The URL can be used to link to this page

2014_01.28 EDC Agenda Packet - InternalECONOMIC DEVELOPMENT CORPORATION AGENDA BOARD OF DIRECTORS - REGULAR MEETING January 28, 2014 CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE REGULAR SESSION - 7:00 PM I. CALL TO ORDER II. ROLL CALL III. MINUTES APPROVAL A. Consider approval of minutes from the November 26, 2013 meeting. IV. REGULAR ITEMS A. Review and accept the KEDC Financial Report for November 2013. V. STAFF ANNOUNCEMENTS/REPORTS A. Updates and information from the Executive Director. 1.TXDOT variance request on Kennedale Parkway 2.Green Ribbon Grant project status 3.12 at 12 Meeting 4.Link Street project with Tarrant County 5.Urgent Care Clinic update 6.Red's Roadhouse update 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.Discuss the sale of Oak Crest pad sites. 2.Discuss lease of Building 1 in Kennedale TownCenter 3.Discuss sale of 1000 E 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.Discuss incentives 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 January 28, 2014, 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: January 28, 2014 Agenda Item No: MINUTES APPROVAL - A. I. Subject: Consider approval of minutes from the November 26, 2013 meeting. II. Originated by: Amethyst G. Cirmo, City Secretary and Communications Coordinator III. Summary: Please see the attached minutes for approval IV. Recommendation: Approve V. Alternative Actions: VI. Attachments: 1.minutes 11.26.2013 EDC Minutes.doc ECONOMIC DEVELOPMENT CORPORATION MINUTES BOARD OF DIRECTORS - REGULAR MEETING November 26, 2013 CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE I. CALL TO ORDER Robert Mundy called the meeting to order at 7:04PM. II. ROLL CALL Present: Pat Turner, Robert Mundy, Mark Yeary, Rebecca Mowell, Adrienne Kay, Ronald Whitley, Mike Johnson. Absent: none III. MINUTES APPROVAL A. Consider approval of minutes from the October 22, 2013 meeting. Motion To approve the minutes as presented. Action Approve, Moved By Rebecca Mowell Seconded By Adrienne Kay Motion Passed Unanimously IV. REGULAR ITEMS A. Review and accept the KEDC Financial Report for Sep 2013. Sakura Moten-Dedrick presented the report, noting that analyses of sales tax trends were ongoing. Motion To approve the financial report as presented. Action Approve, Moved By Pat Turner Seconded By Mike Johnson Motion Passed Unanimously V. STAFF ANNOUNCEMENTS/REPORTS A. Updates and information from the Executive Director. 1.TXDOT variance request on Kennedale Parkway Bob Hart gave an update on this item, noting that discussing with TXDOT were ongoing. 2.Green Ribbon Grant project status Bob Hart gave an update on this item, noting that the city was currently waiting on TXDOT’s final acceptance of the completed project. 3.Form based code Bob Hart noted that the City Council had recently approved the use of form-based code in certain areas of the city. 4.Surplus Warehouse space Bob Hart noted that Surplus Warehouse would be vacating the space in early 2014 and that Jack Thompson of Orasi Development would be looking into potential business partners for use of that space. 5.12 at 12 Meetings Bob Hart noted that the first meeting would be held with the Chamber of Commerce on January 22 nd , and that regular meetings would be held on the 4 th Wednesday of the month from that point forward. 6.Link Street project with Tarrant County Bob Hart noted that he would be meeting with Tarrant County for a project update on the following Monday. No executive session was necessary. VI. EXECUTIVE SESSION No executive session was necessary. VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION, IF NEEDED As an executive session was not held, no action pursuant to executive session was necessary. VIII. ADJOURNMENT Motion adjourn. Action Adjourn, Moved By Rebecca Mowell, Seconded By Mark Yeary. Motion Passed Unanimously The meeting was adjourned at 7:53 PM. APPROVED: _________________________________ President Robert Mundy ATTEST: _________________________________ City Secretary Amethyst G. Sloane Staff Report to the Board of Directors Date: January 28, 2014 Agenda Item No: REGULAR ITEMS - A. I. Subject: Review and accept the KEDC Financial Report for November 2013. II. Originated by: Sakura Moten-Dedrick, Director of Finance & IT III. Summary: This report will be presented at the meeting. IV. Recommendation: Approve V. Alternative Actions: VI. Attachments: 1.EDC Financials - Nov 2013 20140128 EDC Nov 13 Financials.pdf NOV 2013 ECONOMIC DEVELOPMENT CORPORATION FINANCIALS Budget/Amendment No changes. Year -To -Date • Ad Valorem Tax: No significant change. • Sales /Beverage Tax: No significant change (see Monthly Graph, 3 -Year Historical Graph, 10 - Year Historical Data). Please note, sales tax receipts run two months in arrears. • Investment Earnings : Decrease in comparison over this time last year. Based on record low earning rates and decrease in cash balance . • Miscellaneous Income: Increase in comparison over this time l ast year . We received approximately $12,000 for insurance reimbursements given TownCenter sign . • Surplus Sales/Rentals : No significant change. • Transfers: No significant change. • Personnel : No significant change. • Supplies: Decrease in comparison over this t ime last year . • Maintenance: D ecrease in comparison over this time last year . • S undry : Decrease in comparison over this time last year . • Debt: No significant change. • Transfers: No significant change. • Capital: No significant change. E stimate Please note that FY12/13 estimates do not represent actual year end numbers. Our auditors have just completed their field research and are still in the process of finalizing figures. The city will have final audited numbers in Feb/Mar 2014 upon the Board’s acceptance. We anticipate a FY 1 3/14 ending fund balance of ($223,364 ). This is ($99,031 ) operations / $4,419 capital bond project / $119,915 reserve bond . CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES INCOME STATEMENT "EXEMPLIFYING EXCELLENCE" 15: EDC4B FUND FY12-13 FY12-13 FY12-13 FY12-13 FY13-14 FY13-14 FY13-14 FY13-14 CY - PY INCOME STATEMENT BUDGET AMENDED YTD NOV ESTIMATE PROPOSED AMENDED YTD NOV ESTIMATE CHANGE OPERATING REVENUES 1,066,682 1,066,682 39,320 656,760 1,103,880 1,103,880 53,340 1,431,324 37,198 OPERATING EXPENDITURES (942,275) (942,275) (98,683) (1,096,620) (612,657) (612,657) (83,832) (622,739) 326,119 OPERATING INCOME/(LOSS)124,407 124,407 (59,363) (439,860) 491,223 491,223 (30,491) 808,585 363,317 NONOPERATING REVENUES/(EXPENSES) INTEREST EARNINGS 250 250 150 471 645 645 2 645 395 TRANSFERS IN - - - - - - - - - (TRANSFER OUT)(151,619) (151,619) (38,309) (151,619) (155,118) (155,118) (37,559) (155,118) 3,499 NET OPERATING INCOME/(LOSS)(26,962) (26,962) (97,522) (591,008) 336,750 336,750 (68,049) 654,112 367,211 BEGINNING FUND BALANCE 26,452 $ 35,926 $ 35,926 $ 35,926 $ (306,400)$ (555,081)$ (555,081)$ (555,081)$ 323,848 $ ENDING FUND BALANCE (EXCLUDING OTHER FUNDS)(510)$ 8,964 $ (61,596)$ (555,081)$ 30,350 $ (218,331)$ (623,130)$ 99,031 $ -$ 95: EDC4B RESERVE FUND 120,066 $ 120,062 $ 119,872 $ 119,903 $ 119,966 $ 119,955 $ 119,905 $ 119,915 $ 120,066 $ 19: EDC4B CAPITAL BOND FUND -$ 46,182 $ 46,216 $ 29,411 $ 13,357 $ 4,411 $ 29,419 $ 4,419 $ -$ ENDING FUND BALANCE (INCLUDING OTHER FUNDS)119,556 $ 175,208 $ 104,493 $ (405,767)$ 163,673 $ (93,965)$ (473,806)$ 223,364 $ 120,066 $ CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY "EXEMPLIFYING EXCELLENCE" 15: EDC4B FUND FY12-13 FY12-13 FY12-13 FY12-13 FY13-14 FY13-14 FY13-14 FY13-14 CY - PY FY12-13 FY13-14 CATEGORY BUDGET AMENDED YTD NOV ESTIMATE PROPOSED AMENDED YTD NOV ESTIMATE CHANGE YTD %YTD % BEGINNING FUND BALANCE 26,452 $ 35,926 $ 35,926 $ 35,926 $ (306,400)$ (555,081)$ (555,081)$ (555,081)$ 323,848 $ AD VALOREM TAXES 42,466 42,466 5,478 42,167 23,132 23,132 5,478 23,132 (19,334) 12.9%23.7% SALES/BEVERAGE TAXES 397,660 397,660 199 297,348 305,808 305,808 193 306,677 (91,852) 0.1%0.1% INVESTMENT EARNINGS 250 250 150 471 645 645 2 645 395 60.1%0.3% MISCELLANEOUS INCOME 395,000 395,000 - 117,255 600,000 600,000 14,621 925,000 205,000 0.0%2.4% SURPLUS SALES/RENTALS 231,556 231,556 33,643 199,990 174,940 174,940 33,049 176,515 (56,616) 14.5%18.9% TRANSFERS -$ -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% TOTAL REVENUES 1,066,932 $ 1,066,932 $ 39,470 $ 657,231 $ 1,104,525 $ 1,104,525 $ 53,342 $ 1,431,969 $ 37,593 $ 3.7%4.8% PERSONNEL - - - - - - - - - 0.0%0.0% SUPPLIES 17,344 17,344 1,227 11,259 3,100 3,100 - 3,100 (14,244) 7.1%0.0% MAINTENANCE 22,856 22,856 7,514 32,094 30,240 30,240 3,773 30,240 7,384 32.9%12.5% SUNDRY 265,771 265,771 42,272 271,101 213,130 213,130 29,261 220,321 (52,641) 15.9%13.7% DEBT 165,757 165,757 44,767 167,188 186,187 186,187 47,907 186,187 20,430 27.0%25.7% TRANSFERS 151,619 151,619 38,309 151,619 155,118 155,118 37,559 155,118 3,499 25.3%24.2% CAPITAL 470,548 470,548 2,903 614,978 180,000 180,000 2,891 182,891 (290,548) 0.6%1.6% TOTAL EXPENDITURES 1,093,894 $ 1,093,894 $ 136,992 $ 1,248,239 $ 767,775 $ 767,775 $ 121,391 $ 777,857 $ (326,119)$ 12.5%15.8% REVENUES OVER EXPENDITURES (26,962)$ (26,962)$ (97,522)$ (591,008)$ 336,750 $ 336,750 $ (68,049)$ 654,112 $ ENDING FUND BALANCE (510)$ 8,964 $ (61,596)$ (555,081)$ 30,350 $ (218,331)$ (623,130)$ 99,031 $ ADJUSTMENTS FUND BALANCE AS % OF EXP 0.0%0.8%-45.0%-44.5%4.0%-28.4%-513.3%12.7% RESERVE (NO REQUIREMENT)-$ -$ -$ -$ -$ -$ -$ -$ RESERVE SURPLUS/(SHORTFALL)(510)$ 8,964 $ (61,596)$ (555,081)$ 30,350 $ (218,331)$ (623,130)$ 99,031 $ -$ CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES REVENUE LINE ITEM SUMMARY "EXEMPLIFYING EXCELLENCE" 15: EDC4B FUND FY12-13 FY12-13 FY12-13 FY12-13 FY13-14 FY13-14 FY13-14 FY13-14 CY - PY FY12-13 FY13-14 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD NOV ESTIMATE PROPOSED AMENDED YTD NOV ESTIMATE CHANGE YTD %YTD % 4001-00-00 PROPERTY TAX-CURRENT YEAR - - - - - - - - - 0.0%0.0% 4002-00-00 MMD TAX-CURRENT YEAR 42,466 42,466 5,478 42,167 23,132 23,132 5,478 23,132 (19,334) 12.9%23.7% AD VALOREM TAXES 42,466 $ 42,466 $ 5,478 $ 42,167 $ 23,132 $ 23,132 $ 5,478 $ 23,132 $ (19,334)$ 12.9%23.7% 4081-00-00 SALES TAX 397,660 397,660 199 297,348 305,808 305,808 193 306,677 (91,852) 0.1%0.1% 4082-00-00 MIXED BEVERAGE TAX - - - - - - - - - 0.0%0.0% SALES/BEVERAGE TAXES 397,660 $ 397,660 $ 199 $ 297,348 $ 305,808 $ 305,808 $ 193 $ 306,677 $ (91,852)$ 0.1%0.1% 4401-00-00 INVESTMENT INCOME 250 250 150 471 645 645 2 645 395 60.1%0.3% INVESTMENT EARNINGS 250 $ 250 $ 150 $ 471 $ 645 $ 645 $ 2 $ 645 $ 395 $ 60.1%0.3% 4409-00-00 MISCELLANEOUS INCOME 395,000 395,000 - 106,313 600,000 600,000 2,678 925,000 205,000 0.0%0.4% 4411-00-00 TEXAS LEVERAGE FUND PROGRAM - - - - - - - - - 0.0%0.0% 4415-00-00 INSURANCE REIMBURSEMENTS - - - 10,943 - - 11,943 - - 0.0%#DIV/0! MISCELLANEOUS INCOME 395,000 $ 395,000 $ -$ 117,255 $ 600,000 $ 600,000 $ 14,621 $ 925,000 $ 205,000 $ 0.0%2.4% 4805-00-00 RENTAL FEES-SHOPPING CENTER 227,556 227,556 33,594 198,206 166,440 166,440 33,000 166,440 (61,116) 14.8%19.8% 4806-00-00 RENTAL INSURANCE 4,000 4,000 49 1,784 8,500 8,500 49 10,075 4,500 1.2%0.6% SURPLUS SALES/RENTALS 231,556 $ 231,556 $ 33,643 $ 199,990 $ 174,940 $ 174,940 $ 33,049 $ 176,515 $ (56,616)$ 14.5%18.9% 4902-00-00 PROCEEDS - DEBT/LOAN/LEASE - - - - - - - - - 0.0%0.0% TRANSFERS -$ -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% TOTAL REVENUES 1,066,932 $ 1,066,932 $ 39,470 $ 657,231 $ 1,104,525 $ 1,104,525 $ 53,342 $ 1,431,969 $ 37,593 $ 3.7%4.8% TOTAL REVENUES (EXCLUDING INTEREST/TRANSFERS)1,066,682 $ 1,066,682 $ 39,320 $ 645,818 $ 1,103,880 $ 1,103,880 $ 41,398 $ 1,431,324 $ 37,198 $ 10% ADMIN CHARGE-GENERAL FUND 106,668 106,668 3,932 - 110,388 110,388 4,140 143,132 3,720 ZERO OUT ADMIN CHA $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 Economic Development Corporation Sales Tax Revenue Three Year History 2010-11 ACTUAL 2011-12 ACTUAL 2012-13 ACTUAL 2013-14 ACTUAL 33,617 31,297 23,446 20,135 30,003 20,791 20,318 32,020 21,136 22,435 27,973 26,025 21,990 29,867 31,661 22,458 $15,000 $20,000 $25,000 $30,000 $35,000 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP Economic Development Corporation Sales Tax Revenue Monthly History 2012-13 ACTUAL 2013-14 ACTUAL Sales Tax Collections ECONOMIC DEVELOPMENT CORPORATION 4B SALES TAX - $0.005 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2012-13 2012-13 GAIN/GAIN/YTD 2012-13 2013-14 2013-14 2013-14 GAIN/GAIN/YTD 2013-14 ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET ACTUAL YTD LOSS LOSS CUM ESTIMATE BUDGET ACTUAL YTD LOSS LOSS CUM ESTIMATE OCT 26,737 27,574 30,493 26,719 21,880 22,001 19,568 24,368 31,540 33,287 33,617 33,617 329 6.6%6.6%33,617 33,617 21,990 21,990 (11,626) -34.6%-34.6%21,990 NOV 33,807 28,806 33,284 41,109 30,548 33,732 27,081 39,515 37,196 37,693 31,297 64,913 (6,397) -15.9%-5.6%31,297 31,297 29,867 51,857 (1,430) -4.6%-20.1%29,867 DEC 26,428 23,373 24,372 23,107 23,438 30,093 18,417 24,331 38,349 38,847 23,446 88,359 (15,401) -38.9%-17.5%23,446 23,446 31,661 83,518 8,215 35.0%-5.5%31,661 JAN 21,991 22,728 23,443 26,331 22,677 19,433 18,102 28,700 29,926 30,424 20,135 108,495 (10,288) -32.7%-20.8%20,135 20,135 22,458 105,975 2,322 11.5%-2.3%22,458 FEB 35,744 33,862 35,625 29,751 29,839 33,556 24,379 38,020 30,992 31,490 30,003 138,498 (1,487) -3.2%-17.6%30,003 30,003 30,003 135,978 - 0.0%-1.8%30,003 MAR 22,465 21,345 24,975 16,997 21,830 17,063 18,010 25,672 24,484 24,982 20,791 159,289 (4,190) -15.1%-17.2%20,791 20,791 20,791 156,770 - 0.0%-1.6%20,791 APR 23,465 21,936 24,036 25,672 24,231 22,636 18,030 27,583 37,230 37,727 20,318 179,608 (17,409) -45.4%-21.8%20,318 20,318 20,318 177,088 - 0.0%-1.4%20,318 MAY 36,121 36,355 35,851 32,194 31,278 30,806 55,683 37,335 41,230 41,728 32,020 211,628 (9,708) -22.3%-21.9%32,020 32,020 32,020 209,108 - 0.0%-1.2%32,020 JUN 33,889 24,011 27,616 26,993 24,985 21,608 29,762 24,899 24,369 24,866 21,136 232,764 (3,730) -13.3%-21.2%21,136 21,136 21,136 230,245 - 0.0%-1.1%21,136 JUL 25,928 25,987 24,299 27,477 30,517 17,906 141,681 25,572 40,830 41,327 22,435 255,199 (18,892) -45.1%-24.1%22,435 22,435 22,435 252,679 - 0.0%-1.0%22,435 AUG 30,767 34,222 35,983 28,340 38,499 33,664 34,381 28,137 26,679 27,177 27,973 283,172 796 4.8%-22.0%27,973 27,973 27,973 280,652 - 0.0%-0.9%27,973 SEP 25,710 22,677 27,368 30,430 23,534 24,245 27,457 36,010 27,612 28,112 26,025 309,197 (2,087) -5.7%-20.8%26,025 26,025 26,025 306,677 - 0.0%-0.8%26,025 343,051 322,876 347,346 335,121 323,256 306,744 432,550 360,141 390,438 397,660 309,197 (88,463) 309,197 309,197 306,677 (2,520) 306,677 5.41%-5.88%7.58%-3.52%-3.54%-5.11%41.01%-16.74%8.41%1.85%-20.81%-20.81%0.00%-0.81%-0.81% ACCOUNT OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP TOTAL INCOME Rental Income 15,888.80 $ 15,637.00 $ 15,645.00 $ 15,637.00 $ -$ -$ -$ -$ -$ -$ -$ -$ 62,807.80 $ Tax Escrows 2,738.95 $ 2,738.95 $ 2,738.95 $ 2,738.95 $ -$ -$ -$ -$ -$ -$ -$ -$ 10,955.80 $ Insurance Escrows 24.37 $ 24.37 $ 24.37 $ 24.37 $ -$ -$ -$ -$ -$ -$ -$ -$ 97.48 $ CAM Escrows 737.16 $ 737.16 $ 737.16 $ 737.16 $ -$ -$ -$ -$ -$ -$ -$ -$ 2,948.64 $ Security Deposit -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ TOTAL INCOME 19,389.28 $ 19,137.48 $ 19,145.48 $ 19,137.48 $ -$ -$ -$ -$ -$ -$ -$ -$ 76,809.72 $ EXPENSES General & Admin -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Property Mgmt 500.00 $ 500.00 $ 504.00 $ 500.00 $ -$ -$ -$ -$ -$ -$ -$ -$ 2,004.00 $ Office Expenses -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Legal Services -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Rental Commissions -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Electricity 384.24 $ 278.51 $ 416.56 $ 285.95 $ -$ -$ -$ -$ -$ -$ -$ -$ 1,365.26 $ Sweeping -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Porter service -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Landscape 1,165.35 $ 1,165.35 $ 1,165.35 $ 1,165.35 $ -$ -$ -$ -$ -$ -$ -$ -$ 4,661.40 $ Fire Sprinkler/Alarm 150.00 $ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 150.00 $ Asphalt -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Water 609.05 $ 408.73 $ 452.62 $ 359.51 $ -$ -$ -$ -$ -$ -$ -$ -$ 1,829.91 $ Landscape Materials -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Maintenance/Construction 275.00 $ -$ 275.00 $ 150.00 $ -$ -$ -$ -$ -$ -$ -$ -$ 700.00 $ Roofing Repair -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Signage -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ TOTAL EXPENSES 3,083.64 $ 2,352.59 $ 2,813.53 $ 2,460.81 $ -$ -$ -$ -$ -$ -$ -$ -$ 10,710.57 $ ADJUSTMENTS Operating Balance -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ TOTAL ADJUSTMENTS -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ NET PROFIT/(LOSS) - CHECK 16,305.64 $ 16,784.89 $ 16,331.95 $ 16,676.67 $ -$ -$ -$ -$ -$ -$ -$ -$ 66,099.15 $ Total Rental Income Posted 16,625.96 $ 16,374.16 $ 16,382.16 $ 16,374.16 $ -$ -$ -$ -$ -$ -$ -$ -$ 65,756.44 $ CYPRESS HISTORY FOR KENNEDALE TOWN SHOPPING CENTER FY2013-2014 ACCOUNT OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP TOTAL INCOME Rental Income 16,059.92 $ 16,059.92 $ 16,059.92 $ 16,059.92 $ 15,637.00 $ 15,637.00 $ 15,637.00 $ 15,637.00 $ 15,637.00 $ 15,637.00 $ 15,637.00 $ 15,637.00 $ 189,335.68 $ Tax Escrows 2,738.95 $ 2,738.95 $ 2,738.95 $ 2,738.95 $ 2,738.95 $ 2,738.95 $ 2,738.95 $ 2,738.95 $ 12,038.82 $ 2,738.95 $ 2,738.95 $ 2,738.95 $ 42,167.27 $ Insurance Escrows 24.37 $ 24.37 $ 24.37 $ 24.37 $ 24.37 $ 24.37 $ 24.37 $ 24.37 $ 1,539.83 $ 24.37 $ 24.37 $ 24.37 $ 1,807.90 $ CAM Escrows 737.16 $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ 8,845.92 $ Security Deposit -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ TOTAL INCOME 19,560.40 $ 19,560.40 $ 19,560.40 $ 19,560.40 $ 19,137.48 $ 19,137.48 $ 19,137.48 $ 19,137.48 $ 29,952.81 $ 19,137.48 $ 19,137.48 $ 19,137.48 $ 242,156.77 $ 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 -$ 46.31 $ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 46.31 $ Legal Services -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Rental Commissions -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Electricity 142.05 $ 391.20 $ 493.36 $ 493.36 $ 885.72 $ 429.18 $ 414.88 $ 456.46 $ 414.28 $ 425.43 $ 408.86 $ 448.04 $ 5,402.82 $ Sweeping -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Porter service -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Landscape 638.28 $ -$ -$ -$ -$ -$ -$ -$ -$ -$ 1,165.35 $ 1,165.35 $ 2,968.98 $ Fire Sprinkler/Alarm 150.00 $ -$ -$ -$ -$ -$ 150.00 $ -$ -$ -$ 150.00 $ -$ 450.00 $ Asphalt -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Water 767.50 $ 1,075.26 $ 841.11 $ 272.78 $ 100.76 $ 210.69 $ 129.52 $ 365.67 $ 58.45 $ 272.83 $ 524.08 $ 799.19 $ 5,417.84 $ Landscape Materials -$ 1,165.35 $ 1,165.00 $ 1,165.35 $ 1,165.35 $ 1,165.35 $ 1,165.35 $ 1,665.35 $ 1,875.35 $ 1,516.13 $ -$ -$ 12,048.58 $ Maintenance/Construction 550.00 $ 2,776.18 $ 475.00 $ 706.43 $ 985.00 $ 275.00 $ 275.00 $ 275.00 $ 940.00 $ 3,010.00 $ 275.00 $ 275.00 $ 10,817.61 $ Roofing Repair -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Signage -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ TOTAL EXPENSES 2,747.83 $ 5,954.30 $ 3,474.47 $ 3,137.92 $ 3,636.83 $ 2,580.22 $ 2,634.75 $ 3,262.48 $ 3,788.08 $ 5,724.39 $ 3,023.29 $ 3,187.58 $ 43,152.14 $ ADJUSTMENTS Operating Balance -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ TOTAL ADJUSTMENTS -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ NET PROFIT/(LOSS) - CHECK 16,812.57 $ 13,606.10 $ 16,085.93 $ 16,422.48 $ 15,500.65 $ 16,557.26 $ 16,502.73 $ 15,875.00 $ 26,164.73 $ 13,413.09 $ 16,114.19 $ 15,949.90 $ 199,004.63 $ Total Rental Income Posted 16,797.08 $ 16,797.08 $ 16,797.08 $ 16,797.08 $ 16,374.16 $ 16,374.16 $ 16,374.16 $ 16,374.16 $ 16,374.16 $ 16,374.16 $ 16,374.16 $ 16,374.16 $ 198,181.60 $ CYPRESS HISTORY FOR KENNEDALE TOWN SHOPPING CENTER FY2012-2013 CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY "EXEMPLIFYING EXCELLENCE" 15: EDC4B FUND 01: ADMINISTRATION FY12-13 FY12-13 FY12-13 FY12-13 FY13-14 FY13-14 FY13-14 FY13-14 CY - PY FY12-13 FY13-14 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD NOV ESTIMATE PROPOSED AMENDED YTD NOV ESTIMATE CHANGE 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) 0.0%0.0% 5240-01-00 PRINTED SUPPLIES 16,544 16,544 1,227 11,259 3,000 3,000 - 3,000 (13,544) 7.4%0.0% 5260-01-00 GENERAL OFFICE SUPPLIES 250 250 - - 50 50 - 50 (200) 0.0%0.0% 5261-01-00 POSTAGE 250 250 - - 50 50 - 50 (200) 0.0%0.0% 5280-01-00 MINOR EQUIP/SMALL TOOLS<$5K - - - - - - - - - 0.0%0.0% 5290-01-00 EXPENDABLE SUPPLIES - - - - - - - - - 0.0%0.0% SUPPLIES 17,344 $ 17,344 $ 1,227 $ 11,259 $ 3,100 $ 3,100 $ -$ 3,100 $ (14,244)$ 7.1%0.0% 5403-01-00 BUILDING MAINTENANCE - - - - - - - - - 0.0%0.0% 5440-01-00 OFFICE EQUIP/SOFTWARE MAINT - - - - - - - - - 0.0%0.0% MAINTENANCE -$ -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% 5501-01-00 ADVERTISING 5,000 5,000 - 6,604 - - - - (5,000) 0.0%0.0% 5510-01-00 ASSOC DUES/PUBLICATIONS 9,775 9,775 - 10,985 3,150 3,150 - 3,150 (6,625) 0.0%0.0% 5512-01-00 CONTRACTUAL SERVICES - - - - - - - - - 0.0%0.0% 5525-01-00 TRAINING/SEMINARS 1,000 1,000 - 270 1,000 1,000 - 1,000 - 0.0%0.0% 5565-01-00 LEGAL SERVICES 16,000 16,000 100 100 5,000 5,000 - 5,000 (11,000) 0.6%0.0% 5567-01-00 AUDIT SERVICES 1,500 1,500 - 1,500 2,000 2,000 2,000 2,000 500 0.0%100.0% 5569-01-00 IT SUPPORT - - - - - - - - - 0.0%0.0% 5570-01-00 SPECIAL SERVICES 49,036 49,036 16,712 74,304 51,600 51,600 8,100 51,600 2,564 34.1%15.7% 5575-01-00 EQUIPMENT RENTAL - - - - - - - - - 0.0%0.0% 5578-01-00 TRAVEL 700 700 164 186 700 700 - 700 - 23.4%0.0% 5580-01-00 ENGINEERING SERVICES 50,000 50,000 11,699 18,999 10,000 10,000 - 10,000 (40,000) 23.4%0.0% 5585-01-00 TELEPHONE SERVICES - - - - - - - - - 0.0%0.0% 5595-01-00 ADMIN CHARGE-GENERAL FUND 106,668 106,668 3,932 - 110,388 110,388 - 110,388 3,720 3.7%0.0% SUNDRY 239,679 $ 239,679 $ 32,607 $ 112,948 $ 183,838 $ 183,838 $ 10,100 $ 183,838 $ (55,841)$ 13.6%5.5% 5610-01-00 VISUAL GRANT - - - 6,000 - - - - - 0.0%0.0% 5615-01-00 FUNCTIONAL GRANT - - - - - - - - - 0.0%0.0% 5625-01-00 ISSUANCE COST - - - - - - - - - 0.0%0.0% DEBT -$ -$ -$ 6,000 $ -$ -$ -$ -$ -$ 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 - - 903 1,662 - - 2,891 2,891 - #DIV/0!#DIV/0! 5813-01-00 KENNEDALE ENTRANCE SIGN 45,000 45,000 - - - - - - (45,000) 0.0%0.0% 5820-01-00 BUILDING IMPROVEMENT - - - - - - - - - 0.0%0.0% 5875-01-00 CONSTRUCTION - - - - - - - - - 0.0%0.0% CAPITAL 45,000 $ 45,000 $ 903 $ 1,662 $ -$ -$ 2,891 $ 2,891 $ (45,000)$ 2.0%#DIV/0! TOTAL EXPENDITURES 302,022 $ 302,022 $ 34,737 $ 131,869 $ 186,938 $ 186,938 $ 12,991 $ 189,829 $ (115,084)$ 11.5%6.9% CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY "EXEMPLIFYING EXCELLENCE" 15: EDC4B FUND 01: ADMINISTRATION 03: DEBT SERVICE FY12-13 FY12-13 FY12-13 FY12-13 FY13-14 FY13-14 FY13-14 FY13-14 CY - PY FY12-13 FY13-14 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD NOV ESTIMATE PROPOSED AMENDED YTD NOV ESTIMATE CHANGE 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 71,585 71,585 35,738 71,531 68,806 68,806 34,364 68,806 (2,779) 49.9%49.9% 5644-01-03 2007 $1.2M TAX BOND-PRINCIPAL 40,000 40,000 - 40,000 45,000 45,000 - 45,000 5,000 0.0%0.0% 5645-01-03 2011 $1.7M TX LEVERAGE-INT 19,359 19,359 3,289 17,702 18,210 18,210 4,662 18,210 (1,149) 17.0%25.6% 5646-01-03 2011 $1.7M TX LEVERAGE-PRI 34,813 34,813 5,739 31,954 54,171 54,171 8,881 54,171 19,358 16.5%16.4% DEBT 165,757 $ 165,757 $ 44,767 $ 161,188 $ 186,187 $ 186,187 $ 47,907 $ 186,187 $ 20,430 $ 27.0%25.7% 5702-01-03 TRANSFER OUT-DEBT SERVICE FUND 151,619 151,619 38,309 151,619 155,118 155,118 37,559 155,118 3,499 25.3%24.2% TRANSFER 151,619 $ 151,619 $ 38,309 $ 151,619 $ 155,118 $ 155,118 $ 37,559 $ 155,118 $ 3,499 $ 25.3%24.2% TOTAL EXPENDITURES 317,376 $ 317,376 $ 83,076 $ 312,806 $ 341,305 $ 341,305 $ 85,466 $ 341,305 $ 23,929 $ 26.2%25.0% CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY "EXEMPLIFYING EXCELLENCE" 15: EDC4B FUND 02: TOWN SHOPPING CENTER FY12-13 FY12-13 FY12-13 FY12-13 FY13-14 FY13-14 FY13-14 FY13-14 CY - PY FY12-13 FY13-14 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD NOV ESTIMATE PROPOSED AMENDED YTD NOV ESTIMATE CHANGE YTD %YTD % 5280-02-00 MINOR EQUIP/SMALL TOOLS<$5K - - - - - - - - - 0.0%0.0% SUPPLIES -$ -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% 5403-02-00 BUILDING MAINTENANCE 22,856 22,856 7,514 32,094 30,240 30,240 3,773 30,240 7,384 32.9%12.5% MAINTENANCE 22,856 $ 22,856 $ 7,514 $ 32,094 $ 30,240 $ 30,240 $ 3,773 $ 30,240 $ 7,384 $ 32.9%12.5% 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 4,200 4,200 142 5,012 5,000 5,000 663 5,000 800 3.4%13.3% 5545-02-00 INSURANCE-PROPERTY 4,000 4,000 8,476 8,476 8,500 8,500 10,075 10,075 4,500 211.9%118.5% 5565-02-00 LEGAL SERVICES - - - - - - - - - 0.0%0.0% 5570-02-00 SPECIAL SERVICES 17,892 17,892 1,046 17,938 15,792 15,792 2,807 15,792 (2,100) 5.8%17.8% SUNDRY 26,092 $ 26,092 $ 9,665 $ 31,426 $ 29,292 $ 29,292 $ 13,545 $ 30,867 $ 3,200 $ 37.0%46.2% TOTAL EXPENDITURES 48,948 $ 48,948 $ 17,179 $ 63,521 $ 59,532 $ 59,532 $ 17,318 $ 61,107 $ 10,584 $ 35.1%29.1% CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY "EXEMPLIFYING EXCELLENCE" 15: EDC4B FUND 03: TOWN CENTER REDEVELOPMENT FY12-13 FY12-13 FY12-13 FY12-13 FY13-14 FY13-14 FY13-14 FY13-14 CY - PY FY12-13 FY13-14 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD NOV ESTIMATE PROPOSED AMENDED YTD NOV ESTIMATE CHANGE YTD %YTD % 5570-03-00 SPECIAL SERVICES - - - - - - - - - 0.0%0.0% 5579-03-00 ARCHITECT/DESIGN SERVICES - - - - - - - - - 0.0%0.0% 5580-03-00 ENGINEERING SERVICES - - - 2,550 - - - - - 0.0%0.0% SUNDRY -$ -$ -$ 2,550 $ -$ -$ -$ -$ -$ 0.0%0.0% 5800-03-00 LAND - - - - - - - - - 0.0%0.0% 5847-03-00 CONSTRUCTION 30,000 30,000 - 44,632 30,000 30,000 - 30,000 - 0.0%0.0% CAPITAL 30,000 $ 30,000 $ -$ 44,632 $ 30,000 $ 30,000 $ -$ 30,000 $ -$ 0.0%0.0% 30,000 $ 30,000 $ -$ 47,182 $ 30,000 $ 30,000 $ -$ 30,000 $ -$ 0.0%0.0% CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY "EXEMPLIFYING EXCELLENCE" 15: EDC4B FUND 04: TEXAS LEVERAGE PROGRAM FY12-13 FY12-13 FY12-13 FY12-13 FY13-14 FY13-14 FY13-14 FY13-14 CY - PY FY12-13 FY13-14 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD NOV ESTIMATE PROPOSED AMENDED YTD NOV ESTIMATE CHANGE YTD %YTD % 5580-04-00 ENGINEERING SERVICES - - - 124,177 - - 5,616 5,616 - 0.0%#DIV/0! SUNDRY -$ -$ -$ 124,177 $ -$ -$ 5,616 $ 5,616 $ -$ 0.0%#DIV/0! 5615-04-00 FUNCTIONAL GRANT - - - - - - - - - 0.0%0.0% 5620-04-00 ISSUANCE COSTS - - - - - - - - - 0.0%0.0% DEBT -$ -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% 5800-04-00 LAND - - 2,000 568,684 150,000 150,000 - 150,000 150,000 #DIV/0!0.0% 5847-04-00 CONSTRUCTION 395,548 395,548 - - - - - - (395,548) 0.0%0.0% CAPITAL 395,548 $ 395,548 $ 2,000 $ 568,684 $ 150,000 $ 150,000 $ -$ 150,000 $ (245,548)$ 0.5%0.0% 395,548 $ 395,548 $ 2,000 $ 692,861 $ 150,000 $ 150,000 $ 5,616 $ 155,616 $ (245,548)$ 0.5%3.7% CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY "EXEMPLIFYING EXCELLENCE" 19: EDC4B CAPITAL BOND FUND FY12-13 FY12-13 FY12-13 FY12-13 FY13-14 FY13-14 FY13-14 FY13-14 CY - PY FY12-13 FY13-14 CATEGORY BUDGET AMENDED YTD NOV ESTIMATE PROPOSED AMENDED YTD NOV ESTIMATE CHANGE YTD %YTD % BEGINNING FUND BALANCE -$ 46,182 $ 46,182 $ 46,182 $ 38,357 $ 29,411 $ 29,411 $ 29,411 $ INVESTMENT EARNINGS - - 35 100 - - 7 7 - #DIV/0!#DIV/0! TRANSFERS - - - - - - - - - 0.0%0.0% TOTAL REVENUES -$ -$ 35 $ 100 $ -$ -$ 7 $ 7 $ -$ #DIV/0!#DIV/0! MAINTENANCE - - - - - - - - - 0.0%0.0% SUNDRY - - - 6,779 - - - - - 0.0%0.0% CAPITAL - - - 10,091 25,000 25,000 - 25,000 25,000 0.0%0.0% TOTAL EXPENDITURES -$ -$ -$ 16,871 $ 25,000 $ 25,000 $ -$ 25,000 $ 25,000 $ 0.0%0.0% REVENUES OVER EXPENDITURES -$ -$ 35 $ (16,770)$ (25,000)$ (25,000)$ 7 $ (24,993)$ (25,000)$ ENDING FUND BALANCE -$ 46,182 $ 46,216 $ 29,411 $ 13,357 $ 4,411 $ 29,419 $ 4,419 $ (25,000)$ ADJUSTMENTS FUND BALANCE AS % OF EXP N/A N/A N/A 174.3%53.4%17.6%N/A 17.7% RESERVE (NO REQUIREMENT)-$ -$ -$ -$ -$ -$ -$ -$ RESERVE SURPLUS/(SHORTFALL)-$ 46,182 $ 46,216 $ 29,411 $ 13,357 $ 4,411 $ 29,419 $ 4,419 $ CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES REVENUE/EXPENDITURE LINE ITEM SUMMARY "EXEMPLIFYING EXCELLENCE" 19: EDC4B CAPITAL BOND FUND FY12-13 FY12-13 FY12-13 FY12-13 FY13-14 FY13-14 FY13-14 FY13-14 CY - PY FY12-13 FY13-14 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD NOV ESTIMATE PROPOSED AMENDED YTD NOV ESTIMATE CHANGE YTD %YTD % 4401-00-00 INVESTMENT INCOME - - 35 100 - - 7 7 - #DIV/0!#DIV/0! INVESTMENT EARNINGS -$ -$ 35 $ 100 $ -$ -$ 7 $ 7 $ -$ #DIV/0!#DIV/0! 4913-00-00 TRANSFER IN-CAPITAL BOND FUND - - - - - - - - - 0.0%0.0% TRANSFERS -$ -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% TOTAL REVENUES -$ -$ 35 $ 100 $ -$ -$ 7 $ 7 $ (250)$ #DIV/0!#DIV/0! 19: EDC4B CAPITAL BOND FUND 01: TOWN CENTER REDEVELOPMENT FY12-13 FY12-13 FY12-13 FY12-13 FY13-14 FY13-14 FY13-14 FY13-14 CY - PY FY12-13 FY13-14 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD NOV ESTIMATE PROPOSED AMENDED YTD NOV ESTIMATE CHANGE 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 - - - - - - - - - 0.0%0.0% 5579-01-00 ARCHITECT/DESIGN SERVICES - - - - - - - - - 0.0%0.0% 5580-01-00 ENGINEERING SERVICES - - - 6,779 - - - - - 0.0%0.0% SUNDRY -$ -$ -$ 6,779 $ -$ -$ -$ -$ -$ 0.0%0.0% 5800-01-00 LAND - - - - - - - - - 0.0%0.0% 5847-01-00 CONSTRUCTION - - - 10,091 25,000 25,000 - 25,000 25,000 0.0%0.0% CAPITAL -$ -$ -$ 10,091 $ 25,000 $ 25,000 $ -$ 25,000 $ 25,000 $ 0.0%0.0% TOTAL EXPENDITURES -$ -$ -$ 16,871 $ 25,000 $ 25,000 $ -$ 25,000 $ 25,000 $ 0.0%0.0% CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY "EXEMPLIFYING EXCELLENCE" 95: EDC4B RESERVE FUND FY12-13 FY12-13 FY12-13 FY12-13 FY13-14 FY13-14 FY13-14 FY13-14 CY - PY FY12-13 FY13-14 CATEGORY BUDGET AMENDED YTD NOV ESTIMATE PROPOSED AMENDED YTD NOV ESTIMATE CHANGE YTD %YTD % BEGINNING FUND BALANCE 119,866 $ 119,862 $ 119,862 $ 119,862 $ 119,914 $ 119,903 $ 119,903 $ 119,903 $ INVESTMENT EARNINGS 200 200 11 41 52 52 2 12 (148) 5.3%3.6% TRANSFERS - - - - - - - - - 0.0%0.0% TOTAL REVENUES 200 $ 200 $ 11 $ 41 $ 52 $ 52 $ 2 $ 12 $ (148)$ 5.3%3.6% TRANSFERS - - - - - - - - - 0.0%0.0% TOTAL EXPENDITURES -$ -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% REVENUES OVER EXPENDITURES 200 $ 200 $ 11 $ 41 $ 52 $ 52 $ 2 $ 12 $ (148)$ ENDING FUND BALANCE 120,066 $ 120,062 $ 119,872 $ 119,903 $ 119,966 $ 119,955 $ 119,905 $ 119,915 $ (148)$ 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)7,460 $ 7,456 $ 7,266 $ 7,297 $ 7,360 $ 7,349 $ 7,299 $ 7,309 $ CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES REVENUE/EXPENDITURE LINE ITEM SUMMARY "EXEMPLIFYING EXCELLENCE" 95: EDC4B RESERVE FUND FY12-13 FY12-13 FY12-13 FY12-13 FY13-14 FY13-14 FY13-14 FY13-14 CY - PY FY12-13 FY13-14 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD NOV ESTIMATE PROPOSED AMENDED YTD NOV ESTIMATE CHANGE YTD %YTD % 4401-00-00 INVESTMENT INCOME 200 200 11 41 52 52 2 12 (148) 5.3%3.6% INVESTMENT EARNINGS 200 $ 200 $ 11 $ 41 $ 52 $ 52 $ 2 $ 12 $ (148)$ 5.3%3.6% 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 200 $ 200 $ 11 $ 41 $ 52 $ 52 $ 2 $ 12 $ (148)$ 5.3%3.6% 95: EDC4B RESERVE FUND FY12-13 FY12-13 FY12-13 FY12-13 FY13-14 FY13-14 FY13-14 FY13-14 CY - PY FY12-13 FY13-14 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD NOV ESTIMATE PROPOSED AMENDED YTD NOV ESTIMATE CHANGE 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: January 28, 2014 Agenda Item No: STAFF ANNOUNCEMENTS/REPORTS - A. I. Subject: Updates and information from the Executive Director. 1.TXDOT variance request on Kennedale Parkway 2.Green Ribbon Grant project status 3.12 at 12 Meeting 4.Link Street project with Tarrant County 5.Urgent Care Clinic update 6.Red's Roadhouse update II. Originated by: Bob Hart III. Summary: At this time Executive Director Bob Hart and Jack Thompson from Orasi Development will provide updates on the listed topics. IV. Recommendation: None V. Alternative Actions: VI. Attachments: Staff Report to the Board of Directors Date: January 28, 2014 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.Discuss the sale of Oak Crest pad sites. 2.Discuss lease of Building 1 in Kennedale TownCenter 3.Discuss sale of 1000 E Kennedale Parkway. II. Originated by: Bob Hart III. Summary: This discussion will be held during executive session. IV. Recommendation: V. Alternative Actions: VI. Attachments: Staff Report to the Board of Directors Date: January 28, 2014 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.Discuss incentives for hotel development. II. Originated by: Bob Hart III. Summary: Bob Hart will present information on this topic during executive session. IV. Recommendation: V. Alternative Actions: VI. Attachments: