04/02/2024-4A-Agenda Packet-Regular4A INDUSTRIAL DEVELOPMENT BOARD
MEETING AGENDA
APRIL 02, 2024, 6:00 PM
4A INDUSTRIAL DEVELOPMENT BOARD REGULAR MEETING
DEVELOPMENT SERVICES BUILDING - 201 BOLIVAR STREET, SANGER, TEXAS 76266
CALL THE REGULAR MEETING TO ORDER AND ESTABLISH A QUORUM
INVOCATION AND PLEDGE
CITIZENS COMMENTS
This is an opportunity for citizens to address the Board on any matter. Comments related to
public hearings will be heard when the specific hearing begins. Citizens are allowed 3 minutes
to speak. Each speaker must complete the Speaker’s Form and include the topic(s) to be
presented. Citizens who wish to address the Board with regard to matters on the agenda will
be received at the time the item is considered. The Board is not allowed to converse, deliberate
or take action on any matter presented during citizen input.
CONSENT AGENDA
All items on the Consent Agenda will be acted upon by one vote without being discussed
separately unless requested by a Board member to remove the item(s) for additional discussion.
Any items removed from the Consent Agenda will be taken up for individual consideration.
1. Consideration and possible action on 4A minutes from 02-06-2024.
ACTION ITEMS
2. Consideration and possible action on a strategic plan.
DISCUSSION ITEMS
3. Discussion on future Board meeting dates
4. Discussion on the 4A Fiscal Year 2024-2025 Budget.
REPORTS
Staff Reports are for discussion only. No action may be taken on items listed under this portion
of the agenda.
5. Financial Reports.
1
6. Director’s Report.
FUTURE AGENDA ITEMS
The purpose of this item is to allow the President and Board members to bring forward items
they wish to discuss at a future meeting, A Board member may inquire about a subject for
which notice has not been given. A statement of specific factual information or the recitation of
existing policy may be given. Any deliberation shall be limited to a proposal to place the subject
on an agenda for a subsequent meeting. Items may be placed on a future meeting agenda with
a consensus of the Board or at the call of the President.
ADJOURN
NOTE: The Board reserves the right to adjourn into Executive Session as authorized by Texas
Government Code, Section 551.001, et seq. (The Texas Open Meetings Act) on any item on its
open meeting agenda in accordance with the Texas Open Meetings Act, including, without
limitation Sections 551.071-551.087 of the Texas Open Meetings Act.
CERTIFICATION
I certify that a copy of this meeting notice was posted on the bulletin board at City Hall that is
readily accessible to the general public at all times and was posted on the City of Sanger
website on March 27, 2024, at 2:45 PM.
Stefani Dodson
Stefani Dodson, Secretary
The Historical Church is wheelchair accessible. Request for additional accommodations or sign
interpretation or other special assistance for disabled attendees must be requested 48 hours
prior to the meeting by contacting the City Secretary’s Office at 940.458.7930.
2
4A INDUSTRIAL DEVELOPMENT BOARD
COMMUNICATION
DATE: April 2, 2024
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Consideration and possible action on 4A minutes from 02-06-2024.
SUMMARY:
Consideration and possible action on 4A minutes from 02-06-2024.
FISCAL INFORMATION:
Budgeted: NA Amount: NA GL Account: NA
RECOMMENDED MOTION OR ACTION:
Staff recommends approval.
ATTACHMENTS:
4A minutes from 02-06-2024.
3
Item 1.
4A Minutes 02-06-23
Page 1 of 2
4A INDUSTRIAL DEVELOPMENT BOARD
MEETING MINUTES
FEBRUARY 6, 2024, 6:00 PM
4A INDUSTRIAL DEVELOPMENT
DEVELOPMENT SERVICES BUILDING - 201 BOLIVAR STREET, SANGER, TEXAS 76266
CALL THE REGULAR MEETING TO ORDER AND ESTABLISH A QUORUM
As there was a quorum Board Member Kundrock called the meeting to order at 6:00 P.M.
BOARD MEMBERS PRESENT
Board Member, Place 1 Chris Kundrock
Board Member, Place 2 Sue Allison
Board Member, Place 3 Shannon Gann
Board Member, Place 4 Nancy McAlister
BOARD MEMBERS ABSENT
Board Member, Place 5 Drew Hall
STAFF MEMBERS PRESENT
Director of Economic Development Shani Bradshaw, and Secretary Shelley Warner.
CITIZENS COMMENTS
No citizens came forward to speak
CONSENT AGENDA
1. Consideration and possible action on 4A minutes from 11/28/2023.
Motion to approve the consent agenda was made by Board Member McAlister,
Seconded by Board Member Gann.
Voting Yea: Board Member Kundrock, and Board Member Allison. The motion passed
unanimously.
DISCUSSION ITEMS
1. Discussion regarding the development of a Strategic Plan.
4
Item 1.
4A Minutes 02-06-23
Page 2 of 2
Development Bradshaw discussed the item. The board recommended moving forward
with a strategic plan.
REPORTS
3. Financial Reports.
Director Bradshaw goes over the financial report.
4. Director’s Report.
Director Bradshaw provides an update.
FUTURE AGENDA ITEMS
No items were discussed.
ADJOURN
As there were no further items on the agenda Board Member Kundrock adjourned the
meeting at 6:51 PM.
5
Item 1.
4A INDUSTRIAL DEVELOPMENT BOARD
COMMUNICATION
DATE: April 2, 2024
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Consideration and possible action on a strategic plan.
SUMMARY:
Staff is seeking permission to put together a Request for Proposal (RFP) to bring back to the board
for consideration.
FISCAL INFORMATION:
Budgeted: NA Amount: Na GL Account: NA
RECOMMENDED MOTION OR ACTION:
Staff recommends approval. (RECOMMENDED MOTION) – I make a motion to approve the Director to
begin the RFP process for the strategic plan.
ATTACHMENTS:
NA
6
Item 2.
4A INDUSTRIAL DEVELOPMENT BOARD
COMMUNICATION
DATE: April 2, 2024
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Discussion on future Board meeting dates
SUMMARY:
Discuss future regular 4A board meeting dates.
FISCAL INFORMATION:
Budgeted: NA Amount: NA GL Account: NA
RECOMMENDED MOTION OR ACTION:
NA
ATTACHMENTS:
7
Item 3.
4A INDUSTRIAL DEVELOPMENT BOARD
COMMUNICATION
DATE: April 2, 2024
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Discussion on the 4A Fiscal Year 2024-2025 Budget.
SUMMARY:
Discuss the Fiscal Year 2024-2025 Budget.
FISCAL INFORMATION:
Budgeted: NA Amount: NA GL Account: NA
RECOMMENDED MOTION OR ACTION:
NA
ATTACHMENTS:
4A Budget FY 2024-2025 (Draft)
4A Revenue Expenditures Line Items
8
Item 4.
4A
REVENUES
2021-22 2022-23 2024-25
ACTUAL ACTUAL BUDGET Y-T-D PROJECTED REQUESTED AMOUNT %
00-4325 STATE SALES TAX 718,151 784,551 875,000 366,266 879,038 900,000 25,000 2.86%
00-4446 GRANT REVENUE 5,000 15,040 0 0 0 0 0 #DIV/0!
00-4800 INTEREST INCOME 28,844 67,770 40,000 35,223 84,534 50,000 10,000 25.00%
00-4910 MISC. INCOME - 4A 0 0 0 0 0 0 #DIV/0!
TOTALS 751,995 867,361 915,000 401,489 963,572 950,000 35,000 3.83%
GENERAL LEDGER ACCOUNT 2023-24 VARIANCE
9
Item 4.
4A
EXPENDITURES
2021-22 2022-23 2024-25
ACTUAL ACTUAL BUDGET Y-T-D PROJECTED REQUESTED AMOUNT %
52-SUPPLIES & MATERIALS
46-5210 OFFICE SUPPLIES 598 497 500 96 231 700 200 40.00%
46-5213 COMPUTER HARDWARE 0 990 1,000 33 78 2,255 1,255 125.50%
46-5214 COMPUTER SOFTWARE 0 4,000 3,500 0 0 4,000 500 14.29%
46-5215 FOOD 0 0 200 0 0 200 0 0.00%
46-5220 POSTAGE 6 6 50 0 0 50 0 0.00%
46-5226 MARKETING & PROMOTION 14,718 19,000 50,000 4,996 11,991 50,000 0 0.00%
46-5227 BUSINESS RETENTION EXPANSION 0 0 10,000 0 0 10,000 0 0.00%
46-5235 DUES & SUBSCRIPTIONS 2,187 9,526 10,000 4,450 10,679 15,000 5,000 50.00%
46-5240 CONFERENCES & TRAINING 3,229 1,753 10,000 683 1,638 10,000 0 0.00%
46-5285 FURNITURE & FIXTURES 0 0 0 0 0 500 500 #DIV/0!
53 - MAINTENANCE & OPERATIONS
46-5332 OFFICE MACHINE LEASE 730 682 900 310 744 900 0 0.00%
54-CONTRACT SERVICES
46-5425 LEGAL SERVICES 0 0 1,000 0 0 1,000 0 0.00%
46-5430 PROFESSIONAL SERVICES 12,500 8,238 23,000 50 120 23,000 0 0.00%
46-5450 TECHNICAL SUPPORT 0 0 1,000 0 0 1,000 0 0.00%
46-5452 WEBSITE 6,188 6,080 0 0 0 0 #DIV/0!
56-GRANT EXPENSES
46-5610 GRANT EXPENSES 0 0 0 0 0 0 #DIV/0!
TOTALS 40,156.00 50,772.00 111,150.00 10,618.00 25,481.00 118,605.00 7,455.00 6.71%
52-SUPPLIES & MATERIALS 20,738.00 35,772.00 85,250.00 10,258.00 24,617.00 92,705.00 7,455 8.74%
EXPLAIN CHANGE IN SUPPLIES & MATERIALS:8.74%
53 - MAINTENANCE & OPERATIONS 730.00 682.00 900.00 310.00 744.00 900.00 0 0.00%
EXPLAIN CHANGE IN MAINTENANCE & OPERATIONS:0.00%
54-CONTRACT SERVICES 18,688.00 14,318.00 25,000.00 50.00 120.00 25,000.00 0 0.00%
EXPLAIN CHANGE IN SUPPLIES & MATERIALS:0.00%
56-GRANT EXPENSES - - - - - - 0 #DIV/0!
EXPLAIN CHANGE IN SUPPLIES & MATERIALS:#DIV/0!
- - - - - -
GENERAL LEDGER ACCOUNT 2023-24 VARIANCE
The increase in Dues & Subscriptions is to allow for the addition of Placier.ai, a marketing and economic development tool. The cost of the service is 15k annually and will be split between the 4B and
Marketing. I have increased my computer hardware and software line items to replace one desktop computer, update software, and to accommodate the potential of adding a staff member. If person is not
approved, I would request $878. I have also increased office supplies and furniture to accommodate adding a new staff member. (Computer hardware, software, office supplies and furniture expendiitures are
split with 4B.)
10
Item 4.
Page 1 of 2
Sanger Industrial Development (4A) - Revenue and Expenditure Line Items
Estimated Revenues
4A Sales Tax – Projected income from sales tax for twelve (12) months.
Interest Income.
Funds Available – Funds available from Checking, Money Market, and Investment Accounts.
Expenditures
Salaries and Benefits – Salaries, Vacation Compensation, Longevity Pay, Auto Allowance, Cell Phone
Allowance, Retirement, Health Insurance, Workers Comp, Unemployment.
Office Supplies – Copier paper, laser cartridges, and other general supplies for day-to-day operations.
Computer Hardware – Computer hardware and accessories.
Computer Software – Annual website licenses, software updates, hosting, and troubleshooting.
Food – Board meetings and prospects.
Postage – Postage expenses for mailings
Marketing/Promotions – 10% of 4A tax proceeds (allowed by law). Ads for specific publications (DRC
Relocation Guide, DRC Economic Development Guide, Go Big Texas, RED Journals Economic Guide),
billboards, sponsorships, marketing materials, special events, public and legal notices, maps, photos,
and promotional items for trade shows and recruitment efforts.
Business Retention Program – Small business workshops, welcome letters to new businesses, quarterly
newsletters and online information, business surveys, lunches with local businesses, business
roundtables, business recognition awards, and workforce development.
Dues and Subscriptions – Including, but not limited to cost of membership fees for the International
Council of Shopping Centers (ICSC), Dallas Chamber, Texas Economic Development Council (TEDC),
Southern Economic Development Councils (SBEDC), Team Texas, International Economic Development
Council (IEDC); Sanger Chamber, Denton Chamber, Zoom Prospector, Placer.ai, EDOQI (CRM Tool),
REsimplifi, Magazine/Professional Subscriptions, and Biznow.
Conferences and Training – Conferences, tradeshow registration, and attendance with organizations
such as, but not limited to, the following: the Texas Economic Development Council (TEDC); International
Economic Development Council (IEDC); Southern Economic Development Council (SBEDC); Society of
Industrial and Office Realtors (SIOR); Industrial Asset Management Council; also includes local and
regional conferences that arise.
11
Item 4.
Page 2 of 2
Recruitment efforts with organizations such as the International Council of Shopping Centers (ICSC);
Team Texas, Texas ED Connection, the State of Texas, North Texas Commercial Association of Realtors
(NTCAR), and others.
Travel and related expenses, such as airfare, hotel, and per diem or other travel-related cost. This would
be for travel related to, but not limited to, conferences, tradeshows, recruitment efforts, and marketing
trips.
This item also includes prospect hosting (cost of travel, rental car, lodging, food, and entertainment for
prospects).
Furniture and Fixtures – Cost of new or replacement of office furniture.
Office Machine Lease – Copier and Printer.
Legal Expenses – Legal consultation services, research, opinions, agreements, etc.
Professional Service – The SIDC contracts various services with professionals and firms for specific
projects and tasks, such as strategic planning, engineering, research, study for prospects, utility studies,
or other studies that may arise that are needed for economic development. (Marketing analysis, trade
area, and demographic reports, Survey Monkey, maps, and charts, current demographics, and
projections needed for brokers and developers.)
Technical Support – Maintenance of computer systems and office network.
Capital Request –
CO Debt Payment –
12
Item 4.
4A INDUSTRIAL DEVELOPMENT BOARD
COMMUNICATION
DATE: April 2, 2024
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Financial Reports.
SUMMARY:
Financial Reports for the period ending February 29, 2024.
Revenues and expenditures reflect activity from October 1, 2023, through February 29, 2024.
Sales Tax Collections for February 29, 2024.
FISCAL INFORMATION:
Budgeted: NA Amount: NA GL Account: NA
RECOMMENDED MOTION OR ACTION:
NA
ATTACHMENTS:
Monthly Financial Report – February 2024
Revenue Expense Report – February 2024
Sales Tax Report – February 2024
13
Item 5.
Percent
Budget Actual of Budget
Revenue
Sales Tax 875,000 366,266 42%
Interest Income 40,000 44,249 111%
Grants
Total Revenue 915,000 410,515 45%
Expenditures
Salaries & Benefits 63,475 26,425 42%
Supplies & Materials 85,250 10,331 12%
Maintenance & Operations 900 310 34%
Contract Services 25,000 50 0%
Capital Outlay
Debt Service
Transfers 15,000
Total Expenditures 174,625 52,117 30%
Revenues Over Expenditures 740,375 358,399
Cash in Bank - First United 2,817,798
Cash in Bank - Prosperity 332,776
Money Market 2,034,614
Certificate of Deposit 97,970
Total Cash 5,283,158
February 29, 2024
Fund 4A
Sanger Texas Industrial Development Corporation
14
Item 5.
3-22-2024 08:06 AM CITY OF SANGER PAGE: 1
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: FEBRUARY 29TH, 2024
41 -4A CORPORATION
FINANCIAL SUMMARY % OF YEAR COMPLETED: 41.67
CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD
BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET
____________________________________________________________________________________________________________________________
REVENUE SUMMARY
TAXES 875,000 69,257.33 366,266.01 0.00 508,733.99 41.86
MISCELLANEOUS INCOME 40,000 9,275.65 44,249.19 0.00 ( 4,249.19) 110.62
TRANSFERS 0 0.00 0.00 0.00 0.00 0.00
TOTAL REVENUES 915,000 78,532.98 410,515.20 0.00 504,484.80 44.87
EXPENDITURE SUMMARY
46-ECONOMIC DEVELOPMENT 174,625 6,689.02 37,116.63 1,625.00 135,883.37 22.19
74-TRANSFERS 15,000 15,000.00 15,000.00 0.00 0.00 100.00
____________________________________________________________________________________________________________________________
TOTAL EXPENDITURES 189,625 21,689.02 52,116.63 1,625.00 135,883.37 28.34
REVENUE OVER/(UNDER) EXPENDITURES 725,375 56,843.96 358,398.57 ( 1,625.00) 368,601.43 49.18
15
Item 5.
3-22-2024 08:06 AM CITY OF SANGER PAGE: 2
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: FEBRUARY 29TH, 2024
41 -4A CORPORATION
FINANCIAL SUMMARY % OF YEAR COMPLETED: 41.67
CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD
REVENUES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET
____________________________________________________________________________________________________________________________
TAXES
00-4325 STATE SALES TAX 875,000 69,257.33 366,266.01 0.00 508,733.99 41.86
TOTAL TAXES 875,000 69,257.33 366,266.01 0.00 508,733.99 41.86
MISCELLANEOUS INCOME
00-4446 GRANT REVENUE 0 0.00 0.00 0.00 0.00 0.00
00-4800 INTEREST INCOME 40,000 9,275.65 44,249.19 0.00 ( 4,249.19) 110.62
00-4910 MISC. INCOME - 4A 0 0.00 0.00 0.00 0.00 0.00
00-4940 DONATIONS 0 0.00 0.00 0.00 0.00 0.00
00-4945 SALE OF CAPITAL ASSETS 0 0.00 0.00 0.00 0.00 0.00
TOTAL MISCELLANEOUS INCOME 40,000 9,275.65 44,249.19 0.00 ( 4,249.19) 110.62
TRANSFERS
00-4980 TRANSFER FROM ENTERPRISE 0 0.00 0.00 0.00 0.00 0.00
00-4986 TRANSFER FROM 4B 0 0.00 0.00 0.00 0.00 0.00
TOTAL TRANSFERS 0 0.00 0.00 0.00 0.00 0.00
____________________________________________________________________________________________________________________________
TOTAL REVENUE 915,000 78,532.98 410,515.20 0.00 504,484.80 44.87
============ ============== ============== ============== ============== =======
16
Item 5.
3-22-2024 08:06 AM CITY OF SANGER PAGE: 3
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: FEBRUARY 29TH, 2024
41 -4A CORPORATION
46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 41.67
CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD
DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET
____________________________________________________________________________________________________________________________
51-SALARIES AND BENEFITS
46-5110 REGULAR SALARIES 44,335 3,378.47 18,580.61 0.00 25,754.39 41.91
46-5117 VACATION COMPENSATION 1,000 0.00 0.00 0.00 1,000.00 0.00
46-5125 LONGEVITY PAY 385 0.00 378.00 0.00 7.00 98.18
46-5128 AUTO ALLOWANCE 3,000 250.00 1,250.00 0.00 1,750.00 41.67
46-5129 CELL PHONE ALLOWANCE 300 25.01 125.05 0.00 174.95 41.68
46-5130 FICA 3,675 279.81 1,557.36 0.00 2,117.64 42.38
46-5140 RETIREMENT 6,215 472.19 2,645.10 0.00 3,569.90 42.56
46-5150 HEALTH INSURANCE 4,200 351.79 1,758.95 0.00 2,441.05 41.88
46-5160 WORKER'S COMPENSATION 235 0.00 130.10 0.00 104.90 55.36
46-5170 T W C 130 0.00 0.00 0.00 130.00 0.00
TOTAL 51-SALARIES AND BENEFITS 63,475 4,757.27 26,425.17 0.00 37,049.83 41.63
52-SUPPLIES AND MATERIALS
46-5210 OFFICE SUPPLIES 500 74.58 170.65 0.00 329.35 34.13
46-5213 COMPUTER HARDWARE 1,000 0.00 32.50 0.00 967.50 3.25
46-5214 COMPUTER SOFTWARE 3,500 0.00 0.00 0.00 3,500.00 0.00
46-5215 FOOD 200 0.00 0.00 0.00 200.00 0.00
46-5220 POSTAGE 50 0.00 0.00 0.00 50.00 0.00
46-5226 MARKETING & PROMOTION 50,000 1,750.00 4,996.30 1,625.00 43,378.70 13.24
46-5227 BUSINESS RETENTION EXPAN 10,000 0.00 0.00 0.00 10,000.00 0.00
46-5235 DUES & SUBSCRIPTIONS 10,000 0.00 4,449.50 0.00 5,550.50 44.50
46-5240 CONFERENCES & TRAINING 10,000 45.17 682.51 0.00 9,317.49 6.83
46-5285 FURNITURE & FIXTURES 0 0.00 0.00 0.00 0.00 0.00
TOTAL 52-SUPPLIES AND MATERIALS 85,250 1,869.75 10,331.46 1,625.00 73,293.54 14.03
53-MAINTENANCE AND OPERAT
46-5310 R & M BUILDING 0 0.00 0.00 0.00 0.00 0.00
46-5332 OFFICE MACHINE LEASE 900 62.00 310.00 0.00 590.00 34.44
TOTAL 53-MAINTENANCE AND OPERAT 900 62.00 310.00 0.00 590.00 34.44
54-CONTRACT SERVICES
46-5425 LEGAL SERVICES 1,000 0.00 0.00 0.00 1,000.00 0.00
46-5430 PROFESSIONAL SERVICES 23,000 0.00 50.00 0.00 22,950.00 0.22
46-5450 TECHNICAL SUPPORT 1,000 0.00 0.00 0.00 1,000.00 0.00
46-5452 WEBSITE 0 0.00 0.00 0.00 0.00 0.00
TOTAL 54-CONTRACT SERVICES 25,000 0.00 50.00 0.00 24,950.00 0.20
56-GRANT EXPENSES
46-5610 GRANT EXPENSES 0 0.00 0.00 0.00 0.00 0.00
TOTAL 56-GRANT EXPENSES 0 0.00 0.00 0.00 0.00 0.00
17
Item 5.
3-22-2024 08:06 AM CITY OF SANGER PAGE: 4
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: FEBRUARY 29TH, 2024
41 -4A CORPORATION
46-ECONOMIC DEVELOPMENT % OF YEAR COMPLETED: 41.67
CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD
DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET
____________________________________________________________________________________________________________________________
60-CAPITAL OUTLAY < $5K
46-6025 COMPUTER HARDWARE 0 0.00 0.00 0.00 0.00 0.00
46-6026 COMPUTER SOFTWARE 0 0.00 0.00 0.00 0.00 0.00
46-6040 FURNITURE & FIXTURES 0 0.00 0.00 0.00 0.00 0.00
TOTAL 60-CAPITAL OUTLAY < $5K 0 0.00 0.00 0.00 0.00 0.00
61-CAPITAL OUTLAY
46-6120 BUILDING IMPROVEMENTS 0 0.00 0.00 0.00 0.00 0.00
TOTAL 61-CAPITAL OUTLAY 0 0.00 0.00 0.00 0.00 0.00
71-DEPRECIATION
46-7100 DEPRECIATION EXPENSE 0 0.00 0.00 0.00 0.00 0.00
TOTAL 71-DEPRECIATION 0 0.00 0.00 0.00 0.00 0.00
70-DEBT PAYMENTS
46-7099 INTEREST EXPENSE 0 0.00 0.00 0.00 0.00 0.00
TOTAL 70-DEBT PAYMENTS 0 0.00 0.00 0.00 0.00 0.00
____________________________________________________________________________________________________________________________
TOTAL 46-ECONOMIC DEVELOPMENT 174,625 6,689.02 37,116.63 1,625.00 135,883.37 22.19
18
Item 5.
3-22-2024 08:06 AM CITY OF SANGER PAGE: 5
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: FEBRUARY 29TH, 2024
41 -4A CORPORATION
74-TRANSFERS % OF YEAR COMPLETED: 41.67
CURRENT CURRENT YEAR TO DATE TOTAL BUDGET % YTD
DEPARTMENTAL EXPENDITURES BUDGET PERIOD ACTUAL ENCUMBERED BALANCE BUDGET
____________________________________________________________________________________________________________________________
74-TRANSFERS
74-7401 TRANSFER TO GF 0 0.00 0.00 0.00 0.00 0.00
74-7404 TRANSFERS TO CIP 0 0.00 0.00 0.00 0.00 0.00
74-7408 TRANSFER TO ENTERPRISE F 0 0.00 0.00 0.00 0.00 0.00
74-7484 TRANSFER TO ENT CIP 0 0.00 0.00 0.00 0.00 0.00
74-7499 TRANSFER TO I S F 15,000 15,000.00 15,000.00 0.00 0.00 100.00
TOTAL 74-TRANSFERS 15,000 15,000.00 15,000.00 0.00 0.00 100.00
____________________________________________________________________________________________________________________________
TOTAL 74-TRANSFERS 15,000 15,000.00 15,000.00 0.00 0.00 100.00
TOTAL EXPENDITURES 189,625 21,689.02 52,116.63 1,625.00 135,883.37 28.34
============ ============== ============== ============== ============== =======
REVENUE OVER/(UNDER) EXPENDITURES 725,375 56,843.96 358,398.57 ( 1,625.00) 368,601.43 49.18
19
Item 5.
Economic Development Sales Tax Report
Month 2019-2020 Total 2020-2021 Total 2021-2022 Total 2022-2023 Total 2023-2024 Total
OCT 41,961 41,961 52,602 52,602 50,303 55,222 65,621 65,621 84,045 84,045
NOV 42,075 84,036 50,054 102,656 55,222 105,525 61,751 127,372 72,499 156,544
DEC 44,092 128,128 52,405 155,061 48,145 153,670 72,220 199,591 62,317 218,861
JAN 27,585 155,713 44,941 200,002 56,155 209,825 61,974 261,565 78,147 297,009
FEB 70,059 225,772 62,144 262,146 76,753 286,579 71,749 333,314 69,257 366,266
MAR 40,966 266,738 49,700 311,846 57,471 344,049 52,565 385,879
APR 35,736 302,474 48,180 360,026 44,446 388,495 54,627 440,506
MAY 41,692 344,166 63,691 423,717 64,395 452,890 67,275 507,780
JUN 50,482 394,647 47,099 470,816 65,968 518,858 60,186 567,966
JUL 49,189 443,837 50,290 521,106 56,987 575,845 61,729 629,695
AUG 47,386 491,222 62,523 583,629 68,209 644,054 62,807 692,502
SEP 42,073 553,295 52,474 636,104 51,911 695,965 63,730 756,232 `
TOTAL 533,295 533,295 636,104 636,104 695,965 695,965 756,232 756,232 366,266
BUDGET 385,000 148,295 462,500 173,604 600,000 95,965 800,000 (43,768)875,000 (875,000)
Actual Actual %Actual Actual %
2024 2023 Change 2024 2023 Change
$ 69,257 $ 71,749 -3%$ 366,266 $ 333,314 10%
`
Feb-24 Year To Date
533,295
636,104
695,965
756,232
366,266
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024
SALES TAX REVENUE 2019-2023
20
Item 5.
4A INDUSTRIAL DEVELOPMENT BOARD
COMMUNICATION
DATE: April 2, 2024
FROM: Shani Bradshaw, Director of Economic Development
AGENDA ITEM: Director’s Report
SUMMARY:
Update on Economic Development activities.
Update from board members Chris Kundrock and Sue Allision on the City Council Workshop held on
March 4, 2024, discussing the strategic direction of the Economic Development Corporation.
FISCAL INFORMATION:
Budgeted: NA Amount: NA GL Account: NA
RECOMMENDED MOTION OR ACTION:
NA
ATTACHMENTS:
21
Item 6.