01/07/2020-4A-Agenda Packet-RegularAGENDA
4A ECONOMIC DEVELOPMENT BOARD
TUESDAY, JANUARY 7, 2020
1:00 PM
502 ELM STREET
SANGER, TEXAS
1.Call Meeting to Order
2.Approval of Minutes
Approval of the October 15, 2019 4A Board Meeting Minutes.
3.Election of Officers
Consider, Discuss and Possibly Act on Electing New Officer Positions.
4.Sanger Industrial Development Corporation Bylaws
Consider, Discuss and Possibly Act on Passing a Resolution to Amend the Sanger Industrial
Development Corporation Bylaws.
5.Sanger Economic Development Website
Consider and Discuss a New Sanger Economic Development Website.
6.Review Financial Reports
7.Staff Update
1. CityWide Comprehensive Plan
2. ICSC Conference January 910, 2020
3. Marketing Material Flyer View LLC
4. Traffic Count Report EDP Best Practices
5. Industrial Warehouse
6. Business Growth and Development
8.Citizen Comments
9.Adjourn
I, the undersigned authority, do hereby certify that this Notice of Meeting was posted on the
City Website, and on the bulletin board, at the City Hall of the City of Sanger, Texas, a place
convenient and readily accessible to the general public at all times. Said notice was posted on the
following date and time, and remained posted continuously for at least 72 hours prior to the
scheduled time of said meeting and shall remain posted until meeting is adjourned.
AGENDA4A ECONOMIC DEVELOPMENT BOARDTUESDAY, JANUARY 7, 20201:00 PM502 ELM STREETSANGER, TEXAS1.Call Meeting to Order2.Approval of MinutesApproval of the October 15, 2019 4A Board Meeting Minutes.3.Election of OfficersConsider, Discuss and Possibly Act on Electing New Officer Positions.4.Sanger Industrial Development Corporation BylawsConsider, Discuss and Possibly Act on Passing a Resolution to Amend the Sanger IndustrialDevelopment Corporation Bylaws.5.Sanger Economic Development WebsiteConsider and Discuss a New Sanger Economic Development Website.6.Review Financial Reports7.Staff Update1. CityWide Comprehensive Plan 2. ICSC Conference January 910, 20203. Marketing Material Flyer View LLC 4. Traffic Count Report EDP Best Practices5. Industrial Warehouse6. Business Growth and Development8.Citizen Comments9.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 the
scheduled time of said meeting and shall remain posted until meeting is adjourned.
Cheryl 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.
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 2.
AGENDA MEETING DATE: January 7, 2020
TO: Shani Bradshaw, 4B
FROM:
ITEM/CAPTION:
Approval of Minutes
Approval of the October 15, 2019 4A Board Meeting Minutes.
AGENDA TYPE: Consent Agenda
ACTION REQUESTED: Approval
BACKGROUND:
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
NA
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
NA
FUNDS:
NA
STAFF RECOMMENDATION/ACTION DESIRED:
Approval of the October 15, 2019 4A Board Meeting Minutes
ATTACHMENTS:
Description Upload Date Type
October 15, 2019 4A Board Meeting Minutes 12/26/2019 Cover Memo
MINUTES
4A ECONOMIC DEVELOPMENT BOARD
TUESDAY, OCTOBER 15, 2019
1:00 PM
502 ELM STREET
SANGER, TEXAS
COMMISSION MEMBERS PRESENT:
DREW HALL, ELIZABETH SPRINGER, VICTOR GANN
COMMISSION MEMBERS ABSENT:
FRED YEATTS, DON GILLUM
STAFF MEMBERS PRESENT:
Shani Bradshaw, Stefani Dodson
1.Call Meeting to Order
1:00 PM
2.Approval of Minutes
August 13, 2019 4A Board Meeting Minutes
Motion to accept minutes made by Drew Hall. Seconded by Victor Gann. Motion passes
unanimously.
3.Approval of Minutes
July 2, 2019 4A Board Meeting Minutes
Motion to accept minutes made by Drew Hall. Seconded by Victor Gann. Motion passes
unanimously.
4.Sanger Industrial Development Corporation Bylaws
Consider, Discuss and Possibly Act on Passing a Resolution to Amend the 4A Industrial
Development Corporation Bylaws
Victor Gann makes a motion to approve. Seconded by Drew Hall. Motion passes unanimously.
5.Warehouse Update
Shani speaks briefly about Blue Diamond. Elizabeth Springer would like more estimates on fixing
the roof.
Victor Gann asks about selling or demo of the warehouse.
MINUTES4A ECONOMIC DEVELOPMENT BOARDTUESDAY, OCTOBER 15, 20191:00 PM502 ELM STREETSANGER, TEXASCOMMISSION MEMBERS PRESENT:DREW HALL, ELIZABETH SPRINGER, VICTOR GANNCOMMISSION MEMBERS ABSENT:FRED YEATTS, DON GILLUMSTAFF MEMBERS PRESENT:Shani Bradshaw, Stefani Dodson1.Call Meeting to Order1:00 PM2.Approval of MinutesAugust 13, 2019 4A Board Meeting MinutesMotion to accept minutes made by Drew Hall. Seconded by Victor Gann. Motion passesunanimously. 3.Approval of MinutesJuly 2, 2019 4A Board Meeting MinutesMotion to accept minutes made by Drew Hall. Seconded by Victor Gann. Motion passesunanimously. 4.Sanger Industrial Development Corporation BylawsConsider, Discuss and Possibly Act on Passing a Resolution to Amend the 4A IndustrialDevelopment Corporation BylawsVictor Gann makes a motion to approve. Seconded by Drew Hall. Motion passes unanimously.5.Warehouse UpdateShani speaks briefly about Blue Diamond. Elizabeth Springer would like more estimates on fixing
the roof.
Victor Gann asks about selling or demo of the warehouse.
Elizabeth Springer brings up that back in the day there was a ROW that went to FM455. She
would like to know if it is still there.
Shani asks about maybe selling the warehouse to 4B or the City of Sanger. Table any decision until
further time.
6.CityWide Comprehensive Plan Update
Shani gives an update of the Comp Plan. She goes over the RFQ and the due dates for
applications.
7.Review Financial Reports
Shani goes over the financial report with the board
8.Citizen Comments
No Citizens
9.Adjourn
1:50 PM
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 3.
AGENDA MEETING DATE: January 7, 2020
TO: Shani Bradshaw, 4B
FROM:
ITEM/CAPTION:
Election of Officers
Consider, Discuss and Possibly Act on Electing New Officer Positions.
AGENDA TYPE: Regular
ACTION REQUESTED: Approval
BACKGROUND:
The elected officers of the Corporation are elected from the Board of Directors. The officers shall be President and
Vice President. The term of office of the President and Vice President is for a period of one year
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
NA
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
NA
FUNDS:
NA
STAFF RECOMMENDATION/ACTION DESIRED:
Elect officers of the Corporation.
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 4.
AGENDA MEETING DATE: January 7, 2020
TO: Shani Bradshaw, 4B
FROM:
ITEM/CAPTION:
Sanger Industrial Development Corporation Bylaws
Consider, Discuss and Possibly Act on Passing a Resolution to Amend the Sanger Industrial Development Corporation
Bylaws.
