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2014_05.27 EDC Agenda PacketECONOMIC DEVELOPMENT CORPORATION AGENDA BOARD OF DIRECTORS - REGULAR MEETING May 27, 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 April 29, 2014 regular meeting. IV. REGULAR ITEMS A. Review and accept the KEDC Financial Report for March 2014. V. STAFF ANNOUNCEMENTS/REPORTS A. Updates and information from the Executive Director. 1.Discuss the TownCenter marketing plan. 2.Link Street and Oak Crest development 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 sites. 2.Discuss lease of Building 1 in Kennedale TownCenter 3.Discuss the sale of 1083 Bowman Springs Road. 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 development incentives at 1208 W. Kennedale Parkway. 2.Discuss development incentives at 120 Industrial Drive. VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION, IF NEEDED A. Discuss the provision of economic development personnel and delivery efforts within the city. 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 May 27, 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: May 27, 2014 Agenda Item No: MINUTES APPROVAL - A. I. Subject: Consider approval of minutes from the April 29, 2014 regular meeting. II. Originated by: Amethyst G. Sloane, City Secretary and Communications Coordinator III. Summary: Please see the attached minutes for approval. IV. Recommendation: Approve V. Alternative Actions: VI. Attachments: 1.minutes 04.29.2014 EDC Minutes.doc ECONOMIC DEVELOPMENT CORPORATION MINUTES BOARD OF DIRECTORS - REGULAR MEETING April 29, 2014 CITY HALL COUNCIL CHAMBERS, 405 MUNICIPAL DRIVE I. CALL TO ORDER Robert Mundy called the meeting to order at 7:05PM. II. ROLL CALL Present: Pat Turner, Robert Mundy, Mark Yeary, Rebecca Mowell, Ronald Whitley, Mike Johnson, Adrienne Kay Absent: none Staff Present: Bob Hart (Executive Director), Sakura Dedrick (Finance), Jack Thompson (Orasi Development) III. MINUTES APPROVAL A. Consider approval of minutes from the March 25, 2014 regular meeting. Motion To approve the minutes as presented. Action Approve, Moved By Mark Yeary Seconded By Rebecca Mowell Motion Passed Unanimously IV. REGULAR ITEMS A. Review and accept the KEDC Financial Report for February 2014. Sakura Dedrick presented the report. Motion To approve the financial report as presented. Action Approve, Moved By Ronald Whitley Seconded By Adrienne Kay Motion Passed Unanimously V. STAFF ANNOUNCEMENTS/REPORTS A. Updates and information from the Executive Director. Executive Director Bob Hart provided information on the following topics: 1.TownCenter marketing plan presentation on May 1 at 3:00pm at UTA. All members were invited to attend this presentation. 2.Link Street and Oak Crest development update. This project is well underway and several conversations with developers have taken place. 3.12 at 12 meeting on April 23, 2014. This meeting program is going well and has been well-received by those who have participated thus far. 4.May 24, 2014 EDC meeting. President Mundy recessed the meeting into executive session at 7:29PM. 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 sites. 2.Discuss lease of Building 1 in Kennedale TownCenter 3.Discuss the sale of 1083 Bowman Springs Road in light of zoning and Comprehensive Plan standards. 