, 2020
TO: Shani Bradshaw, 4B
FROM:
ITEM/CAPTION:
Approval of Minutes
Approval of the June 23, 2020 4B Board Meeting Minutes.
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:
NA
ATTACHMENTS:
Description Upload Date Type
June 23, 2020 Minutes 7/8/2020 Cover Memo
MINUTES
4B ECONOMIC DEVELOPMENT BOARD
TUESDAY, JUNE 23, 2020
6:00 PM
502 ELM STREET
SANGER, TEXAS
IMPORTANT NOTICE: MEETING HELD BY TELECONFERENCE
Meetings will temporarily be held via teleconference and will not be held at Sanger City Hall. Effective
March 16, 2020 Texas Governor Abbott suspended certain Open Meeting rules to allow telephonic or
video conference meetings of government bodies that are accessible to the public to decrease large groups
of people from assembling in order to advance the public health goal of limiting facetoface meetings to
slow the spread of the Coronavirus (COVID19). The suspension temporarily removes the requirement
that government officials and members of the public be physically present at a meeting location. A
recording of the telephone conference will be made available to the public in accordance with the Open
Meetings Act, upon written request for up to 90 days after the official minutes of the meeting are approved.
If you plan to speak or provide public comments during the meeting please email;
sbradshaw@sangertexas.org and indicate which item you would like to comment on. You will need to
provide Shani Bradshaw your name, address, plus the name, and/or number you are calling into the
conference with for recognition purposes to allow you to speak during the item. In order to facilitate
Public Hearings during the meeting, each name on the speaking list will be called in the order they were
received and will be provided an opportunity to comment. You may also provide comments to the Director
of Economic Development, Shani Bradshaw (sbradshaw@sangertexas.org) regarding an item if you do not
wish to speak, and they will be emailed to Shani Bradshaw before the meeting. Please provide your
comments or requests to comment for all items no later than one (1) hour before the meeting. The public
may dial one of the following numbers and enter the meeting ID/Access Code to join the meeting. A toll free
number is available and noted on the list below:
Join Zoom Meeting
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Meeting ID: 986 054 4598
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MINUTES4B ECONOMIC DEVELOPMENT BOARDTUESDAY, JUNE 23, 20206:00 PM502 ELM STREETSANGER, TEXASIMPORTANT NOTICE: MEETING HELD BY TELECONFERENCEMeetings will temporarily be held via teleconference and will not be held at Sanger City Hall. EffectiveMarch 16, 2020 Texas Governor Abbott suspended certain Open Meeting rules to allow telephonic orvideoconference meetings of government bodies that are accessible to the public to decrease large groupsof people from assembling in order to advance the public health goal of limiting facetoface meetings toslow the spread of the Coronavirus (COVID19). The suspension temporarily removes the requirementthat government officials and members of the public be physically present at a meeting location. Arecording of the telephone conference will be made available to the public in accordance with the OpenMeetings Act, upon written request for up to 90 days after the official minutes of the meeting are approved.If you plan to speak or provide public comments during the meeting please email;sbradshaw@sangertexas.org and indicate which item you would like to comment on. You will need toprovide Shani Bradshaw your name, address, plus the name, and/or number you are calling into theconference with for recognition purposes to allow you to speak during the item. In order to facilitatePublic Hearings during the meeting, each name on the speaking list will be called in the order they werereceived and will be provided an opportunity to comment. You may also provide comments to the Directorof Economic Development, Shani Bradshaw (sbradshaw@sangertexas.org) regarding an item if you do notwish to speak, and they will be emailed to Shani Bradshaw before the meeting. Please provide yourcomments or requests to comment for all items no later than one (1) hour before the meeting. The publicmay dial one of the following numbers and enter the meeting ID/Access Code to join the meeting. A toll freenumber is available and noted on the list below:Join Zoom Meetinghttps://us02web.zoom.us/j/9860544598?pwd=dEsyRUlOdHBmMWFybG5ZdUZ6ZEtiUT09Meeting ID: 986 054 4598Password: 321654Dial by your location+1 346 248 7799 US (Houston)+1 253 215 8782 US (Tacoma)+1 669 900 6833 US (San Jose)+1 929 205 6099 US (New York)+1 301 715 8592 US (Germantown)+1 312 626 6799 US (Chicago)877 853 5257 US Tollfree888 475 4499 US TollfreeMeeting ID: 986 054 4598
Password: 321654
COMMISSION MEMBERS PRESENT:
John Payne, Jeff Springer, Beverly Branch, Will Dutton, Carrie Bilyeau (Absent: Howard, Martin)
COMMISSION MEMBERS ABSENT:
Beverly Howard(Absent: Howard, Martin)
OTHERS PRESENT:
Shani Bradshaw, Stefani Dodson(Absent: Howard, Martin)
1.Call Meeting to Order
6:07 PM(Absent: Howard, Martin)
2.Approval of Minutes
Approval of the May 26, 2020 4B Board Meeting Minutes
A motion was made by Jeff Springer to Motion. The motion was seconed by Will Dutton.
Jeff Springer made a motion to approve minutes. Seconded by Will Dutton.
Motion passes unanimously.
The motion with a 50 vote (Absent: Howard, Martin)
3.Texas Department of Transportation Offer for Highway Right of Way Required for the Construction
or Improvement of IH 35
Consider, Discuss and Act on Offer Made by the Texas Department of Transportation in the Amount
of $33,442.00 to Purchase 8,425 Square Foot (2,030 acres) Parcel of Land out of the R.A.
Johnson Survey, Abstract No. 666, Parcel 48, Located E/s of IH 35, 0.29 Miles South of Southside
Drive, Sanger, Texas 76266, Deemed Necessary for the Construction or Improvement of the IH 35
Highway Project.
A motion was made by Jeff Springer to Motion. The motion was seconed by Carry Bilyeau.
Jeff Springer gives an update on TxDot. He said he visited with Lee Allison and exchanged
information about our park. They were looking at if any part of the park that may be developed.
Lee Allison said it is not as it is either in flood way or flood plain. Mr Springer speaks a little more
about the conversation. Jeff recommends that we accept the offering price on the property.
Jeff Springer made a motion to accept the possession and use agreement also to accept the offering
price for the TxDot acquisition.
Seconded by Carry Bilyeau.
Motion passes unanimously.
The motion with a 50 vote (Absent: Howard, Martin)
4.Resolution No. 060620 Texas Department of Transportation Agreement
Consider, Discuss and Act on Resolution No. 060620 Authorizing the President of the Board to
Execute an Agreement Between the Sanger Development Corporation and TxDOT for the Sale of
Property for Highway Right of Way Required for the Construction or Improvements of IH 35.
A motion was made by Jeff Springer to Motion. The motion was seconed by Carry Bilyeau.
MINUTES4B ECONOMIC DEVELOPMENT BOARDTUESDAY, JUNE 23, 20206:00 PM502 ELM STREETSANGER, TEXASIMPORTANT NOTICE: MEETING HELD BY TELECONFERENCEMeetings will temporarily be held via teleconference and will not be held at Sanger City Hall. EffectiveMarch 16, 2020 Texas Governor Abbott suspended certain Open Meeting rules to allow telephonic orvideoconference meetings of government bodies that are accessible to the public to decrease large groupsof people from assembling in order to advance the public health goal of limiting facetoface meetings toslow the spread of the Coronavirus (COVID19). The suspension temporarily removes the requirementthat government officials and members of the public be physically present at a meeting location. Arecording of the telephone conference will be made available to the public in accordance with the OpenMeetings Act, upon written request for up to 90 days after the official minutes of the meeting are approved.If you plan to speak or provide public comments during the meeting please email;sbradshaw@sangertexas.org and indicate which item you would like to comment on. You will need toprovide Shani Bradshaw your name, address, plus the name, and/or number you are calling into theconference with for recognition purposes to allow you to speak during the item. In order to facilitatePublic Hearings during the meeting, each name on the speaking list will be called in the order they werereceived and will be provided an opportunity to comment. You may also provide comments to the Directorof Economic Development, Shani Bradshaw (sbradshaw@sangertexas.org) regarding an item if you do notwish to speak, and they will be emailed to Shani Bradshaw before the meeting. Please provide yourcomments or requests to comment for all items no later than one (1) hour before the meeting. The publicmay dial one of the following numbers and enter the meeting ID/Access Code to join the meeting. A toll freenumber is available and noted on the list below:Join Zoom Meetinghttps://us02web.zoom.us/j/9860544598?pwd=dEsyRUlOdHBmMWFybG5ZdUZ6ZEtiUT09Meeting ID: 986 054 4598Password: 321654Dial by your location+1 346 248 7799 US (Houston)+1 253 215 8782 US (Tacoma)+1 669 900 6833 US (San Jose)+1 929 205 6099 US (New York)+1 301 715 8592 US (Germantown)+1 312 626 6799 US (Chicago)877 853 5257 US Tollfree888 475 4499 US TollfreeMeeting ID: 986 054 4598Password: 321654COMMISSION MEMBERS PRESENT:John Payne, Jeff Springer, Beverly Branch, Will Dutton, Carrie Bilyeau (Absent: Howard, Martin)COMMISSION MEMBERS ABSENT:Beverly Howard(Absent: Howard, Martin)OTHERS PRESENT:Shani Bradshaw, Stefani Dodson(Absent: Howard, Martin)1.Call Meeting to Order6:07 PM(Absent: Howard, Martin)2.Approval of MinutesApproval of the May 26, 2020 4B Board Meeting MinutesA motion was made by Jeff Springer to Motion. The motion was seconed by Will Dutton. Jeff Springer made a motion to approve minutes. Seconded by Will Dutton.Motion passes unanimously. The motion with a 50 vote (Absent: Howard, Martin)3.Texas Department of Transportation Offer for Highway Right of Way Required for the Constructionor Improvement of IH 35Consider, Discuss and Act on Offer Made by the Texas Department of Transportation in the Amountof $33,442.00 to Purchase 8,425 Square Foot (2,030 acres) Parcel of Land out of the R.A.Johnson Survey, Abstract No. 666, Parcel 48, Located E/s of IH 35, 0.29 Miles South of SouthsideDrive, Sanger, Texas 76266, Deemed Necessary for the Construction or Improvement of the IH 35Highway Project. A motion was made by Jeff Springer to Motion. The motion was seconed by Carry Bilyeau. Jeff Springer gives an update on TxDot. He said he visited with Lee Allison and exchangedinformation about our park. They were looking at if any part of the park that may be developed. Lee Allison said it is not as it is either in flood way or flood plain. Mr Springer speaks a little moreabout the conversation. Jeff recommends that we accept the offering price on the property. Jeff Springer made a motion to accept the possession and use agreement also to accept the offeringprice for the TxDot acquisition. Seconded by Carry Bilyeau.Motion passes unanimously.The motion with a 50 vote (Absent: Howard, Martin)4.Resolution No. 060620 Texas Department of Transportation AgreementConsider, Discuss and Act on Resolution No. 060620 Authorizing the President of the Board toExecute an Agreement Between the Sanger Development Corporation and TxDOT for the Sale ofProperty for Highway Right of Way Required for the Construction or Improvements of IH 35.
A motion was made by Jeff Springer to Motion. The motion was seconed by Carry Bilyeau.
Jeff Springer makes a motion to authorize John Payne to execute the purchase and sale agreement
with TxDot.
Seconded by Carry Bilyeau
Motion passes unanimously.
The motion with a 50 vote (Absent: Howard, Martin)
5.Resolution No. 060520 Possession and Use Agreement
Consider, Discuss, and Act on Resolution No. 060520 Authorizing the President of the Board to
Execute a Possession and Use Agreement For Transportation Purposes with the Additional Payment
of Independent Consideration between the Texas Department of Transportation and Sanger
Development Corporation.
A motion was made by Jeff Springer to Motion. The motion was seconed by Carry Bilyeau.
Jeff Springer made a motion to authorize John Payne to execute the possession and use agreement
with TxDot.
Seconded by Carry Bilyeau.
Motion passes unanimously.
The motion with a 50 vote (Absent: Howard, Martin)
6.Fiscal Year 20202021 Budget
Discuss, Consider and Act on the Fiscal Year 20202021 Budget.
Shani briefly goes over the budget and showing the breakdown.
John Payne asks about the grant.
Shani goes into a little more detail about how to switch over the current grant to the Facade Grant.
John Payne wants to discuss the Facade grant a little further. He would like to see the current
$50,000 grant be split into $25,000 for Facade and $25,000 to help relieve businesses affected by
COVID19.
Shani explains that she would like to wait for a vote as City Council has a discussion about this on
their agenda. She would like to see what they say before 4B makes a decision.
Payne explains that there is alot of "ifs" in the plan and would like to provide money now to the
businesses.
The board has a discussion and they decide to table this until after the Council meeting in July.
The board has further discussion on where the $25,000 breaks down when they give it to 4A.
(Absent: Howard, Martin)
7.Financial Reports
Shani briefly goes over the financial report. Board has a brief discussion.(Absent: Howard, Martin)
8.Citizen Comments
No Citizens (Absent: Howard, Martin)
9.Adjourn
MINUTES4B ECONOMIC DEVELOPMENT BOARDTUESDAY, JUNE 23, 20206:00 PM502 ELM STREETSANGER, TEXASIMPORTANT NOTICE: MEETING HELD BY TELECONFERENCEMeetings will temporarily be held via teleconference and will not be held at Sanger City Hall. EffectiveMarch 16, 2020 Texas Governor Abbott suspended certain Open Meeting rules to allow telephonic orvideoconference meetings of government bodies that are accessible to the public to decrease large groupsof people from assembling in order to advance the public health goal of limiting facetoface meetings toslow the spread of the Coronavirus (COVID19). The suspension temporarily removes the requirementthat government officials and members of the public be physically present at a meeting location. Arecording of the telephone conference will be made available to the public in accordance with the OpenMeetings Act, upon written request for up to 90 days after the official minutes of the meeting are approved.If you plan to speak or provide public comments during the meeting please email;sbradshaw@sangertexas.org and indicate which item you would like to comment on. You will need toprovide Shani Bradshaw your name, address, plus the name, and/or number you are calling into theconference with for recognition purposes to allow you to speak during the item. In order to facilitatePublic Hearings during the meeting, each name on the speaking list will be called in the order they werereceived and will be provided an opportunity to comment. You may also provide comments to the Directorof Economic Development, Shani Bradshaw (sbradshaw@sangertexas.org) regarding an item if you do notwish to speak, and they will be emailed to Shani Bradshaw before the meeting. Please provide yourcomments or requests to comment for all items no later than one (1) hour before the meeting. The publicmay dial one of the following numbers and enter the meeting ID/Access Code to join the meeting. A toll freenumber is available and noted on the list below:Join Zoom Meetinghttps://us02web.zoom.us/j/9860544598?pwd=dEsyRUlOdHBmMWFybG5ZdUZ6ZEtiUT09Meeting ID: 986 054 4598Password: 321654Dial by your location+1 346 248 7799 US (Houston)+1 253 215 8782 US (Tacoma)+1 669 900 6833 US (San Jose)+1 929 205 6099 US (New York)+1 301 715 8592 US (Germantown)+1 312 626 6799 US (Chicago)877 853 5257 US Tollfree888 475 4499 US TollfreeMeeting ID: 986 054 4598Password: 321654COMMISSION MEMBERS PRESENT:John Payne, Jeff Springer, Beverly Branch, Will Dutton, Carrie Bilyeau (Absent: Howard, Martin)COMMISSION MEMBERS ABSENT:Beverly Howard(Absent: Howard, Martin)OTHERS PRESENT:Shani Bradshaw, Stefani Dodson(Absent: Howard, Martin)1.Call Meeting to Order6:07 PM(Absent: Howard, Martin)2.Approval of MinutesApproval of the May 26, 2020 4B Board Meeting MinutesA motion was made by Jeff Springer to Motion. The motion was seconed by Will Dutton. Jeff Springer made a motion to approve minutes. Seconded by Will Dutton.Motion passes unanimously. The motion with a 50 vote (Absent: Howard, Martin)3.Texas Department of Transportation Offer for Highway Right of Way Required for the Constructionor Improvement of IH 35Consider, Discuss and Act on Offer Made by the Texas Department of Transportation in the Amountof $33,442.00 to Purchase 8,425 Square Foot (2,030 acres) Parcel of Land out of the R.A.Johnson Survey, Abstract No. 666, Parcel 48, Located E/s of IH 35, 0.29 Miles South of SouthsideDrive, Sanger, Texas 76266, Deemed Necessary for the Construction or Improvement of the IH 35Highway Project. A motion was made by Jeff Springer to Motion. The motion was seconed by Carry Bilyeau. Jeff Springer gives an update on TxDot. He said he visited with Lee Allison and exchangedinformation about our park. They were looking at if any part of the park that may be developed. Lee Allison said it is not as it is either in flood way or flood plain. Mr Springer speaks a little moreabout the conversation. Jeff recommends that we accept the offering price on the property. Jeff Springer made a motion to accept the possession and use agreement also to accept the offeringprice for the TxDot acquisition. Seconded by Carry Bilyeau.Motion passes unanimously.The motion with a 50 vote (Absent: Howard, Martin)4.Resolution No. 060620 Texas Department of Transportation AgreementConsider, Discuss and Act on Resolution No. 060620 Authorizing the President of the Board toExecute an Agreement Between the Sanger Development Corporation and TxDOT for the Sale ofProperty for Highway Right of Way Required for the Construction or Improvements of IH 35.A motion was made by Jeff Springer to Motion. The motion was seconed by Carry Bilyeau. Jeff Springer makes a motion to authorize John Payne to execute the purchase and sale agreementwith TxDot.Seconded by Carry BilyeauMotion passes unanimously.The motion with a 50 vote (Absent: Howard, Martin)5.Resolution No. 060520 Possession and Use AgreementConsider, Discuss, and Act on Resolution No. 060520 Authorizing the President of the Board toExecute a Possession and Use Agreement For Transportation Purposes with the Additional Paymentof Independent Consideration between the Texas Department of Transportation and SangerDevelopment Corporation.A motion was made by Jeff Springer to Motion. The motion was seconed by Carry Bilyeau. Jeff Springer made a motion to authorize John Payne to execute the possession and use agreementwith TxDot.Seconded by Carry Bilyeau.Motion passes unanimously.The motion with a 50 vote (Absent: Howard, Martin)6.Fiscal Year 20202021 BudgetDiscuss, Consider and Act on the Fiscal Year 20202021 Budget.Shani briefly goes over the budget and showing the breakdown. John Payne asks about the grant.Shani goes into a little more detail about how to switch over the current grant to the Facade Grant.John Payne wants to discuss the Facade grant a little further. He would like to see the current$50,000 grant be split into $25,000 for Facade and $25,000 to help relieve businesses affected byCOVID19.Shani explains that she would like to wait for a vote as City Council has a discussion about this ontheir agenda. She would like to see what they say before 4B makes a decision.Payne explains that there is alot of "ifs" in the plan and would like to provide money now to thebusinesses.The board has a discussion and they decide to table this until after the Council meeting in July.The board has further discussion on where the $25,000 breaks down when they give it to 4A.(Absent: Howard, Martin)7.Financial ReportsShani briefly goes over the financial report. Board has a brief discussion.(Absent: Howard, Martin)8.Citizen CommentsNo Citizens (Absent: Howard, Martin)
9.Adjourn
7:04 PM(Absent: Howard, Martin)
4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 3.
AGENDA MEETING DATE: July 28, 2020
TO: Shani Bradshaw, 4B
FROM:
ITEM/CAPTION:
Election of Officers
AGENDA TYPE: Regular
ACTION REQUESTED: Approval
BACKGROUND:
Members need to elect new officer positions this meeting date. The elected officers of the corporation shall be a
President and Vice President.
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
NA
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
NA
FUNDS:
NA
STAFF RECOMMENDATION/ACTION DESIRED:
APPOINT a new President and Vice President this meeting date.
4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 4.
AGENDA MEETING DATE: July 28, 2020
TO: Shani Bradshaw, 4B
FROM: Shani Bradshaw, Director of Economic Development
ITEM/CAPTION:
Sanger Strong Business Relief Grant Program
Discuss, Consider and Possibly Act on Approving the Sanger Strong Business Relief Grant Program
AGENDA TYPE: Work Session
ACTION REQUESTED: Approval
BACKGROUND:
At the June 23, 2020 Board meeting, the Board asked Director Shani Bradshaw to work on a program that could
support businesses affected by COVID19. The Sanger Strong Business Relief Grant program is designed to provide
financial assistance to small businesses impacted by COVID19. The Grant funding may be used for lease or mortgage
payments, utility payments, payroll, business operations (marketing expenses) and other business needs as approved by
the Grant committee. To qualify for this grant, businesses must have a Sanger address and employ 25 employees or
fewer. The maximum grant amount is $2,000.
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
Legal has reviewed the Grant program and Resolution.
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
NA
FUNDS:
$25,000 will be transferred from Community Projects to the SSBR Program.
STAFF RECOMMENDATION/ACTION DESIRED:
APPROVE the Sanger Strong Business Relief Grant Program.
ATTACHMENTS:
4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMOAGENDA ITEM NO. 4.AGENDA MEETING DATE: July 28, 2020TO: Shani Bradshaw, 4BFROM: Shani Bradshaw, Director of Economic DevelopmentITEM/CAPTION:Sanger Strong Business Relief Grant ProgramDiscuss, Consider and Possibly Act on Approving the Sanger Strong Business Relief Grant ProgramAGENDA TYPE: Work SessionACTION REQUESTED: Approval BACKGROUND:At the June 23, 2020 Board meeting, the Board asked Director Shani Bradshaw to work on a program that couldsupport businesses affected by COVID19. The Sanger Strong Business Relief Grant program is designed to providefinancial assistance to small businesses impacted by COVID19. The Grant funding may be used for lease or mortgagepayments, utility payments, payroll, business operations (marketing expenses) and other business needs as approved bythe Grant committee. To qualify for this grant, businesses must have a Sanger address and employ 25 employees orfewer. The maximum grant amount is $2,000. LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:Legal has reviewed the Grant program and Resolution. FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:NAFUNDS:$25,000 will be transferred from Community Projects to the SSBR Program.STAFF RECOMMENDATION/ACTION DESIRED:APPROVE the Sanger Strong Business Relief Grant Program.
ATTACHMENTS:
Description Upload Date Type
SSBR Program 7/22/2020 Cover Memo
Page 1 of 5
SANGER STRONG BUSINESS RELIEF GRANT PROGRAM
INTRODUCTION
The Sanger Texas Development Corporation (“STDC”) has established a Sanger Strong Business
Relief Grant program to assist small businesses located within the city limits of Sanger that are
experiencing financial hardship due to the COVID-19 pandemic and Texas Governor Greg Abbot’s
Declaration of Public Health Disaster and Order of mandatory closings and service disruptions.
The grant program is specifically created to help small bu sinesses keep their workforce
employed, assist with payroll and other business operating expenses and keep Sanger businesses
open. It will provide funds to businesses without collateral requirements, personal guarantees,
and is an additional local option to State and Federal funding support.
Grant requests are for a minimum of $500 and maximum of up to $2,000.
ELIGIBILITY & REGULATIONS
To qualify for Grant funds, businesses that were listed as essential and non-essential in Governor
Abbott’s Disaster Declaration are eligible to apply for this grant if they meet the following:
1. Business must be in the city limits and have a physical location in Sanger, and have ongoing
local business operations accessible to the public.
2. Business must be able to demonstrate the negative impact of COVID-19, such as reduced
services operations, reduced revenues, or inability to pay employees.
3. Have been in operation a minimum of six months prior to S tay at Home orders being
issued on March 31, 2020.
4. Good financial standing prior to COVID-19.
5. Funds may not be used for Taxes currently due, Taxes past due, permits or city fees.
6. Home-based businesses and non-profit businesses are not eligible.
7. Limit one Grant per applicant (only one grant per business shall be awarded).
8. Businesses which did not receive assistance from the Small Business Administration,
CARES act, PPP or other grant program. If the applicant DID receive a loan or grant but
has determined that the awarded amount was not enough due to the longevity of
restriction to re-open, a grant may be requested. Documentation must be provided
which supports the amount of money received from the program.
9. Grant provides financial assistance and utilized by the business for one or more of the
following:
o Payroll for employees still employed and working at the business
o Utility payments
Page 2 of 5
o Business lease or mortgage payments
o Critical business needs as approved by the Grant oversight committee
SUBMITTAL PROCEDURES & APPLICATION INFORMATION
Applicant must follow the procedures outlined below:
1. All business submittals shall include a Balance Sheet, Profit & Loss Statement and proof
of Federal Tax ID. All documents shall be held in confidence with regards to the State
regulations as required for Type B projects formed under the authority granted in Chapter
505 of the Texas Local Government Code to promote business development. In accordance
with Section 552 of the Texas Government Code (Public Information Act), information and
documents related to this application may be subject to disclosure.
2. Maximum funding is limited to an amount to not exceed two thousand dollars ($2,000)
per business; only one grant shall be awarded per business. All submittals are on a first
come, first serve basis and considered until all funds have been depleted. Allocations for
the Program have been limited to twenty-five thousand dollars ($25,000) in total grants.
3. The Application, upon approval of a Grant by the committee, shall serve as a Performance
Agreement between the Applicant and the Board, on behalf of the City.
4. All decisions are final and approved grants will be funded in accordance with state law.
5. Once a business has been awarded funding, the business owner must provide necessary
documentation of all invoices and proof of payment expenses before funds will be
received. Money orders, cancelled checks and credit card receipts from the business
account are the only acceptable proofs of payment. Cash payments and trade of
services/products are not an acceptable proof of payment.
6. The Sanger Texas Development Corporation has the right to terminate this agreement if:
1) a participant violates any conditions set forth in these approved guidelines; or, 2)
Applicant falsified information in application 3) Applicant changes the use of grant funds
listed in application.
7. Please hand deliver your package in a sealed envelope to the Director of Economic
Development.
Page 3 of 5
1. General Information
Legal Name of Business(s):
Physical Address:
Business Owner(s):
Contact Phone: E-Mail:
Total Amount Request $ ($2,000 maximum – amount based on need)
2. Business Information
Are you the owner-operator of the business submitting this application? Y N
Number of Years in Business: Number of Years at current location:
Does the business have any liens, violations, pending legal action or bankruptcies affiliated with
it? Y N
If yes, please explain:
Physical presence in City: Y N Less than 25 FTE employees in Sanger: Y N
Reduced hours of operation: Y N Employee Reductions: Y N
Number of Full-Time Employees: Feb-2020 March-2020 Apr-2020
May-2020 June-2020 July-2020
Number of Part-Time Employees: Feb-2020 March-2020 Apr-2020
May-2020 June-2020 July-2020
Estimate Revenue then (07/2019) $ Estimated Expenses then (07/2019) $
Estimate Revenue now (07/2020) $ Estimated Expenses then (07/2020) $
3. Operational Expenses
Average Monthly Revenue: Average Monthly Expenses:
Compare Current estimated income ending on 07/31/2020 with your actual net income from
07/31/2019 (if you are new business, compare last quarter ending on 12/31/2019 to current).
SANGER STRONG BUSINES RELIEF GRANT APPLICATION
Page 4 of 5
Estimated Revenue then (03/2019) $ Estimated Expenses then (07/2019) $
Estimated Revenue now (03/2020) $ Estimated Expenses now (07/2020) $
Estimated financial loss due to COVID-19 $
Describe how COVID-19 mitigation recommendations and/or requirements have impacted your
business:
Describe how these Grant funds will be used to assist your business:
4. Applicant Documentation Checklist
Applications Received Without All Documents will be Returned
Attach Completed Application
Attach Current Balance Sheet ending 07/31/2020
Attach Current Profit/Loss or Revenue/Expense Report 07/31/2020
Attach Last Year Balance Sheet ending 07/31/2019
Attach Last Year Profit/Loss or Revenue/Expense Report 07/31/2019
(if not in business on 07/2019 attach the last quarter reports ending 12/31/2019)
Attach completed W-9 form
5. Commitment
I certify that the information I have given is truthful and accurate to the best of my ability.
Financial information provided has not been manipulate to exaggerate the financial duress of this
business. I understand that the information submitted in this applicant will be shared with a
committee, comprised of individuals that will determine the allocation of funding to applicants.
I understand that the decision to whom the money will be granted is at the sole discretion of the
funding committee. I understand that if my organization is selected to receive funding, the Sanger
Strong Business Grant will have a check ready as soon as possible.
Signature Date
Page 5 of 5
(OFFICE USE) RECEIVED DATE: COMMITTEE REVIEW DATE:
APPROVAL: Y N PAYMENT SUBMITTAL DATE: BY:
Please hand deliver your package in a sealed envelope to:
ATTN: Sanger Economic Development Director, Shani Bradshaw
201 Bolivar Street, Texas 76266
Via email to sbradshaw@sangertexas.org
If you have any questions, please contact 940-458-2059.
4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 5.
AGENDA MEETING DATE: July 28, 2020
TO: Shani Bradshaw, 4B
FROM: Shani Bradshaw, Director of Economic Development
ITEM/CAPTION:
Budget Transfer for Grant Program
Discuss, Consider and Possibly Act on Transferring $25,000 from Community Projects to the Sanger Strong Business
Relief Grant Program.
AGENDA TYPE: Regular
ACTION REQUESTED: Approval
BACKGROUND:
Community Projects currently has $50,000 dedicated for future grant projects. $25,000 will be transferred to a sub
account titled Sanger Strong Business Relief Grant Program, which will be used to assist small businesses affected by
COVID19.
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
$25,000 will be transferred from Community Projects into a subaccount called Sanger Strong Business Relief Grant
Program.
FUNDS:
$25,000
STAFF RECOMMENDATION/ACTION DESIRED:
APPROVE transferring $25,000 from Community Grants to the Sanger Strong Business Relief Grant Program.
4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 6.
AGENDA MEETING DATE: July 28, 2020
TO: Shani Bradshaw, 4B
FROM: Shani Bradshaw, Director of Economic Development
ITEM/CAPTION:
Budget Transfer for Legal Expenses
Discuss, Consider and Possibly Act on Transferring $500 from Community Project to Legal Expenses.
AGENDA TYPE: Regular
ACTION REQUESTED: Approval
BACKGROUND:
Transfer $500 from Community Projects to Legal Expenses that will be used for the Sanger Strong Business Relief
Grant program.
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
NA
FUNDS:
$600
STAFF RECOMMENDATION/ACTION DESIRED:
APPROVE the transfer of $500 from Community Projects to Legal Expenses.
4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 7.
AGENDA MEETING DATE: July 28, 2020
TO: Shani Bradshaw, 4B
FROM: Shani Bradshaw, Director of Economic Development
ITEM/CAPTION:
Fiscal Year 20202021 Budget
Discuss, Consider and Possibly Act on the Fiscal Year 20202021 Budget.
AGENDA TYPE: Regular
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 Fiscal year 20202021 Budget.
ATTACHMENTS:
Description Upload Date Type
4B Budget 20202021 7/23/2020 Cover Memo
7-07-2020 01:39 PM CITY OF SANGER PAGE: 1
BUDGET LISTING
AS OF: JUNE 30TH, 2020
42 -4B CORPORATION
REVENUES BUDGET
_____________________________________________________________________________
TAXES
00-4325 STATE SALES TAX 462,500
TOTAL TAXES 462,500
INTEREST
00-4800 INTEREST INCOME 5,000
TOTAL INTEREST 5,000
_____________________________________________________________________________
TOTAL REVENUES 467,500
7-07-2020 01:39 PM CITY OF SANGER PAGE: 2
BUDGET LISTING
AS OF: JUNE 30TH, 2020
42 -4B CORPORATION
74-TRANSFERS
DEPARTMENTAL EXPENDITURES BUDGET
_____________________________________________________________________________
74-TRANSFERS ___________
_____________________________________________________________________________
7-07-2020 01:39 PM CITY OF SANGER PAGE: 3
BUDGET LISTING
AS OF: JUNE 30TH, 2020
42 -4B CORPORATION
76-4B FUND
DEPARTMENTAL EXPENDITURES BUDGET
_____________________________________________________________________________
52-SUPPLIES AND MATERIALS
76-5210 OFFICE SUPPLIES 400
76-5226 MARKETING & PROMOTION 10,000
76-5235 DUES & SUBSCRIPTIONS 600
76-5240 CONFERENCES & TRAINING 800
76-5280 COMPUTER SUPPLIES 250
TOTAL 52-SUPPLIES AND MATERIALS 12,050
53-MAINTENANCE AND OPERAT
76-5332 OFFICE MACHINE LEASE 600
TOTAL 53-MAINTENANCE AND OPERAT 600
54-CONTRACT SERVICES
76-5425 LEGAL EXPENSE 1,000
76-5430 PROFESSIONAL SERVICE 10,000
76-5450 TECHNICAL SUPPORT 500
76-5451 ANNUAL SOFTWARE SUPPORT 875
TOTAL 54-CONTRACT SERVICES 12,375
61-CAPITAL OUTLAY
76-6116 COMMUNITY PROJECTS 50,000
TOTAL 61-CAPITAL OUTLAY 50,000
65-CAPITAL PROJECTS ___________
70-DEBT PAYMENTS ___________
74-TRANSFERS
76-7403 TRANSFER TO DEBT SERVICE FUND 212,500
76-7441 TRANSFER TO 4A 25,000
TOTAL 74-TRANSFERS 237,500
_____________________________________________________________________________
TOTAL 76-4B FUND 312,525
7-07-2020 01:39 PM CITY OF SANGER PAGE: 4
BUDGET LISTING
AS OF: JUNE 30TH, 2020
42 -4B CORPORATION
OTHER FINANCING SOURCES & USES BUDGET
_____________________________________________________________________________
TOTAL EXPENDITURES 312,525
REVENUES OVER/(UNDER) EXPENDITURES 154,975
4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 8.
AGENDA MEETING DATE: July 28, 2020
TO: Shani Bradshaw, 4B
FROM:
ITEM/CAPTION:
Financial Reports
AGENDA TYPE: Work Session
ACTION REQUESTED:
BACKGROUND:
Sales tax revenue collected in June for sales tax in April were $50,482. Sales tax totals for FY 1920 are $394,647 as
compared to $324,071 for the same period last FY.
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 June 30, 2020 7/23/2020 Cover Memo
Financial Report 7/23/2020 Cover Memo
4B ECONOMIC DEVELOPMENT BOARD AGENDA MEMOAGENDA ITEM NO. 8.AGENDA MEETING DATE: July 28, 2020TO: Shani Bradshaw, 4BFROM: ITEM/CAPTION:Financial ReportsAGENDA TYPE: Work SessionACTION REQUESTED: BACKGROUND:Sales tax revenue collected in June for sales tax in April were $50,482. Sales tax totals for FY 1920 are $394,647 ascompared to $324,071 for the same period last FY. LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:NAFINANCIAL SUMMARY FUNDING/FISCAL IMPACT:NAFUNDS:NASTAFF RECOMMENDATION/ACTION DESIRED:NAATTACHMENTS:Description Upload Date Type
Monthly Sales Tax Report June 30, 2020 7/23/2020 Cover Memo
Financial Report 7/23/2020 Cover Memo
Balance Sheet June 30, 2020 7/23/2020 Cover Memo
Revenue Expense Report June 30, 2020 7/23/2020 Cover Memo
Trial Balance Report June 30, 2020 7/23/2020 Cover Memo
Month 2015 Total 2016 Total 2017 Total 2018 Total 2019 Total 2020 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
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
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
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
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
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
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
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
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
AUG 35,487 353,373 37,628 359,436 42,725 397,155 39,661 397,820 42,598 403,646
SEP 33,366 386,739 31,646 391,082 38,361 435,516 38,280 436,100 38,860 442,506
TOTAL 386,739 386,739 391,082 391,082 435,516 435,516 436,100 436,100 442,506 442,506 394,647 394,647
BUDGET 320,000 66,739 362,500 28,582 362,500 73,016 385,000 51,100 385,000 57,506 385,000 9,647
Actual Actual %Actual Actual %
2019 2020 Change 2019 2020 Change
36,456 50,482 38.5%324,071 394,647 21.8%
Year to Date
4A & 4B SALES TAX REVENUE REPORT
JuneSales Tax Collection
386,739
391,082
435,516 436,100
442,506
394,647
350,000
360,000
370,000
380,000
390,000
400,000
410,000
420,000
430,000
440,000
450,000
2015 2016 2017 2018 2019 2020
TOTAL REVENUE 2015-2020
Percent
Budget Actual of Budget
Revenue
Sales Tax 385,000 394,648 103%
Interest Income 1,000 4,003 400%
Total Revenue 386,000 398,651 103%
Expenditures
Transfer to 4A 25,000 25,000 100%
Transfer to Debt Service Fund 212,500 212,500 100%
Community Projects 50,000 - 0%
Special Projects - Comprehensive Plan 40,000 493 1%
Total Expenditures 327,500 237,993 73%
Revenues Over Expenditures 58,500 160,658
Cash in Bank - Checking 193,574
Certificate of Deposit 283,253
Claim on Cash 901,402
Total Cash 1,378,228
June 30,2020
Fund 4B
Sanger Texas Development Corporation
7-20-2020 11:32 AM CITY OF SANGER PAGE: 1
BALANCE SHEET
AS OF: JUNE 30TH, 2020
42 -4B CORPORATION
ACCOUNT # ACCOUNT DESCRIPTION BALANCE
_____________________________________________________________________________________________
ASSETS
======
42-00-1000 CLAIM ON CASH 901,401.53
42-00-1010 CKG - 4B CASH (2379694) 193,573.78
42-00-1013 CD - 4B #653500 22,085.71
42-00-1014 CD - 4B #659924 21,842.36
42-00-1015 CD - 4B #664243 21,937.90
42-00-1016 CD - 4B #673277 21,880.54
42-00-1017 CD - 4B #686115 21,888.39
42-00-1018 CD - 4B #689521 21,798.03
42-00-1019 CD - 4B #694371 21,871.79
42-00-1020 CD - 4B #697230 21,986.17
42-00-1021 CD - 4B #699934 21,898.84
42-00-1022 CD - 4B #702285 21,699.87
42-00-1023 CD - 4B #706078 21,599.88
42-00-1024 CD - 4B #720097 21,369.51
42-00-1025 CD - 4B #720119 21,394.13
42-00-1153 SALES TAX RECEIVABLE 4,052.29
1,382,280.72
TOTAL ASSETS 1,382,280.72
==============
LIABILITIES
===========
42-00-2900 ENCUMBRANCE ( 39,507.50)
42-00-2910 RESERVE FOR ENCUMBRANCE 39,507.50 ______________
EQUITY
======
42-00-3015 FUND BALANCE - RESTRICTED 1,221,622.57
TOTAL BEGINNING EQUITY 1,221,622.57
TOTAL REVENUE 398,650.65
TOTAL EXPENSES 237,992.50
TOTAL REVENUE OVER/(UNDER) EXPENSES 160,658.15
TOTAL EQUITY & REV. OVER/(UNDER) EXP. 1,382,280.72
TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 1,382,280.72
==============
7-20-2020 11:32 AM CITY OF SANGER PAGE: 1
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: JUNE 30TH, 2020
42 -4B CORPORATION
FINANCIAL SUMMARY % OF YEAR COMPLETED: 75.00
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF
BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
___________________________________________________________________________________________________________________________________
REVENUE SUMMARY
TAXES 385,000.00 50,481.71 0.00 394,647.92 0.00 ( 9,647.92 102.51
INTEREST 1,000.00 426.85 0.00 4,002.73 0.00 ( 3,002.73 400.27
TOTAL REVENUES 386,000.00 50,908.56 0.00 398,650.65 0.00 ( 12,650.65 103.28
EXPENDITURE SUMMARY
74-TRANSFERS 237,500.00 0.00 0.00 237,500.00 0.00 0.00 100.00
76-4B FUND 90,000.00 70.00 0.00 492.50 39,507.50 50,000.00 44.44
___________________________________________________________________________________________________________________________________
TOTAL EXPENDITURES 327,500.00 70.00 0.00 237,992.50 39,507.50 50,000.00 84.73
REVENUE OVER/(UNDER) EXPENDITURES 58,500.00 50,838.56 0.00 160,658.15 ( 39,507.50)( 62,650.65 207.10
7-20-2020 11:32 AM CITY OF SANGER PAGE: 2
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: JUNE 30TH, 2020
42 -4B CORPORATION
FINANCIAL SUMMARY % OF YEAR COMPLETED: 75.00
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 385,000.00 50,481.71 0.00 394,647.92 0.00 ( 9,647.92 102.51
TOTAL TAXES 385,000.00 50,481.71 0.00 394,647.92 0.00 ( 9,647.92 102.51
INTEREST
00-4800 INTEREST INCOME 1,000.00 426.85 0.00 4,002.73 0.00 ( 3,002.73 400.27
TOTAL INTEREST 1,000.00 426.85 0.00 4,002.73 0.00 ( 3,002.73 400.27
___________________________________________________________________________________________________________________________________
TOTAL REVENUES 386,000.00 50,908.56 0.00 398,650.65 0.00 ( 12,650.65 103.28
============== ============ ============ ============= ============ ============ ======
7-20-2020 11:32 AM CITY OF SANGER PAGE: 3
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: JUNE 30TH, 2020
42 -4B CORPORATION
74-TRANSFERS % OF YEAR COMPLETED: 75.00
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
7-20-2020 11:32 AM CITY OF SANGER PAGE: 4
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: JUNE 30TH, 2020
42 -4B CORPORATION
76-4B FUND % OF YEAR COMPLETED: 75.00
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 ______________ ____________ ____________ _____________ ____________ ____________ ______
53-MAINTENANCE AND OPERAT ______________ ____________ ____________ _____________ ____________ ____________ ______
54-CONTRACT SERVICES
76-5455 COMPREHENSIVE PLAN UPDATE 40,000.00 70.00 0.00 492.50 39,507.50 0.00 100.00
TOTAL 54-CONTRACT SERVICES 40,000.00 70.00 0.00 492.50 39,507.50 0.00 100.00
61-CAPITAL OUTLAY
76-6116 COMMUNITY PROJECTS 50,000.00 0.00 0.00 0.00 0.00 50,000.00 0.00
TOTAL 61-CAPITAL OUTLAY 50,000.00 0.00 0.00 0.00 0.00 50,000.00 0.00
65-CAPITAL PROJECTS ______________ ____________ ____________ _____________ ____________ ____________ ______
70-DEBT PAYMENTS ______________ ____________ ____________ _____________ ____________ ____________ ______
74-TRANSFERS ______________ ____________ ____________ _____________ ____________ ____________ ______
___________________________________________________________________________________________________________________________________
TOTAL 76-4B FUND 90,000.00 70.00 0.00 492.50 39,507.50 50,000.00 44.44
TOTAL EXPENDITURES 327,500.00 70.00 0.00 237,992.50 39,507.50 50,000.00 84.73
============== ============ ============ ============= ============ ============ ======
** REVENUE OVER(UNDER) EXPENDITURES ** 58,500.00 50,838.56 0.00 160,658.15 ( 39,507.50)( 62,650.65 207.10
7-20-2020 11:31 AM CITY OF SANGER PAGE: 1
BASE TRIAL BALANCE
AS OF: JUNE 30TH, 2020
42 -4B CORPORATION
*** MONTH TO DATE *** *** YEAR TO DATE ***
ACCT# ACCOUNT NAME DEBITS CREDITS DEBITS CREDITS
______________________________________________________________________________________________________________________
ASSETS
======
42-00-1000 CLAIM ON CASH 50,411.71 901,401.53
42-00-1010 CKG - 4B CASH (2379694) 269.35 193,573.78
42-00-1013 CD - 4B #653500 2.81 22,085.71
42-00-1014 CD - 4B #659924 2.78 21,842.36
42-00-1015 CD - 4B #664243 13.92 21,937.90
42-00-1016 CD - 4B #673277 13.89 21,880.54
42-00-1017 CD - 4B #686115 13.89 21,888.39
42-00-1018 CD - 4B #689521 13.84 21,798.03
42-00-1019 CD - 4B #694371 13.88 21,871.79
42-00-1020 CD - 4B #697230 13.96 21,986.17
42-00-1021 CD - 4B #699934 13.90 21,898.84
42-00-1022 CD - 4B #702285 13.78 21,699.87
42-00-1023 CD - 4B #706078 13.71 21,599.88
42-00-1024 CD - 4B #720097 13.56 21,369.51
42-00-1025 CD - 4B #720119 13.58 21,394.13
42-00-1153 SALES TAX RECEIVABLE 0.00 4,052.29 ______________
TOTAL ASSETS 50,838.56 0.00 1,382,280.72 0.00
============== ============== ============== ==============
LIABILITIES
===========
42-00-2900 ENCUMBRANCE 39,507.50 39,507.50
42-00-2910 RESERVE FOR ENCUMBRANCE 39,507.50 39,507.50
TOTAL LIABILITIES 39,507.50 39,507.50 39,507.50 39,507.50
============== ============== ============== ==============
FUND BALANCE
============
42-00-3015 FUND BALANCE - RESTRICTED 0.00 1,221,622.57
TOTAL EQUITY/FUND BALANCE 0.00 0.00 0.00 1,221,622.57
============== ============== ============== ==============
REVENUES
========
42-00-4325 STATE SALES TAX 50,481.71 394,647.92
42-00-4800 INTEREST INCOME 426.85 4,002.73
TOTAL REVENUES 0.00 50,908.56 0.00 398,650.65
============== ============== ============== ==============
EXPENDITURES
============
42-74-7403 TRANSFER TO DSF 0.00 212,500.00
42-74-7441 TRANSFER TO 4A (ADMIN) 0.00 25,000.00
42-76-5455 COMPREHENSIVE PLAN UPDATE 70.00 492.50 ______________
TOTAL EXPENDITURES 70.00 0.00 237,992.50 0.00
============== ============== ============== ==============
7-20-2020 11:31 AM CITY OF SANGER PAGE: 2
BASE TRIAL BALANCE
AS OF: JUNE 30TH, 2020
42 -4B CORPORATION
*** MONTH TO DATE *** *** YEAR TO DATE ***
ACCT# ACCOUNT NAME DEBITS CREDITS DEBITS CREDITS
______________________________________________________________________________________________________________________
EXPENDITURES (CONT)
====================
______________________________________________________________________________________________________________________
*** TOTALS BALANCE *** 90,416.06 90,416.06 1,659,780.72 1,659,780.72
============== ============== ============== ==============
*** END OF REPORT ***