AGENDA TYPE: Regular
ACTION REQUESTED: Approval
BACKGROUND:
After presenting the amended Bylaws to the Board of Directors during the October 15, 2019 meeting, it was later
brought to staff's attention that the following amendment should be added to the Bylaws:
Section 4.03 Term of Office
No member of the Board shall serve more than three (3) consecutive two (2) year terms. After one (1) year after
the expiration of a Director's term of office a Director may be reappointed.
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
NA
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
NA
FUNDS:
NA
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMOAGENDA ITEM NO. 4.AGENDA MEETING DATE: January 7, 2020TO: Shani Bradshaw, 4BFROM: ITEM/CAPTION:Sanger Industrial Development Corporation BylawsConsider, Discuss and Possibly Act on Passing a Resolution to Amend the Sanger Industrial Development CorporationBylaws.AGENDA TYPE: RegularACTION REQUESTED: Approval BACKGROUND:After presenting the amended Bylaws to the Board of Directors during the October 15, 2019 meeting, it was laterbrought to staff's attention that the following amendment should be added to the Bylaws:Section 4.03 Term of OfficeNo member of the Board shall serve more than three (3) consecutive two (2) year terms. After one (1) year afterthe expiration of a Director's term of office a Director may be reappointed. LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:NAFINANCIAL SUMMARY FUNDING/FISCAL IMPACT:NAFUNDS:NA
STAFF RECOMMENDATION/ACTION DESIRED:
Staff recommends approval of the amendments to the Sanger Industrial Development Corporation Bylaws as written.
ATTACHMENTS:
Description Upload Date Type
Resolution Approving Amended Bylaws 1/2/2020 Cover Memo
Bylaws (Redline)1/2/2020 Cover Memo
RESOLUTION NO. ________
RESOLUTION APPROVING AMENDED BYLAWS OF THE SANGER
INDUSTRIAL DEVELOPMENT CORPORATION, ALSO KNOWN AS THE
SANGER 4A INDUSTRIAL DEVELOPMENT CORPORATION AND THE SANGER
TYPE A INDUSTRIAL DEVELOPMENT CORPORATION
WHEREAS, in October of 1998, the eligible voters of the City of Sanger,
Texas, approved a ballot proposition authorizing a sales tax and creation of a non-
profit corporation, governed by Section 4A of the Development Corporation Act of
1979, as amended, and now known as the Type A sales tax and corporation,
currently authorized pursuant to Chapter 501 and 504 of the Texas Local
Government Code; and
WHEREAS, the Sanger Industrial Development Corporation was duly
incorporated and the Bylaws approved in conjunction with the original Articles of
Incorporation; and
WHEREAS, the Board of Directors of the Sanger Industrial Development
Corporation has reviewed the bylaws and adopted amended bylaws as attached
hereto as Exhibit A, subject to approval of the City Council.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
SANGER, TEXAS:
Section 1. That the bylaws attached hereto as Exhibit A, and submitted to
this City Council by the Sanger Industrial Development Corporation, also known as
the Sanger Type A Industrial Development Corporation, are hereby approved by
the City Council of the City of Sanger, Texas.
Section 2. This Resolution is effective immediately upon passage and repeals
any prior resolutions, policies or practices inconsistent or in conflict with this
Resolution, subject to the approval and passage of same by the City Council of the
City of Sanger.
APPROVED this day of 2020.
PASSED AND APPROVED this day of 2020.
City Of Sanger, Texas
By:___________
Mayor, Thomas MUIR
Attest:
___________
Cheryl Price, City Secretary
Sanger Texas Industrial Development Corporation Page 1 of 14
BYLAWS OF THE
SANGER TEXAS INDUSTRIAL DEVELOPMENT CORPORATION
A NON-PROFIT CORPORATION
SANGER, TEXAS
SECTION ARTICLE I
OFFICES
Section 1.01 Registered Office and Registered Agent
The Sanger Texas Industrial Development Corporation (“the Corporation)cCorporation shall
have and continuously maintain in the State of Texas a registered office, and a registered agent
whose office is identical with such registered office, as required by the Texas Development
Corporation Act of 1979. The Board of Directors may, from time to time, change the registered
agent and/or the address of the registered office, provided that such change is appropriately
reflected in these Bylaws and in the Articles of Incorporation.that proper notification of such
change is given to the Office of the Secretary of State of Texas.
The registered office of the Corporation is located at 201 Bolivar Street, Sanger, Texas 76266
and itsat such address is the Corporation, whose mailing address is P.O. Box 1729, Sanger, Texas
76266. The Corporation and the registered office of the corporation are located at 201 Bolivar
Street, Sanger, Texas 76266 The registered agent of the corporation at such office shall be the
City Administrator of the City of Sanger
Section 1.02 Principal Office
The principal office of the cCorporation in the State of Texas shall be located in the City of
Sanger, County of Denton, and it may be, but need not be, identical with the registered office of
the cCorporation.
SECTION ARTICLE II
PURPOSES
Section 2.01 Purposes
The cCorporation is incorporated for the purposes set forth in its Articles of Incorporation, by
the City of Sanger, Texasthe same to be accomplished on behalf of the Sanger Industrial
Development Corporation, Texas (the “Corporation”) as it’s duly constituted authority and
instrumentality in accordance with the Development Corporation Act of 1979, Article 5190.6,
Vernon’s Ann. Civ. St., as amended (the “Act”), and other applicable laws, and organized
under Section 4A of the Act. The purposes of the Sanger Industrial Development Corporation
is to promote, assist, and enhance economic development in the City of Sanger in accordance
with the Texas Development Corporation Act of 1979. Any project, as defined by thesuch Act,
Sanger Texas Industrial Development Corporation Page 2 of 14
which shall be undertaken by the cCorporation, may include thein such costs, the maintenance
and operating costs of such project.
ARTICLE III
MEMBERS
Section 3.01 Members
The cCorporation shall have no members or issue any stock.
SECTION ARTICLE IV
BOARD OF DIRECTORS
Section 4.01 Board of Directors
The business and affairs of the cCorporation and all corporate powers shall be exercised by or
under authority of the Board of Directors (the “Board”) of the Corporation, appointed by the
governing body of the City of Sanger Industrial Development Corporation, and subject to
applicable limitations imposed by the Texas Development Corporation Act of 1979, the
Articles of Incorporation, and these Bylaws. The Board may, by contract, resolution, or
otherwise, give general or limited or special power and authority to the officers and employees
of the cCorporation to transact the general business of any special business of the cCorporation,
and may give powers of attorney to agents of the cCorporation to transact any special business
requiring such authorization.
Section 4.02 Number and Qualifications
The authorized number of Directors of this Board shall be five (5). The City Council shall
appoint the Directors of the cCorporation.
Section 4.03 Tenure Term of Office
The term of office for the Directors shall be at the pleasure of the City Council. Directors shall
be removable at any time by a majority vote of a quorum present of the City Council of the
City of Sanger, Texas. Each member of the Board shall serve at the pleasure of the Council for
a term of two (2) years. Places 1, 3, and 5 shall be appointed in odd-numbered years, and
Places 2 and 4 shall be appointed in even-numbered years. Terms shall begin on July 1 of each
year.
No member of the Board shall serve more than three (3) consecutive two (2) year terms. After
one year after the expiration of a Director’s term of office a Director may be re-appointed.
Any dDirector may be removed from this office by the City Council at will without cause. A
vacancy of any dDirector’s position which occurs by reason of death, resignation,
disqualification, removal, or otherwise, shall be filled by the City Council for the remainder of
the current term.
Sanger Texas Industrial Development Corporation Page 3 of 14
Section 4.04 Vacancies
Any vacancy occurring shall be filled by appointment by the vote of a majority of a quorum
present of the City Council of the City of Sanger, Texas.
Section 4.05 Meetings
Regular meetings of the Board shall be held on the fourth Monday in each month at 7:00 P.M.
in the Council Chambers of the City of Sanger, Texas. quarterly starting in October of each
year, ats such place orf places and at such times or times, from time to time, as may be
designated by the Board of Directors and communicated to all Ddirectors by written notice. All
meetings of the Boards shall provide notice thereof as provided and set forth in Chapter 551,
Texas Government Code, the “Texas Open Meetings Act”. Any member of the Board may
request that an item be placed on the agenda by delivering the requestsame in writing to the
Secretary of the Board no later than three (3) days (72 hours) prior to the date of the Board
meeting. The President of the Board shall set special meeting dates and times.
The annual meeting of the Board of Directors shall be held in October of each year at a place
and time to be determined by the Board.
Notice of any meeting shall be given to the public in accordance with the requirements of the
Texas Open Meetings Act. The notice shall contain information regarding the particular time,
date, and location of the meeting and the agenda to be considered. All meetings shall be
conducted in accordance with the Texas Open Meetings Act.
Section 4.06 Quorum
For the purposes of convening a meeting and transacting business, a simple majority of the
appointed Directors then serving on the Board shall constitute a quorum. For purposes of
transacting the business of the cCorporation at any meetings, a simple majority of the appointed
Directors shall constitute a quorum. If there is an insufficient number of Directors present to
convene the meeting, the presiding officer shall adjourn the meeting.
Section 4.07 Compensation
The duly appointed members of the Board shall serve without compensation, but shall be
reimbursed for actual or commensurate cost of travel, lodging and incidental expenses while on
official business of the Board in accordance with State Law.
Section 4.08 Voting: Action of the Board of Directors
Directors must be present in order to vote at any meeting, unless otherwise provided in these
Bylaws or in the Articles of Incorporation or as required by law. The act of a majority of the
Directors present at any meeting for which a quorum is present shall be the act of the Board of
Directors. In the event thatIf a Director is aware of a conflict of interest or potential conflict of
interest, with regard toabout any particular votevote, the Director shall bring the same to the
attention of the meeting and shall abstain from the vote. Any conflict of interest shall be
determined according to the standards of Chapter 171, Texas Local Government Code, or as
amended. In the event Chapter 171 of the Local Government Code shall apply, the Director
Sanger Texas Industrial Development Corporation Page 4 of 14
shall disclose the relationship as required by Section 171.004 of the Local Government Code
and shall abstain from voting.
Section 4.09 Board’s Relationship with City Council
In accordance with State law, the City Council shall require the Sanger Industrial Development
Corporation to be responsible to it for the proper discharge of its duties assigned in this article.
All policies and actions for program administration shall be submitted for Council approval,
and the Board shall administer said programs accordingly.
SECTION ARTICLE V
OFFICERS
Section 5.01. Officers of the CorporationTitles and Term of Office
The elected officers of the corporation shall be a President, Vice President, Secretary and
Treasurer. The Board may resolve to elect one or more Assistant Secretaries or one or more
Assistant Treasurers as it may consider desirable. Such officers shall have the authority and
perform the duties of the office as the Board may from time to time prescribe or as the
Secretary or Treasurer may from time to time delegate to his/her respective assistant. Any two
(2) or more offices may be held by the same person, except the office of President. The
President and Vice President of the Corporation shall be elected by the Board and shall serve a
term of one (1) year, until the next annual meeting of the Board of Directors and until a his
successor is duly elected and qualified or until his or her death, resignation, retirement,
disqualification or removal from office. There shall be no limitation on the number of
consecutive years that a person may serve in the same office.
5.02 Selection of Officers
The initial Officers shall be elected by the Board and shall serve until the Board elects to select
new officers.
Vacancies in any office which occur by reason of death, resignation, disqualification, removal,
or otherwise, may be filled by the Board of Directors.
Section 5.03 02 President Powers and Duties of the President
The President shall be the presiding officer of the Board with the following authority: The
President shall be the chief executive officer of the Corporation, and shall, subject to the
authority of the Board and paramount authority and approval from the City Council, preside at
all the meetings of the Board, and absent designation by a majority of the Board, shall sign and
execute all contracts, conveyances, franchises, bonds, deeds, assignments, mortgages, and notes
in the name of the corporation. In additionaddition, the pPresident shall:
A. 1.Shall preside over all meetings of the Board.
B. 2. Shall have the right to vote on all matters coming before the Board.
Sanger Texas Industrial Development Corporation Page 5 of 14
C. 3. Shall have the authority, upon notice to the members of the Board, to call a special
meeting of the Board when, in his/her judgment, such meeting is required, subject to
provisions of the Texas Open Meetings Act.
D. 4. Shall have the authority to appoint standing committees to aid and assist the Board in
its business undertakings or other matters incidental to the operation and functions of
the Board.
E. 5. Shall have the authority to appoint ad hoc committees which may address issues of a
temporary nature of concern or which have a temporary affecteffect on the business of
the Board.
F. Aappear before the City Council, or be represented by his or her designee, regarding
any items being considered by the City Council concerning the Corporation.
In addition to the above mentioned duties, the President shall sign with the Secretary of the
Board any deed, mortgage, bonds, contracts, or other instruments which the Board of Directors
has approved and unless the execution of said document has been expressly delegated to some
other officer or agent of the corporation by appropriate Board resolution, by a specific
provision of these Bylaws, or by statute. In general, the President shall perform all duties
incident to the office, and such other duties as shall be prescribed from time to time by Board
of Directors.
Section 5.0403 Vice President
In the absence of the President or in the event of his/her inability to act, the Vice President shall
perform the duties of the President. When so acting, the Vice President shall have thea power
of and be subject to all the same restrictions as upon the President. The Vice President shall
also perform other duties as from time to time may be assign ed to him/her by the President.
5.05 Secretary
The Secretary shall keep, or cause to be kept, at the registered office a record of the minutes of
all meetings of the Board and of any committees of the Board. The Secretary shall also file a
copy of said minutes with the City and the same to be given, in accordance with the provisions
of these Bylaws, or as required by the Texas Open Meetings Act or the Texas Open Records
Act or other applicable law. The Secretary shall be custodian of the corporate records and seal
of the corporation, and shall keep a register of the mailing address and street address, if
different, of each Director.
5.06 Treasurer
The Treasurer shall be bonded for tile faithful discharge of his/her duties in the amount of
$20,000.00. The Treasurer shall have charge and custody of and be responsible for all funds
and securities of the corporation. The Treasurer shall receive and give receipt for money due
and payable to the corporation from any source whatsoever, and shall deposit all such moneys
in the name of the corporation in such bank, trust corporation, and/or other depositories as shall
be specified in accord with Section VI of these Bylaws. The Treasurer shall, in general,
Sanger Texas Industrial Development Corporation Page 6 of 14
perform all the duties incident to that office and such other duties as from time to time may be
assigned to him/her by the President of the Board.
