05/05/2020-4A-Agenda Packet-RegularAGENDA
4A ECONOMIC DEVELOPMENT BOARD
TUESDAY, MAY 5, 2020
1:00 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;
sangerdevelopment@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 (sangerdevelopment@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:
Dial 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 Tollfree
888 475 4499 US Tollfree
Meeting ID: 986 054 4598
1.Call Meeting to Order
AGENDA4A ECONOMIC DEVELOPMENT BOARDTUESDAY, MAY 5, 20201:00 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;sangerdevelopment@sangertexas.org and indicate which item you would like to comment on. You willneed to provide Shani Bradshaw your name, address, plus the name, and/or number you are calling intothe conference 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 (sangerdevelopment@sangertexas.org) regarding an item ifyou do not wish to speak, and they will be emailed to Shani Bradshaw before the meeting. Pleaseprovide 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 themeeting. A toll free number is available and noted on the list below:Dial 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
1.Call Meeting to Order
2.Economic Development Action Plan
Discuss, Consider and Possibly Act on Hiring a Consultant to Create an Action Plan for the 4A
Industrial Development Corporation.
3.Discussion on Fiscal Year 20202021 Budget
4.Review Financial Reports
5.Informational Items
1) City Wide Comprehensive Plan
2) Warehouse
3) COVID19 Update
6.Citizen Comments
7.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.
1:30 PM
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: May 5, 2020
TO: Shani Bradshaw, 4B
FROM: Shani Bradshaw, Director of Economic Development
ITEM/CAPTION:
Economic Development Action Plan
Discuss, Consider and Possibly Act on Hiring a Consultant to Create an Action Plan for the 4A Industrial Development
Corporation.
AGENDA TYPE: Regular
ACTION REQUESTED: Approval
BACKGROUND:
An Action Plan is intended to give direction and framework to the proactive approach to economic development
established by the 4A Industrial Development Board.
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
NA
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
NA
FUNDS:
Estimated Cost: $6,000
STAFF RECOMMENDATION/ACTION DESIRED:
APPROVE hiring a consultant to create an Action Plan for the 4A Economic Development Corporation.
ATTACHMENTS:
Description Upload Date Type
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMOAGENDA ITEM NO. 2.AGENDA MEETING DATE: May 5, 2020TO: Shani Bradshaw, 4BFROM: Shani Bradshaw, Director of Economic DevelopmentITEM/CAPTION:Economic Development Action PlanDiscuss, Consider and Possibly Act on Hiring a Consultant to Create an Action Plan for the 4A Industrial DevelopmentCorporation. AGENDA TYPE: RegularACTION REQUESTED: Approval BACKGROUND:An Action Plan is intended to give direction and framework to the proactive approach to economic developmentestablished by the 4A Industrial Development Board. LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:NAFINANCIAL SUMMARY FUNDING/FISCAL IMPACT:NAFUNDS:Estimated Cost: $6,000STAFF RECOMMENDATION/ACTION DESIRED:APPROVE hiring a consultant to create an Action Plan for the 4A Economic Development Corporation.
ATTACHMENTS:
Description Upload Date Type
Action Plan Information 4/29/2020 Cover Memo
EDP Best Practices, LLC / Sanger Economic Development Corporation
Action Plan Development - Service Agreement - Page 1 of 4
Date: January 15, 2020
To: Shani Bradshaw, Executive Director
Sanger Economic Development Corporation
201 Bolivar Street
Sanger, TX 76266
Re: Development of an Action Plan for the Sanger Economic Development Corporation
I appreciate the opportunity to assist you with the Services defined herein. This Service Agreement
(Agreement) shall be between EDP Best Practices, LLC (Consultant) and the Sanger Economic
Development Corporation (SEDC). Consultant and SEDC are sometimes hereinafter referred to
collectively as the “parties” or individually as a “party.” In general the Services (Services) shall be the
development of an Action Plan (Plan) for the SEDC.
1. Services: The following Services shall be performed by the Consultant in cooperation with the
Coordinator from the SEDC as defined below.
1.1. Discovery: Work with the Coordinator to identify the following.
A. Background Info: Identify and summarize any background info that might be important to
current or future SEDC members (e.g. sales tax elections, authorizations, establishment,
bylaws, responsibilities, revenues-expenditures-fund balance charts, budgets, activities
completed / underway, economic development resources currently available and staffing).
This shall not include the inputting and graphing of raw financial data. Forms will be
provided to SEDC for this input.
B. Preliminary SWOT Analysis: Prior to the first meeting, as homework, distribute forms to
Board members requesting input on Strengths, Weaknesses, Opportunities and Threats
(SWOT) for the SEDC and the City of Sanger. These are to be returned to the Consultant in
a timely manner.
C. Preliminary Objectives: Prior to the first meeting, as homework, distribute forms to Board
members requesting preliminary goals and objectives for the SEDC. These are to be
returned to the Consultant in a timely manner.
D. Mission Statement: If the SEDC desires to create or update their mission statement,
Consultant shall provide them multiple examples of EDO mission statements and directions
to prepare for a discussion on the mission statement at meeting one.
1.2. Phase 1 Development: Develop the Deliverables with the following characteristics and process.
A. Draft SWOT Analysis: From the responses provided, Consultant shall create a combined
anonymous Working List of SWOT feedback and a SWOT Summary for discussion at the first
meeting.
B. Draft Objectives: From the responses provided, Consultant shall create a combined
anonymous Working List and a Goals and Objectives Summary for discussion at the first
meeting.
C. Draft Action Plan: Distribute the current Action Plan draft prior to meeting one.
EDP Best Practices, LLC / Sanger Economic Development Corporation
Action Plan Development - Service Agreement - Page 2 of 4
D. Meeting One (See Section 5.2): Shall include the items below. (Estimate 1.5 hrs.)
i. Discovery Information: Review and finalize the representation of the Discovery
Information.
ii. Mission Statement: Facilitate the development of a Mission Statement for the SEDC.
iii. SWOT Finalization: Using the Working List developed in the Discovery phase, facilitate
final development of the SWOT Summary for both the SEDC and the City.
iv. Goals & Objectives: Using the Working List developed in the Discovery phase, facilitate
the identification and organization of the goals and objectives for the SEDC.
v. Prioritization Directions: Discuss the prioritization of objectives process, including how
to execute the objectives prioritization forms.
1.3. Phase 2 Development:
A. Prioritization: Prior to the second meeting, as homework, distribute forms to Board
members requesting prioritization of all objectives utilizing a confidential forced-ranking
system. This shall be provided to the Consultant in a timely manner for compilation.
B. MGO Progress Report Form: Incorporate the prioritized goals and objectives into a
Progress Report Form including timing expectations and responsibility assignments.
C. Draft Action Plan: Distribute the current Action Plan draft prior to meeting two.
D. Meeting Two (See Section 5.2): Shall include the items below. (Estimate 1.5 hrs.)
i. Prioritized Goals and Objectives: Review, discuss and finalize the goals and objectives
as prioritized.
ii. MGO Progress Report: Review, discuss and finalize the MGO Progress Report.
iii. Final Plan Review: Review, discuss and finalize all aspects of the Action Plan.
1.4. Deliverables: Consultant shall provide the following.
A. Action Plan: Organize all information identified in the Discovery and Development phases
into an easily understood pdf document.
B. SEDC Activities Summary: An Excel document that allows the Staff / SEDC to document
their activities year-over-year.
C. Goals & Objectives Progress Report: A matrix in Word format that allows the Staff / SEDC
to track and report progress on the prioritized goals and objectives.
2. SEDC to Provide: The SEDC shall provide the following.
2.1. Project Coordinator (Coordinator): Provide a staff liaison to work with Consultant to provide
insights as to the desires of the SEDC and facilitate communication.
2.2. Discovery: The information noted above, in particular the background info, preferably in chart
/ graph formats for ease of understanding by the SEDC.
2.3. Development: Assistance in the development and review of the document, including
coordination with any other SEDC representatives.
2.4. Meetings: Coordination of any desired meetings.
2.5. Presentations / Memos: Any briefing memos and / or PPT presentations to the SEDC or Council.
2.6. Printing: SEDC to handle printing, binding, or distribution of any documents.
EDP Best Practices, LLC / Sanger Economic Development Corporation
Action Plan Development - Service Agreement - Page 3 of 4
3. Confidentiality: Both parties agree to the following confidentialities.
3.1. Content: The Consultant agrees to keep confidential any information related to the project
that is deemed confidential by the SEDC and communicated to the Consultant in writing.
3.2. Marketing Permission: SEDC agrees to allow Consultant to reference the SEDC as a client and
to allow Consultant to use a high-level explanation of Services provided.
3.3. Payment Disclosure: SEDC agrees not to disclose the amount of payment included in the
Agreement unless required by law.
4. Documents: All documents generated as a result of the Services shall be the property of the SEDC to
use as needed (marketing, websites, etc.). However, the SEDC agrees not to release an editable /
original version of any of the documents except as required by law.
4.1. Proprietary Forms: Original forms generated by the Consultant are proprietary to Consultant
and will not be provided to the SEDC for their continued use unless noted in Section 1.4.
5. Payment: The fee for the Base Services and Board Meetings shall be as noted below. Payments shall
be within 30 days of receipt of an invoice from Consultant.
5.1. Base Services (fixed fee): The fee for these Services (excluding meetings) shall be five thousand
five hundred dollars ($5,500) billed monthly as a percentage of completion for each phase.
Should the SEDC elect not to continue with the project at any point, the Consultant shall be
paid for services rendered to that point in time.
A. Discovery: $2,000
B. Development: $2,500
C. Deliverables: $500
D. Delivery of Final Documents: $500
5.2. Board Meetings (variable fee): Meetings one and two with the Board shall be at an hourly rate
of one hundred twenty dollars ($120) per hour inclusive of set-up and meeting times. Driving
time shall be billed at 50% of the hourly rate.
5.3. Reimbursables: The SEDC shall reimburse the Consultant for any out-of-pocket costs (e.g.
copies, lunch meetings) which must be approved prior to expenditures.
5.4. Additional Services: Any work not defined in the Services above is not included in this
Agreement. The SEDC and the Consultant may negotiate Additional Services if desirable to both
parties. Any request for Additional Services must be authorized in writing by the Coordinator
prior to the Consultant performing said services.
--- Remainder of page left blank on purpose ---
EDP Best Practices, LLC / Sanger Economic Development Corporation
Action Plan Development - Service Agreement - Page 4 of 4
6. Approval of this Agreement represented by:
Consultant: EDP Best Practices, LLC
Signed: ___________________________
Name: Greg Last
Title: Chief Executive Officer
Date: January 15, 2020
PH: (817) 992-6156
EM: glast@EDPBestPractices.com
Address: 4609 Shadycreek Lane
Colleyville, TX 76034
SEDC: Sanger Economic Development Corporation
Signed: ____________________________
Name: Shani Bradshaw
Title: Executive Director
Date: ______________________________
PH: (940) 458-2059
EM: sbradshaw@sangertexas.org
Address: 201 Bolivar Street
Sanger, TX 76266
Attached: One-page Service Profile for Action Plan Development
For Greg Last Bio or additional information see www.EDPBestPractices.com.
Action Plan Development
Service Profile - 2019-08-20
Action Plan Development
Work with Staff and Board Members to identify and
evaluate programs and projects, establish and
prioritize goals and objectives and summarize all
information into a formal Action Plan.
Problem Identification
The economic development efforts of the Agency have been
stagnate or need a clear direction to be more productive
Changes in Staff, management or Board may be an
opportunity to fine tune the Agency’s work efforts
The Agency is trying to implement too many programs for the
budget / resources / staff available
Service Goals
Research and understand the current status of programs,
policies and projects
Evaluate the benefits and challenges of each of these
Prioritize Goals and Objectives for the near term
Deliverables
An Action Plan summarizing all information noted above
Original documents for documenting EDO activities, and a
matrix for monitoring and reporting progress on Objectives
Discovery Phase
Identify organizational aspects of the Board / Agency, budget
constraints, existing programs and staffing, etc.
SWOT Analysis
Facilitate a SWOT analysis on the community and Board
activities as a basis for developing Goals and Objectives
Goals & Objectives
Develop primary Goals and supporting Objectives
Prioritization
Board members to confidentially prioritize the objectives
Implementation / Tracking
Identify tasks necessary to complete the Objectives
Assign responsibility, report at Board meeting each month
(817) 992-6156
www.EDPBestPractices.com
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 3.
AGENDA MEETING DATE: May 5, 2020
TO: Shani Bradshaw, 4B
FROM: Shani Bradshaw, Director of Economic Development
ITEM/CAPTION:
Discussion on Fiscal Year 20202021 Budget
AGENDA TYPE: Regular
ACTION REQUESTED:
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
4A Budget 2020/2021 DRAFT 4/30/2020 Cover Memo
G/L ACCOUNT ACCOUNT NAME 2017-18
ACTUAL
2018-19
ACTUAL
2019-2020
BUDGET
YEAR-TO-
DATE
PROJECTED
YEAR END
2020-21
PROPOSED
BUDGET
2020-21 10%
DECREASE
BUDGET
46-5210 OFFICE SUPPLIES 568 488 800 234 468 800
46-5215 FOOD 37 - 300 - - 300
46-5226 MARKETING & PROMOTION 263 7,798 12,000 2,905 5,810 12,000
46-5235 DUES & SUBSCRIPTIONS 1,917 1,709 2,000 500 1,000 2,000
46-5240 CONFERENCES AND TRAINING 1,276 2,646 5,000 1,537 3,073 5,000
46-5280 COMPUTER SUPPLIES - - 500 1,572 3,145 500
46-5285 FURNITURE AND FIXTURES - - - - - -
46-5310 R & M BUILDING 95 - 5,000 - - 5,000
46-5332 OFFICE MACHINE LEASE 276 997 825 600 1,201 1,201
46-5430 PROFESSIONAL SERVICE - 525 55,000 - - 12,000 43,000
46-5450 TECHNICAL SUPPORT 118 4,647 1,000 1,175 2,350 1,000 -
46-5451 ANNUAL SOFTWARE SUPPORT 1,350 (1,350) 1,750 - - 1,750 -
46-5515 ELECTRIC - 1,434 - - - - -
46-5516 GAS SERVICE - 205 - - - - -
46-5610 Grant Expense - - - - - - -
46-6025 COMPUTER HARDWARE - - - - -
46-6026 COMPUTER SOFTWARE - - - - -
46-6040 OFFICE FURNITURE - - - - -
46-6120 BUILDING IMPROVEMENTS - - - - -
CAPITAL REQUEST #1 -
CAPITAL REQUEST #2 -
CAPITAL REQUEST #3 -
CAPITAL REQUEST #4 -
CAPITAL REQUEST #5 -
TOTALS 5,900 19,099 84,175 8,523 17,047 41,551 43,000
10% DECREASE BUDGET SHOULD BE:75,758
VARIANCE:(32,758)
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 4.
AGENDA MEETING DATE: May 5, 2020
TO: Shani Bradshaw, 4B
FROM: Shani Bradshaw, Director of Economic Development
ITEM/CAPTION:
Review Financial Reports
AGENDA TYPE: Regular
ACTION REQUESTED:
BACKGROUND:
Review revenue and expenditure report for the period ending March 30, 2020 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
Financial Report for 02292020 4/29/2020 Cover Memo
Balance Sheet 02292020 4/29/2020 Cover Memo
Revenue & Expense Report 02292020 4/29/2020 Cover Memo
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMOAGENDA ITEM NO. 4.AGENDA MEETING DATE: May 5, 2020TO: Shani Bradshaw, 4BFROM: Shani Bradshaw, Director of Economic DevelopmentITEM/CAPTION:Review Financial ReportsAGENDA TYPE: RegularACTION REQUESTED: BACKGROUND:Review revenue and expenditure report for the period ending March 30, 2020 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 TypeFinancial Report for 02292020 4/29/2020 Cover Memo
Balance Sheet 02292020 4/29/2020 Cover Memo
Revenue & Expense Report 02292020 4/29/2020 Cover Memo
Trail Balance Report 02292020 4/29/2020 Cover Memo
Sale Tax Report 02292020 4/29/2020 Cover Memo
Percent
Budget Actual of Budget
Revenue
Sales Tax 385,000 225,772 59%
Interest Income 1,750 2,081 119%
AEP Energy Partners
Transfer from 4B 25,000 25,000 100%
Total Revenue 411,750 252,853 61%
Expenditures
Salaries & Benefits 108,360 44,447 41%
Supplies & Materials 20,600 6,359 31%
Maintenance & Operations 5,825 531 9%
Contract Services 57,750 949 2%
Utilities
Capital Outlay
Debt Service
Total Expenditures 192,535 52,286 27%
Revenues Over Expenditures 219,215 200,568
Cash in Bank - First United 486,061
Cash in Bank - Prosperity 331,631
Money Market 478,101
Certificate of Deposit 95,553
Total Cash 1,254,517
February 29, 2020
Fund 4A
Sanger Texas Industrial Development Corporation
4-08-2020 01:56 PM CITY OF SANGER PAGE: 1
BALANCE SHEET
AS OF: FEBRUARY 29TH, 2020
41 -4A CORPORATION
ACCOUNT # ACCOUNT DESCRIPTION BALANCE
_____________________________________________________________________________________________
ASSETS
======
41-00-1000 CLAIM ON CASH 486,060.57
41-00-1010 CKG-4A CASH (PROSP 90020693) 331,630.60
41-00-1012 MM-4A INV (PROSP 902551273) 478,101.16
41-00-1013 CD - #486639 95,533.33
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
2,201,334.61
TOTAL ASSETS 2,201,334.61
==============
LIABILITIES
===========
41-00-2000 ACCOUNTS PAYABLE CONTROL 3,331.65
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 5,291.10
EQUITY
======
41-00-3015 FUND BALANCE - RESTRICTED 1,995,475.98
TOTAL BEGINNING EQUITY 1,995,475.98
TOTAL REVENUE 252,853.43
TOTAL EXPENSES 52,285.90
TOTAL REVENUE OVER/(UNDER) EXPENSES 200,567.53
TOTAL EQUITY & REV. OVER/(UNDER) EXP. 2,196,043.51
TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 2,201,334.61
==============
4-08-2020 01:56 PM CITY OF SANGER PAGE: 1
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: FEBRUARY 29TH, 2020
41 -4A CORPORATION
FINANCIAL SUMMARY % 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
___________________________________________________________________________________________________________________________________
REVENUE SUMMARY
TAXES 385,000.00 70,059.08 0.00 225,771.97 0.00 159,228.03 58.64
INTEREST 1,750.00 360.45 0.00 2,081.46 0.00 ( 331.46 118.94
TRANSFERS 25,000.00 25,000.00 0.00 25,000.00 0.00 0.00 100.00
TOTAL REVENUES 411,750.00 95,419.53 0.00 252,853.43 0.00 158,896.57 61.41
EXPENDITURE SUMMARY
46-ECONOMIC DEVELOPMENT 192,535.00 10,560.44 1,023.10 52,285.90 0.00 141,272.20 26.63
___________________________________________________________________________________________________________________________________
TOTAL EXPENDITURES 192,535.00 10,560.44 1,023.10 52,285.90 0.00 141,272.20 26.63
REVENUE OVER/(UNDER) EXPENDITURES 219,215.00 84,859.09 1,023.10 200,567.53 0.00 17,624.37 91.96
4-08-2020 01:56 PM CITY OF SANGER PAGE: 2
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: FEBRUARY 29TH, 2020
41 -4A CORPORATION
FINANCIAL SUMMARY % OF YEAR COMPLETED: 41.67
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 70,059.08 0.00 225,771.97 0.00 159,228.03 58.64
TOTAL TAXES 385,000.00 70,059.08 0.00 225,771.97 0.00 159,228.03 58.64
GRANTS ______________ ____________ ____________ _____________ ____________ ____________ ______
INTEREST
00-4800 INTEREST INCOME 1,750.00 360.45 0.00 2,081.46 0.00 ( 331.46 118.94
TOTAL INTEREST 1,750.00 360.45 0.00 2,081.46 0.00 ( 331.46 118.94
RENTAL INCOME ______________ ____________ ____________ _____________ ____________ ____________ ______
TRANSFERS
00-4986 Transfer from 4B 25,000.00 25,000.00 0.00 25,000.00 0.00 0.00 100.00
TOTAL TRANSFERS 25,000.00 25,000.00 0.00 25,000.00 0.00 0.00 100.00
___________________________________________________________________________________________________________________________________
TOTAL REVENUES 411,750.00 95,419.53 0.00 252,853.43 0.00 158,896.57 61.41
============== ============ ============ ============= ============ ============ ======
4-08-2020 01:56 PM CITY OF SANGER PAGE: 3
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: FEBRUARY 29TH, 2020
41 -4A CORPORATION
46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 41.67
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 32,682.65 0.00 45,417.35 41.85
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 60.00 0.00 0.00 100.00
46-5128 AUTO ALLOWANCE 6,000.00 500.00 0.00 2,500.00 0.00 3,500.00 41.67
46-5129 CELL PHONE ALLOWANCE 600.00 50.00 0.00 250.00 0.00 350.00 41.67
46-5130 FICA 6,600.00 473.95 0.00 2,601.92 0.00 3,998.08 39.42
46-5140 RETIREMENT 7,200.00 540.43 0.00 2,903.50 0.00 4,296.50 40.33
46-5150 HEALTH INSURANCE 7,800.00 652.74 0.00 3,263.70 0.00 4,536.30 41.84
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 8,159.42 0.00 44,446.50 0.00 63,913.50 41.02
52-SUPPLIES AND MATERIALS
46-5210 OFFICE SUPPLIES 800.00 0.00 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 1,950.00 0.00 2,905.15 0.00 9,094.85 24.21
46-5235 DUES & SUBSCRIPTIONS 2,000.00 0.00 0.00 500.00 0.00 1,500.00 25.00
46-5240 CONFERENCES AND TRAINING 5,000.00 0.00 0.00 1,536.54 0.00 3,463.46 30.73
46-5280 COMPUTER SUPPLIES 500.00 0.00 1,023.10 1,183.06 0.00 340.04 31.99
TOTAL 52-SUPPLIES AND MATERIALS 20,600.00 1,950.00 1,023.10 6,358.62 0.00 15,264.48 25.90
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 0.00 0.00 531.30 0.00 293.70 64.40
TOTAL 53-MAINTENANCE AND OPERAT 5,825.00 0.00 0.00 531.30 0.00 5,293.70 9.12
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 1,000.00 451.02 0.00 949.48 0.00 50.52 94.95
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 57,750.00 451.02 0.00 949.48 0.00 56,800.52 1.64
55-UTILITIES ______________ ____________ ____________ _____________ ____________ ____________ ______
56-GRANT EXPENSES ______________ ____________ ____________ _____________ ____________ ____________ ______
60-CAPITAL OUTLAY < $5K ______________ ____________ ____________ _____________ ____________ ____________ ______
61-CAPITAL OUTLAY ______________ ____________ ____________ _____________ ____________ ____________ ______
4-08-2020 01:56 PM CITY OF SANGER PAGE: 4
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: FEBRUARY 29TH, 2020
41 -4A CORPORATION
46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 41.67
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 10,560.44 1,023.10 52,285.90 0.00 141,272.20 26.63
4-08-2020 01:56 PM CITY OF SANGER PAGE: 5
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: FEBRUARY 29TH, 2020
41 -4A CORPORATION
74-TRANSFERS % OF YEAR COMPLETED: 41.67
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 10,560.44 1,023.10 52,285.90 0.00 141,272.20 26.63
============== ============ ============ ============= ============ ============ ======
** REVENUE OVER(UNDER) EXPENDITURES ** 219,215.00 84,859.09 1,023.10 200,567.53 0.00 17,624.37 91.96
4-08-2020 01:55 PM CITY OF SANGER PAGE: 1
BASE TRIAL BALANCE
AS OF: FEBRUARY 29TH, 2020
41 -4A CORPORATION
*** MONTH TO DATE *** *** YEAR TO DATE ***
ACCT# ACCOUNT NAME DEBITS CREDITS DEBITS CREDITS
______________________________________________________________________________________________________________________
ASSETS
======
41-00-1000 CLAIM ON CASH 85,965.36 486,060.57
41-00-1010 CKG-4A CASH (PROSP 90020693) 26.27 331,630.60
41-00-1012 MM-4A INV (PROSP 902551273) 334.18 478,101.16
41-00-1013 CD - #486639 0.00 95,533.33
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 86,325.81 0.00 2,548,497.61 347,163.00
============== ============== ============== ==============
LIABILITIES
===========
41-00-2000 ACCOUNTS PAYABLE CONTROL 1,466.72 3,331.65
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 0.00 1,466.72 375.00 5,666.10
============== ============== ============== ==============
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 70,059.08 225,771.97
41-00-4800 INTEREST INCOME 360.45 2,081.46
41-00-4986 Transfer from 4B 25,000.00 25,000.00
TOTAL REVENUES 0.00 95,419.53 0.00 252,853.43
============== ============== ============== ==============
EXPENDITURES
============
41-46-5110 REGULAR SALARIES 5,942.30 32,682.65
41-46-5125 LONGEVITY PAY 0.00 60.00
41-46-5128 AUTO ALLOWANCE 500.00 2,500.00
41-46-5129 CELL PHONE ALLOWANCE 50.00 250.00
41-46-5130 FICA 473.95 2,601.92
41-46-5140 RETIREMENT 540.43 2,903.50
41-46-5150 HEALTH INSURANCE 652.74 3,263.70
41-46-5160 WORKER'S COMPENSATION 0.00 184.73
41-46-5210 OFFICE SUPPLIES 0.00 233.87
41-46-5226 MARKETING & PROMOTION 1,950.00 2,905.15
41-46-5235 DUES & SUBSCRIPTIONS 0.00 500.00
4-08-2020 01:55 PM CITY OF SANGER PAGE: 2
BASE TRIAL BALANCE
AS OF: FEBRUARY 29TH, 2020
41 -4A CORPORATION
*** MONTH TO DATE *** *** YEAR TO DATE ***
ACCT# ACCOUNT NAME DEBITS CREDITS DEBITS CREDITS
______________________________________________________________________________________________________________________
EXPENDITURES (CONT)
====================
41-46-5240 CONFERENCES AND TRAINING 0.00 1,536.54
41-46-5280 COMPUTER SUPPLIES 0.00 1,183.06
41-46-5332 OFFICE MACHINE LEASE 0.00 531.30
41-46-5450 TECHNICAL SUPPORT 451.02 949.48 ______________
TOTAL EXPENDITURES 10,560.44 0.00 52,285.90 0.00
============== ============== ============== ==============
______________________________________________________________________________________________________________________
*** TOTALS BALANCE *** 96,886.25 96,886.25 2,601,158.51 2,601,158.51
============== ============== ============== ==============
*** END OF REPORT ***
TOTAL REVENUE 2013-2019
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 44,092 2016 $391,082
JAN 24,097 23,812 41,810 28,916 32,386 34,264 33,403 27,585 2017 $435,516
FEB 26,189 27,381 38,909 35,203 42,385 48,966 36,966 70,059 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 $225,772
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 315,055 334,755 386,739 391,082 435,516 436,100 442,506 225,772
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
$225,772
0
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Chart Title
4A ECONOMIC DEVELOPMENT BOARD AGENDA MEMO
AGENDA ITEM NO. 5.
AGENDA MEETING DATE: May 5, 2020
TO: Shani Bradshaw, 4B
FROM: Shani Bradshaw, Director of Economic Development
ITEM/CAPTION:
Informational Items
1) City Wide Comprehensive Plan
2) Warehouse
3) COVID19 Update
AGENDA TYPE: Regular
ACTION REQUESTED:
BACKGROUND:
Staff will provide a status on the CityWide Comprehensive Plan, prospect interest on the Warehouse and an update
regarding the impact from COVID19 on Sanger businesses.
LEGAL/BOARD COMMISSION RECOMMENDATIONS/CITIZEN NOTICE FEEDBACK:
NA
FINANCIAL SUMMARY FUNDING/FISCAL IMPACT:
NA
FUNDS:
NA
STAFF RECOMMENDATION/ACTION DESIRED:
NA