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 development incentives at 1208 W. Kennedale Parkway. 2.Discuss development incentives at 120 Industrial Drive. VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION, IF NEEDED President Mundy reopened the regular session at 9:41 PM. No action pursuant to executive session was necessary. A. Discuss the provision of economic development personnel and delivery efforts within the city. A general discussion on this topic was held. No action was necessary. VIII. ADJOURNMENT Motion Adjourn. Action Adjourn, Moved By Rebecca Mowell, Seconded By Mark Yeary. Motion Passed Unanimously The meeting was adjourned at 9:42PM. APPROVED: _________________________________ President Robert Mundy ATTEST: _________________________________ City Secretary Amethyst G. Sloane Staff Report to the Board of Directors Date: May 27, 2014 Agenda Item No: REGULAR ITEMS - A. I. Subject: Review and accept the KEDC Financial Report for March 2014. II. Originated by: Sakura Moten-Dedrick, Director of Finance & IT III. Summary: Please see the attached information. IV. Recommendation: Approve V. Alternative Actions: VI. Attachments: 1.Mar 2014 EDC Financials 20140527 EDC Mar 14 Financials.pdf MAR 2014 ECONOMIC DEVELOPMENT CORPORATION FINANCIALS Budget/Amendment No changes. Year -To -Date • Ad Valorem Tax: Increase in comparison over this time last year. Based on tax receipts received from assessments. • Sales /Beverage Tax: Increase in compar ison over this time last year (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 ear ning rates and decrease in cash balance . • Miscellaneous Income: Decrease in comparison over this time last year . We received approximately $12,000 this year for insurance reimbursements given TownCenter sign . Last year included $84,000 for the sale of 601 East Kennedale Parkway. • Surplus Sales/Rentals : Decrease in comparison over this time last year . Approximately $8400 a month lost due to Surplus Warehouse closure beginning Feb 2014 . The Cypress History for Kennedale Town Shopping Center spreadsheet page s have been updated to address the Board’s inquiry concerning Rental Income at last month’s meeting. This will be addressed in further detail this month. • Transfers: No significant change. • Personnel : No significant change. • Supplies: Decrease in comparison over this time 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: Decrease in comparison over this time last year . E stimate For FY12/13 , the final ending fund balance was ($405,767). This is ($555,081) for operations / $29,411 capital bond project / $119,903 reserve bond. The board accepted the audit at its March meeting. For FY 1 3/14 , the anticipated en ding fund balance is $236,708 . This is $112,367 operations / $4,426 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 MAR ACTUAL PROPOSED AMENDED YTD MAR ESTIMATE CHANGE OPERATING REVENUES 1,066,682 1,066,682 305,715 656,760 1,103,880 1,103,880 265,559 1,478,951 37,198 OPERATING EXPENDITURES (942,275) (942,275) (590,437) (1,096,620) (612,657) (612,657) (216,218) (656,397) (329,618) OPERATING INCOME/(LOSS)124,407 124,407 (284,722) (439,860) 491,223 491,223 49,342 822,554 (292,420) NONOPERATING REVENUES/(EXPENSES) INTEREST EARNINGS 250 250 353 471 645 645 3 12 395 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) (322,678) (591,008) 336,750 336,750 11,786 667,448 (295,525) BEGINNING FUND BALANCE 26,452 $ 35,926 $ 35,926 $ 35,926 $ (306,400)$ (555,081)$ (555,081)$ (555,081)$ (342,326) ENDING FUND BALANCE (EXCLUDING OTHER FUNDS)(510)$ 8,964 $ (286,752)$ (555,081)$ 30,350 $ (218,331)$ (543,296)$ 112,367 $ 21,386 95: EDC4B RESERVE FUND 120,066 $ 120,062 $ 119,890 $ 119,903 $ 119,966 $ 119,955 $ 119,911 $ 119,915 $ (96) 19: EDC4B CAPITAL BOND FUND -$ 46,182 $ 45,088 $ 29,411 $ 13,357 $ 4,411 $ 29,424 $ 4,426 $ (32,825) ENDING FUND BALANCE (INCLUDING OTHER FUNDS)119,556 $ 175,208 $ (121,774)$ (405,767)$ 163,673 $ (93,965)$ (393,961)$ 236,708 $ (11,535)$ 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 MAR ACTUAL PROPOSED AMENDED YTD MAR 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 16,434 42,167 23,132 23,132 49,970 49,970 (19,334) 38.7%216.0% SALES/BEVERAGE TAXES 397,660 397,660 94,973 297,348 305,808 305,808 110,523 317,098 (91,852) 23.9%36.1% INVESTMENT EARNINGS 250 250 353 471 645 645 3 12 395 141.4%0.5% MISCELLANEOUS INCOME 395,000 395,000 94,226 117,255 600,000 600,000 18,657 936,943 205,000 23.9%3.1% SURPLUS SALES/RENTALS 231,556 231,556 100,083 199,990 174,940 174,940 86,410 174,940 (56,616) 43.2%49.4% TRANSFERS -$ -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% TOTAL REVENUES 1,066,932 $ 1,066,932 $ 306,069 $ 657,231 $ 1,104,525 $ 1,104,525 $ 265,562 $ 1,478,963 $ 37,593 $ 28.7%24.0% PERSONNEL - - - - - - - - - 0.0%0.0% SUPPLIES 17,344 17,344 2,912 11,259 3,100 3,100 - 3,100 (14,244) 16.8%0.0% MAINTENANCE 22,856 22,856 16,042 32,094 30,240 30,240 10,295 30,240 7,384 70.2%34.0% SUNDRY 265,771 265,771 149,651 271,101 213,130 213,130 90,163 249,185 (52,641) 56.3%42.3% DEBT 165,757 165,757 64,310 167,188 186,187 186,187 65,964 186,187 20,430 38.8%35.4% TRANSFERS 151,619 151,619 38,309 151,619 155,118 155,118 37,559 155,118 3,499 25.3%24.2% CAPITAL 470,548 470,548 357,523 614,978 180,000 180,000 49,795 187,685 (290,548) 76.0%27.7% TOTAL EXPENDITURES 1,093,894 $ 1,093,894 $ 628,747 $ 1,248,239 $ 767,775 $ 767,775 $ 253,777 $ 811,515 $ (326,119)$ 57.5%33.1% REVENUES OVER EXPENDITURES (26,962)$ (26,962)$ (322,678)$ (591,008)$ 336,750 $ 336,750 $ 11,786 $ 667,448 $ ENDING FUND BALANCE (510)$ 8,964 $ (286,752)$ (555,081)$ 30,350 $ (218,331)$ (543,296)$ 112,367 $ ADJUSTMENTS FUND BALANCE AS % OF EXP 0.0%0.8%-45.6%-44.5%4.0%-28.4%-214.1%13.8% RESERVE (NO REQUIREMENT)-$ -$ -$ -$ -$ -$ -$ -$ RESERVE SURPLUS/(SHORTFALL)(510)$ 8,964 $ (286,752)$ (555,081)$ 30,350 $ (218,331)$ (543,296)$ 112,367 $ 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 MAR ACTUAL PROPOSED AMENDED YTD MAR 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 16,434 42,167 23,132 23,132 49,970 49,970 (19,334) 38.7%216.0% AD VALOREM TAXES 42,466 $ 42,466 $ 16,434 $ 42,167 $ 23,132 $ 23,132 $ 49,970 $ 49,970 $ (19,334)$ 38.7%216.0% 4081-00-00 SALES TAX 397,660 397,660 94,973 297,348 305,808 305,808 110,523 317,098 (91,852) 23.9%36.1% 4082-00-00 MIXED BEVERAGE TAX - - - - - - - - - 0.0%0.0% SALES/BEVERAGE TAXES 397,660 $ 397,660 $ 94,973 $ 297,348 $ 305,808 $ 305,808 $ 110,523 $ 317,098 $ (91,852)$ 23.9%36.1% 4401-00-00 INVESTMENT INCOME 250 250 353 471 645 645 3 12 395 141.4%0.5% INVESTMENT EARNINGS 250 $ 250 $ 353 $ 471 $ 645 $ 645 $ 3 $ 12 $ 395 $ 141.4%0.5% 4409-00-00 MISCELLANEOUS INCOME 395,000 395,000 94,226 106,313 600,000 600,000 6,714 925,000 205,000 23.9%1.1% 4411-00-00 TEXAS LEVERAGE FUND PROGRAM - - - - - - - - - 0.0%0.0% 4415-00-00 INSURANCE REIMBURSEMENTS - - - 10,943 - - 11,943 11,943 - 0.0%#DIV/0! MISCELLANEOUS INCOME 395,000 $ 395,000 $ 94,226 $ 117,255 $ 600,000 $ 600,000 $ 18,657 $ 936,943 $ 205,000 $ 23.9%3.1% 4805-00-00 RENTAL FEES-SHOPPING CENTER 227,556 227,556 99,961 198,206 166,440 166,440 81,697 166,440 (61,116) 43.9%49.1% 4806-00-00 RENTAL INSURANCE 4,000 4,000 122 1,784 8,500 8,500 4,713 8,500 4,500 3.0%55.5% SURPLUS SALES/RENTALS 231,556 $ 231,556 $ 100,083 $ 199,990 $ 174,940 $ 174,940 $ 86,410 $ 174,940 $ (56,616)$ 43.2%49.4% 4902-00-00 PROCEEDS - DEBT/LOAN/LEASE - - - - - - - - - 0.0%0.0% TRANSFERS -$ -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% TOTAL REVENUES 1,066,932 $ 1,066,932 $ 306,069 $ 657,231 $ 1,104,525 $ 1,104,525 $ 265,562 $ 1,478,963 $ 37,593 $ 28.7%24.0% TOTAL REVENUES (EXCLUDING INTEREST/TRANSFERS)1,066,682 $ 1,066,682 $ 305,715 $ 645,818 $ 1,103,880 $ 1,103,880 $ 253,617 $ 1,467,008 $ 37,198 $ 10% ADMIN CHARGE-GENERAL FUND 106,668 106,668 30,572 - 110,388 110,388 25,362 146,701 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 32,594 23,228 26,412 31,319 $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 2013-14 2013-14 2013-14 GAIN/GAIN/YTD 2013-14 ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET ACTUAL YTD 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 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 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 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 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 30,003 32,594 138,569 2,591 8.6%0.1%32,594 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 20,791 23,228 161,797 2,437 11.7%1.6%23,228 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 20,318 26,412 188,209 6,094 30.0%4.8%26,412 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 32,020 31,319 219,529 (701) -2.2%3.7%31,319 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 21,136 21,136 240,665 - 0.0%3.4%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 22,435 22,435 263,099 - 0.0%3.1%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 27,973 27,973 291,072 - 0.0%2.8%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 26,025 26,025 317,098 - 0.0%2.6%26,025 343,051 322,876 347,346 335,121 323,256 306,744 432,550 360,141 390,438 397,660 309,197 309,197 317,098 7,901 317,098 5.41%-5.88%7.58%-3.52%-3.54%-5.11%41.01%-16.74%8.41%1.85%-20.81%0.00%2.56%2.56% ACCOUNT OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP TOTAL INCOME Rental Income 15,637.00 $ 15,637.00 $ 15,637.00 $ 15,637.00 $ 7,237.00 $ 7,237.00 $ 7,237.00 $ -$ -$ -$ -$ -$ 84,259.00 $ Tax Escrows 2,738.95 $ 2,738.95 $ 2,738.95 $ 2,738.95 $ 393.26 $ 4,478.86 $ 9,495.26 $ -$ -$ -$ -$ -$ 25,323.18 $ Insurance Escrows 24.37 $ 24.37 $ 24.37 $ 24.37 $ 24.37 $ 4,591.42 $ 1,471.37 $ -$ -$ -$ -$ -$ 6,184.64 $ CAM Escrows 737.16 $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ -$ -$ -$ -$ -$ 5,160.12 $ Late Fees 251.80 $ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 251.80 $ Bank Fees -$ -$ 8.00 $ -$ -$ -$ -$ -$ -$ -$ -$ -$ 8.00 $ Security Deposit -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ TOTAL INCOME 19,389.28 $ 19,137.48 $ 19,145.48 $ 19,137.48 $ 8,391.79 $ 17,044.44 $ 18,940.79 $ -$ -$ -$ -$ -$ 121,186.74 $ EXPENSES General & Admin -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Property Mgmt 500.00 $ 500.00 $ 504.