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08.28.2012 EDC Packet - PublicECONOMIC DEVELOPMENT CORPORATION AGENDA BOARD OF DIRECTORS - REGULAR MEETING August 28, 2012 CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE REGULAR SESSION - 7:15 PM (Meeting may begin 15 mins late due to Congressman Barton’s event directly prior to EDC) I. CALL TO ORDER II. ROLL CALL III. MINUTES APPROVAL A. Consider approval of minutes from July 24, 2012 regular meeting. IV. REGULAR ITEMS A. Discuss concept development for Oak Crest area and Kennedale Parkway. B. Review and accept the KEDC Financial Report for Jul 2012. V. STAFF ANNOUNCEMENTS/REPORTS A. Updates from the Executive Director, Orasi Development, and the Kennedale Chamber of Commerce. 1.Chamber updates and introduction of the new Executive Director, Jesse Elizondo 2.TownCenter (parking lot, lease, and sign status, etc) 3.Tax Increment Reinvestment Zone status 4.TxDOT signage status 5.QuickTrip opening on November 15, 2012 6.TxDOT Green Ribbon Grant 7.RTR/NCTCOG sidewalk grant VI. EXECUTIVE SESSION A. The Economic Development Corporation will meet in closed session pursuant to Section 551.072 of the Texas Government Code to deliberate the purchase, lease, or value of real property. 1.Sale of a portion of 1000 E Kennedale Parkway 2.Purchase of property at 1125 W Kennedale Parkway B. The Economic Development Corporation will meet in closed session pursuant to Section 551.087 of the Texas Government Code to deliberate the offer of a financial or other incentive to a business project with whom the city is conducting economic development negotiations. 1.Incentives for development of property at 445 W Kennedale Parkway 2.Review and discuss initiatives for hotel development. VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION, IF NEEDED VIII. ADJOURNMENT In compliance with the Americans with Disabilities Act, the City of Kennedale will provide for reasonable accommodations for persons attending City Council meetings. This building is wheelchair accessible, and parking spaces for disabled citizens are available. Requests for sign interpreter services must be made forty-eight (48) hours prior to the meetings. Please contact Amethyst Cirmo, City Secretary, at 817.985.2104 or (TDD) 1.800.735.2989 CERTIFICATION I certify that a copy of the August 28, 2012, Kennedale Economic Development Corporation agenda was posted on the City Hall bulletin board next to the main entrance of the City Hall building, 405 Municipal Drive, of the City of Kennedale, Texas, in a place convenient and readily accessible to the general public at all times and said agenda was posted at least 72 hours preceding the schedule time of said meeting, in accordance with Chapter 551 of the Texas Government Code. Amethyst G. Cirmo, City Secretary Staff Report to the Board of Directors Date: August 28, 2012 Agenda Item No: MINUTES APPROVAL - A. I. Subject: Consider approval of minutes from July 24, 2012 regular meeting. II. Originated by: III. Summary: IV. Recommendation: V. Alternative Actions: VI. Attachments: 1.minutes 07.24.2012 EDC Mnutes.doc ECONOMIC DEVELOPMENT CORPORATION MINUTES BOARD OF DIRECTORS - REGULAR MEETING July 24, 2012 CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE I. CALL TO ORDER President Mundy called the meeting to order at 7:18 PM II. ROLL CALL Roll Call Present Darrell Erwin, Robert Mundy, Donnie Graham, Mark Yeary, Rebecca Mowell, Pat Turner, Beverly Hayes IV. MINUTES APPROVAL A. Consider approval of minutes from regular meeting dated June 26, 2012. Motion , Action Approve, Moved By Pat Turner, Seconded By Beverly Hayes Motion Passed Unanimously. V. REGULAR ITEMS A. Review and accept the KEDC Financial Report for May 2012. Sakura Dedrick approached the board with the most recent financial report. Informed the board that sales tax was still trending the same and Dollar General recently renewed their contract. Motion, Action Approve, Moved By Mark Yeary, Seconded By Darrell Erwin, Motion Passed Unanimously. B. Conduct a public hearing on FY2012-13 economic development projects. President Mundy opened the public hearing. No one signed up to speak for the public hearing and it was closed. C. Discuss and approve FY2012-13 Proposed Budget for recommendation to City Council Motion, Action Approve, Moved By Donnie Graham, Seconded By Beverly Hayes, Motion Passed Unanimously. D. Consider authorizing the Executive Director to execute an agreement with JLB for the construction of the TownCenter parking lot. Motion, Action Approve, Moved By Pat Turner, Seconded By Mark Yeary, Motion Passed Unanimously. E. Review and discuss the hotel study from Interim Hospitality Consultants. Jack Thompson with Orasi Development gave an update on the hotel and feasibility study from Interim Hospitality Consultants. The study suggested that Kennedale consider developing a hybrid concept with sleep-in and mainstay suites that would charge around $75 a night for sleep in rooms and $85 a night for mainstay suites. Pat Turner voiced concerns regarding the rates saying that it won’t do much to separate lower end clientele from middle or upper clientele. VI. STAFF ANNOUNCEMENTS/REPORTS A. Updates from the Executive Director, Orasi Development, and the Kennedale Chamber of Commerce. 1. Chamber of Commerce update Jessie Elizondo was not present to give board members any updates. 2. TownCenter status Bob Hart talked about the new dry cleaning business. TownCenter Cleaners have signs up but have not yet officially opened for business. 3. New Hope Road TIRZ District with Tarrant County Bob Hart mentioned that the TIRZ is going well. All documemtation has been submitted would be presented at the County Commissioner’s court on Tuesday July 30 th . 4. Concept development for Oak Crest and Kennedale Parkway This item will be discussed in detail at the August meeting. 5. TxDot signage. This item will be discussed in detail at the August meeting. President Mundy closed the regular session and entered executive session at 7:50 PM VII. EXECUTIVE SESSION A. The Economic Development Corporation will meet in closed session pursuant to Section 551.072 of the Texas Government Code to deliberate the purchase, exchange, lease, or value of real property. 1. Discuss property at 1000 E Kennedale Parkway. This item was tabled until the next regular meeting 2. Discuss bid submissions for city properties This item was tabled until the next regular meeting. Approval to move forward on placing bids on available city properties. Donnie Graham motioned and was seconded by Darrell Erwin. Motion passed unanimously. B. The Economic Development Corporation will meet in closed session pursuant to Section 551.087 of the Texas Government Code to deliberate the offer of a financial or other incentive to a business project with which the city is conducting economic development negotiations. 1. Incentives for development of property at 1201 West Kennedale Parkway. 2. Incentives for development of property at 445 West Kennedale Parkway. VIII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION, IF NEEDED President Mundy reopened the regular session at 8:08 PM. All items on the executive session agenda were tabled until the August meeting. No action pursuant to executive session was necessary. IX. ADJOURNMENT Motion , Adjourn, Moved By Darrell Erwin, Seconded By Pat Turner, Motion Passed Unanimously The meeting was adjourned at 8:10 PM Staff Report to the Board of Directors Date: August 28, 2012 Agenda Item No: REGULAR ITEMS - A. I. Subject: Discuss concept development for Oak Crest area and Kennedale Parkway. II. Originated by: Bob Hart, City Manager III. Summary: Discuss concept development for Oak Crest area and Kennedale Parkway. IV. Recommendation: None V. Alternative Actions: VI. Attachments: Staff Report to the Board of Directors Date: August 28, 2012 Agenda Item No: REGULAR ITEMS - B. I. Subject: Review and accept the KEDC Financial Report for Jul 2012. II. Originated by: Sakura Moten-Dedrick, Director of Finance & IT III. Summary: IV. Recommendation: Approve V. Alternative Actions: VI. Attachments: 1.Jul 2012 EDC Financials 20120828 EDC Jul 12 Financials.pdf JUL 2012 ECONOMIC DEVELOPMENT CORPORATION FINANCIALS Budget/Amendment No changes. Year -To -Date • Ad Valorem Tax: Increase in comparison over this time last year . • Sales /Beverage Tax: Increase in co mparison over this time last year . Receipts are trending upward with the economy (see Monthly Graph, 3 -Year Historical Graph, 10 -Year Historical Data). • Investment Earnings : Increase in comparison over this time last year . • Miscellaneous Income: Increase i n comparison over this time last year . • Surplus Sales/Rentals : Slight d ecrease in comparison over this time last year. • Transfers: No significant change. • Personnel : No significant change. • Supplies: Increase in comparison over this time last year . This year included costs tied to the TownCenter Grand Reopening and 9/11 Memorial. • Maintenance: Increase in comparison over this time last year. This is tied to costs with the Town Shopping Center. • S undry : Increase in comparison over this time last year . This year included approximately $6 0K of Engineering expenses tied to the Green Ribbon Grant Project. • Debt: Increase in comparison over this time last year . Thi s year included the repayment of over $1M in Texas Leverage Fund principal back to the state per the EDC Board’s direction. • Transfers: No significant change. • Capital: Decrease in comparison over this time last year . E stimate We anticipate a FY11/12 ending fund balance of $142,852 ($22,986 operations / $0 capital bond project / $119,866 reserve bond ). CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES INCOME STATEMENT "EXEMPLIFYING EXCELLENCE" 15: EDC4B FUND FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 INCOME STATEMENT BUDGET AMENDED YTD JUL ACTUAL PROPOSED AMENDED YTD JUL ESTIMATE OPERATING REVENUES 587,149 587,149 451,221 2,349,305 1,295,404 1,295,404 491,673 700,920 OPERATING EXPENDITURES (608,509) (608,509) (1,100,637) (1,180,427) (2,837,324) (2,837,324) (1,970,090) (2,123,306) OPERATING INCOME/(LOSS)(21,360) (21,360) (649,415) 1,168,878 (1,541,920) (1,541,920) (1,478,417) (1,422,386) NONOPERATING REVENUES/(EXPENSES)INTEREST EARNINGS 4,200 4,200 126 130 250 250 767 950 TRANSFERS IN - - - - - - - - (TRANSFER OUT)(154,619) (154,619) (154,619) (154,619) (153,119) (153,119) (153,119) (153,119) NET OPERATING INCOME/(LOSS)(171,779) (171,779) (803,908) 1,014,389 (1,694,788) (1,694,788) (1,630,769) (1,574,554) BEGINNING FUND BALANCE 583,151 $ 583,151 $ 583,151 $ 583,151 $ 1,597,540 $ 1,597,540 $ 1,597,540 $ 1,597,540 $ ENDING FUND BALANCE (EXCLUDING OTHER FUNDS)411,372 $ 411,372 $ (220,757)$ 1,597,540 $ (97,248)$ (97,248)$ (33,229)$ 22,986 $ 95: EDC4B RESERVE FUND 120,137 $ 120,137 $ 119,750 $ 119,766 $ 120,006 $ 120,006 $ 119,836 $ 119,866 $ 19: EDC4B CAPITAL BOND FUND 1,017,184 $ 1,017,184 $ 489,925 $ 464,133 $ 119,383 $ 119,383 $ 102,032 $ (0)$ ENDING FUND BALANCE (INCLUDING OTHER FUNDS)1,548,693 $ 1,548,693 $ 388,918 $ 2,181,439 $ 142,141 $ 142,141 $ 188,640 $ 142,852 $ CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY "EXEMPLIFYING EXCELLENCE" 15: EDC4B FUND FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 CATEGORY BUDGET AMENDED YTD JUL ACTUAL PROPOSED AMENDED YTD JUL ESTIMATE YTD %YTD % BEGINNING FUND BALANCE 583,151 $ 583,151 $ 583,151 $ 583,151 $ 1,597,540 $ 1,597,540 $ 1,597,540 $ 1,597,540 $ AD VALOREM TAXES 23,467 23,467 45,690 52,138 42,466 42,466 48,738 48,738 194.7%114.8% SALES/BEVERAGE TAXES 324,438 324,438 233,087 366,165 352,666 352,666 268,392 397,660 71.8%76.1%INVESTMENT EARNINGS 4,200 4,200 126 130 250 250 767 950 3.0%306.6% MISCELLANEOUS INCOME - - - 21,916 676,000 676,000 5,250 5,250 0.0%0.8% SURPLUS SALES/RENTALS 239,244 239,244 172,445 209,087 224,272 224,272 169,292 249,272 72.1%75.5%TRANSFERS -$ -$ -$ 1,700,000 $ -$ -$ -$ -$ 0.0%0.0% TOTAL REVENUES 591,349 $ 591,349 $ 451,347 $ 2,349,435 $ 1,295,654 $ 1,295,654 $ 492,440 $ 701,870 $ 76.3%38.0% PERSONNEL - - - - - - - - 0.0%0.0% SUPPLIES 31,610 31,610 3,871 22,314 21,344 21,344 14,797 24,475 12.2%69.3% MAINTENANCE 17,790 17,790 20,472 21,749 22,856 22,856 32,105 32,105 115.1%140.5%SUNDRY 249,810 249,810 190,694 243,564 265,906 265,906 266,591 353,357 76.3%100.3% DEBT 111,798 111,798 125,701 125,701 313,243 313,243 1,245,645 1,250,160 112.4%397.7% TRANSFERS 154,619 154,619 154,619 154,619 153,119 153,119 153,119 153,119 100.0%100.0%CAPITAL 197,501 197,501 759,898 767,099 2,213,975 2,213,975 410,952 463,209 384.8%18.6% TOTAL EXPENDITURES 763,128 $ 763,128 $ 1,255,256 $ 1,335,046 $ 2,990,442 $ 2,990,442 $ 2,123,209 $ 2,276,424 $ 164.5%71.0% REVENUES OVER EXPENDITURES (171,779)$ (171,779)$ (803,908)$ 1,014,389 $ (1,694,788)$ (1,694,788)$ (1,630,769)$ (1,574,554)$ ENDING FUND BALANCE 411,372 $ 411,372 $ (220,757)$ 1,597,540 $ (97,248)$ (97,248)$ (33,229)$ 22,986 $ ADJUSTMENTS FUND BALANCE AS % OF EXP 53.9%53.9%-17.6%119.7%-3.3%-3.3%-1.6%1.0% RESERVE (NO REQUIREMENT)-$ -$ -$ -$ -$ -$ -$ -$ RESERVE SURPLUS/(SHORTFALL)411,372 $ 411,372 $ (220,757)$ 1,597,540 $ (97,248)$ (97,248)$ (33,229)$ 22,986 $ CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES REVENUE LINE ITEM SUMMARY "EXEMPLIFYING EXCELLENCE" 15: EDC4B FUND FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JUL ACTUAL PROPOSED AMENDED YTD JUL ESTIMATE YTD %YTD % 4001-00-00 PROPERTY TAX-CURRENT YEAR - - - - - - - - 0.0%0.0%4002-00-00 MMD TAX-CURRENT YEAR 23,467 23,467 45,690 52,138 42,466 42,466 48,738 48,738 194.7%114.8%AD VALOREM TAXES 23,467 $ 23,467 $ 45,690 $ 52,138 $ 42,466 $ 42,466 $ 48,738 $ 48,738 $ 194.7%114.8% 4081-00-00 SALES TAX 324,438 324,438 233,087 366,165 352,666 352,666 268,392 397,660 71.8%76.1% 4082-00-00 MIXED BEVERAGE TAX - - - - - - - - 0.0%0.0%SALES/BEVERAGE TAXES 324,438 $ 324,438 $ 233,087 $ 366,165 $ 352,666 $ 352,666 $ 268,392 $ 397,660 $ 71.8%76.1% 4401-00-00 INVESTMENT INCOME 4,200 4,200 126 130 250 250 767 950 3.0%306.6%INVESTMENT EARNINGS 4,200 $ 4,200 $ 126 $ 130 $ 250 $ 250 $ 767 $ 950 $ 3.0%306.6% 4409-00-00 MISCELLANEOUS INCOME - - - 21,916 676,000 676,000 5,250 5,250 0.0%0.8% 4411-00-00 TEXAS LEVERAGE FUND PROGRAM - - - - - - - - 0.0%0.0%4415-00-00 INSURANCE REIMBURSEMENT - - - - - - - - 0.0%0.0%MISCELLANEOUS INCOME -$ -$ -$ 21,916 $ 676,000 $ 676,000 $ 5,250 $ 5,250 $ 0.0%0.8% 4805-00-00 RENTAL FEES-SHOPPING CENTER 235,244 235,244 171,968 208,534 220,272 220,272 167,662 245,272 73.1%76.1%4806-00-00 RENTAL INSURANCE 4,000 4,000 477 553 4,000 4,000 1,631 4,000 11.9%40.8%SURPLUS SALES/RENTALS 239,244 $ 239,244 $ 172,445 $ 209,087 $ 224,272 $ 224,272 $ 169,292 $ 249,272 $ 72.1%75.5% 4902-00-00 PROCEEDS - DEBT/LOAN ISSUANCE - - - 1,700,000 - - - - 0.0%0.0%TRANSFERS -$ -$ -$ 1,700,000 $ -$ -$ -$ -$ 0.0%0.0% TOTAL REVENUES 591,349 $ 591,349 $ 451,347 $ 2,349,435 $ 1,295,654 $ 1,295,654 $ 492,440 $ 701,870 $ 76.3%38.0% TOTAL REVENUES (EXCLUDING INTEREST/TRANSFERS)587,149 $ 587,149 $ 451,221 $ 649,305 $ 1,295,404 $ 1,295,404 $ 491,673 $ 700,920 $ 10% ADMIN CHARGE-GENERAL FUND 58,715 58,715 42,250 64,931 129,540 129,540 49,167 70,092 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 $55,000 $60,000 $65,000 $70,000 $75,000 $80,000 $85,000 $90,000 $95,000 $100,000 $105,000 $110,000 $115,000 $120,000 $125,000 $130,000 $135,000 $140,000 $145,000 $150,000 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP Economic Development Corporation Sales Tax Revenue Three Year History 2008-09 ACTUAL 2009-10 ACTUAL 2010-11 ACTUAL 2011-12 ACTUAL 24,368 39,515 24,331 28,700 38,020 25,672 27,583 37,335 24,899 25,572 28,137 36,010 24,368 39,515 24,331 28,700 38,020 24,647 26,558 36,310 23,874 24,547 26,962 34,835 31,540 37,196 38,349 29,926 30,992 24,484 37,230 41,230 24,369 40,830 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP Year Economic Development Corporation Sales Tax Revenue FY2011 -12 Monthly History 2010-11 ACTUAL 2011-12 BUDGET 2011-12 ACTUAL Sales Tax Collections ECONOMIC DEVELOPMENT CORPORATION 4B SALES TAX - $0.005 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2011-12 2011-12 GAIN/GAIN/YTD 2011-12 ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET ACTUAL YTD LOSS LOSS CUM ESTIMATE OCT 25,015 26,737 27,574 30,493 26,719 21,880 22,001 19,568 24,368 24,368 31,540 31,540 7,172 29.4%29.4%31,540 NOV 34,511 33,807 28,806 33,284 41,109 30,548 33,732 27,081 39,515 39,515 37,196 68,736 (2,319) -5.9%7.6%37,196 DEC 23,399 26,428 23,373 24,372 23,107 23,438 30,093 18,417 24,331 24,331 38,349 107,085 14,019 57.6%21.4%38,349 JAN 23,198 21,991 22,728 23,443 26,331 22,677 19,433 18,102 28,700 28,700 29,926 137,011 1,226 4.3%17.2%29,926 FEB 32,631 35,744 33,862 35,625 29,751 29,839 33,556 24,379 38,020 38,020 30,992 168,004 (7,027) -18.5%8.4%30,992 MAR 23,889 22,465 21,345 24,975 16,997 21,830 17,063 18,010 25,672 24,647 24,484 192,488 (162) -4.6%6.6%24,484 APR 20,435 23,465 21,936 24,036 25,672 24,231 22,636 18,030 27,583 26,558 37,230 229,718 10,672 35.0%10.3%37,230 MAY 35,360 36,121 36,355 35,851 32,194 31,278 30,806 55,683 37,335 36,310 41,230 270,948 4,920 10.4%10.4%41,230 JUN 22,968 33,889 24,011 27,616 26,993 24,985 21,608 29,762 24,899 23,874 24,369 295,317 494 -2.1%9.2%24,369 JUL 25,600 25,928 25,987 24,299 27,477 30,517 17,906 141,681 25,572 24,547 40,830 336,146 16,283 59.7%13.6%40,830 AUG 32,378 30,767 34,222 35,983 28,340 38,499 33,664 34,381 28,137 26,962 26,679 362,826 (283) -5.2%11.9%26,679 SEP 26,060 25,710 22,677 27,368 30,430 23,534 24,245 27,457 36,010 34,835 34,835 397,660 - -3.3%10.4%34,835 325,445 343,051 322,876 347,346 335,121 323,256 306,744 432,550 360,141 352,666 397,660 44,995 397,660 -2.62%5.41%-5.88%7.58%-3.52%-3.54%-5.11%41.01%-16.74%-2.08%10.42%10.42% ACCOUNT OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP TOTAL INCOME Rental Income 17,468.00 $ 17,468.00 $ 17,468.00 $ 17,468.00 $ 14,668.00 $ 15,090.92 $ 15,090.92 $ 15,090.92 $ 6,690.92 $ 23,490.92 $ -$ -$ 159,994.60 $ Tax Escrows 3,224.02 $ 11,399.98 $ 3,224.02 $ 3,224.02 $ 2,898.37 $ 2,738.95 $ 13,812.15 $ 2,738.95 $ 393.26 $ 5,084.64 $ -$ -$ 48,738.36 $ Insurance Escrows 38.37 $ 38.37 $ 38.37 $ 38.37 $ 23.95 $ 24.37 $ 1,355.60 $ 24.37 $ 24.37 $ 24.37 $ -$ -$ 1,630.51 $ CAM Escrows 814.70 $ 814.70 $ 814.70 $ 814.70 $ 737.16 $ 737.16 $ 722.69 $ 737.16 $ 737.16 $ 737.16 $ -$ -$ 7,667.29 $ Security Deposit -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ TOTAL INCOME 21,545.09 $ 29,721.05 $ 21,545.09 $ 21,545.09 $ 18,327.48 $ 18,591.40 $ 30,981.36 $ 18,591.40 $ 7,845.71 $ 29,337.09 $ -$ -$ 218,030.76 $ EXPENSES General & Admin -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Property Mgmt 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ -$ -$ 5,000.00 $ Office Expenses -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Legal Services -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Rental Commissions -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Electricity 329.26 $ 361.84 $ 384.35 $ 458.41 $ -$ -$ 749.37 $ -$ 325.66 $ 363.76 $ -$ -$ 2,972.65 $ Sweeping 326.00 $ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 326.00 $ Porter service -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Landscape 638.28 $ 638.28 $ 638.28 $ 1,442.68 $ 638.00 $ 638.28 $ 638.28 $ 638.28 $ 638.28 $ -$ -$ -$ 6,548.64 $ Fire Sprinkler/Alarm 150.00 $ -$ -$ 150.00 $ -$ -$ 150.00 $ -$ -$ 150.00 $ -$ -$ 600.00 $ Asphalt -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Water -$ -$ -$ -$ -$ -$ -$ -$ -$ 2,217.90 $ -$ -$ 2,217.90 $ Landscape Materials -$ -$ -$ -$ -$ -$ -$ -$ -$ 1,603.28 $ -$ -$ 1,603.28 $ Maintenance/Construction 3,299.60 $ 5,132.36 $ -$ 1,650.00 $ 607.58 $ 1,065.00 $ 1,902.23 $ -$ 1,327.34 $ 5,050.00 $ -$ -$ 20,034.11 $ Roofing Repair -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Signage -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ TOTAL EXPENSES 5,243.14 $ 6,632.48 $ 1,522.63 $ 4,201.09 $ 1,745.58 $ 2,203.28 $ 3,939.88 $ 1,138.28 $ 2,791.28 $ 9,884.94 $ -$ -$ 39,302.58 $ ADJUSTMENTS Operating Balance -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ TOTAL ADJUSTMENTS -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ NET PROFIT/(LOSS) - CHECK 16,301.95 $ 23,088.57 $ 20,022.46 $ 17,344.00 $ 16,581.90 $ 16,388.12 $ 27,041.48 $ 17,453.12 $ 5,054.43 $ 19,452.15 $ -$ -$ 178,728.18 $ Total Rental Income Posted 18,282.70 $ 18,282.70 $ 18,282.70 $ 18,282.70 $ 15,405.16 $ 15,828.08 $ 15,813.61 $ 15,828.08 $ 7,428.08 $ 24,228.08 $ -$ -$ 167,661.89 $ CYPRESS HISTORY FOR KENNEDALE TOWN SHOPPING CENTER FY2011-2012 ACCOUNT OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP TOTAL INCOME Rental Income 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 16,568.00 $ 17,468.00 $ 17,468.00 $ 200,616.00 $ Tax Escrows 1,669.00 $ 1,669.00 $ 1,669.00 $ 3,455.24 $ 12,434.32 $ 7,544.56 $ 3,953.93 $ 3,224.02 $ 3,224.02 $ 3,224.02 $ 3,224.02 $ 3,224.02 $ 48,515.15 $ Insurance Escrows 142.00 $ 142.00 $ 142.00 $ 90.81 $ 38.37 $ 38.37 $ 38.37 $ 38.37 $ 38.37 $ 687.30 $ 38.37 $ 38.37 $ 1,472.70 $ CAM Escrows 1,040.00 $ 1,040.00 $ 1,040.00 $ 983.50 $ 814.70 $ 814.70 $ 814.70 $ 814.70 $ 814.70 $ 814.70 $ 814.70 $ 814.70 $ 10,621.10 $ Security Deposit -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ TOTAL INCOME 19,419.00 $ 19,419.00 $ 19,419.00 $ 21,097.55 $ 29,855.39 $ 24,965.63 $ 21,375.00 $ 20,645.09 $ 20,645.09 $ 21,294.02 $ 21,545.09 $ 21,545.09 $ 261,224.95 $ EXPENSES General & Admin -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Property Mgmt 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 6,000.00 $ Office Expenses -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Legal Services -$ -$ -$ -$ -$ -$ 80.00 $ -$ -$ -$ -$ -$ 80.00 $ Rental Commissions -$ -$ -$ -$ -$ 5,040.00 $ 5,040.00 $ -$ -$ -$ -$ -$ 10,080.00 $ Electricity 35.99 $ 35.99 $ 71.98 $ 35.99 $ 90.30 $ 232.48 $ 294.52 $ 415.64 $ 700.26 $ 625.61 $ 373.86 $ 296.64 $ 3,209.26 $ Sweeping 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ 300.00 $ -$ -$ -$ -$ -$ -$ 1,800.00 $ Porter service -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Landscape 320.00 $ 320.00 $ 320.00 $ 320.00 $ 870.00 $ 620.00 $ 638.28 $ 638.28 $ 638.28 $ 1,618.28 $ 638.28 $ 638.28 $ 7,579.68 $ Fire Sprinkler/Alarm 150.00 $ -$ -$ 150.00 $ -$ -$ 150.00 $ -$ -$ 150.00 $ -$ -$ 600.00 $ Asphalt -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Landscape Materials -$ -$ -$ -$ -$ 2,963.38 $ -$ -$ -$ -$ -$ -$ 2,963.38 $ Maintenance/Construction 75.00 $ -$ -$ 2,725.83 $ 3,179.04 $ 2,725.83 $ -$ -$ -$ -$ -$ -$ 8,705.70 $ Roofing Repair -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Signage -$ -$ -$ -$ -$ -$ 100.00 $ -$ -$ -$ -$ -$ 100.00 $ TOTAL EXPENSES 1,380.99 $ 1,155.99 $ 1,191.98 $ 4,031.82 $ 4,939.34 $ 12,381.69 $ 6,802.80 $ 1,553.92 $ 1,838.54 $ 2,893.89 $ 1,512.14 $ 1,434.92 $ 41,118.02 $ ADJUSTMENTS Operating Balance -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ TOTAL ADJUSTMENTS -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ NET PROFIT/(LOSS) - CHECK 18,038.01 $ 18,263.01 $ 18,227.02 $ 17,065.73 $ 24,916.05 $ 12,583.94 $ 14,572.20 $ 19,091.17 $ 18,806.55 $ 18,400.13 $ 20,032.95 $ 20,110.17 $ 220,106.93 $ Total Rental Income Posted 17,608.00 $ 17,608.00 $ 17,608.00 $ 17,551.50 $ 17,382.70 $ 17,382.70 $ 17,382.70 $ 17,382.70 $ 17,382.70 $ 17,382.70 $ 18,282.70 $ 18,282.70 $ 211,237.10 $ CYPRESS HISTORY FOR KENNEDALE TOWN SHOPPING CENTER FY2010-2011 CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY "EXEMPLIFYING EXCELLENCE" 15: EDC4B FUND 01: ADMINISTRATION FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JUL ACTUAL PROPOSED AMENDED YTD JUL ESTIMATE YTD %YTD % 5101-01-00 SALARIES - - - - - - - - 0.0%0.0% 5107-01-00 OVERTIME - - - - - - - - 0.0%0.0% 5111-01-00 AUTO ALLOWANCE - - - - - - - - 0.0%0.0%5114-01-00 LONGEVITY - - - - - - - - 0.0%0.0% 5115-01-00 RETIREMENT - - - - - - - - 0.0%0.0%5116-01-00 UNEMPLOYMENT INSURANCE - - - - - - - - 0.0%0.0% 5117-01-00 FICA - - - - - - - - 0.0%0.0% 5118-01-00 MEDICAL INSURANCE - - - - - - - - 0.0%0.0%5120-01-00 LIFE INSURANCE - - - - - - - - 0.0%0.0% 5121-01-00 DENTAL INSURANCE - - - - - - - - 0.0%0.0%5122-01-00 VISION INSURANCE - - - - - - - - 0.0%0.0% 5190-01-00 VACATION/SICK/TERM/LEAVE ADJ - - - - - - - - 0.0%0.0% PERSONNEL -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% 5220-01-00 UNIFORMS 300 300 - - 300 300 - - 0.0%0.0% 5240-01-00 PRINTED SUPPLIES 22,000 22,000 3,860 4,466 16,544 16,544 7,057 16,544 17.5%42.7% 5260-01-00 GENERAL OFFICE SUPPLIES 250 250 12 12 250 250 - - 4.7%0.0%5261-01-00 POSTAGE 500 500 - 59 250 250 58 250 0.0%23.1% 5280-01-00 MINOR EQUIP/SMALL TOOLS<$5K - - - - - - - - 0.0%0.0%5290-01-00 EXPENDABLE SUPPLIES 4,000 4,000 - 17,778 4,000 4,000 7,681 7,681 0.0%192.0% SUPPLIES 27,050 $ 27,050 $ 3,871 $ 22,314 $ 21,344 $ 21,344 $ 14,797 $ 24,475 $ 14.3%69.3% 5403-01-00 BUILDING MAINTENANCE - - - - - - 775 775 0.0%#DIV/0!5440-01-00 OFFICE EQUIP/SOFTWARE MAINT - - - - - - - - 0.0%0.0% MAINTENANCE -$ -$ -$ -$ -$ -$ 775 $ 775 $ 0.0%#DIV/0! 5501-01-00 ADVERTISING 5,000 5,000 - 1,436 5,000 5,000 2,871 5,000 0.0%57.4%5510-01-00 ASSOC DUES/PUBLICATIONS 3,375 3,375 2,300 2,460 2,350 2,350 7,334 7,335 68.2%312.1% 5512-01-00 CONTRACTUAL SERVICES - - - - - - - - 0.0%0.0%5525-01-00 TRAINING/SEMINARS 1,000 1,000 - - 1,000 1,000 - - 0.0%0.0% 5565-01-00 LEGAL SERVICES 25,000 25,000 5,754 7,581 10,000 10,000 40,249 40,249 23.0%402.5% 5567-01-00 AUDIT SERVICES 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 100.0%100.0%5569-01-00 IT SUPPORT - - - - - - - - 0.0%0.0% 5570-01-00 SPECIAL SERVICES 95,420 95,420 97,208 126,611 86,036 86,036 84,573 85,000 101.9%98.3%5575-01-00 EQUIPMENT RENTAL - - - - - - - - 0.0%0.0% 5578-01-00 TRAVEL 700 700 22 22 700 700 - - 3.2%0.0% 5580-01-00 ENGINEERING SERVICES - - - - - - 53,991 88,000 0.0%#DIV/0!5585-01-00 TELEPHONE SERVICES - - - - - - - - 0.0%0.0% 5595-01-00 ADMIN CHARGE-GENERAL FUND 58,715 58,715 51,510 69,885 129,540 129,540 49,167 69,612 87.7%38.0%SUNDRY 190,710 $ 190,710 $ 158,294 $ 209,494 $ 236,126 $ 236,126 $ 239,685 $ 296,696 $ 83.0%101.5% 5610-01-00 VISUAL GRANT - - - - - - - - 0.0%0.0%5615-01-00 FUNCTIONAL GRANT - - - - - - - - 0.0%0.0% 5625-01-00 ISSUANCE COST - - - - - - - - 0.0%0.0% DEBT -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% 5701-01-00 TRANSFER OUT-GENERAL FUND - - - - - - - - 0.0%0.0%5714-01-00 TRANSFER OUT-DEDICATION FUND - - - - - - - - 0.0%0.0% 5795-01-00 TRANSFER OUT-EDC RESERVE FUND - - - - - - - - 0.0%0.0% TRANSFERS -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% 5800-01-00 LAND 10,000 10,000 293,392 293,392 325,000 325,000 164,582 165,000 2933.9%50.6%5813-01-00 KENNEDALE ENTRANCE SIGN 45,000 45,000 - - 45,000 45,000 - - 0.0%0.0% 5820-01-00 BUILDING IMPROVEMENT 15,000 15,000 - - 15,000 15,000 39,209 39,209 0.0%261.4% 5875-01-00 CONSTRUCTION - - 14,097 18,644 - - 83,138 84,000 #DIV/0!#DIV/0!CAPITAL 70,000 $ 70,000 $ 307,489 $ 312,036 $ 385,000 $ 385,000 $ 286,928 $ 288,209 $ 439.3%74.5% TOTAL EXPENDITURES 287,760 $ 287,760 $ 469,655 $ 543,844 $ 642,470 $ 642,470 $ 542,185 $ 610,155 $ 163.2%84.4% CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY "EXEMPLIFYING EXCELLENCE" 15: EDC4B FUND 01: ADMINISTRATION 03: DEBT SERVICE FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JUL ACTUAL PROPOSED AMENDED YTD JUL ESTIMATE YTD %YTD % 5620-01-03 ISSUANCE COSTS - - - - - - - - 0.0%0.0% 5621-01-03 PAYING AGENT FEES - - - - - - - - 0.0%0.0%5643-01-03 2007 $1.2M TAX BOND-INTEREST 76,798 76,798 76,676 76,676 74,365 74,365 74,210 74,210 99.8%99.8%5644-01-03 2007 $1.2M TAX BOND-PRINCIPAL 35,000 35,000 35,000 35,000 40,000 40,000 40,000 40,000 100.0%100.0%5645-01-03 2011 $1.7M TX LEVERAGE-INT - - - - 50,479 50,479 25,274 26,938 0.0%50.1% 5646-01-03 2011 $1.7M TX LEVERAGE-PRI - - - - 131,399 131,399 1,089,161 1,092,012 0.0%828.9% DEBT 111,798 $ 111,798 $ 111,676 $ 111,676$ 296,243 $ 296,243 $ 1,228,645 $ 1,233,160 $ 99.9%414.7% 5702-01-03 TRANSFER OUT-DEBT SERVICE FUND 154,619 154,619 154,619 154,619 153,119 153,119 153,119 153,119 100.0%100.0% TRANSFER 154,619 $ 154,619 $ 154,619 $ 154,619$ 153,119 $ 153,119 $ 153,119 $ 153,119 $ 100.0%100.0% TOTAL EXPENDITURES 266,417 $ 266,417 $ 266,295 $ 266,295$ 449,362 $ 449,362 $ 1,381,764 $ 1,386,279 $ 100.0%307.5% CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY "EXEMPLIFYING EXCELLENCE" 15: EDC4B FUND 02: TOWN SHOPPING CENTER FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JUL ACTUAL PROPOSED AMENDED YTD JUL ESTIMATE YTD %YTD % 5280-02-00 MINOR EQUIP/SMALL TOOLS<$5K 4,560 4,560 - - - - - - 0.0%0.0% SUPPLIES 4,560 $ 4,560 $ -$ -$ -$ -$ -$ -$ 0.0%0.0% 5403-02-00 BUILDING MAINTENANCE 17,790 17,790 20,472 21,749 22,856 22,856 31,330 31,330 115.1%137.1% MAINTENANCE 17,790 $ 17,790 $ 20,472 $ 21,749 $ 22,856 $ 22,856 $ 31,330 $ 31,330 $ 115.1%137.1% 5501-02-00 ADVERTISING - - - - - - - - 0.0%0.0% 5510-02-00 ASSOC DUES/PUBLICATIONS - - - - - - - - 0.0%0.0%5512-02-00 CONTRACTUAL SERVICES - - - - - - - - 0.0%0.0% 5530-02-00 ELECTRIC SERVICES 7,800 7,800 2,539 3,209 4,200 4,200 2,973 4,200 32.5%70.8%5545-02-00 INSURANCE-PROPERTY 4,000 4,000 3,401 3,401 4,000 4,000 5,881 5,881 85.0%147.0% 5565-02-00 LEGAL SERVICES - - - - - - - - 0.0%0.0% 5570-02-00 SPECIAL SERVICES 6,000 6,000 15,160 16,160 11,580 11,580 18,052 36,580 252.7%155.9%SUNDRY 17,800 $ 17,800 $ 21,099 $ 22,770 $ 19,780 $ 19,780 $ 26,906 $ 46,661 $ 118.5%136.0% TOTAL EXPENDITURES 40,150 $ 40,150 $ 41,572 $ 44,519 $ 42,636 $ 42,636 $ 58,236 $ 77,991 $ 103.5%136.6% CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY "EXEMPLIFYING EXCELLENCE" 15: EDC4B FUND 03: TOWN CENTER REDEVELOPMENT FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JUL ACTUAL PROPOSED AMENDED YTD JUL ESTIMATE YTD %YTD % 5570-03-00 SPECIAL SERVICES - - - - - - - - 0.0%0.0% 5579-03-00 ARCHITECT/DESIGN SERVICES 26,000 26,000 - - - - - - 0.0%0.0% 5580-03-00 ENGINEERING SERVICES 15,300 15,300 11,300 11,300 10,000 10,000 - 10,000 73.9%0.0% SUNDRY 41,300 $ 41,300 $ 11,300 $ 11,300 $ 10,000 $ 10,000 $ -$ 10,000 $ 27.4%0.0% 5800-03-00 LAND - - - - - - - - 0.0%0.0% 5847-03-00 CONSTRUCTION 127,501 127,501 452,409 455,063 160,000 160,000 124,024 175,000 354.8%77.5% CAPITAL 127,501 $ 127,501 $ 452,409$ 455,063 $ 160,000 $ 160,000 $ 124,024$ 175,000 $ 354.8%77.5% 168,801 $ 168,801 $ 463,709$ 466,363 $ 170,000 $ 170,000 $ 124,024$ 185,000 $ 274.7%73.0% CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY "EXEMPLIFYING EXCELLENCE" 15: EDC4B FUND 04: TEXAS LEVERAGE FUND PROGRAM FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JUL ACTUAL PROPOSED AMENDED YTD JUL ESTIMATE YTD %YTD % 5565-04-00 LEGAL SERVICES - - - - - - - - 0.0%0.0% SUNDRY -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% 5615-04-00 FUNCTIONAL GRANT - - 14,025 14,025 - - - - #DIV/0!0.0%5620-04-00 ISSUANCE COSTS - - - - 17,000 17,000 17,000 17,000 0.0%100.0% DEBT -$ -$ 14,025 $ 14,025 $ 17,000 $ 17,000 $ 17,000 $ 17,000 $ #DIV/0!100.0% 5847-03-00 CONSTRUCTION - - - - 1,668,975 1,668,975 - - 0.0%0.0% CAPITAL -$ -$ -$ -$ 1,668,975 $ 1,668,975 $ -$ -$ 0.0%0.0% -$ -$ 14,025 $ 14,025 $ 1,685,975 $ 1,685,975 $ 17,000 $ 17,000 $ #DIV/0!1.0% CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY "EXEMPLIFYING EXCELLENCE" 19: EDC4B CAPITAL BOND FUND FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 CATEGORY BUDGET AMENDED YTD JUL ACTUAL PROPOSED AMENDED YTD JUL ESTIMATE YTD %YTD % BEGINNING FUND BALANCE 1,279,351 $ 1,279,351 $ 1,279,351 $ 1,279,351 $ 464,133 $ 464,133 $ 464,133 $ 464,133 $ INVESTMENT EARNINGS 500 500 1,239 1,310 250 250 213 250 247.8%85.1% TRANSFERS - - - - - - - - 0.0%0.0% TOTAL REVENUES 500 $ 500 $ 1,239 $ 1,310 $ 250 $ 250 $ 213 $ 250 $ 247.8%85.1% MAINTENANCE - - - - - - - - 0.0%0.0% SUNDRY 28,143 28,143 93,740 100,371 250,000 250,000 31,220 104,383 333.1%12.5% CAPITAL 234,524 234,524 696,926 716,157 95,000 95,000 331,093 360,000 297.2%348.5%TOTAL EXPENDITURES 262,667 $ 262,667 $ 790,665 $ 816,529 $ 345,000 $ 345,000 $ 362,313 $ 464,383 $ 301.0%105.0% REVENUES OVER EXPENDITURES (262,167)$ (262,167)$ (789,426)$ (815,218)$ (344,750)$ (344,750)$ (362,100)$ (464,133)$ ENDING FUND BALANCE 1,017,184 $ 1,017,184 $ 489,925 $ 464,133 $ 119,383 $ 119,383 $ 102,032 $ (0)$ ADJUSTMENTS FUND BALANCE AS % OF EXP 387.3%387.3%62.0%56.8%34.6%34.6%28.2%0.0% RESERVE (NO REQUIREMENT)-$ -$ -$ -$ -$ -$ -$ -$ RESERVE SURPLUS/(SHORTFALL)1,017,184 $ 1,017,184 $ 489,925 $ 464,133 $ 119,383 $ 119,383 $ 102,032 $ (0)$ CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES REVENUE/EXPENDITURE LINE ITEM SUMMARY "EXEMPLIFYING EXCELLENCE" 19: EDC4B CAPITAL BOND FUND FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JUL ACTUAL PROPOSED AMENDED YTD JUL ESTIMATE YTD %YTD % 4401-00-00 INVESTMENT INCOME 500 500 1,239 1,310 250 250 213 250 247.8%85.1%INVESTMENT EARNINGS 500 $ 500 $ 1,239 $ 1,310 $ 250 $ 250 $ 213 $ 250 $ 247.8%85.1% 4913-00-00 TRANSFER IN-CAPITAL BOND FUND - - - - - - - - 0.0%0.0%TRANSFERS -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% TOTAL REVENUES 500 $ 500 $ 1,239 $ 1,310 $ 250 $ 250 $ 213 $ 250 $ 247.8%85.1% 19: EDC4B CAPITAL BOND FUND 01: TOWN CENTER REDEVELOPMENT FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JUL ACTUAL PROPOSED AMENDED YTD JUL ESTIMATE YTD %YTD % 5403-01-00 BUILDING MAINTENANCE - - - - - - - - 0.0%0.0%MAINTENANCE -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% 5525-01-00 TRAINING/SEMINARS - - - - - - - - 0.0%0.0% 5570-01-00 SPECIAL SERVICES - - 10,400 15,400 240,000 240,000 13,750 86,883 #DIV/0!5.7% 5579-01-00 ARCHITECT/DESIGN SERVICES - - 37,217 37,217 - - - - #DIV/0!0.0%5580-01-00 ENGINEERING SERVICES 28,143 28,143 46,123 47,755 10,000 10,000 17,470 17,500 163.9%174.7%SUNDRY 28,143 $ 28,143 $ 93,740 $ 100,371 $ 250,000 $ 250,000 $ 31,220 $ 104,383 $ 333.1%12.5% 5800-01-00 LAND - - 7,273 7,558 25,000 25,000 - 25,000 #DIV/0!0.0%5847-01-00 CONSTRUCTION 234,524 234,524 689,653 708,600 70,000 70,000 331,093 335,000 294.1%473.0%CAPITAL 234,524 $ 234,524 $ 696,926 $ 716,157 $ 95,000 $ 95,000 $ 331,093 $ 360,000 $ 297.2%348.5% TOTAL EXPENDITURES 262,667 $ 262,667 $ 790,665 $ 816,529 $ 345,000 $ 345,000 $ 362,313 $ 464,383 $ 301.0%105.0% CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY "EXEMPLIFYING EXCELLENCE" 95: EDC4B RESERVE FUND FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 CATEGORY BUDGET AMENDED YTD JUL ACTUAL PROPOSED AMENDED YTD JUL ESTIMATE YTD %YTD % BEGINNING FUND BALANCE 119,637 $ 119,637 $ 119,637 $ 119,637 $ 119,766 $ 119,766 $ 119,766 $ 119,766 $ INVESTMENT EARNINGS 500 500 113 129 240 240 70 100 22.6%29.3%TRANSFERS - - - - - - - - 0.0%0.0%TOTAL REVENUES 500 $ 500 $ 113 $ 129 $ 240 $ 240 $ 70 $ 100 $ 22.6%29.3% TRANSFERS - - - - - - - - 0.0%0.0%TOTAL EXPENDITURES -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% REVENUES OVER EXPENDITURES 500 $ 500 $ 113 $ 129 $ 240 $ 240 $ 70 $ 100 $ ENDING FUND BALANCE 120,137 $ 120,137 $ 119,750 $ 119,766 $ 120,006 $ 120,006 $ 119,836 $ 119,866 $ ADJUSTMENTS - - - - - - - - FUND BALANCE AS % OF EXP N/A N/A N/A N/A N/A N/A N/A N/A RESERVE ($112,606 REQUIREMENT)112,606 $ 112,606 $ 112,606 $ 112,606 $ 112,606 $ 112,606 $ 112,606 $ 112,606 $ RESERVE SURPLUS/(SHORTFALL)7,531 $ 7,531 $ 7,144 $ 7,160 $ 7,400 $ 7,400 $ 7,230 $ 7,260 $ CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES REVENUE/EXPENDITURE LINE ITEM SUMMARY "EXEMPLIFYING EXCELLENCE" 95: EDC4B RESERVE FUND FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JUL ACTUAL PROPOSED AMENDED YTD JUL ESTIMATE YTD %YTD % 4401-00-00 INVESTMENT INCOME 500 500 113 129 240 240 70 100 22.6%29.3%INVESTMENT EARNINGS 500 $ 500 $ 113 $ 129 $ 240 $ 240 $ 70 $ 100 $ 22.6%29.3% 4915-00-00 TRANSFER IN-EDC FUND - - - - - - - - 0.0%0.0% 4920-00-00 TRANSFER IN - - - - - - - - 0.0%0.0%OTHER AGENCY -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% TOTAL REVENUES 500 $ 500 $ 113 $ 129 $ 240 $ 240 $ 70 $ 100 $ 22.6%29.3% 95: EDC4B RESERVE FUND FY10-11 FY10-11 FY10-11 FY10-11 FY11-12 FY11-12 FY11-12 FY11-12 FY10-11 FY11-12 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JUL ACTUAL PROPOSED AMENDED YTD JUL ESTIMATE YTD %YTD % 5715-00-00 TRANSFER OUT-EDC FUND - - - - - - - - 0.0%0.0%TRANSFERS -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% TOTAL EXPENDITURES -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% Staff Report to the Board of Directors Date: August 28, 2012 Agenda Item No: STAFF ANNOUNCEMENTS/REPORTS - A. I. Subject: Updates from the Executive Director, Orasi Development, and the Kennedale Chamber of Commerce. 1.Chamber updates and introduction of the new Executive Director, Jesse Elizondo 2.TownCenter (parking lot, lease, and sign status, etc) 3.Tax Increment Reinvestment Zone status 4.TxDOT signage status 5.QuickTrip opening on November 15, 2012 6.TxDOT Green Ribbon Grant 7.RTR/NCTCOG sidewalk grant II. Originated by: Bob Hart, City Manager III. Summary: Discuss the listed items. IV. Recommendation: V. Alternative Actions: VI. Attachments: Staff Report to the Board of Directors Date: August 28, 2012 Agenda Item No: EXECUTIVE SESSION - A. I. Subject: The Economic Development Corporation will meet in closed session pursuant to Section 551.072 of the Texas Government Code to deliberate the purchase, lease, or value of real property. 1.Sale of a portion of 1000 E Kennedale Parkway 2.Purchase of property at 1125 W Kennedale Parkway II. Originated by: Bob Hart, City Manager III. Summary: This discussion will be held during executive session IV. Recommendation: V. Alternative Actions: VI. Attachments: 1.property prop.pdf Staff Report to the Board of Directors Date: August 28, 2012 Agenda Item No: EXECUTIVE SESSION - B. I. Subject: The Economic Development Corporation will meet in closed session pursuant to Section 551.087 of the Texas Government Code to deliberate the offer of a financial or other incentive to a business project with whom the city is conducting economic development negotiations. 1.Incentives for development of property at 445 W Kennedale Parkway 2.Review and discuss initiatives for hotel development. II. Originated by: III. Summary: please see the attached report. IV. Recommendation: V. Alternative Actions: VI. Attachments: 1.hotel hitel.pdf