5.07 Assistant Secretaries and Assistant Treasurers
The Assistant Secretaries and Assistant Treasurers, if any, shall, in general, perform such duties
as may be assigned to them by the Secretary or the Treasurer, or by the President or the Board
of Directors.
Section 5.0804 Contracts for Services
The cCorporation may, with approval of the City Council, contract with any qualified and
appropriate person, association, corporation or governmental entity to perform and discharge
designated tasks which will aid or assist the Board in the performance of its duties. This shall
include the right to contract for promotional purposes as may be defined by the Development
Corporation Act of 1979, subject to any limitations contained in the Act.
SECTION ARTICLE VI
FINANCIAL ADMINISTRATIONFUNCTIONAL CORPORATION DUTIES AND
REQUIREMENTS
The Corporation shall contract with the City for financial and accounting services. The
corporation’s financing and accounting records shall be maintained according to the following
guidelines:
Section 6.01. Director of Economic Development
The director of economic development shall be the chief administrative officer of the
Corporation and be in general charge of the properties and affairs of the Corporation, shall
administer all work orders, requisitions for payment, purchase orders, contract execution,
administration/oversight, and other instruments or activities as prescribed by the Board in the
name of the Corporation. The director of economic development shall be an employee of the
City.
Section 6.02. Director of Finance
The director of finance shall have the responsibility to see to the handling, custody, and
security of all funds and securities of the Corporation. When necessary or proper, the director
of finance shall endorse and sign, on behalf of the Corporation, for collection or issuance,
checks, notes and other obligations drawn upon such bank or banks or depositories as shall be
designated by the City Council as consistent with these Bylaws. The director of finance shall
see to the entry in the books of the Corporation of full and accurate accounts of all monies
received and paid out on account of the Corporation. The director of finance shall, at the
expense of the Corporation, give such bond for the faithful discharge of the duties in such form
and amount as the City Council shall require, by resolution. The director of finance shall be an
employee of the City. The director of finance shall submit a monthly report, to the Board, in
Sanger Texas Industrial Development Corporation Page 7 of 14
sufficientenough detail, to include of all checks or drafts issued on behalf of the Corporation
for the previous month. The director of finance shall provide a monthly financial report to the
City Council concerning activities of the Corporation in a format consistent with other financial
reports of the City.
Section 6.03. Secretary
The secretary shall keep the minutes of all meetings of the Board in books provided for that
purpose, shall give and serve all notices, shall sign with the president in the name of the
Corporation, and/or attest the signature thereto, all contracts, conveyances, franchises, bonds,
deeds, assignments, mortgages, notes and other instruments of the Corporation, shall have
charge of the Corporation books, records, documents and instruments except the books of the
accounts and financial records and securities, and such other books and papers as the Board
may direct, all of which shall at all reasonable times be open to public inspection upon
application at the office of the Corporation during business hours, and shall in general perform
all duties incident to the office of secretary subject to the control of the Board. The secretary
shall endorse and countersign, on behalf of the Corporation, for collection or issuance, checks,
notes and other obligations in or drawn upon such bank or banks or depositories as shall be
designated by the City Council consistent with these Bylaws. The secretary shall be an
employee of the city.
Section 6.04. Participation in Board Meetings
The director of economic development, secretary, director of finance manager, Mayor and City
Manager (or their respective designees), shall have the right to take part in any discussion of
the Board, including attendance inof executive sessions, but shall not have the power to vote in
any meetings attended.
Section 6.01 05 Fiscal Year
The fiscal year of the cCorporation shall begin on October 1 and end September 30 of the
following year.
Section 6.02 06 Budget
A budget for the forthcoming fiscal year shall be submitted to and approved by the Board of
Directors and the City Council of the City of Sanger. The Board of Directors shall submit the
budget in accordance with the annual budget preparation schedule as set forth by the City
Manager. The budget shall be submitted to the City Manager for inclusion of it in the annual
budget presentation to the City Council. The budget proposed for adoption shall include the
projected operating expenses and such other budgetary information as shall be useful to or
appropriate for the Board of Directors and the City Council of the City of Sanger.
Section 6.0307. Contracts
As provided in Section V above herinherein, the President and sSecretary shall execute any
contracts or other instruments which the Board has approved and authorized to be executed,
provided, however, that the Board may by appropriate resolution, authorize any other officer or
Sanger Texas Industrial Development Corporation Page 8 of 14
officers or any other agent or agents to enter into contract or execute and deliver any instrument
in the name and on behalf of the Ccorporation. Such authority may be confined to specific
instances or defined in general terms. When appropriate, the Board may grant a specific or
general power of attorney to carry out some action on behalf of the Board, provided, however,
that no such power of attorney may be granted unless an appropriate resolution of the Board
authorizes the same to be done.
6.04 Checks and Drafts
All checks, drafts, or order for payment of money, notes, or other evidences of indebtedness
issued in the name of the corporation shall be signed or bear the facsimile of any two of the
directors of the corporation.
6.05 Deposits
All funds of the Sanger Industrial Development Corporation shall be deposited on a regular
basis to the credit of the corporation in a depository which shall be selected following
procedures and requirements for selecting a depository as set forth in Chapter 105 of the Local
Government Code or the depository of the City of Sanger, may be utilized.
6.06 Gifts
The Sanger Industrial Development Corporation may accept on behalf of the corporation any
contribution, gift, bequest, or device for the general purpose or for any special purposes of the
corporation.
6.07 Purchasing
All purchasing and contracts executed by the corporation shall be made in accordance with the
requirements of the Texas Constitution and Statutes of the State of Texas.
Section 6.08 InvestmentsDebt, Deposit and Investment of Corporate Funds
Temporary and idle funds which are not needed for immediate obligations of the corporation
may be invested in accordance with the following investment policy. All proceeds from the
issuance of bonds, notes or other debt instruments (the “Bonds”) issued by the Corporation
shall be deposited and invested as provided in the resolution, order, indenture, or other
documents authorizing or relating to their execution or issuance and handled in accordance
with the statute governing this Corporation, but no bonds shall be issued, including refunding
bonds, by the Corporation without the approval of the City Council after review and comment
by the City’s bond counsel and financial advisor.
All monies of the Corporation shall be deposited, secured, and/or invested in the manner
provided for the deposit, security, and/or investment of the public funds of the City, as
authorized by the City Investment Policy. The finance director shall designate the accounts and
depositories to be created and designated for such purposes, and the methods of withdrawal of
funds therefrom for use by and for the purposes of the Corporation upon the signature of the
finance director and the secretary. The accounts, reconciliation, and investment of such funds
and accounts shall be performed by the Department of Finance of the City.
Sanger Texas Industrial Development Corporation Page 9 of 14
Investment Policy for the Sanger Texas Industrial Development Corporation
Whereas, the Public Funds Investment Act of 1995 requires each municipality to adopt rules
and guidelines for the investment of public funds; and
Whereas, such rules and guidelines should specify the type, length and strategy for each fund as
well as the authority for officers and employees responsible for the investment of such funds.
6.08 – 1.0 Scope
This investment policy applies to all financial assets of the Sanger Industrial Development
Corporation. These funds are accounted for in the City of Sanger’s Comprehensive Annual
Financial Audit.
6.08 – 2.0 Statement of Cash Management Philosophy:
The Sanger Industrial Development Corporation shall maintain a comprehensive cash
management program to include the effective collection of all accounts receivable, the prompt
deposit of receipts to the Corporation’s bank accounts, the payment of obligations so as to
comply with state law and in accord with vendor invoices and the prudent investment of idle
funds in accordance with this policy.
6.08 – 3.0 Objective:
The primary objectives, in priority order, of the Sanger Industrial Development Corporation’s
investment activities shall be:
3.1 Safety: Safety of principal is the foremost objective of the investment program.
Investments of the Sanger Industrial Development Corporation shall be undertaken in a
mannger that seeks to ensure the preservation of capital in the overall portfolio.
3.2 Liquidity: The Sanger Industrial Development Corporation’s investment portfolio will
remain sufficiently liquid to enable the Sanger Industrial Development Corporation to meet all
operating requirements which might be reasonably anticipated.
3.3 Return on investments: The Sanger Industrial Development Corporation’s investment
portfolio shall be designed with the objective of attaining a rate of return throughout budgetary
and economic cycles, commensurate with the Sanger Industrial Development Corporation’s
investment risk constraints and the cash flow characteristics of the portfolio.
6.08 – 4.0 Delegation of Authority
Management responsibility for the investment program is hereby delegated to the investment
officer, who shall establish written procedures for the operation of the investment program
consistent with the investment policy. Procedures should include reference to: safekeeping,
wire transfer agreements, banking service contracts and collateral/depository agreements. Such
procedures shall include explicit delegation of authority to persons responsible for investment
transactions. No person may engage in an investment transaction except as provided under the
Sanger Texas Industrial Development Corporation Page 10 of 14
term of this policy and the procedures established by the investment officer. The investment
officer shall be responsible for all transactions undertaken and shall establish a system of
controls.
6.08 – 5.0 Authorized Investments:
Sanger Industrial Development Corporation funds may be invested in the following securities:
1. Collateralized or fully insured money market accounts.
2. Collateralized or fully insured certificates of deposit.
3. U.S. Treasury bills, notes or bonds.
4. Direct obligations of the State of Texas or its agencies and
instrumentality’sinstrumentalities.
6.08 – 6.0 Qualifying Institutions:
Investments may be made through or with the following institutions:
1. Federally insured banks located in the State of Texas.
2. Primary government security dealers reporting to the Market Reports Division of
the Federal Reserve Bank of New York.
6.08 – 7.0 Collateralization
The Sanger Industrial Development Corporation will accept as collateral for its money market
accounts, certificates of deposit and other evidence of deposit the for the following securities:
1. F.D.I.C. coverage
2. U.S. Treasury Bills
3. State of Texas bonds.
4. Other obligations of the United States, its agencies or instrumentalitiey’s.
5. Bonds issued by other Texas government entities (Citiesorporation, county, school
or special districts) with a remaining maturity of twenty years or less.
Securities pledged as collateral must be retained in a third party bank in the State of Texas and
the Corporation shall be provided with the original safekeeping receipt on each pledged
security. The Corporation, financial institution and the safekeeping bank shall operate in
accordance with a master safekeeping agreement signed by all three parties.
The Corporation’s investment officer must approve release of collateral in writing prior to its
removal from the safekeeping account.
The financial institution with which the Corporation invests and/or maintains other deposits
shall provide monthly, or as requested by the Corporation, a listing of the collateral pledged to
the Corporation, marked to current market prices. The listing shall include total pledged
securities itemized by:
1. Name, type and description of security.
2. Safekeeping receipt number.
3. Par value.
Sanger Texas Industrial Development Corporation Page 11 of 14
4. Current market value.
5. Maturity date.
6. Moody’s or Standard and Poor rating (both if available)
6.08 – 8.0 General Government Practices:
All investment transactions shall be documented by the investment officer.
The investment officer may make investments orally but shall follow promptly with a written
confirmation to the financial institution or dealer with a copy of such confirmation retained in
the Corporation’s files.
6.08 – 9.0 Investment Policy:
It is the policy of the Sanger Industrial Development Corporation to invest public funds in a
manner which will provide the highest investment return with the maximum security while
meeting the daily cash flow demands of the entity and conforming to all state and local statutes
and local policies governing the investment of public funds.
6.09 Bonds:
Any bonds issued by the Ccorporation shall be in accordance with the statute governing this
Ccorporation but, in any event, no bonds shall be issued without approval of the Sanger City
Council after review and comment by the City’s bond counsel and financial advisor.
ARTICLE VII
BOOKS AND RECORDS
Section 7.01 Books and Records
The corporation shall keep correct and complete books and records of all actions of the
corporation, including books and records of account and the minutes of meetings of the Board
of Directors and of any committee having any authority of the Board and to the city council.
All books and records of the corporation may be inspected by Directors of the corporation or
his/her agent or attorney at any reasonable time; and, any information which may be designated
as public information by law shall be open to public inspection at any reasonable time. The
Texas Open Records Act and Open Meetings Act shall apply to disclosure of public
information. The Board of Directors shall provide for an annual financial audit to be performed
by a competent independent audit firm employed by the City Council for the Corporation’s
audit. The financial manager shall keep and properly maintain, in accordance with generally
accepted accounting principles, complete financial books, records, accounts, and financial
statements pertaining to its corporate funds, activities and affairs. The City shall cause the
Corporation’s financial books, records, accounts, and financial statement to be audited at least
once each fiscal year by an outside, independent, auditing and accounting firm selected by the
City Council. Such audit shall be at the expense of the Corporation.
Sanger Texas Industrial Development Corporation Page 12 of 14
7.02 Monthly Reports
The cCorporation shall provide monthly summaries of anticipated projects, proposed dispersal
of funds, and funds that are dispersed.
ARTICLE VIII
SEAL
Section 8.01 Seal
The Board of Directors may obtain a corporate seal which shall bear the words “Corporate Seal
of the Sanger Industrial Development Corporation”. The Board may thereafter use the
corporate seal and may later alter the seal as necessary without changing the corporate name,
but these Bylaws shall not be construed to require the use of the corporate seal.
SECTION ARTICLE IX
PROGRAM
Section 9.01 Authorization
The cCorporation shall carry out its programs subject to its Articles of Incorporation and these
Bylaws, and such resolutions as the Board may from time to time authorize.
Section 9.02 Program
The program of the Sanger Industrial Development Corporation shall be to assist, stimulate,
and enhance economic development in Sanger, Texas, subject to applicable State and Federal
law, these Bylaws, and the Articles of Incorporation.
SECTION ARTICLE XARTICLE X
PARLIAMENTARY AUTHORITY
Section 10.1 Amendments to Bylaws
These Bylaws may be amended or repealed and new Bylaws may be adopted by an affirmative
two-thirds (2/3) majority vote of the number of authorized Directors then serving on the Board,
subject to approval by the City Council. at any regular or any special meeting of the Directors
held for such specific purpose, and the notice requirements stated herein above regarding
regular or special meetings shall apply. A majority of the Directors of the Corporation present
at an annual meeting of the Board may, amend or repeal and institute new Bylaws, provided
that at least ten (10) days prior to the annual meeting, written notice setting forth the proposed
action shall have been given the Directors, and public notice regarding such actin given
according to the requirements of the Texas Open Meetings Act and Open Records Act. The
City Council may amend these Bylaws at anytimeany time. Such amendments by the City
Sanger Texas Industrial Development Corporation Page 13 of 14
Council will be duly passed and adopted by motion, resolution or ordinance duly reflected in
the minutes of the City Council and thereafter, duly noted to the Board.
Notwithstanding the foregoing, no amendment shall become effective unless the City Council
approves the amendment.
SECTION ARTICLE XI
DISSOLUTION
Section 11.01 Dissolution
The cCorporation shall be dissolved according to the provisions contained in the appropriate
sections of the Texas Development Corporation Act of 1979, as amended.
SECTION ARTICLE XII
INDEMNITY
Section 12.01 Indemnity
The Board of Directors shall authorize the cCorporation to pay or reimburse any current or
former Director orf Officer of the cCorporation for any costs, expenses, fines, settlements,
judgments, and other amounts, actually and reasonably incurred by such person in any action,
suit, or proceeding to which he/she is made a party by reason of holding such position as
Director or Officer; provided, however, that such Director or Officer shall not receive such
indemnification if he/she isbe finally adjudicated in such instance to be liable for misconduct in
office. The indemnification herein provided shall also extend to good faith expenditures
incurred in anticipation of or preparation for threatened or proposed litigation. The Board of
Directors may, in proper causes, extend the indemnification to cover the good faith settlement
of any such action, suit, or proceedings, whether formally instituted or not.
Furthermore, the cCorporation agrees to indemnify and hold harmless and defend the Sanger
Industrial Development Corporation, its officers, agents, and its employees, from and against
all claims and suits or damages, injuries to persons (including death), property damages
(including loss ofr use), and expenses (including court costs and attorney fees), arising out of or
resulting from the Ccorporation’s work and from any liability arising out of or in connection
with the Sanger Industrial Development Corporation or its officers, agents, or employees entry
upon said property, common, constitutional, or statutory law, or based on whole or in part upon
the negligent or intentional acts or omissions of the cCorporation, its officers, agents,
employees, subcontractors, licensees, invitees, or trespassers or based in whole or in part upon
the negligent acts or omissions of the Sanger Industrial Development Corporation, its officers,
agents, employees, licensees, or invitees. The cCorporation agrees to waive any and all claims
it may have against the City of Sanger Industrial Development Corporation connrrected with,
Sanger Texas Industrial Development Corporation Page 14 of 14
resulting from, or arising out of claims and suits covered by this indemnification provision and
agrees that any insurance carrier involved shall not be entitled to subrogation under any
circumstances against the City of Sanger Industrial Development Corporation, its officers,
agents, and employees.
SECTION ARTICLE XIII
MISCELLANEOUS
Section 13.01 Relation to Articles of Incorporation
These Bylaws are subject to and governed by the Articles of Incorporation.
Section 13.02 Effective Date
These Bylaws shall be effective upon the adoption by the Board of Directors of the Sanger
Industrial Development Corporation and the approval of the City Council of the City of Sanger,
Texas.
Section 13.03 Gifts
The Sanger Industrial Development Corporation may accept on behalf of the Corporation any
contribution, gift, bequest, or device for the general purpose or for any special purposes of the
Corporation.
Section 13.03 Code of Ethics
Each dDirector, including the Ppresident and Vvice Ppresident, and theits officers, employees,
and agents of the Corporation shall abide by and be subject to the City Code of Ethics. The
Code of Ethics shall be applicable to independent contractors of the Corporation, except to the
extent that any such independent contractor is not performing work on behalf of the
Corporation.
Section 13.04 Applicability of City Charter, Policies and Procedures
The City Charter and all duly approved city policies and procedures shall apply directly to the
Corporation and the Bboard unless such Ccharters, policies or procedures are superseded by
state law or not related to the functions of the Board. The Board has the prerogative, subject to
approval by the City Council, to adopt other policies and procedures in addition to or in place
of those of the City.
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 5.
AGENDA MEETING DATE: January 7, 2020
TO: Shani Bradshaw, 4B
FROM:
ITEM/CAPTION:
Sanger Economic Development Website
Consider and Discuss a New Sanger Economic Development Website.
AGENDA TYPE: Work Session
ACTION REQUESTED: Presentation
BACKGROUND:
Economic development marketing is competitive and requires a strong website that produces strategic results. The
current Economic Development Website is very basic and doesn't provide the necessary tools to market Sanger and is
no longer sufficient to list out the reasons businesses should pick Sanger. Our website must engage site selectors and
potential employers with stories that can be inspiring and focus on workforce attraction or data driven and focus on
business attraction.
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
NA
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
NA
FUNDS:
NA
STAFF RECOMMENDATION/ACTION DESIRED:
Staff will provide hand outs during meeting.
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 6.
AGENDA MEETING DATE: January 7, 2020
TO: Shani Bradshaw, 4B
FROM:
ITEM/CAPTION:
Review Financial Reports
AGENDA TYPE: Regular
ACTION REQUESTED:
BACKGROUND:
Review revenue and expenditure report for the period ending October 31, 2019 and 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
Balance Sheet Nov, 30 2019 1/2/2020 Cover Memo
Revenue Expense Report Nov 30, 2019 1/2/2020 Cover Memo
Trial Balance Report Nov 30, 2019 1/2/2020 Cover Memo
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMOAGENDA ITEM NO. 6.AGENDA MEETING DATE: January 7, 2020TO: Shani Bradshaw, 4BFROM: ITEM/CAPTION:Review Financial ReportsAGENDA TYPE: RegularACTION REQUESTED: BACKGROUND:Review revenue and expenditure report for the period ending October 31, 2019 and monthly sales tax report.LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:NAFINANCIAL SUMMARY FUNDING/FISCAL IMPACT:NAFUNDS:NASTAFF RECOMMENDATION/ACTION DESIRED:NAATTACHMENTS:Description Upload Date TypeBalance Sheet Nov, 30 2019 1/2/2020 Cover Memo
Revenue Expense Report Nov 30, 2019 1/2/2020 Cover Memo
Trial Balance Report Nov 30, 2019 1/2/2020 Cover Memo
Monthly Sales Tax Report Nov 30, 2019 1/2/2020 Cover Memo
12-19-2019 01:46 PM CITY OF SANGER PAGE: 1
BALANCE SHEET
AS OF: NOVEMBER 30TH, 2019
41 -4A CORPORATION
ACCOUNT # ACCOUNT DESCRIPTION BALANCE
_____________________________________________________________________________________________
ASSETS
======
41-00-1000 CLAIM ON CASH 350,417.51
41-00-1010 CKG-4A CASH (PROSP 90020693) 331,548.09
41-00-1012 MM-4A INV (PROSP 902551273) 477,150.38
41-00-1013 CD - #486639 95,401.14
41-00-1079 ACCUMULATED DEPRECIATION ( 347,163.00)
41-00-1153 SALES TAX RECEIVABLE 35,424.95
41-00-1400 CAPITAL ASSETS 1,121,747.00
2,064,526.07
TOTAL ASSETS 2,064,526.07
==============
LIABILITIES
===========
41-00-2000 ACCOUNTS PAYABLE CONTROL 2,033.40
41-00-2403 ACCRUED WAGES PAYABLE 1,959.45
41-00-2900 Encumbrances ( 375.00)
41-00-2910 Reserve for Encumbrance 375.00
TOTAL LIABILITIES 3,992.85
EQUITY
======
41-00-3015 FUND BALANCE - RESTRICTED 1,995,475.98
TOTAL BEGINNING EQUITY 1,995,475.98
TOTAL REVENUE 84,952.05
TOTAL EXPENSES 19,894.81
TOTAL REVENUE OVER/(UNDER) EXPENSES 65,057.24
TOTAL EQUITY & REV. OVER/(UNDER) EXP. 2,060,533.22
TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 2,064,526.07
==============
12-19-2019 01:46 PM CITY OF SANGER PAGE: 1
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: NOVEMBER 30TH, 2019
41 -4A CORPORATION
FINANCIAL SUMMARY % OF YEAR COMPLETED: 16.67
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 42,075.28 0.00 84,036.07 0.00 300,963.93 21.83
INTEREST 1,750.00 450.59 0.00 915.98 0.00 834.02 52.34
TRANSFERS 25,000.00 0.00 0.00 0.00 0.00 25,000.00 0.00
TOTAL REVENUES 411,750.00 42,525.87 0.00 84,952.05 0.00 326,797.95 20.63
EXPENDITURE SUMMARY
46-ECONOMIC DEVELOPMENT 192,535.00 9,361.81 1,023.10 19,894.81 0.00 173,663.29 9.80
___________________________________________________________________________________________________________________________________
TOTAL EXPENDITURES 192,535.00 9,361.81 1,023.10 19,894.81 0.00 173,663.29 9.80
REVENUE OVER/(UNDER) EXPENDITURES 219,215.00 33,164.06 1,023.10 65,057.24 0.00 153,134.66 30.14
12-19-2019 01:46 PM CITY OF SANGER PAGE: 2
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: NOVEMBER 30TH, 2019
41 -4A CORPORATION
FINANCIAL SUMMARY % OF YEAR COMPLETED: 16.67
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 385,000.00 42,075.28 0.00 84,036.07 0.00 300,963.93 21.83
TOTAL TAXES 385,000.00 42,075.28 0.00 84,036.07 0.00 300,963.93 21.83
GRANTS ______________ ____________ ____________ _____________ ____________ ____________ ______
INTEREST
00-4800 INTEREST INCOME 1,750.00 450.59 0.00 915.98 0.00 834.02 52.34
TOTAL INTEREST 1,750.00 450.59 0.00 915.98 0.00 834.02 52.34
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 42,525.87 0.00 84,952.05 0.00 326,797.95 20.63
============== ============ ============ ============= ============ ============ ======
12-19-2019 01:46 PM CITY OF SANGER PAGE: 3
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: NOVEMBER 30TH, 2019
41 -4A CORPORATION
46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 16.67
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF
DEPARTMENTAL EXPENDITURES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
___________________________________________________________________________________________________________________________________
51-SALARIES AND BENEFITS
46-5110 REGULAR SALARIES 78,100.00 5,942.30 0.00 11,884.60 0.00 66,215.40 15.22
46-5117 VACATION COMPENSATION 1,500.00 0.00 0.00 0.00 0.00 1,500.00 0.00
46-5125 LONGEVITY PAY 60.00 0.00 0.00 0.00 0.00 60.00 0.00
46-5128 AUTO ALLOWANCE 6,000.00 500.00 0.00 1,000.00 0.00 5,000.00 16.67
46-5129 CELL PHONE ALLOWANCE 600.00 50.00 0.00 100.00 0.00 500.00 16.67
46-5130 FICA 6,600.00 473.91 0.00 947.82 0.00 5,652.18 14.36
46-5140 RETIREMENT 7,200.00 523.49 0.00 1,046.98 0.00 6,153.02 14.54
46-5150 HEALTH INSURANCE 7,800.00 652.74 0.00 1,305.48 0.00 6,494.52 16.74
46-5160 WORKER'S COMPENSATION 400.00 0.00 0.00 184.73 0.00 215.27 46.18
46-5170 T W C 100.00 0.00 0.00 0.00 0.00 100.00 0.00
TOTAL 51-SALARIES AND BENEFITS 108,360.00 8,142.44 0.00 16,469.61 0.00 91,890.39 15.20
52-SUPPLIES AND MATERIALS
46-5210 OFFICE SUPPLIES 800.00 184.38 0.00 233.87 0.00 566.13 29.23
46-5215 FOOD 300.00 0.00 0.00 0.00 0.00 300.00 0.00
46-5226 MARKETING & PROMOTION 12,000.00 515.78 0.00 515.78 0.00 11,484.22 4.30
46-5235 DUES & SUBSCRIPTIONS 2,000.00 0.00 0.00 0.00 0.00 2,000.00 0.00
46-5240 CONFERENCES AND TRAINING 5,000.00 291.54 0.00 1,086.54 0.00 3,913.46 21.73
46-5280 COMPUTER SUPPLIES 500.00 0.00 1,023.10 1,023.10 0.00 500.00 0.00
TOTAL 52-SUPPLIES AND MATERIALS 20,600.00 991.70 1,023.10 2,859.29 0.00 18,763.81 8.91
53-MAINTENANCE AND OPERAT
46-5310 R & M BUILDING 5,000.00 0.00 0.00 0.00 0.00 5,000.00 0.00
46-5332 OFFICE MACHINE LEASE 825.00 69.00 0.00 248.57 0.00 576.43 30.13
TOTAL 53-MAINTENANCE AND OPERAT 5,825.00 69.00 0.00 248.57 0.00 5,576.43 4.27
54-CONTRACT SERVICES
46-5430 PROFESSIONAL SERVICE 55,000.00 0.00 0.00 0.00 0.00 55,000.00 0.00
46-5450 TECHNICAL SUPPORT 1,000.00 158.67 0.00 317.34 0.00 682.66 31.73
46-5451 ANNUAL SOFTWARE SUPPORT 1,750.00 0.00 0.00 0.00 0.00 1,750.00 0.00
TOTAL 54-CONTRACT SERVICES 57,750.00 158.67 0.00 317.34 0.00 57,432.66 0.55
55-UTILITIES ______________ ____________ ____________ _____________ ____________ ____________ ______
56-GRANT EXPENSES ______________ ____________ ____________ _____________ ____________ ____________ ______
60-CAPITAL OUTLAY < $5K ______________ ____________ ____________ _____________ ____________ ____________ ______
61-CAPITAL OUTLAY ______________ ____________ ____________ _____________ ____________ ____________ ______
12-19-2019 01:46 PM CITY OF SANGER PAGE: 4
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: NOVEMBER 30TH, 2019
41 -4A CORPORATION
46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 16.67
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF
DEPARTMENTAL EXPENDITURES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
___________________________________________________________________________________________________________________________________
71-DEPRECIATION ______________ ____________ ____________ _____________ ____________ ____________ ______
70-DEBT PAYMENTS ______________ ____________ ____________ _____________ ____________ ____________ ______
___________________________________________________________________________________________________________________________________
TOTAL 46-ECONOMIC DEVELOPMENT 192,535.00 9,361.81 1,023.10 19,894.81 0.00 173,663.29 9.80
12-19-2019 01:46 PM CITY OF SANGER PAGE: 5
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: NOVEMBER 30TH, 2019
41 -4A CORPORATION
74-TRANSFERS % OF YEAR COMPLETED: 16.67
CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF
DEPARTMENTAL EXPENDITURES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET
___________________________________________________________________________________________________________________________________
74-TRANSFERS ______________ ____________ ____________ _____________ ____________ ____________ ______
___________________________________________________________________________________________________________________________________
TOTAL EXPENDITURES 192,535.00 9,361.81 1,023.10 19,894.81 0.00 173,663.29 9.80
============== ============ ============ ============= ============ ============ ======
** REVENUE OVER(UNDER) EXPENDITURES ** 219,215.00 33,164.06 1,023.10 65,057.24 0.00 153,134.66 30.14
12-19-2019 01:45 PM CITY OF SANGER PAGE: 1
BASE TRIAL BALANCE
AS OF: NOVEMBER 30TH, 2019
41 -4A CORPORATION
*** MONTH TO DATE *** *** YEAR TO DATE ***
ACCT# ACCOUNT NAME DEBITS CREDITS DEBITS CREDITS
______________________________________________________________________________________________________________________
ASSETS
======
41-00-1000 CLAIM ON CASH 31,806.94 350,417.51
41-00-1010 CKG-4A CASH (PROSP 90020693) 27.25 331,548.09
41-00-1012 MM-4A INV (PROSP 902551273) 378.80 477,150.38
41-00-1013 CD - #486639 44.54 95,401.14
41-00-1079 ACCUMULATED DEPRECIATION 0.00 347,163.00
41-00-1153 SALES TAX RECEIVABLE 0.00 35,424.95
41-00-1400 CAPITAL ASSETS 0.00 1,121,747.00 ______________
TOTAL ASSETS 32,257.53 0.00 2,411,689.07 347,163.00
============== ============== ============== ==============
LIABILITIES
===========
41-00-2000 ACCOUNTS PAYABLE CONTROL 906.53 2,033.40
41-00-2403 ACCRUED WAGES PAYABLE 0.00 1,959.45
41-00-2900 Encumbrances 0.00 375.00
41-00-2910 Reserve for Encumbrance 0.00 375.00
TOTAL LIABILITIES 906.53 0.00 375.00 4,367.85
============== ============== ============== ==============
FUND BALANCE
============
41-00-3015 FUND BALANCE - RESTRICTED 0.00 1,995,475.98
TOTAL EQUITY/FUND BALANCE 0.00 0.00 0.00 1,995,475.98
============== ============== ============== ==============
REVENUES
========
41-00-4325 STATE SALES TAX 42,075.28 84,036.07
41-00-4800 INTEREST INCOME 450.59 915.98
TOTAL REVENUES 0.00 42,525.87 0.00 84,952.05
============== ============== ============== ==============
EXPENDITURES
============
41-46-5110 REGULAR SALARIES 5,942.30 11,884.60
41-46-5128 AUTO ALLOWANCE 500.00 1,000.00
41-46-5129 CELL PHONE ALLOWANCE 50.00 100.00
41-46-5130 FICA 473.91 947.82
41-46-5140 RETIREMENT 523.49 1,046.98
41-46-5150 HEALTH INSURANCE 652.74 1,305.48
41-46-5160 WORKER'S COMPENSATION 0.00 184.73
41-46-5210 OFFICE SUPPLIES 184.38 233.87
41-46-5226 MARKETING & PROMOTION 515.78 515.78
41-46-5240 CONFERENCES AND TRAINING 291.54 1,086.54
41-46-5280 COMPUTER SUPPLIES 0.00 1,023.10
41-46-5332 OFFICE MACHINE LEASE 69.00 248.57
12-19-2019 01:45 PM CITY OF SANGER PAGE: 2
BASE TRIAL BALANCE
AS OF: NOVEMBER 30TH, 2019
41 -4A CORPORATION
*** MONTH TO DATE *** *** YEAR TO DATE ***
ACCT# ACCOUNT NAME DEBITS CREDITS DEBITS CREDITS
______________________________________________________________________________________________________________________
EXPENDITURES (CONT)
====================
41-46-5450 TECHNICAL SUPPORT 158.67 317.34 ______________
TOTAL EXPENDITURES 9,361.81 0.00 19,894.81 0.00
============== ============== ============== ==============
______________________________________________________________________________________________________________________
*** TOTALS BALANCE *** 42,525.87 42,525.87 2,431,958.88 2,431,958.88
============== ============== ============== ==============
*** END OF REPORT ***
TOTAL REVENUE 2013-2020
2013 2014 2015 2016 2017 2018 2019 2020 2013 $315,055
OCT 23,310 25,572 26,843 29,528 33,532 36,117 35,425 41,961 2014 $334,755
NOV 28,064 28,823 31,897 36,744 36,725 38,951 36,853 42,075 2015 $386,739
DEC 25,854 27,350 28,786 30,055 37,133 32,669 36,420 2016 $391,082
JAN 24,097 23,812 41,810 28,916 32,386 34,264 33,403 2017 $435,516
FEB 26,189 27,381 38,909 35,203 42,385 48,966 36,966 2018 $436,100
MAR 21,635 22,628 29,841 30,091 34,273 32,712 32,428 2019 $442,506
APR 25,163 27,445 29,329 31,321 29,088 28,440 32,984 2020 $84,036
MAY 28,095 37,356 33,641 34,401 42,345 39,427 43,134
JUN 28,181 26,167 29,030 32,746 30,853 31,811 36,456
JUL 24,929 27,420 27,800 32,803 35,710 34,802 36,977
AUG 29,775 29,546 35,487 37,628 42,725 39,661 42,598
SEP 29,761 31,256 33,366 31,646 38,361 38,280 38,860
TOTAL 315,055 334,755 386,739 391,082 435,516 436,100 442,506 84,036
BUDGET 250,000 300,000 320,000 362,500 362,500 385,000 385,000 385,000
4A & 4B SALES TAX REVENUE
0 2013 2014 2015 2016 2017 2018 2019 2020
$315,055 $334,755
$386,739 $391,082
$435,516 $436,100 $442,506
$84,036
0
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Chart Title
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 7.
AGENDA MEETING DATE: January 7, 2020
TO: Shani Bradshaw, 4B
FROM:
ITEM/CAPTION:
Staff Update
1. CityWide Comprehensive Plan
2. ICSC Conference January 910, 2020
3. Marketing Material Flyer View LLC
4. Traffic Count Report EDP Best Practices
5. Industrial Warehouse
6. Business Growth and Development
AGENDA TYPE: Regular
ACTION REQUESTED:
BACKGROUND:
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
NA
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
NA
FUNDS:
NA
STAFF RECOMMENDATION/ACTION DESIRED:
NA
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMOAGENDA ITEM NO. 7.AGENDA MEETING DATE: January 7, 2020TO: Shani Bradshaw, 4BFROM: ITEM/CAPTION:Staff Update1. CityWide Comprehensive Plan 2. ICSC Conference January 910, 20203. Marketing Material Flyer View LLC 4. Traffic Count Report EDP Best Practices5. Industrial Warehouse6. Business Growth and DevelopmentAGENDA TYPE: RegularACTION REQUESTED: BACKGROUND:LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:NAFINANCIAL SUMMARY FUNDING/FISCAL IMPACT:NAFUNDS:NASTAFF RECOMMENDATION/ACTION DESIRED:NA