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ -$ -$ -$ -$ -$ 3,504.00 $ Office Expenses -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Legal Services -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Rental Commissions -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Electricity 384.24 $ 278.51 $ 416.56 $ 285.95 $ 366.96 $ 314.90 $ 325.22 $ -$ -$ -$ -$ -$ 2,372.34 $ Sweeping -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Porter service -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Landscape 1,165.35 $ 1,165.35 $ 1,165.35 $ 1,165.35 $ 1,165.35 $ -$ -$ -$ -$ -$ -$ -$ 5,826.75 $ Fire Sprinkler/Alarm 150.00 $ -$ -$ -$ -$ -$ 150.00 $ -$ -$ -$ -$ -$ 300.00 $ Asphalt -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Water 609.05 $ 408.73 $ 452.62 $ 359.51 $ -$ 27.80 $ -$ -$ -$ -$ -$ -$ 1,857.71 $ Landscape Materials -$ -$ -$ -$ -$ 1,165.35 $ 1,165.35 $ -$ -$ -$ -$ -$ 2,330.70 $ Maintenance/Construction 275.00 $ -$ 275.00 $ 150.00 $ 320.53 $ 275.00 $ 1,003.49 $ -$ -$ -$ -$ -$ 2,299.02 $ Roofing Repair -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Signage -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ TOTAL EXPENSES 3,083.64 $ 2,352.59 $ 2,813.53 $ 2,460.81 $ 2,352.84 $ 2,283.05 $ 3,144.06 $ -$ -$ -$ -$ -$ 18,490.52 $ ADJUSTMENTS Operating Balance -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ TOTAL ADJUSTMENTS -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ NET PROFIT/(LOSS) - CHECK 16,305.64 $ 16,784.89 $ 16,331.95 $ 16,676.67 $ 6,038.95 $ 14,761.39 $ 15,796.73 $ -$ -$ -$ -$ -$ 102,696.22 $ Total Rental Income Posted 16,374.16 $ 16,374.16 $ 16,374.16 $ 16,374.16 $ 7,974.16 $ 7,974.16 $ 7,974.16 $ -$ -$ -$ -$ -$ 89,419.12 $ 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 MAR ACTUAL PROPOSED AMENDED YTD MAR 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 2,912 11,259 3,000 3,000 - 3,000 (13,544) 17.6%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 $ 2,912 $ 11,259 $ 3,100 $ 3,100 $ -$ 3,100 $ (14,244)$ 16.8%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 5,131 6,604 - - 2,200 2,200 (5,000) 102.6%#DIV/0! 5510-01-00 ASSOC DUES/PUBLICATIONS 9,775 9,775 2,593 10,985 3,150 3,150 870 3,150 (6,625) 26.5%27.6% 5512-01-00 CONTRACTUAL SERVICES - - - - - - - - - 0.0%0.0% 5525-01-00 TRAINING/SEMINARS 1,000 1,000 270 270 1,000 1,000 - 1,000 - 27.0%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 1,500 2,000 2,000 2,000 2,000 500 100.0%100.0% 5569-01-00 IT SUPPORT - - - - - - - - - 0.0%0.0% 5570-01-00 SPECIAL SERVICES 49,036 49,036 42,373 74,304 51,600 51,600 24,300 51,600 2,564 86.4%47.1% 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 18,999 18,999 10,000 10,000 7,500 10,000 (40,000) 38.0%75.0% 5585-01-00 TELEPHONE SERVICES - - - - - - - - - 0.0%0.0% 5595-01-00 ADMIN CHARGE-GENERAL FUND 106,668 106,668 30,572 - 110,388 110,388 - 110,388 3,720 28.7%0.0% SUNDRY 239,679 $ 239,679 $ 101,701 $ 112,948 $ 183,838 $ 183,838 $ 36,870 $ 186,038 $ (55,841)$ 42.4%20.1% 5610-01-00 VISUAL GRANT - - 6,000 6,000 - - - - - #DIV/0!0.0% 5615-01-00 FUNCTIONAL GRANT - - - - - - - - - 0.0%0.0% 5625-01-00 ISSUANCE COST - - - - - - - - - 0.0%0.0% DEBT -$ -$ 6,000 $ 6,000 $ -$ -$ -$ -$ -$ #DIV/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 - - 1,662 1,662 - - 7,685 7,685 - #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 $ 1,662 $ 1,662 $ -$ -$ 7,685 $ 7,685 $ (45,000)$ 3.7%#DIV/0! TOTAL EXPENDITURES 302,022 $ 302,022 $ 112,275 $ 131,869 $ 186,938 $ 186,938 $ 44,555 $ 196,823 $ (115,084)$ 37.2%23.8% 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 MAR ACTUAL PROPOSED AMENDED YTD MAR 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 8,164 17,702 18,210 18,210 10,773 18,210 (1,149) 42.2%59.2% 5646-01-03 2011 $1.7M TX LEVERAGE-PRI 34,813 34,813 14,407 31,954 54,171 54,171 20,827 54,171 19,358 41.4%38.4% DEBT 165,757 $ 165,757 $ 58,310 $ 161,188 $ 186,187 $ 186,187 $ 65,964 $ 186,187 $ 20,430 $ 35.2%35.4% 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 $ 96,619 $ 312,806 $ 341,305 $ 341,305 $ 103,523 $ 341,305 $ 23,929 $ 30.4%30.3% 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 MAR ACTUAL PROPOSED AMENDED YTD MAR 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 16,042 32,094 30,240 30,240 10,295 30,240 7,384 70.2%34.0% MAINTENANCE 22,856 $ 22,856 $ 16,042 $ 32,094 $ 30,240 $ 30,240 $ 10,295 $ 30,240 $ 7,384 $ 70.2%34.0% 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 2,444 5,012 5,000 5,000 2,047 5,000 800 58.2%40.9% 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 3,046 17,938 15,792 15,792 8,891 15,792 (2,100) 17.0%56.3% SUNDRY 26,092 $ 26,092 $ 13,966 $ 31,426 $ 29,292 $ 29,292 $ 21,013 $ 30,867 $ 3,200 $ 53.5%71.7% TOTAL EXPENDITURES 48,948 $ 48,948 $ 30,008 $ 63,521 $ 59,532 $ 59,532 $ 31,309 $ 61,107 $ 10,584 $ 61.3%52.6% 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 MAR ACTUAL PROPOSED AMENDED YTD MAR 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 (1,734) 44,632 30,000 30,000 - 30,000 - -5.8%0.0% CAPITAL 30,000 $ 30,000 $ (1,734)$ 44,632 $ 30,000 $ 30,000 $ -$ 30,000 $ -$ -5.8%0.0% 30,000 $ 30,000 $ (1,734)$ 47,182 $ 30,000 $ 30,000 $ -$ 30,000 $ -$ -5.8%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 MAR ACTUAL PROPOSED AMENDED YTD MAR ESTIMATE CHANGE YTD %YTD % 5580-04-00 ENGINEERING SERVICES - - 33,983 124,177 - - 32,280 32,280 - #DIV/0!#DIV/0! SUNDRY -$ -$ 33,983 $ 124,177 $ -$ -$ 32,280 $ 32,280 $ -$ #DIV/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 - - 357,595 568,684 150,000 150,000 42,110 150,000 150,000 #DIV/0!28.1% 5847-04-00 CONSTRUCTION 395,548 395,548 - - - - - - (395,548) 0.0%0.0% CAPITAL 395,548 $ 395,548 $ 357,595$ 568,684 $ 150,000 $ 150,000 $ 42,110 $ 150,000 $ (245,548)$ 90.4%28.1% 395,548 $ 395,548 $ 391,578$ 692,861 $ 150,000 $ 150,000 $ 74,390 $ 182,280 $ (245,548)$ 99.0%49.6% 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 MAR ACTUAL PROPOSED AMENDED YTD MAR ESTIMATE CHANGE YTD %YTD % BEGINNING FUND BALANCE -$ 46,182 $ 46,182 $ 46,182 $ 38,357 $ 29,411 $ 29,411 $ 29,411 $ INVESTMENT EARNINGS - - 72 100 - - 13 15 - #DIV/0!#DIV/0! TRANSFERS - - - - - - - - - 0.0%0.0% TOTAL REVENUES -$ -$ 72 $ 100 $ -$ -$ 13 $ 15 $ -$ #DIV/0!#DIV/0! MAINTENANCE - - - - - - - - - 0.0%0.0% SUNDRY - - - 6,779 - - - - - 0.0%0.0% CAPITAL - - 1,166 10,091 25,000 25,000 - 25,000 25,000 #DIV/0!0.0% TOTAL EXPENDITURES -$ -$ 1,166 $ 16,871 $ 25,000 $ 25,000 $ -$ 25,000 $ 25,000 $ #DIV/0!0.0% REVENUES OVER EXPENDITURES -$ -$ (1,094)$ (16,770)$ (25,000)$ (25,000)$ 13 $ (24,985)$ ENDING FUND BALANCE -$ 46,182 $ 45,088 $ 29,411 $ 13,357 $ 4,411 $ 29,424 $ 4,426 $ ADJUSTMENTS FUND BALANCE AS % OF EXP N/A N/A 3867.5%174.3%53.4%17.6%N/A 17.7% RESERVE (NO REQUIREMENT)-$ -$ -$ -$ -$ -$ -$ -$ RESERVE SURPLUS/(SHORTFALL)-$ 46,182 $ 45,088 $ 29,411 $ 13,357 $ 4,411 $ 29,424 $ 4,426 $ 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 MAR ACTUAL PROPOSED AMENDED YTD MAR ESTIMATE CHANGE YTD %YTD % 4401-00-00 INVESTMENT INCOME - - 72 100 - - 13 15 - #DIV/0!#DIV/0! INVESTMENT EARNINGS -$ -$ 72 $ 100 $ -$ -$ 13 $ 15 $ -$ #DIV/0!#DIV/0! 4913-00-00 TRANSFER IN-CAPITAL BOND FUND - - - - - - - - - 0.0%0.0% TRANSFERS -$ -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% TOTAL REVENUES -$ -$ 72 $ 100 $ -$ -$ 13 $ 15 $ (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 MAR ACTUAL PROPOSED AMENDED YTD MAR 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 - - 1,166 10,091 25,000 25,000 - 25,000 25,000 #DIV/0!0.0% CAPITAL -$ -$ 1,166 $ 10,091 $ 25,000 $ 25,000 $ -$ 25,000 $ 25,000 $ #DIV/0!0.0% TOTAL EXPENDITURES -$ -$ 1,166 $ 16,871 $ 25,000 $ 25,000 $ -$ 25,000 $ 25,000 $ #DIV/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 MAR ACTUAL PROPOSED AMENDED YTD MAR 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 28 41 52 52 8 12 (148) 14.1%15.1% TRANSFERS - - - - - - - - - 0.0%0.0% TOTAL REVENUES 200 $ 200 $ 28 $ 41 $ 52 $ 52 $ 8 $ 12 $ (148)$ 14.1%15.1% TRANSFERS - - - - - - - - - 0.0%0.0% TOTAL EXPENDITURES -$ -$ -$ -$ -$ -$ -$ -$ -$ 0.0%0.0% REVENUES OVER EXPENDITURES 200 $ 200 $ 28 $ 41 $ 52 $ 52 $ 8 $ 12 $ ENDING FUND BALANCE 120,066 $ 120,062 $ 119,890 $ 119,903 $ 119,966 $ 119,955 $ 119,911 $ 119,915 $ 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 $ 7,284 $ 7,297 $ 7,360 $ 7,349 $ 7,305 $ 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 MAR ACTUAL PROPOSED AMENDED YTD MAR ESTIMATE CHANGE YTD %YTD % 4401-00-00 INVESTMENT INCOME 200 200 28 41 52 52 8 12 (148) 14.1%15.1% INVESTMENT EARNINGS 200 $ 200 $ 28 $ 41 $ 52 $ 52 $ 8 $ 12 $ (148)$ 14.1%15.1% 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 $ 28 $ 41 $ 52 $ 52 $ 8 $ 12 $ (148)$ 14.1%15.1% 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 FEB ACTUAL PROPOSED AMENDED YTD FEB 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: May 27, 2014 Agenda Item No: STAFF ANNOUNCEMENTS/REPORTS - A. I. Subject: Updates and information from the Executive Director. 1.Discuss the TownCenter marketing plan. 2.Link Street and Oak Crest development 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: May 27, 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 sites. 2.Discuss lease of Building 1 in Kennedale TownCenter 3.Discuss the sale of 1083 Bowman Springs Road. 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: May 27, 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 development incentives at 1208 W. Kennedale Parkway. 2.Discuss development incentives at 120 Industrial Drive. 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: Staff Report to the Board of Directors Date: May 27, 2014 Agenda Item No: RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION, IF NEEDED - A. I. Subject: Discuss the provision of economic development personnel and delivery efforts within the city. II. Originated by: Bob Hart III. Summary: The EDC will have a general discussion on this issue. IV. Recommendation: None V. Alternative Actions: VI. Attachments: