04/02/2019-4A-Agenda Packet-RegularBANGER
*'TEXAS
AGENDA
4A SANGER INDUSTRIAL DEVELOPMENT CORPORATION
TUESDAY, April 2, 2019
201 Bolivar Street
SANGER, TX 76266
1:00PM
1. Call Meeting to Order.
2. Executive Session: Closed Meeting.
Pursuant to the Open Meetings Act, Chapter 551, the Sanger Industrial Development Corporation Board
Will Meet in a Closed Executive Session in Accordance with the Texas Government Code:
Section 551.072 — Deliberations Regarding Real Property (103 Bolivar St.).
3. Reconvene: Open Meeting.
Any Action Taken.
4. Election of Officers.
5. Consider and Act on Adding Shani Bradshaw, Director of Economic Development, as a Registered Agent
for the 4A Sanger Industrial Development Corporation.
6. Approval of the 4A Minutes for the October 23, 2018 Meeting.
7. Review Financials.
8. Input From Citizens.
9. Adjourn. '
Cheryl °ce, City Secretary
rY tY �
City of Sanger, Texas
Date & Time Posted
This facility is wheelchair accessible and accessible parking spaces are available. Requests for
accommodations or interpretative services must be made 48 hours prior to this meeting. Please contact
Economic Development at (940) 458-9096 for further information.
BANGER
*TEXAS
MINUTES: 4A Sanger Industrial Development Corporation
OCTOBER 23RD, 2018
MEMBERS
PRESENT: Fred Yeatts, Victor Gann, Don Gillum
MEMBERS
ABSENT: Dennis Dillon, Elizabeth Springer
OTHERS
PRESENT: Director of Economic and Community Development Shani Bradshaw, City
Manager Alina Ciocan
1. Call Meeting to Order.
1:00 P.M.
2. Election of Officers.
Motion Made by Commissioner Yeatts to table the election. Seconded by Commissioner
Gann. Motion passes unanimously.
3. Approval of the 4A Minutes for the October 2, 2018 Meeting.
Motion Made by Commissioner Yeatts to accept minutes. Seconded by Commissioner
Gann. Motion passes unanimously.
4. Discuss, consider and act on a request for a city -initiated zoning change of the Sanger
Industrial Addition, Being 3.89 Acres of Land in the Reuben Bebee Survey, Abstract
No. 29, Lot 3, Generally Located on the East Side of N. 2" a Street and North of Bolivar
Street, from Heavy Industrial District (I-2) to a Light Industrial District (I-1).
Shani introduces Ramie Hammonds and Muzaib Riaz. She explains to the board that she
had a meeting with The City Manager, Alina Ciocan, regarding the zoning change. The
zoning is being changed from Heavy Industrial I-2 to I-1. Shani says they feel that Heavy
Industrial is not appropriate for the downtown area. Ramie gives an example of "If a tire
retreading plant wanted to come in, it would be zoned for it to be in the downtown area."
The board speaks briefly about the zoning changes. Shani shows the board what I-1 and I-2
permit uses are in those zoning areas.
Motion to change the zoning made by Commissioner Yeatts. Seconded by Commissioner
Gann. Motion passes unanimously.
5. Discuss, consider and act on a request for a city -initiated zoning change of the Sanger
Industrial Addition, Being 0.60 Acres of Land in the Reuben Bebee Survey, Abstract
No. 29, Lot 2, Generally Located on the East Side of N. 2nd Street and North of
Bolivar Street, from Light Industrial District (I-1) to a Central Business (B-3).
Shani explains briefly about changing to a B-3 zoning. She states that the downtown
historical area is mostly B-3 and it would fit in with the existing zoning.
Motion made to change zoning by Commissioner Gann, seconded by Commissioner Yeatts.
Motion passes unanimously.
6. Citizen Comments:
This is an opportunity for citizens to address the Board concerning an issue of
community interest that is not on the agenda. Comments on a specific agenda item must
be made when the agenda items comes before the Board. The President may place a time
limit on all comments. Any deliberation of an issue raised during Citizen Comments is
limited to a proposal to place it on the agenda for a later meeting.
No Citizens
7. Adjourn.
1:10 P.M.
Sanger Texas Industrial Development Corporation
Fund 4A
February 28, 2019
Percent
Budget
Actual
of Budget
Revenue
Sales Tax
385,000
179,068
47%
Interest Income
1,750
2,247
128%
AEP Energy Partners
10,000
Transfer from 4B
25,000
-
0%
Total Revenue
411,750
191,315
46%
Expenditures
Salaries & Benefits
129,576
39,823
31%
Supplies & Materials
17,600
7,211
41%
Maintenance & Operations
5,880
391
7%
Contract Services
48,250
525
1%
Utilities
2,100
-
0%
Capital Outlay
$0
$0
Debt Service
61,267
25,528
42%
Total Expenditures
264,673
73,478
28%
Revenues Over Expenditures
147,077
117,837
Cash in Bank - First United
337,379
Cash in Bank - Prosperity
356,822
Money Market
473,373
Certificate of Deposit
95,010
Total Cash
1.262.584
3-20-2019 07:59 AM CITY OF SANGER PAGE: 1
BALANCE SHEET
AS OF: FEBRUARY 28TH, 2019
41 -4A CORPORATION
ACCOUNT # ACCOUNT DESCRIPTION
BALANCE
ASSETS
41-00-1000
CLAIM ON CASH
337,378.76
41-00-1010
CKG-4A CASH (PROSP 90020693)
356,821.63
41-00-1012
MM-4A INV (PROSP 902551273)
473,373.43
41-00-1013
CD - #486639
95,009.58
41-00-1079
ACCUMULATED DEPRECIATION
( 304,440.00)
41-00-1153
SALES TAX RECEIVABLE
35,424.95
41-00-1400
CAPITAL ASSETS
1,121,747.00
TOTAL ASSETS
LIABILITIES
41-00-2000
ACCOUNTS PAYABLE CONTROL
3,896.95
41-00-2403
ACCRUED WAGES PAYABLE
1,552.65
41-00-2500
NOTE PAYABLE
352,814.00
41-00-2900
Encumbrances
( 1,650.00)
41-00-2910
Reserve for Encumbrance
1,650.00
TOTAL
LIABILITIES
EQUITY
41-00-3015
FUND BALANCE - RESTRICTED
1,639,215.08
TOTAL BEGINNING EQUITY
1,639,215.08
2,115,315.35
358,263.60
2,115,315.35
TOTAL REVENUE 191,314.91
TOTAL EXPENSES 73,478.24
TOTAL REVENUE OVER/(UNDER) EXPENSES 117,836.67
TOTAL EQUITY & REV. OVER/(UNDER) EXP. 1,757,051.75
TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 2,115,315.35
3-20-2019 07:59 AM CITY OF SANGER
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: FEBRUARY 28TH, 2019
41 -4A CORPORATION
FINANCIAL SUMMARY
CURRENT CURRENT PRIOR YEAR
BUDGET PERIOD PO ADJUST.
PAGE: 1
OF YEAR COMPLETED: 41.67
Y-T-D Y-T-D BUDGET % OF
ACTUAL ENCUMBRANCE BALANCE BUDGET
REVENUE SUMMARY
TAXES
385,000.00
36,966.30
0.00
179,068.04
0.00
205,931.96
46.51
GRANTS
0.00
0.00
0.00
10,000.00
0.00 (
10,000.00
0.00
INTEREST
1,750.00
542.10
0.00
2,246.87
0.00 (
496.87
128.39
TRANSFERS
25,000.00
0.00
0.00
0.00
0.00
25,000.00
0.00
TOTAL REVENUES
411,750.00
37,508.40
0.00
191,314.91
0.00
220,435.09
46.46
EXPENDITURE SUMMARY
46-ECONOMIC DEVELOPMENT
264,673.00
15,598.09
0.00
73,478.24
0.00
191,194.76
27.76
TOTAL EXPENDITURES
264,673.00
15,598.09
0.00
73,478.24
0.00
191,194.76
27.76
REVENUE OVER/(UNDER) EXPENDITURES
147,077.00
21,910.31
0.00
117,836.67
0.00
29,240.33
80.12
3-20-2019 07:59 AM
41 -4A CORPORATION
FINANCIAL SUMMARY
REVENUES
REVENUE
AS
CURRENT
BUDGET
CITY OF SANGER
& EXPENSE REPORT (UNAUDITED)
OF: FEBRUARY 28TH, 2019
CURRENT PRIOR YEAR
PERIOD PO ADJUST.
Y-T-D
ACTUAL
% OF
Y-T-D
ENCUMBRANCE
YEAR
PAGE:
COMPLETED:
BUDGET
BALANCE
2
41.67
% OF
BUDGET
TAXES
00-4325 STATE SALES TAX
385,000.00
36,966.30
0.00
179,068.04
0.00
205,931.96
46.51
TOTAL TAXES
385,000.00
36,966.30
0.00
179,068.04
0.00
205,931.96
46.51
GRANTS
00-4446 Grant Revenue
0.00
0.00
0.00
10,000.00
0.00
(
10,000.00
0.00
TOTAL GRANTS
0.00
0.00
0.00
10,000.00
0.00
(
10,000.00
0.00
INTEREST
00-4800 INTEREST INCOME
1,750.00
542.10
0.00
2,246.87
0.00
(
496.87
128.39
TOTAL INTEREST
1,750.00
542.10
0.00
2,246.87
0.00
(
496.87
128.39
RENTAL INCOME
TRANSFERS
00-4986 Transfer from 4B
25,000.00
0.00
0.00
0.00
0.00
25,000.00
0.00
TOTAL TRANSFERS
25,000.00
0.00
0.00
0.00
0.00
25,000.00
0.00
TOTAL REVENUES
411,750.00
37,508.40
0.00
191,314.91
0.00
220,435.09
46.46
3-20-2019 07:59 AM
41 -4A CORPORATION
46-ECONOMIC DEVELOPMENT
DEPARTMENTAL EXPENDITURES
51-SALARIES AND BENEFITS
46-5110 REGULAR SALARIES
46-5111 MERIT INCREASE
46-5125 LONGEVITY PAY
46-5128 AUTO ALLOWANCE
46-5129 CELL PHONE ALLOWANCE
46-5130 FICA
46-5140 RETIREMENT
46-5150 HEALTH INSURANCE
46-5160 WORKER'S COMPENSATION
46-5170 T W C
TOTAL 51-SALARIES AND BENEFITS
52-SUPPLIES AND MATERIALS
46-5210 OFFICE SUPPLIES
46-5215 FOOD
46-5226 MARKETING & PROMOTION
46-5235 DUES & SUBSCRIPTIONS
46-5240 CONFERENCES AND TRAINING
46-5280 COMPUTERS, PRINTERS, ETC
TOTAL 52-SUPPLIES AND MATERIALS
53-MAINTENANCE AND OPERAT
46-5310 R & M BUILDING
46-5332 OFFICE MACHINE LEASE
TOTAL 53-MAINTENANCE AND OPERAT
54-CONTRACT SERVICES
46-5430 PROFESSIONAL SERVICE
46-5450 TECHNICAL SUPPORT
46-5451 ANNUAL SOFTWARE SUPPORT
TOTAL 54-CONTRACT SERVICES
55-UTILITIES
46-5515 ELECTRIC
46-5516 GAS SERVICE
TOTAL 55-UTILITIES
56-GRANT EXPENSES
CITY OF SANGER PAGE: 3
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: FEBRUARY 28TH, 2019
OF YEAR COMPLETED: 41.67
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF
BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
94,779.00
5,769.22
0.00
28,846.10
0.00
65,932.90
30.44
3,318.00
0.00
0.00
0.00
0.00
3,318.00
0.00
48.00
0.00
0.00
12.00
0.00
36.00
25.00
6,000.00
500.00
0.00
2,500.00
0.00
3,500.00
41.67
600.00
50.00
0.00
250.00
0.00
350.00
41.67
8,024.00
468.40
0.00
2,344.31
0.00
5,679.69
29.22
8,413.00
517.15
0.00
2,527.30
0.00
5,885.70
30.04
7,800.00
652.74
0.00
3,263.70
0.00
4,536.30
41.84
504.00
0.00
0.00
13.77
0.00
490.23
2.73
90.00 (
33.98)
0.00
65.86
0.00
24.14
73.18
129,576.00
7,923.53
0.00
39,823.04
0.00
89,752.96
30.73
800.00
0.00
0.00
353.21
0.00
446.79
44.15
300.00
0.00
0.00
0.00
0.00
300.00
0.00
10,000.00
2,500.00
0.00
5,373.85
0.00
4,626.15
53.74
2,000.00
0.00
0.00
629.00
0.00
1,371.00
31.45
4,000.00
0.00
0.00
855.00
0.00
3,145.00
21.38
500.00
0.00
0.00
0.00
0.00
500.00
0.00
17,600.00
2,500.00
0.00
7,211.06
0.00
10,388.94
40.97
5,000.00
0.00
0.00
0.00
0.00
5,000.00
0.00
880.00
69.00
0.00
391.34
0.00
488.66
44.47
5,880.00
69.00
0.00
391.34
0.00
5,488.66
6.66
45,000.00
0.00
0.00
525.00
0.00
44,475.00
1.17
1,500.00
0.00
0.00
0.00
0.00
1,500.00
0.00
1,750.00
0.00
0.00
0.00
0.00
1,750.00
0.00
48,250.00
0.00
0.00
525.00
0.00
47,725.00
1.09
1,750.00
0.00
0.00
0.00
0.00
1,750.00
0.00
350.00
0.00
0.00
0.00
0.00
350.00
0.00
2,100.00
0.00
0.00
0.00
0.00
2,100.00
0.00
3-20-2019 07:59 AM
41 -4A CORPORATION
46-ECONOMIC DEVELOPMENT
DEPARTMENTAL EXPENDITURES
CITY OF SANGER
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: FEBRUARY 28TH, 2019
CURRENT CURRENT PRIOR YEAR
BUDGET PERIOD PO ADJUST.
PAGE: 4
OF YEAR COMPLETED: 41.67
Y-T-D Y-T-D BUDGET % OF
ACTUAL ENCUMBRANCE BALANCE BUDGET
60-CAPITAL OUTLAY < $5K
61-CAPITAL OUTLAY
71-DEPRECIATION
70-DEBT PAYMENTS
46-7007 NOTE PAYMENTS - WAREHOUSE
48,176.00
3,944.79
0.00 19,650.11
0.00 28,525.89 40.79
46-7099 INTEREST EXPENSE
13,091.00
1,160.77
0.00 5,877.69
0.00 7,213.31 44.90
TOTAL 70-DEBT PAYMENTS
61,267.00
5,105.56
0.00 25,527.80
0.00 35,739.20 41.67
TOTAL 46-ECONOMIC DEVELOPMENT 264,673.00 15,598.09 0.00 73,478.24 0.00 191,194.76 27.76
3-20-2019 07:59 AM CITY OF SANGER PAGE: 5
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: FEBRUARY 28TH, 2019
41 -4A CORPORATION
74-TRANSFERS
DEPARTMENTAL EXPENDITURES
CURRENT CURRENT PRIOR YEAR Y-T-D
BUDGET PERIOD PO ADJUST. ACTUAL
OF YEAR COMPLETED: 41.67
Y-T-D BUDGET % OF
ENCUMBRANCE BALANCE BUDGET
74-TRANSFERS
TOTAL EXPENDITURES 264,673.00 15,598.09 0.00 73,478.24 0.00 191,194.76 27.76
--------------------------------------------------------------------------- ------
--------------------------------------------------------------------------- ------
°'' REVENUE OVER(UNDER) EXPENDITURES ''"'` 147,077.00 21,910.31 0.00 117,836.67 0.00 29,240.33 80.12
3-20-2019
07:57 AM
CITY OF
SANGER
PAGE: 1
BASE TRIAL
BALANCE
AS OF: FEBRUARY
28TH, 2019
41
-4A
CORPORATION
MONTH TO
DATE
YEAR TO
DATE
ACCT# ACCOUNT NAME
DEBITS
CREDITS
DEBITS
CREDITS
ASSETS
41-00-1000
CLAIM ON CASH
28,651.70
337,378.76
41-00-1010
CKG-4A CASH (PROSP 90020693)
5,078.13
356,821.63
41-00-1012
MM-4A INV (PROSP 902551273)
470.31
473,373.43
41-00-1013
CD - #486639
44.36
95,009.58
41-00-1079
ACCUMULATED DEPRECIATION
0.00
304,440.00
41-00-1153
SALES TAX RECEIVABLE
0.00
35,424.95
41-00-1400
CAPITAL ASSETS
0.00
1,121,747.00
TOTAL ASSETS
29,166.37
----------------------------
----------------------------
5,078.13
2,419,755.35
----------------------------
----------------------------
304,440.00
LIABILITIES
41-00-2000
ACCOUNTS PAYABLE CONTROL
2,177.93
3,896.95
41-00-2403
ACCRUED WAGES PAYABLE
0.00
1,552.65
41-00-2500
NOTE PAYABLE
0.00
352,814.00
41-00-2900
Encumbrances
0.00
1,650.00
41-00-2910
Reserve for Encumbrance
0.00
1,650.00
TOTAL LIABILITIES
0.00
----------------------------
----------------------------
2,177.93
1,650.00
----------------------------
----------------------------
359,913.60
FUND BALANCE
41-00-3015
FUND BALANCE - RESTRICTED
0.00
1,639,215.08
TOTAL EQUITY/FUND BALANCE
0.00
0.00
0.00
1,639,215.08
REVENUES
41-00-4325
STATE SALES TAX
36,966.30
179,068.04
41-00-4446
Grant Revenue
0.00
10,000.00
41-00-4800
INTEREST INCOME
542.10
2,246.87
TOTAL REVENUES
0.00
----------------------------
----------------------------
37,508.40
0.00
----------------------------
----------------------------
191,314.91
EXPENDITURES
41-46-5110
REGULAR SALARIES
5,769.22
28,846.10
41-46-5125
LONGEVITY PAY
0.00
12.00
41-46-5128
AUTO ALLOWANCE
500.00
2,500.00
41-46-5129
CELL PHONE ALLOWANCE
50.00
250.00
41-46-5130
FICA
468.40
2,344.31
41-46-5140
RETIREMENT
517.15
2,527.30
41-46-5150
HEALTH INSURANCE
652.74
3,263.70
41-46-5160
WORKER'S COMPENSATION
0.00
13.77
41-46-5170
T W C
33.98
65.86
41-46-5210
OFFICE SUPPLIES
0.00
353.21
3-20-2019
41
-4A
07:57 AM
CORPORATION
ACCT# ACCOUNT NAME
CITY OF SANGER
BASE TRIAL BALANCE
AS OF: FEBRUARY 28TH, 2019
MONTH TO DATE
DEBITS CREDITS
YEAR TO
DEBITS
PAGE: 2
DATE
CREDITS
EXPENDITURES (CONT)
--------------------
--------------------
41-46-5226
MARKETING & PROMOTION
2,500.00
5,373.85
41-46-5235
DUES & SUBSCRIPTIONS
0.00
629.00
41-46-5240
CONFERENCES AND TRAINING
0.00
855.00
41-46-5332
OFFICE MACHINE LEASE
69.00
391.34
41-46-5430
PROFESSIONAL SERVICE
0.00
525.00
41-46-7007
NOTE PAYMENTS - WAREHOUSE
3,944.79
19,650.11
41-46-7099
INTEREST EXPENSE
1,160.77
5,877.69
TOTAL EXPENDITURES
15,632.07
----------------------------
----------------------------
33.98
73,478.24
----------------------------
----------------------------
0.00
TOTALS BALANCE ``'`
44,798.44
----------------------------
----------------------------
44,798.44
2,494,883.59
----------------------------
----------------------------
2,494,883.59
`' END OF REPORT
4A & 4B SALES TAX REVENUE
2013
2014
2015
2016
2017
2018
2019
OCT
23,310
25,572
26,843
29,528
33,532
36,117
35,425
NOV
28,064
28,823
31,897
36,744
36,725
38,951
36,853
DEC
25,854
27,350
28,786
30,055
37,133
32,669
36,420
JAN
24,097
23,812
41,810
28,916
32,386
34,264
33,403
FEB
26,189
27,381
38,909
35,203
42,385
48,966
36,966
MAR
21,635
22,628
29,841
30,091
34,273
32,712
APR
25,163
27,445
29,329
31,321
29,088
28,440
MAY
28,095
37,356
33,641
34,401
42,345
39,427
JUN
28,181
26,167
29,030
32,746
30,853
31,811
JUL
24,929
27,420
27,800
32,803
35,710
34,802
AUG
29,775
29,546
35,487
37,628
42,725
39,661
SEP
29,761
31,256
33,366
31,646
38,361
38,280
TOTAL
315,055
1 334,755
386,739
1 391,082
435,516
436,100
179,068
BUDGET 15U,000 3UU,000 32U,000 3bZ,5UU JbZ,5UU 385,000 385,UU(
M
TOTAL REVENUE 2013-2018
2012
$301,160
2013
$315,055
2014
$334,755
2015
$386,739
2016
$391,082
2017
$435,516
2018
$436,100
2019