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10/02/2018-4A-Agenda Packet-RegularBANGER *TEXAS AGENDA 4A SANGER INDUSTRIAL DEVELOPMENT CORPORATION TUESDAY, OCTOBER 2, 2018 201 BOLIVAR STREET SANGER, TX 76266 1:OOPM 1. Call Meeting to Order. 2. Election of Officers. 3. Approval of the 4A Minutes for the August 7, 2018 Meeting. 4. Review Financial Reports. 5. Staff Update: a) 103 Bolivar Street b) Site Visits and Prospects c) Upcoming Events, Meetings, and Trainings 6. Citizen Comments: This is an opportunity for citizens to address the Board concerning an issue of community interest that is not on the agenda. Comments on a specific agenda item must be made when the agenda items comes before the Board The President may place a time limit on all comments. Any deliberation of an issue raised during Citizen Comments is limited to a proposal to place it on the agenda for a later meeting. 7. Adjourn. Cheryl ce, City Secretary City of Sanger, Texas °1 /as lip �-345 .� Date & Time Posted This facility is wheelchair accessible and accessible parking spaces are available. Requests for accommodations or interpretative services must be made 48 hours prior to this meeting. Please contact Economic Development at (940) 458-9096 for further information. 4A Sanger Industrial Development Corporation October 2, 2018 Community Development Building, 201 Bolivar Street Cover Sheet Agenda Item: 2 Title: Election of New Officers Department: Economic Development Contact: Shani Bradshaw, Director of Economic Development Background: Members need to elect new officer positions this meeting date. The elected officers of the corporation shall be a President, Vice President, Secretary and Treasurer. Expenditure Required: NA Additional Required: NA Budget Amendment Needed: NA City Attorney Review: NA Recommendation: To elect new officers this meeting date. Attachments: NA 4A Sanger Industrial Development Corporation October 2, 2018 Community Development Building, 201 Bolivar Street Cover Sheet Agenda Item: 3 Title: Approval of the Minutes from the August 7, 2018 Board Meeting Department: Economic Development Contact: Shani Bradshaw, Director of Economic Development Background: The Board should review and take action on the Minutes from the August 7, 2018 4A Board Meeting. Expenditure Required: NA Additional Required: NA Budget Amendment Needed: NA City Attorney Review: NA Recommendation: Approve the Minutes from the August 7, 2018 Board Meeting Attachments: ● Minutes from the August 7, 2018 Board Meeting MINUTES: 4A Sanger Industrial Development Corporation AUGUST 7, 2018 MEMBERS PRESENT: Elizabeth Springer, Fred Yeatts, Dennis Dillon MEMBERS ABSENT: John Jacobs, Victor Gann, Don Gillum OTHERS PRESENT: Director of Economic and Community Development Alina Ciocan, Permit Technician Stefani Dodson 1. Call Meeting to Order. 1:02 P.M. 2. Approve Minutes: March 6, 2018 Make a motion to approve by Fred Yeatts. Dennis Dillon seconded. Motion passes unanimously 3. Review Financials. Alina speaks briefly and state the sales tax are performing as projected. We still have a few months to collect. Talks about the budget has not had to spend a lot in the budget due to Alina having to work in multiple departments for a few months. She said what is not reflected in the financials is the board approved $500,000.00 to assist in the infrastructure improvements on the east side of I35 to expand utilities. That transaction has been approved by City Council in October, but we have not made the transfer. 4. Consider, Discuss and Possibly Approve the Fiscal Year 2018/2019 Budget. Alina speaks briefly about the budget. The budget pretty much was same. A few differences will be that we requested $30,000.00 for an updated comprehensive plan to be done. We were unable to do this as we had personal changes. We are still wanting to do this so we are requesting an increase to $45,000.00. The reason for the increase is we were going to file for a grant. We are still going to file for a grant but in case we don’t get it we would like to be able to still proceed. The last comprehensive plan we did was back in 2007 and things have changed since. Another change is the Enterprise Fund normally transfers over $25,000.00 to 4A to help with administrative cost and that will not happen this year as that fund is very tight. We are hoping to be able to do it back in 2019-2020 year. We still have the payment on 103 Bolivar. Mr. Brice made a decision that we will make a transfer into the internal service fund of $4,100.00 because we don’t collect rent and to make a contributions. 4A will not be paying the $4100.00 this year Alina has omitted it since there won’t be a transfer from Enterprise Fund. Springer asks about the note payment on the warehouse. They go over the print out in the agenda. Motion to approve made by Fred Yeatts. Dennis Dillon seconded. Motion passes unanimously. 5. Staff Updates Regarding the Economic Development Director Position. Alina explains that she was made the City Manager in June. She explains that the departments were divided back as they once were. Ramie was promoted to Director of Development Services. She explains a little about the new applicant. She can’t give us too many details until the applicant accepts the position. 6. Discussion of Property Located at 103 Bolivar St. Alina explains the history a little about the property since we have a new board member present. Alina asked if we can revisit the discussion in the next meeting with the new Economic Director. Explains that she believes that the board is wanting a business that is good for the City. Elizabeth Springer brings up the last appraisal was done in 2015 and wants to know how big of a difference in price would be now. Explains that they may have to get a new appraisal because the other is out dated. It is something they should revisit with the new employee. Alina would like to schedule another meeting to introduce the new employee and discuss the property again with them. 7. Citizen Comments. No Citizens 8. Adjourn. 1:42 P.M. 4A Sanger Industrial Development Corporation October 2, 2018 Community Development Building, 201 Bolivar Street Cover Sheet Agenda Item: 4 Title: Financial Reports Department: Economic Development Contact: Shani Bradshaw, Director of Economic Development Background: Balance/Financial Statements as of August 31, 2018 and a monthly Sales Tax Report as of August 31, 2018. Expenditure Required: NA Additional Required: NA Budget Amendment Needed: NA City Attorney Review: NA Recommendation: NA Attachments: ● Balance Sheet ● Revenue & Expense Report ● Trial Balance ● Monthly Sales Tax Report 9-25-2018 02:18 PM CITY OF SANGER PAGE: 1 BALANCE SHEET AS OF: AUGUST 31ST, 2018 41 -4A CORPORATION ACCOUNT # ACCOUNT DESCRIPTION BALANCE _____________________________________________________________________________________________ ASSETS ====== 41-00-1000 CLAIM ON CASH 601,203.65 41-00-1010 CKG-4A CASH (PROSP 90020693) 387,271.34 41-00-1012 MM-4A INV (PROSP 902551273) 471,110.18 41-00-1013 CD - #486639 94,806.42 41-00-1153 SALES TAX RECEIVABLE 67,407.54 1,621,799.13 TOTAL ASSETS 1,621,799.13 ============== LIABILITIES =========== 41-00-2000 ACCOUNTS PAYABLE CONTROL 1,395.13 41-00-2403 ACCRUED WAGES PAYABLE 1,500.00 41-00-2404 ACCRUED FICA PAYABLE 114.75 41-00-2900 Encumbrances ( 1,650.00) 41-00-2910 Reserve for Encumbrance 1,650.00 TOTAL LIABILITIES 3,009.88 EQUITY ====== 41-00-3015 FUND BALANCE - RESTRICTED 1,312,842.81 TOTAL BEGINNING EQUITY 1,312,842.81 TOTAL REVENUE 450,552.24 TOTAL EXPENSES 144,605.80 TOTAL REVENUE OVER/(UNDER) EXPENSES 305,946.44 TOTAL EQUITY & REV. OVER/(UNDER) EXP. 1,618,789.25 TOTAL LIABILITIES, EQUITY & REV.OVER/(UNDER) EXP. 1,621,799.13 ============== 9-25-2018 02:18 PM CITY OF SANGER PAGE: 1 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: AUGUST 31ST, 2018 41 -4A CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 91.67 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 39,660.97 0.00 397,820.12 0.00 ( 12,820.12 103.33 INTEREST 1,000.00 383.40 0.00 2,732.12 0.00 ( 1,732.12 273.21 TRANSFERS 50,000.00 0.00 0.00 50,000.00 0.00 0.00 100.00 TOTAL REVENUES 436,000.00 40,044.37 0.00 450,552.24 0.00 ( 14,552.24 103.34 EXPENDITURE SUMMARY 46-ECONOMIC DEVELOPMENT 247,224.00 6,960.69 0.00 144,605.80 0.00 102,618.20 58.49 74-TRANSFERS 504,100.00 0.00 0.00 0.00 0.00 504,100.00 0.00 ___________________________________________________________________________________________________________________________________ TOTAL EXPENDITURES 751,324.00 6,960.69 0.00 144,605.80 0.00 606,718.20 19.25 REVENUE OVER/(UNDER) EXPENDITURES ( 315,324.00) 33,083.68 0.00 305,946.44 0.00 ( 621,270.44 97.03- 9-25-2018 02:18 PM CITY OF SANGER PAGE: 2 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: AUGUST 31ST, 2018 41 -4A CORPORATION FINANCIAL SUMMARY % OF YEAR COMPLETED: 91.67 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 39,660.97 0.00 397,820.12 0.00 ( 12,820.12 103.33 TOTAL TAXES 385,000.00 39,660.97 0.00 397,820.12 0.00 ( 12,820.12 103.33 GRANTS ______________ ____________ ____________ _____________ ____________ ____________ ______ INTEREST 00-4800 INTEREST INCOME 1,000.00 383.40 0.00 2,732.12 0.00 ( 1,732.12 273.21 TOTAL INTEREST 1,000.00 383.40 0.00 2,732.12 0.00 ( 1,732.12 273.21 RENTAL INCOME ______________ ____________ ____________ _____________ ____________ ____________ ______ TRANSFERS 00-4980 Transfer from Ent Fund 25,000.00 0.00 0.00 25,000.00 0.00 0.00 100.00 00-4986 Transfer from 4B 25,000.00 0.00 0.00 25,000.00 0.00 0.00 100.00 TOTAL TRANSFERS 50,000.00 0.00 0.00 50,000.00 0.00 0.00 100.00 ___________________________________________________________________________________________________________________________________ TOTAL REVENUES 436,000.00 40,044.37 0.00 450,552.24 0.00 ( 14,552.24 103.34 ============== ============ ============ ============= ============ ============ ====== 9-25-2018 02:18 PM CITY OF SANGER PAGE: 3 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: AUGUST 31ST, 2018 41 -4A CORPORATION 46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 91.67 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 91,910.00 0.00 0.00 63,808.44 0.00 28,101.56 69.42 46-5111 MERIT INCREASE 3,217.00 0.00 0.00 0.00 0.00 3,217.00 0.00 46-5125 LONGEVITY PAY 148.00 0.00 0.00 118.40 0.00 29.60 80.00 46-5128 AUTO ALLOWANCE 6,000.00 0.00 0.00 4,250.00 0.00 1,750.00 70.83 46-5129 CELL PHONE ALLOWANCE 600.00 0.00 0.00 450.00 0.00 150.00 75.00 46-5130 FICA 7,793.00 0.00 0.00 5,179.16 0.00 2,613.84 66.46 46-5140 RETIREMENT 8,099.00 0.00 0.00 5,352.23 0.00 2,746.77 66.09 46-5150 HEALTH INSURANCE 7,800.00 0.00 0.00 4,598.43 0.00 3,201.57 58.95 46-5160 WORKER'S COMPENSATION 489.00 0.00 0.00 233.64 0.00 255.36 47.78 46-5170 T W C 171.00 0.00 0.00 193.98 0.00 ( 22.98 113.44 TOTAL 51-SALARIES AND BENEFITS 126,227.00 0.00 0.00 84,184.28 0.00 42,042.72 66.69 52-SUPPLIES AND MATERIALS 46-5210 OFFICE SUPPLIES 800.00 45.13 0.00 175.28 0.00 624.72 21.91 46-5215 FOOD 300.00 0.00 0.00 37.08 0.00 262.92 12.36 46-5226 MARKETING & PROMOTION 10,000.00 0.00 0.00 262.50 0.00 9,737.50 2.63 46-5235 DUES & SUBSCRIPTIONS 2,000.00 365.00 0.00 1,447.00 0.00 553.00 72.35 46-5240 CONFERENCES AND TRAINING 4,000.00 0.00 0.00 775.50 0.00 3,224.50 19.39 46-5280 COMPUTERS, PRINTERS, ETC 500.00 0.00 0.00 0.00 0.00 500.00 0.00 TOTAL 52-SUPPLIES AND MATERIALS 17,600.00 410.13 0.00 2,697.36 0.00 14,902.64 15.33 53-MAINTENANCE AND OPERAT 46-5310 R & M BUILDING 5,000.00 95.00 0.00 95.00 0.00 4,905.00 1.90 46-5332 OFFICE MACHINE LEASE 880.00 0.00 0.00 0.00 0.00 880.00 0.00 TOTAL 53-MAINTENANCE AND OPERAT 5,880.00 95.00 0.00 95.00 0.00 5,785.00 1.62 54-CONTRACT SERVICES 46-5430 PROFESSIONAL SERVICE 33,000.00 0.00 0.00 0.00 0.00 33,000.00 0.00 46-5450 TECHNICAL SUPPORT 1,500.00 0.00 0.00 118.00 0.00 1,382.00 7.87 46-5451 ANNUAL SOFTWARE SUPPORT 1,750.00 1,350.00 0.00 1,350.00 0.00 400.00 77.14 TOTAL 54-CONTRACT SERVICES 36,250.00 1,350.00 0.00 1,468.00 0.00 34,782.00 4.05 55-UTILITIES ______________ ____________ ____________ _____________ ____________ ____________ ______ 56-GRANT EXPENSES ______________ ____________ ____________ _____________ ____________ ____________ ______ 60-CAPITAL OUTLAY < $5K ______________ ____________ ____________ _____________ ____________ ____________ ______ 61-CAPITAL OUTLAY ______________ ____________ ____________ _____________ ____________ ____________ ______ 9-25-2018 02:18 PM CITY OF SANGER PAGE: 4 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: AUGUST 31ST, 2018 41 -4A CORPORATION 46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 91.67 CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF DEPARTMENTAL EXPENDITURES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET ___________________________________________________________________________________________________________________________________ 70-DEBT PAYMENTS 46-7007 NOTE PAYMENTS - WAREHOUSE 46,014.00 3,853.00 0.00 41,849.59 0.00 4,164.41 90.95 46-7099 INTEREST EXPENSE 15,253.00 1,252.56 0.00 14,311.57 0.00 941.43 93.83 TOTAL 70-DEBT PAYMENTS 61,267.00 5,105.56 0.00 56,161.16 0.00 5,105.84 91.67 ___________________________________________________________________________________________________________________________________ TOTAL 46-ECONOMIC DEVELOPMENT 247,224.00 6,960.69 0.00 144,605.80 0.00 102,618.20 58.49 9-25-2018 02:18 PM CITY OF SANGER PAGE: 5 REVENUE & EXPENSE REPORT (UNAUDITED) AS OF: AUGUST 31ST, 2018 41 -4A CORPORATION 74-TRANSFERS % OF YEAR COMPLETED: 91.67 CURRENT CURRENT PRIOR YEAR Y-T-D Y-T-D BUDGET % OF DEPARTMENTAL EXPENDITURES BUDGET PERIOD PO ADJUST. ACTUAL ENCUMBRANCE BALANCE BUDGET ___________________________________________________________________________________________________________________________________ 74-TRANSFERS 74-7484 TRANSFER TO ENT CIP 500,000.00 0.00 0.00 0.00 0.00 500,000.00 0.00 74-7499 TRANSFER TO I S F 4,100.00 0.00 0.00 0.00 0.00 4,100.00 0.00 TOTAL 74-TRANSFERS 504,100.00 0.00 0.00 0.00 0.00 504,100.00 0.00 ___________________________________________________________________________________________________________________________________ TOTAL 74-TRANSFERS 504,100.00 0.00 0.00 0.00 0.00 504,100.00 0.00 TOTAL EXPENDITURES 751,324.00 6,960.69 0.00 144,605.80 0.00 606,718.20 19.25 ============== ============ ============ ============= ============ ============ ====== ** REVENUE OVER(UNDER) EXPENDITURES *( 315,324.00) 33,083.68 0.00 305,946.44 0.00 ( 621,270.44 97.03- 9-25-2018 02:17 PM CITY OF SANGER PAGE: 1 BASE TRIAL BALANCE AS OF: AUGUST 31ST, 2018 41 -4A CORPORATION *** MONTH TO DATE *** *** YEAR TO DATE *** ACCT# ACCOUNT NAME DEBITS CREDITS DEBITS CREDITS ______________________________________________________________________________________________________________________ ASSETS ====== 41-00-1000 CLAIM ON CASH 39,540.97 601,203.65 41-00-1010 CKG-4A CASH (PROSP 90020693) 5,072.60 387,271.34 41-00-1012 MM-4A INV (PROSP 902551273) 294.10 471,110.18 41-00-1013 CD - #486639 56.34 94,806.42 41-00-1153 SALES TAX RECEIVABLE 0.00 67,407.54 ______________ TOTAL ASSETS 39,891.41 5,072.60 1,621,799.13 0.00 ============== ============== ============== ============== LIABILITIES =========== 41-00-2000 ACCOUNTS PAYABLE CONTROL 1,735.13 1,395.13 41-00-2403 ACCRUED WAGES PAYABLE 0.00 1,500.00 41-00-2404 ACCRUED FICA PAYABLE 0.00 114.75 41-00-2900 Encumbrances 0.00 1,650.00 41-00-2910 Reserve for Encumbrance 0.00 1,650.00 TOTAL LIABILITIES 0.00 1,735.13 1,650.00 4,659.88 ============== ============== ============== ============== FUND BALANCE ============ 41-00-3015 FUND BALANCE - RESTRICTED 0.00 1,312,842.81 TOTAL EQUITY/FUND BALANCE 0.00 0.00 0.00 1,312,842.81 ============== ============== ============== ============== REVENUES ======== 41-00-4325 STATE SALES TAX 39,660.97 397,820.12 41-00-4800 INTEREST INCOME 383.40 2,732.12 41-00-4980 Transfer from Ent Fund 0.00 25,000.00 41-00-4986 Transfer from 4B 0.00 25,000.00 TOTAL REVENUES 0.00 40,044.37 0.00 450,552.24 ============== ============== ============== ============== EXPENDITURES ============ 41-46-5110 REGULAR SALARIES 0.00 63,808.44 41-46-5125 LONGEVITY PAY 0.00 118.40 41-46-5128 AUTO ALLOWANCE 0.00 4,250.00 41-46-5129 CELL PHONE ALLOWANCE 0.00 450.00 41-46-5130 FICA 0.00 5,179.16 41-46-5140 RETIREMENT 0.00 5,352.23 41-46-5150 HEALTH INSURANCE 0.00 4,598.43 41-46-5160 WORKER'S COMPENSATION 0.00 233.64 41-46-5170 T W C 0.00 193.98 41-46-5210 OFFICE SUPPLIES 45.13 175.28 41-46-5215 FOOD 0.00 37.08 9-25-2018 02:17 PM CITY OF SANGER PAGE: 2 BASE TRIAL BALANCE AS OF: AUGUST 31ST, 2018 41 -4A CORPORATION *** MONTH TO DATE *** *** YEAR TO DATE *** ACCT# ACCOUNT NAME DEBITS CREDITS DEBITS CREDITS ______________________________________________________________________________________________________________________ EXPENDITURES (CONT) ==================== 41-46-5226 MARKETING & PROMOTION 0.00 262.50 41-46-5235 DUES & SUBSCRIPTIONS 365.00 1,447.00 41-46-5240 CONFERENCES AND TRAINING 0.00 775.50 41-46-5310 R & M BUILDING 95.00 95.00 41-46-5450 TECHNICAL SUPPORT 0.00 118.00 41-46-5451 ANNUAL SOFTWARE SUPPORT 1,350.00 1,350.00 41-46-7007 NOTE PAYMENTS - WAREHOUSE 3,853.00 41,849.59 41-46-7099 INTEREST EXPENSE 1,252.56 14,311.57 ______________ TOTAL EXPENDITURES 6,960.69 0.00 144,605.80 0.00 ============== ============== ============== ============== ______________________________________________________________________________________________________________________ *** TOTALS BALANCE *** 46,852.10 46,852.10 1,768,054.93 1,768,054.93 ============== ============== ============== ============== *** END OF REPORT *** 2013 2014 2015 2016 2017 2018 OCT 23,310 25,572 26,843 29,528 33,532 36,117 NOV 28,064 28,823 31,897 36,744 36,725 38,951 DEC 25,854 27,350 28,786 30,055 37,133 32,669 JAN 24,097 23,812 41,810 28,916 32,386 34,264 FEB 26,189 27,381 38,909 35,203 42,385 48,966 MAR 21,635 22,628 29,841 30,091 34,273 32,712 APR 25,163 27,445 29,329 31,321 29,088 28,440 MAY 28,095 37,356 33,641 34,401 42,345 39,427 JUN 28,181 26,167 29,030 32,746 30,853 31,811 JUL 24,929 27,420 27,800 32,803 35,710 34,802 AUG 29,775 29,546 35,487 37,628 42,725 39,661 SEP 29,761 31,256 33,366 31,646 38,361 TOTAL 315,055 334,755 386,739 391,082 435,516 397,820 BUDGET 250,000 300,000 320,000 362,500 362,500 385,000 4A & 4B SALES TAX REVENUE 0 10,000 20,000 30,000 40,000 50,000 60,000 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP 4A 2017 2018 TOTAL REVENUE 2012-2017 2012 $301,160 2013 $315,055 2014 $334,755 2015 $386,739 2016 $391,082 2017 $435,516 4A Sanger Industrial Development Corporation October 2, 2018 Community Development Building, 201 Bolivar Street Cover Sheet Agenda Item: 5 Title: Staff Update Department: Economic Development Contact: Shani Bradshaw, Director of Economic Development 103 Bolivar Street Staff recently met with the City Manager to discuss the property located at 103 Bolivar Street. Staff will be spending time over the next few days getting familiar with the project, and will discuss the project with the Board at the next scheduled Board meeting. Site Visits and Prospects Staff has completed a few site visits in the downtown area (Sanger Chamber, The Candy Jar and Tax Office), and has also met with a few prospects. Upcoming Events, Meetings, Trainings ●TEDC Conference - October 17, 18, 19 The Texas Economic Development Council will host their 2018 annual conference in downtown Fort Worth this year. This two and one-half day event will feature numerous keynote presentations, breakout sessions, and peer-to-peer discussions on economic development topics and trends. There will also be several networking opportunities and two receptions. ●Sanger Chamber Luncheon - October 24 ●ACE TRAIN Event - October 25 at the Sanger Library, from 10am to 3pm I’ve been working with the North Central College on hosting a resource training event for small business owners here in Sanger. NCTC’s Adult and Continuing Education division will host the so-called ACE TRAIN event, in which the latter word stands for Training and Resources Advancing Industry Needs. Resources include help creating a customized training program, finding skilled employees, accessing training coordinators and applying to grants for small businesses. ACE works in conjunction with its partners including the Texas Workforce Commission, North Central Texas Small Business Development Center, Texas Veterans Commission and Workforce Solutions North Central Texas. ●Halloween Trick or Trot 5K and Monster Fun Run - October 27 Expenditure Required: NA Additional Required: NA Budget Amendment Needed: NA City Attorney Review: NA Recommendation: NA Attachments: NA