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2015_04.09 EDC Agenda Packet
B KENNEDALE Kennedale Economic Development Corporation www.cityofkennedale.com ECONOMIC DEVELOPMENT CORPORATION AGENDA BOARD OF DIRECTORS - REGULAR MEETING April 9, 2015 CITY HALL CONFERENCE ROOM, 405 MUNICIPAL DRIVE REGULAR SESSION - 12:00 PM I. CALL TO ORDER II. ROLL CALL III. MINUTES APPROVAL A. Consider approval of the minutes from the March 12, 2015 regular meeting IV. REGULAR ITEMS A. Review and accept the KEDC Financial Report for January 2015. B. Review and accept the KEDC Financial Report for February 2015. V. STAFF ANNOUNCEMENTS/REPORTS A. TIRZ Status B. Chamber 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. Town Center Development 2. Fence at 733 W. Kennedale Parkway 3. Facade Renovations at 201 E. Kennedale Parkway 4. Facade, Parking, and Sign Renovations at 1302 W. Kennedale Parkway 5. Industrial Prospects for Bloxom Park 6. 1298 W. Kennedale Parkway Business Incentives 7. Potential Hotel 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 the City Secretary at 817.985.2104 or (TDD) 1.800.735.2989 CERTIFICATION I certify that a copy of the April 9,2015, 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. Leslie Galloway, City cretary 405 Municipal Drive, Kennedale, TX 76060 1 Telephone: 817.985.2102 1 Fax: 817-478-7169 B KENNEDALE Kennedale Economic Development Corporation www.cityofkennedale.com Staff Report to the Board of Directors Date:April 9, 2015 Agenda Item No: MINUTES APPROVAL-A. I. Subject: Consider approval of the minutes from the March 12, 2015 regular meeting II. Originated by: Kathy Moore, Deputy City Secretary III.Summary: Minutes are prepared by the Deputy City Secretary and ready for approval. IV. Recommendation: Approve V. Alternative Actions: VI. Attachments: 1. JEconomic Development Corporation Meeting Minutes - March 12, 2015 3.12.15.pdf KENNEDALE Kennedafe Economic Development Corporation www.cityofi<ennedale.com ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS - REGULAR MEETING MINUTES March 12, 2015 I. CALL TO ORDER Robert Mundy called the meeting to order at 12:02 p.m. II. ROLL CALL Present: Robert Mundy, Mike Johnson, Pat Turner, Ron Whitley, Rebecca Mowell, and Adrienne Kay Absent: Adrienne Kay and Mark Yeary Staff Present: Bob Hart, Kathy Moore, Jack Thompson with Orasi Development/Chamber of Commerce, Greg Schropshire, from Pattillo, Brown & Hill, L.L.P., Steve Robertson, President - Harris Manufacturing Co., Inc., James Blake, Senior Investment Advisory - Sperry Van Ness, and Gina McLean, Design Coordinator- Nationwide Construction III. MINUTES APPROVAL A. Consider approval of the minutes from the February 12, 2015 regular meeting Motion: To approve the minutes with a word change. Action: Approve, Moved By: Ron Whitley, Seconded By: Mike Johnson. Motion Passed Unanimously IV. REGULAR ITEMS A. Review and accept the KEDC Financial Report for January 2015 Sakura Moten-Dedrick provided handouts of the January 2015 Financial Report to the Kennedale Economic Development Corporation and gave an overview of the report; she noted that there was minimal change from the December report. Director Dedrick added that the FY 2013-2014 ending fund balance of$226,739 for operations was moved forward into the January report. Motion: To table approval of the January 2015 KEDC Financial Report until the April meeting. Action: Tabled, Moved By: Robert Mundy, Seconded By: Rebecca Mowell. Motion to Table Action Passed Unanimously B. Discuss and consider action for approval of the Economic Development Corporation Independent Auditor's Report for year ended September 30, 2014 Finance Director Dedrick provided a short overview of the audit process and introduced Greg Schropshire, from Pattillo, Brown & Hill, L.L.P. who provided a summary of the Independent Auditor's Report. Motion: To approve the FY 2013-2014 KEDC Independent Auditor's Report as presented. Action: Approve, Moved By: Rebecca Mowell, Seconded By: Pat Turner. Motion Passed Unanimously V. STAFF ANNOUNCEMENTS/REPORTS A. Link Street, Burger King, Popeye's Ribbon Cutting Bob Hart stated that we still needed to get with Commissioner Andy Nguyen's office to set up a ribbon cutting ceremony. B. TIP Sidewalk Project Bob Hart informed the Board that the Kennedale Parkway Sidewalk project has encountered construction conflicts with the irrigation system installed under the TxDOT Green Ribbon Project; he added that he intends to send a letter to NCTGOG to request additional funds. C. Village Creek Studies Hart stated that the City has signed all contracts for the Village Creek Flood Control Study; he added that a meeting will be scheduled with the Corps of Engineers in April. D. Chamber Update Jack Thompson provided updates on Chamber activities, highlighting their high attendance at the resent Lunch and Learn. Thompson reminded Board members of other upcoming events, including the Chamber Networking Luncheon, Business After Hours, San Jacinto Day/Texas Independence Parade, and a Clay Shoot Tournament scheduled June 13. President Mundy recessed the meeting into executive session at 12:29 p.m. 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. Town Center Development 2. 733 Kennedale Parkway Business Incentives 3. 5414 High Ridge Road 4. Industrial Prospect for Bloxom Park 5. 1298 Kennedale Parkway Business Incentives VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION, IF NEEDED President Mundy reopened the regular session at 1:49 p.m. No Action required pursuant to executive session. Mundy stated that the next regular scheduled meeting would be held April 9, 2015, at 12:00 p.m.; however, he noted that a special meeting may be necessary before then. VIII. ADJOURNMENT Motion Adjourn. Action Adjourn, Moved By Ron Whitley, Seconded By Pat Turner. Motion passed Unanimously The meeting was adjourned at 1:52 PM APPROVED: ATTEST: President Robert Mundy Deputy City Secretary Kathy E. Moore B KENNEDALE Kennedale Economic Development Corporation www.cityofkennedale.com Staff Report to the Board of Directors Date:April 9, 2015 Agenda Item No: REGULAR ITEMS-A. I. Subject: Review and accept the KEDC Financial Report for January 2015. II. Originated by: Sakura Moten-Dedrick, Director of Finance& IT III.Summary: This was summarized at the March 2015 meeting by staff. However, since it was not provided prior to for review, it was tabled and directed to be placed on the April agenda for approval. IV. Recommendation: Approve V. Alternative Actions: VI. Attachments: 1. an 2015 EDC Financials 120150312 EDC Jan 15 Financials.pdf JAN 2015 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 comparison over this time last year (see Monthly Graph, 3- Year Historical Graph, 10-Year Historical Graph). Please note, sales tax receipts run two months in arrears. • Investment Earnings: Increase 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 last year. • Surplus Sales/Rentals: Decrease in comparison over this time last year. Approximately $8400 a month lost due to Surplus Warehouse closure beginning Feb 2014. • Transfers: No significant change over this time last year. • Personnel: No significant change over this time last year. • Supplies: No significant change over this time last year. • Maintenance: Increase in comparison over this time last year. Due in part to landscaping materials. • Sundry: Increase in comparison over this time last year. Additional $2,000 per month Chamber Management Fee (on top of $3,500 Orasi consulting service fee, $550 website maintenance/hosting fee). • Debt: Increase in comparison over this time last year. Based on amortization schedules. • Transfers: Decrease in comparison over this time last year. • Capital: Increase in comparison over this time last year. Payment of taxes on prior land purchases. Estimate For FY13/14, the final audited ending fund balance is $376,090 which is comprised of $226,739 operations /$29,429 capital bond project/ $119,922 reserve bond. For FY14/15, the combined anticipated ending fund balance is $493,842 which is comprised of $369,455 operations /$4,449 capital bond project/ $119,938 reserve bond. CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES INCOME STATEMENT 15:EDC4B FUND FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY INCOME STATEMENT BUDGET AMENDED YTD JAN ACTUAL PROPOSED AMENDED YTD JAN ESTIMATE CHANGE OPERATING REVENUES 1,103,880 1,103,880 86,430 1,536,006 901,665 901,665 139,573 901,047 (202,215) OPERATING EXPENDITURES (612,657) (612,657) (93,212) (599,078) (595,193) (595,193) (118,993) (604,848) 17,464 OPERATING INCOME/(LOSS) 491,223 491,223 (6,782) 936,927 306,472 306,472 20,580 296,199 (184,751) NONOPERATING REVENUES/(EXPENSES) INTEREST EARNINGS 645 645 3 12 4 4 13 35 (641) TRANSFERS IN - - - - - - - - - (TRANSFER OUT) (155,118) (155,118) (37,559) (155,119) (153,519) (153,519) (36,759) (153,519) 1,599 NET OPERATING INCOME/(LOSS) 336,750 336,750 (44,339) 781,820 152,958 152,958 (16,166) 142,716 (183,792) BEGINNING FUND BALANCE $ (306,400) $ (555,081) $ (555,081) $ (555,081) $ 223,526 $ 226,739 $ 226,739 $ 226,739 778,607 ENDING FUND BALANCE(EXCLUDING OTHER FUNDS) $ 30,350 $ (218,331) $ (599,420) $ 226,739 $ 376,484 $ 379,697 $ 210,573 $ 369,455 594,815 95:EDC4B RESERVE FUND $ 119,966 $ 119,955 $ 119,906 $ 119,922 $ 119,935 $ 119,938 $ 119,929 $ 119,938 (20) 19:EDC4B CAPITAL BOND FUND $ 13,357 $ 4,411 $ 29,422 $ 29,429 $ 4,451 $ 4,449 $ 29,431 $ 4,449 40 ENDING FUND BALANCE(INCLUDING OTHER FUNDS) $ 163,673 $ (93,965) $ (450,092) $ 376,090 $ 500,870 $ 504,084 $ 359,933 $ 493,842 $ 594,834 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY 15:EDC4BFUND FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 CATEGORY BUDGET AMENDED YTD JAN ACTUAL PROPOSED AMENDED YTD JAN ESTIMATE CHANGE YTD V. YTD V. BEGINNING FUND BALANCE $ (306,400) $ (555,081) $ (555,081) $ (555,081) $ 223,526 $ 226,739 $ 226,739 $ 226,739 $ 323,848 AD VALOREM TAXES 23,132 23,132 5,478 52,329 48,062 48,062 35,322 48,062 24,930 23.7% 73.5% SALES/BEVERAGE TAXES 305,808 305,808 31,943 325,630 334,791 334,791 52,506 334,173 28,983 10.4% 15.7% INVESTMENT EARNINGS 645 645 3 12 4 4 13 35 (641) 0.4% 319.0% MISCELLANEOUS INCOME 600,000 600,000 15,960 1,008,096 384,120 384,120 22,750 384,120 (215,880) 2.7% 5.9% SURPLUS SALES/RENTALS 174,940 174,940 33,049 149,950 134,692 134,692 28,996 134,692 (40,248) 18.9% 21.5% TRANSFERS $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0% TOTAL REVENUES $1,104,525 $1,104,525 $ 86,433 $1,536,017 $ 901,669 $ 901,669 $ 139,586 $ 901,082 $ (202,856) 7.8% 15.5% PERSONNEL - - - - - - - - 0.0% 0.0% SUPPLIES 3,100 3,100 - - 3,100 3,100 - 3,100 0.0% 0.0% MAINTENANCE 30,240 30,240 3,773 26,036 23,592 23,592 8,899 23,592 (6,648) 12.5% 37.7% SUNDRY 213,130 317,742 34,127 345,865 201,629 201,629 48,196 204,744 (116,113) 10.7% 23.9% DEBT 186,187 178,475 52,421 167,937 186,872 186,872 55,358 186,872 8,397 29.4% 29.6% TRANSFERS 155,118 155,118 37,559 155,119 153,519 153,519 36,759 153,519 (1,599) 24.2% 23.9% CAPITAL 180,000 83,100 2,891 59,239 180,000 180,000 6,540 186,540 96,900 3.5% 3.6% TOTAL EXPENDITURES $ 767,775 $ 767,775 $ 130,771 $ 754,197 $ 748,712 $ 748,712 $ 155,752 $ 758,367 $ (19,063) 17.0% 20.8% REVENUES OVER EXPENDITURES $ 336,750 $ 336,750 $ (44,339) $ 781,820 $ 152,958 $ 152,958 $ (16,166) $ 142,716 ENDING FUND BALANCE $ 30,350 $ (218,331) $ (599,420) $ 226,739 $ 376,484 $ 379,697 $ 210,573 $ 369,455 ADJUSTMENTS FUND BALANCE AS V.OF EXP 4.07. -28.4% -458,457 30.1% 50.3% 50.77. 135.2% 48.7% RESERVE(NO REQUIREMENT) $ - $ - $ - $ - $ - $ - $ - $ - RESERVE SURPLUS/(SHORTFALL) $ 30,350 $ (218,331) $ (599,420) $ 226,739 $ 376,484 $ 379,697 $ 210,573 $ 369,455 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES REVENUE LINE ITEM SUMMARY 15:EDC4B FUND FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JAN ACTUAL PROPOSED AMENDED YTD JAN ESTIMATE CHANGE YTD 9 YTD 9 4001-00-00 PROPERTY TAX-CURRENT YEAR - - - - - - - - - 0.0% 0.0% 4002-00-00 MMD TAX-CURRENT YEAR 23,132 23,132 5,478 52,329 48,062 48,062 35,322 48,062 24,930 23.7% 73.57. AD VALOREM TAXES $ 23,132 $ 23,132 $ 5,478 $ 52,329 $ 48,062 $ 48,062 $ 35,322 $ 48,062 $ 24,930 23.751 73.5% 4081-00-00 SALES TAX 305,808 305,808 31,943 325,630 334,791 334,791 52,506 334,173 28,983 10.4% 15.77. 4082-00-00 MIXED BEVERAGE TAX 0.0% 0.07. SALES/BEVERAGE TAXES $ 305,808 $ 305,808 $ 31,943 $ 325,630 $ 334,791 $ 334,791 $ 52,506 $ 334,173 $ 28,983 10.4% 15.77. 4401-00-00 INVESTMENT INCOME 645 645 3 12 4 4 13 35 (641) 0.4% 319.0% INVESTMENT EARNINGS $ 645 $ 645 $ 3 $ 12 $ 4 $ 4 $ 13 $ 35 $ (641) 0.47. 319.07. 4409-00-00 MISCELLANEOUS INCOME 600,000 600,000 4,018 989,468 384,120 384,120 22,750 384,120 (215,880 0.7% 5.9% 4411-00-00 TEXAS LEVERAGE FUND PROGRAM - - - - - - - - - 0.0% 0.0% 4415-00-00 INSURANCE REIMBURSEMENTS - - 11,943 18,628 - - - - - #DIV/0! 0.0% MISCELLANEOUS INCOME $ 600,000 $ 600,000 $ 15,960 $1,008,096 $ 384,120 $ 384,120 $ 22,750 $ 384,120 $ (215,880) 2.7% 5.9% 4805-00-00 RENTAL FEES-SHOPPING CENTER 166,440 166,440 33,000 145,091 126,192 126,192 28,922 126,192 (40,248) 19.8% 22.9% 4806-00-00 RENTAL INSURANCE 8,500 8,500 49 4,859 8,500 8,500 73 8,500 0.6% 0.9% SURPLUS SALES/RENTALS $ 174,940 $ 174,940 $ 33,049 $ 149,950 $ 134,692 $ 134,692 $ 28,996 $ 134,692 $ (40,248) 18.97. 21.5% 4902-00-00 PROCEEDS-DEBT/LOAN/LEASE - - - - - - - - - 0.0% 0.0% TRANSFERS $ - $ - $ . $ . $ . $ . $ . $ . $ - 0.0% 0.0% TOTAL REVENUES $1,104,525 $1,104,525 $ 86,433 $1,536,017 $ 901,669 $ 901,669 $139,586 $ 901,082 $ (202,856) 7.8% 15.5% TOTAL REVENUES(EXCLUDING INTEREST/TRANSFERS) $1,103,880 $1,103,880 $ 74,487 $1,517,378 $ 901,665 $ 901,665 $139,573 $ 901,047 $ (202,215) 107.ADMIN CHARGE-GENERAL FUND 110,388 110,388 7,449 151,738 90,167 90,167 13,957 90,105 (20,221) "EXEMPLIFYING EXCELLENCE" Economic Development Corporation Sales Tax Revenue Three Year History $35,000 $30,000 $25,000 - 1\\ A $20,000 - Vy j $15,000 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP 2012-13 ACTUAL 12013-14 ACTUAL fit-2014-15 ACTUAL Economic Development Corporation Sales Tax Revenue Monthly History $35,000 $30,000 A A $25,000 \ / A $20,000 $15,000 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP 12013-14 ACTUAL 1U-2014-15 ACTUAL Sales Tax Collections ECONOMIC DEVELOPMENT CORPORATION 4B SALES TAX-$0.005 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2014-15 2014-15 GAIN/ GAIN/ YTD 2014-15 ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET ACTUAL YTD LOSS LOSS CUM ESTIMATE OCT 30,493 26,719 21,880 22,001 19,568 24,368 31,540 33,617 21,990 23,138 23,985 23,985 847 9.1% 9.1% 23,985 NOV 33,284 41,109 30,548 33,732 27,081 39,515 37,196 31,297 29,867 30,908 31,479 55,464 571 5.4% 7.0% 31,479 DEC 24,372 23,107 23,438 30,093 18,417 24,331 38,349 23,446 31,661 32,702 27,515 82,979 (5,187) -13.1% -0.6% 27,515 JAN 23,443 26,331 22,677 19,433 18,102 28,700 29,926 20,135 22,458 23,499 24,594 107,573 1,095 9.5% 1.5% 24,594 FEB 35,625 29,751 29,839 33,556 24,379 38,020 30,992 30,003 32,594 33,635 35,857 143,430 2,222 10.0% 3.5% 35,857 MAR 24,975 16,997 21,830 17,063 18,010 25,672 24,484 20,791 23,228 24,270 24,104 167,534 (166) 3.8% 3.5% 24,104 APR 24,036 25,672 24,231 22,636 18,030 27,583 37,230 20,318 26,412 27,454 27,454 194,988 - 3.9% 3.6% 27,454 MAY 35,851 32,194 31,278 30,806 55,683 37,335 41,230 32,020 31,319 32,361 32,361 227,349 - 3.3% 3.6% 32,361 JUN 27,616 26,993 24,985 21,608 29,762 24,899 24,369 21,136 25,832 26,873 26,873 254,222 - 4.0% 3.6% 26,873 JUL 24,299 27,477 30,517 17,906 141,681 25,572 40,830 22,435 23,976 25,017 25,017 279,239 - 4.3% 3.7% 25,017 AUG 35,983 28,340 38,499 33,664 34,381 28,137 26,679 27,973 28,866 29,907 29,907 309,146 - 3.6% 3.7% 29,907 SEP 27,368 30,430 23,534 24,245 27,457 36,010 27,612 26,025 23,985 25,027 25,027 334,173 - 4.3% 3.7% 25,027 347,346 335,121 323,256 306,744 432,550 360,141 390,438 309,197 322,187 334,791 334,173 (618) 334,173 7.58% -3.52% -3.54% -5.11%1 41.01% -16.74%1 8.41% -20.81%1 4.20%1 3.91% 3.72% 3.72% CYPRESS HISMRY FOR KENN®ALETOWN 9HOPPINGCENTER FY2014-2015 ACCOUNT OCT NOV DEC AN FEB MAR APR MAY .UN JJL AUG SEP TOTAL INCOME Rental Income $ 7,303.67 $ 7,303.67 $ 7,303.67 $ 7,303.67 $ 7,303.67 $ - $ - $ - $ - $ - $ - $ - $ 36,518.35 Tax Escrows $ 393.26 $ 393.26 $ 393.26 $ 34,53526 $ 393.26 $ - $ - $ - $ - $ - $ - $ - $ 36,108.30 Insurance Escrows $ 24.37 $ 24.37 $ 24.37 $ 24.37 $ 24.37 $ - $ - $ - $ - $ - $ - $ - $ 121.85 CAM Escrows $ 2,337.16 $ 2,337.16 $ 2,337.16 $ 2,337.16 $ 2,337.16 $ - $ - $ - $ - $ - $ - $ - $ 11,685.80 Late Fees $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Bank Fees $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Security Deposit $ $ $ $ $ $ $ $ $ $ $ $ $ TOTALINCOME $ 10,058.46 $ 10,058.46 $ 10,058.46 $ 44,200.46 $ 10,058.46 $ - $ - $ - $ - $ - $ - $ - $ 84,434.30 EXPEN5B General&Admi n $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Property Mgnt $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ - $ - $ - $ - $ - $ - $ - $ 2,500.00 Office Expenses $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Legal S:rvices $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Pental Commissions $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Electricity $ 322.53 $ 354.87 $ 327.72 $ 679.19 $ 357.14 $ - $ - $ - $ - $ - $ - $ - $ 2,041.45 9veeping $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Porter service $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Landscape $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - FireSprinkler/Alarm $ 150.00 $ - $ - $ 150.00 $ - $ - $ - $ - $ - $ - $ - $ - $ 300.00 Asphalt $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Water $ 823.29 $ 495.89 $ 306.02 $ 45.48 $ 65.48 $ - $ - $ - $ - $ - $ - $ - $ 1,736.16 Landscape Materials $ 1,165.35 $ 1,165.35 $ 1,165.35 $ 1,194.48 $ 1,194.48 $ - $ - $ - $ - $ - $ - $ - $ 5,885.01 Maintenance/Qmstruction $ 3,342.50 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 3,342.50 Roofing Pepair $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - 9gnage $ $ $ $ $ $ $ $ $ $ $ $ $ TOTALEXPENSB $ 6,303.67 $ 2,516.11 $ 2,299.09 $ 2,569.15 $ 2,117.10 $ - $ - $ - $ - $ - $ - $ - $ 15,805.12 ADJUSTMENTS Operating Balance $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - TOTALADJL1SfMENTS $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - NEf PRORT/(LASS-CHECK $ 3,754.79 $ 7,542.35 $ 7,759.37 $ 41,631.31 $ 7,941.36 $ - $ - $ - $ - $ - $ - $ - $ 68,629.18 Total Rental Income Posted $ 9,640.83 $ 9,640.83 $ 9,640.83 $ 9,640.83 $ 9,640.83 $ - $ - $ - $ - $ - $ - $ - $ 48,204.15 CYPRESS HISTORY FOR FEIN®ALE TOWN SiOPR NG CENTER FY2013-2014 AO7DUNT OCr NOV DEC AN FEB MAR APR MAY JJN JJL AUG Sp TOTAL I NCDM E F2ntal Income $ 15,637.00 $ 15,637.00 $ 15,637.00 $ 15,637.00 $ 7,237.00 $ 7,237.00 $ 7,237.00 $ 7,303.67 $ 7,237.00 $ 7,303.67 $ 7,303.67 $ 7,303.67 $ 120,710.68 Tax Escrows $ 2,738.95 $ 2,738.95 $ 2,738.95 $ 2,738.95 $ 393.26 $ 4,478.86 $ 9,495.26 $ 393.26 $ 393.26 $ 393.26 $ 393.26 $ 393.26 $ 27,289.48 Insurance Escrows $ 24.37 $ 24.37 $ 24.37 $ 24.37 $ 24.37 $ 4,591.42 $ 1,471.37 $ 24.37 $ 24.37 $ 24.37 $ 24.37 $ 24.37 $ 6,306.49 CAM Escrows $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ 2,337.16 $ 737.16 $ 2,337.16 $ 2,337.16 $ 2,337.16 $ 15,245.92 Late Fees $ 251.80 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 251.80 Bank Fees $ - $ - $ 8.00 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 8.00 1curityDepost $ $ $ $ $ $ $ $ $ $ $ $ $ IOTALINCDME $ 19,389.28 $ 19,137.48 $ 19,145.48 $ 19,137.48 $ 8,391.79 $ 17,044.44 $ 18,940.79 $ 10,058.46 $ 8,391.79 $ 10,058.46 $ 10,058.46 $ 10,058.46 $ 169,81237 EXPENSES General&Admin $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Property Mgmt $ 500.00 $ 500.00 $ 504.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 6,004.00 Office Expenses $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - LegalIbrvices $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Fbmal commissions $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Bectricity $ 384.24 $ 278.51 $ 416.56 $ 285.95 $ 366.96 $ 314.90 $ 325.22 $ 352.80 $ 700.15 $ 352.80 $ - $ 684.74 $ 4,462.83 9veeping $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - PorterserAoe $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Landscape $ 1,165.35 $ 1,165.35 $ 1,165.35 $ 1,165.35 $ 1,165.35 $ 1,165.35 $ 1,165.35 $ 1,165.35 $ 1,165.35 $ - $ - $ - $ 10,488.15 Rre$)rinkler/Alarm $ 150.00 $ - $ - $ - $ - $ - $ 150.00 $ 150.00 $ - $ 150.00 $ - $ - $ 600.00 Asphalt $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Water $ 609.05 $ 408.73 $ 452.62 $ 359.51 $ - $ 27.80 $ - $ 660.40 $ 304.36 $ 660.40 $ 671.89 $ 869.97 $ 5,024.73 Landscape Materials $ - $ - $ - $ - $ - $ - $ - $ - $ 1,165.35 $ 1,165.35 $ 275.00 $ 2,605.70 MaintenanceJCbnstruction $ 275.00 $ - $ 275.00 $ 150.00 $ 320.53 $ 275.00 $ 1,003.49 $ 950.00 $ 275.00 $ 950.00 $ 4,010.50 $ - $ 8,484.52 Fbofing Pepair $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - 9gnage $ $ $ $ $ $ $ $ $ $ $ $ $ IOTALEXPENSES $ 3,083.64 $ 2,352.59 $ 2,813.53 $ 2,460.81 $ 2,352.84 $ 2,283.05 $ 3,144.06 $ 3,778.55 $ 2,944.86 $ 3,778.55 $ 6,347.74 $ 2,329.71 $ 37,669.93 ADJJSIM BJTS Operating Balance $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - -rOTALADJJSIM BJIS $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - NETPIADRT(LOES)-CHECK $ 16,305.64 $ 16,784.89 $ 16,331.95 $ 16,676.67 $ 6,038.95 $ 14,761.39 $ 15,796.73 $ 6,279.91 $ 5,446.93 $ 6,279.91 $ 3,710.72 $ 7,728.75 $ 132,142.44 Total Fental Income Posted $ 16,374.16 $ 16,374.16 $ 16,374.16 $ 16,374.16 $ 7,974.16 $ 7,974.16 $ 7,974.16 $ 9,640.83 $ 7,974.16 $ 9,640.83 $ 9,640.83 $ 9,640.83 $ 135,956.60 CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15:EDC4B FUND 01:ADMINISTRATION FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JAN ACTUAL PROPOSED AMENDED YTD JAN 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 $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.07. 0.09. 5220-01-00 UNIFORMS - - - - - - - - - 0.0% 0.0% 5240-01-00 PRINTED SUPPLIES 3,000 3,000 - - 3,000 3,000 - 3,000 - 0.0% 0.0% 5260-01-00 GENERAL OFFICE SUPPLIES 50 50 - - 50 50 - 50 - 0.0% 0.0% 5261-01-00 POSTAGE 50 50 - - 50 50 - 50 - 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 $ 3,100 $ 3,100 $ - $ - $ 3,100 $ 3,100 $ - $ 3,100 $ - 0.09. 0.09. 5403-01-00 BUILDING MAINTENANCE - - - - - - 285 - - 0.0% #DIV/0! 5440-01-00 OFFICE EQUIP/SOFTWARE MAINT - - - - - - - - - 0.0% 0.0% MAINTENANCE $ - $ - $ - $ - $ - $ - $ 285 $ - $ - 0.09. #DIV/01 5501-01-00 ADVERTISING - - - 3,616 1,200 1,200 - 1,200 1,200 0.0% 0.0% 5510-01-00 ASSOC DUES/PUBLICATIONS 3,150 3,150 - 3,614 4,020 4,020 905 4,020 870 0.0% 22.5% 5512-01-00 CONTRACTUAL SERVICES - - - - - - - - - 0.0% 0.0% 5525-01-00 TRAINING/SEMINARS 1,000 1,000 - - 250 250 - 250 (750) 0.0% 0.0% 5565-01-00 LEGAL SERVICES 5,000 5,000 - 250 1,000 1,000 - 1,000 (4,000) 0.0% 0.0% 5567-01-00 AUDIT SERVICES 2,000 2,000 2,000 2,000 2,000 2,000 - 2,000 - 100.0% 0.0% 5569-01-00 ITSUPPORT - - - - - - - - - 0.0% 0.0% 5570-01-00 SPECIAL SERVICES 51,600 51,600 12,150 56,485 72,600 72,600 24,200 72,600 21,000 23.5% 33.3% 5575-01-00 EQUIPMENT RENTAL - - - - - - - - - 0.0% 0.0% 5578-01-00 TRAVEL 700 700 - - 100 100 - 100 (600) 0.0% 0.0% 5580-01-00 ENGINEERING SERVICES 10,000 10,000 - 12,855 1,000 1,000 4,115 4,115 (9,000) 0.0% 411.5% 5585-01-00 TELEPHONE SERVICES - - - - - - - - - 0.0% 0.0% 5595-01-00 ADMIN CHARGE-GENERAL FUND 110,388 215,000 - 213,607 90,167 90,167 6,859 90,167 (124,833) 0.0% 7.6% SUNDRY $ 183,838 $ 288,450 $ 14,150 $ 292,428 $ 172,337 $ 172,337 $ 36,079 $ 175,452 $ (116,113) 4.9% 20.9% 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% 0.07. 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 $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.07. 0.0% 5800-01-00 LAND - 48,100 2,891 47,182 - - 6,540 6,540 (48,100) 6.0% #DIV/0! 5813-01-00 KENNEDALE ENTRANCE SIGN - - - - - - - - - 0.0% 0.0% 5820-01-00 BUILDING IMPROVEMENT - - - - - - - - - 0.0% 0.0% 5875-01-00 CONSTRUCTION - - - - - - - - - 0.0% 0.0% CAPITAL $ - $ 48,100 $ 2,891 $ 47,182 $ - $ - $ 6,540 $ 6,540 $ (48,100) 6.09. #DIV/01 TOTAL EXPENDITURES $ 186,938 $ 339,650 $ 17,041 $ 339,610 $ 175,437 $ 175,437 $ 42,905 $ 185,092 $ (164,213) 48.7% 5.07. "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15:EDC413 FUND 01:ADMINISTRATION 03:DEBT SERVICE FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JAN ACTUAL PROPOSED AMENDED YTD JAN ESTIMATE CHANGE YTD V. YTD V. 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 68,806 68,806 34,364 68,766 65,678 65,678 32,787 65,678 (3,129) 49.9% 49.9% 5644-01-03 2007$1.2M TAX BOND-PRINCIPAL 45,000 45,000 - 45,000 50,000 50,000 - 50,000 5,000 0.0% 0.0% 5645-01-03 2011$1.7M TX LEVERAGE-INT 18,210 18,210 6,208 18,218 17,024 17,024 7,240 17,024 (1,186) 34.1% 42.5% 5646-01-03 2011$1.7M TX LEVERAGE-PRI 54,171 46,459 11,849 35,953 54,171 54,171 15,332 54,171 7,712 25.5% 28.3% DEBT $ 186,187 $ 178,475 $ 52,421 $ 167,937 $ 186,872 $ 186,872 $ 55,358 $ 186,872 $ 8,397 29.4% 29.67. 0.0% 0.0% 5702-01-03 TRANSFER OUT-DEBT SERVICE FUND 155,118 155,118 37,559 155,119 153,519 153,519 36,759 153,519 (1,599) 24.2% 23.9% TRANSFER $ 155,118 $ 155,118 $ 37,559 $ 155,119 $ 153,519 $ 153,519 $ 36,759 $ 153,519 $ (1,599) 24.2% 23.97. TOTAL EXPENDITURES $ 341,305 $ 333,593 $ 89,980 $ 323,056 $ 340,391 $ 340,391 $ 92,117 $ 340,391 $ 6,798 27.0% 27.1% "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15:EDC4B FUND 02:TOWN SHOPPING CENTER FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JAN ACTUAL PROPOSED AMENDED YTD JAN ESTIMATE CHANGE YTD% YTD 7. 5280-02-00 MINOR EQUIP/SMALL TOOLS<$5K - - - - - - - - - 0.0% 0.0% SUPPLIES $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.07. 5403-02-00 BUILDING MAINTENANCE 30,240 30,240 3,773 26,036 23,592 23,592 8,614 23,592 (6,648) 12.5% 36.5% MAINTENANCE $ 30,240 $ 30,240 $ 3,773 $ 26,036 $ 23,592 $ 23,592 $ 8,614 $ 23,592 $ (6,648) 12.5% 36.5% 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 5,000 5,000 663 4,439 5,000 5,000 1,005 5,000 - 13.3% 20.1% 5545-02-00 INSURANCE-PROPERTY 8,500 8,500 10,075 10,075 8,500 8,500 6,347 8,500 - 118.5% 74.7% 5565-02-00 LEGAL SERVICES - - - - - - - - - 0.0% 0.0% 5570-02-00 SPECIAL SERVICES 15,792 15,792 3,623 16,371 15,792 15,792 4,764 15,792 - 22.9% 30.2% SUNDRY $ 29,292 $ 29,292 $ 14,361 $ 30,885 $ 29,292 $ 29,292 $ 12,117 $ 29,292 $ - 49.0% 41.4% TOTAL EXPENDITURES $ 59,532 $ 59,532 $ 18,134 $ 56,922 $ 52,884 $ 52,884 $ 20,730 $ 52,884 $ (6,648) 30.5% 39.2% "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15:EDC413 FUND 03:TOWN CENTER REDEVELOPMENT FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JAN ACTUAL PROPOSED AMENDED YTD JAN 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 - - - - - - - - - 0.0% 0.0% SUNDRY $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.07. 5800-03-00 LAND - - - - - - - - - 0.0% 0.0% 5847-03-00 CONSTRUCTION 30,000 - - - 30,000 30,000 - 30,000 30,000 0.0% 0.0% CAPITAL $ 30,000 $ - $ - $ - $ 30,000 $ 30,000 $ - $ 30,000 $ 30,000 0.0% 0.07. $ 30,000 $ - $ - $ - $ 30,000 $ 30,000 $ - $ 30,000 $ 30,000 0.0% 0.07. "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15:EDC413 FUND 04:TEXAS LEVERAGE PROGRAM FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JAN ACTUAL PROPOSED AMENDED YTD JAN ESTIMATE CHANGE YTD% YTD 5580-04-00 ENGINEERING SERVICES - - 5,616 22,552 - - - - - #DIV/0! 401.6% SUNDRY $ - $ - $ 5,616 $ 22,552 $ - $ - $ - $ - $ - 0.0% 0.0% 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 150,000 35,000 - 12,057 150,000 150,000 - 150,000 115,000 #DIV/0! 142.87. 5847-04-00 CONSTRUCTION - - - - - - - - - 0.07. 0.07. CAPITAL $ 150,000 $ 35,000 $ - $ 12,057 $ 150,000 $ 150,000 $ - $ 150,000 $ 115,000 100.7% 142.8% $ 150,000 $ 35,000 $ 5,616 $ 34,609 $ 150,000 $ 150,000 $ - $ 150,000 $ 115,000 111.9% 156.6% "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY 19:EDC4B CAPITAL BOND FUND FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 CATEGORY BUDGET AMENDED YTD JAN ACTUAL PROPOSED AMENDED YTD JAN ESTIMATE CHANGE YTD% YTD% BEGINNING FUND BALANCE $ 38,357 $ 29,411 $ 29,411 $ 29,411 $ 29,431 $ 29,429 $ 29,429 $ 29,429 INVESTMENT EARNINGS - - 10 18 20 20 2 20 20 #DIV/01 11.6% TRANSFERS - - - - - - - 0.0% 0.0% TOTAL REVENUES $ $ $ 10 $ 18 $ 20 $ 20 $ 2 $ 20 $ 20 #DIV/01 11.67. MAINTENANCE - - - - - - - 0.0% 0.0% SUNDRY - - - - - 0.0% 0.0% CAPITAL 25,000 25,000 25,000 25,000 25,000 0.0% 0.0% TOTAL EXPENDITURES $ 25,000 $ 25,000 $ $ $ 25,000 $ 25,000 $ $ 25,000 $ 0.07. 0.07. REVENUES OVER EXPENDITURES $ (25,000) $ (25,000) $ 10 $ 18 $ (24,980) $ (24,980) $ 2 $ (24,980) ENDING FUND BALANCE $ 13,357 $ 4,411 $ 29,422 $ 29,429 $ 4,451 $ 4,449 $ 29,431 $ 4,449 ADJUSTMENTS FUND BALANCE AS% EXP 53.4% 17.6% N/A N/A 17.857 17.8% N/A 17.8% RESERVE(NO REQUIREMENT) $ $ $ $ $ $ $ $ RESERVE SURPLUS/(SHORTFALL) $ 13,357 $ 4,411 $ 29,422 $ 29,429 $ 4,451 $ 4,449 $ 29,431 $ 4,449 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES REVENUE/EXPENDITURE LINE ITEM SUMMARY 19:EDC413 CAPITAL BOND FUND FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JAN ACTUAL PROPOSED AMENDED YTD JAN ESTIMATE CHANGE YTD% YTD 4401-00-00 INVESTMENT INCOME - - 10 18 20 20 2 20 20 #DIV/0! 11.6% INVESTMENT EARNINGS $ - $ - $ 10 $ 18 $ 20 $ 20 $ 2 $ 20 $ 20 #DIV/01 11.6% 4913-00-00 TRANSFER IN-CAPITAL BOND FUND - - - - - - - - - 0.0% 0.0% TRANSFERS $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.07. 0.0% TOTAL REVENUES $ - $ - $ 10 $ 18 $ 20 $ 20 $ 2 $ 20 $ (250) #DIV/01 11.6% 19:EDC413 CAPITAL BOND FUND 01:TOWN CENTER REDEVELOPMENT FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JAN ACTUAL PROPOSED AMENDED YTD JAN ESTIMATE CHANGE YTD% YTD 7. 5403-01-00 BUILDING MAINTENANCE - - - - - - - - - 0.0% 0.0% MAINTENANCE $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.07. 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 - - - - - - - - - 0.0% 0.0% SUNDRY $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.07. 5800-01-00 LAND - - - - - - - - - 0.0% 0.0% 5847-01-00 CONSTRUCTION 25,000 25,000 - - 25,000 25,000 - 25,000 - 0.0% 0.0% CAPITAL $ 25,000 $ 25,000 $ - $ - $ 25,000 $ 25,000 $ - $ 25,000 $ - 0.0% 0.07. TOTAL EXPENDITURES $ 25,000 $ 25,000 $ - $ - $ 25,000 $ 25,000 $ - $ 25,000 $ - 0.07. 0.0% "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY 95:EDC4B RESERVE FUND FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 CATEGORY BUDGET AMENDED YTD JAN ACTUAL PROPOSED AMENDED YTD JAN ESTIMATE CHANGE YTD% YTD V. BEGINNING FUND BALANCE $ 119,914 $ 119,903 $119,903 $ 119,903 $ 119,919 $ 119,922 $119,922 $ 119,922 INVESTMENT EARNINGS 52 52 3 19 16 16 7 16 (36) 5.6% 41.9% TRANSFERS - - - - - - - - - 0.0% 0.0% TOTALREVENUES $ 52 $ 52 $ 3 $ 19 $ 16 $ 16 $ 7 $ 16 $ (36) 5.6% 41.9% TRANSFERS - - - - - - - - - 0.0% 0.0% TOTAL EXPENDITURES $ $ $ $ $ $ $ $ $ 0.0% 0.0% REVENUES OVER EXPENDITURES $ 52 $ 52 $ 3 $ 19 $ 16 $ 16 $ 7 $ 16 ENDING FUND BALANCE $ 119,966 $ 119,955 $119,906 $ 119,922 $ 119,935 $ 119,938 $119,929 $ 119,938 ADJUSTMENTS - - - - - - FUND BALANCE AS% 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) $ 7,360 $ 7,349 $ 7,300 $ 7,316 $ 7,329 $ 7,332 $ 7,323 $ 7,332 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES REVENUE/EXPENDITURE LINE ITEM SUMMARY 95:EDC4B RESERVE FUND FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JAN ACTUAL PROPOSED AMENDED YTD JAN ESTIMATE CHANGE YTD% YTD% 4401-00-00 INVESTMENT INCOME 52 52 3 19 16 16 7 16 (36) 5.6% 41.9% INVESTMENT EARNINGS $ 52 $ 52 $ 3 $ 19 $ 16 $ 16 $ 7 $ 16 $ (36) 5.657 41.9% 4915-00-00 TRANSFER IN-EDC FUND - - - - - - - - - 0.0% 0.0% 4920-00-00 TRANSFER IN 0.0% 0.0% OTHER AGENCY $ $ $ $ $ $ $ $ $ 0.057 0.057 TOTAL REVENUES $ 52 $ 52 $ 3 $ 19 $ 16 $ 16 $ 7 $ 16 $ (36) 5.6% 41.9% 95:EDC4B RESERVE FUND FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JAN ACTUAL PROPOSED AMENDED YTD JAN ESTIMATE CHANGE YTD V. YTD V. 5715-00-00 TRANSFER OUT-EDC FUND 0.0% 0.097. TRANSFERS $ $ $ $ $ $ $ $ $ 0.07. 0.0% TOTAL EXPENDITURES $ $ $ $ $ $ $ $ $ 0.0% 0.0% "EXEMPLIFYING EXCELLENCE" B KENNEDALE Kennedale Economic Development Corporation www.cityofkennedale.com Staff Report to the Board of Directors Date:April 9, 2015 Agenda Item No: REGULAR ITEMS- B. I. Subject: Review and accept the KEDC Financial Report for February 2015. II. Originated by: Sakura Moten-Dedrick, Director of Finance& IT III.Summary: IV. Recommendation: Approve V. Alternative Actions: VI. Attachments: 1. JFeb 2015 EDC Financials IBinderl.pdf FEB 2015 ECONOMIC DEVELOPMENT CORPORATION FINANCIALS Budget/Amendment No changes. Year-To-Date • Ad Valorem Tax: No significant change over this time last year. Based on tax receipts received from assessments. • Sales/Beverage Tax: Increase in comparison over this time last year (see Monthly Graph, 3- Year Historical Graph, 10-Year Historical Graph). Please note, sales tax receipts run two months in arrears. • Investment Earnings: Increase 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 last year. • Surplus Sales/Rentals: Decrease in comparison over this time last year. Approximately $8400 a month lost due to Surplus Warehouse closure beginning Feb 2014. • Transfers: No significant change over this time last year. • Personnel: No significant change over this time last year. • Supplies: No significant change over this time last year. • Maintenance: Increase in comparison over this time last year. Due in part to landscaping materials. • Sundry: Decrease in comparison over this time last year. • Debt: Decrease in comparison over this time last year. Based on amortization schedules. • Transfers: Decrease in comparison over this time last year. • Capital: Decrease in comparison over this time last year. Payment of taxes on prior land purchases. Estimate For FY13/14, the final audited ending fund balance is $376,090 which is comprised of $226,739 operations /$29,429 capital bond project/ $119,922 reserve bond. For FY14/15, the combined anticipated ending fund balance is $492,474 which is comprised of $368,087 operations / $4,449 capital bond project/ $119,938 reserve bond. CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES INCOME STATEMENT 15:EDC4B FUND FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY INCOME STATEMENT BUDGET AMENDED YTD FEB ACTUAL PROPOSED AMENDED YTD FEB ESTIMATE CHANGE OPERATING REVENUES 1,103,880 1,103,880 222,510 1,536,006 901,665 901,665 197,805 901,047 (202,215) OPERATING EXPENDITURES (612,657) (612,657) (149,208) (599,078) (595,193) (595,193) (127,758) (606,216) 17,464 OPERATING INCOME/(LOSS) 491,223 491,223 73,302 936,927 306,472 306,472 70,047 294,831 (184,751) NONOPERATING REVENUES/(EXPENSES) INTEREST EARNINGS 645 645 3 12 4 4 13 35 (641) TRANSFERS IN - - - - - - - - - (TRANSFER OUT) (155,118) (155,118) (37,559) (155,119) (153,519) (153,519) (36,759) (153,519) 1,599 NET OPERATING INCOME/(LOSS) 336,750 336,750 35,746 781,820 152,958 152,958 33,301 141,348 (183,792) BEGINNING FUND BALANCE $ (306,400) $ (555,081) $ (555,081) $ (555,081) $ 223,526 $ 226,739 $ 226,739 $ 226,739 778,607 ENDING FUND BALANCE(EXCLUDING OTHER FUNDS) $ 30,350 $ (218,331) $ (519,335) $ 226,739 $ 376,484 $ 379,697 $ 260,040 $ 368,087 594,815 95:EDC4B RESERVE FUND $ 119,966 $ 119,955 $ 119,909 $ 119,922 $ 119,935 $ 119,938 $ 119,929 $ 119,938 (20) 19:EDC4B CAPITAL BOND FUND $ 13,357 $ 4,411 $ 29,424 $ 29,429 $ 4,451 $ 4,449 $ 29,431 $ 4,449 40 ENDING FUND BALANCE(INCLUDING OTHER FUNDS) $ 163,673 $ (93,965) $ (370,002) $ 376,090 $ 500,870 $ 504,084 $ 409,400 $ 492,474 $ 594,834 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY 15:EDC4B FUND FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 CATEGORY BUDGET AMENDED YTD FEB ACTUAL PROPOSED AMENDED YTD FEB ESTIMATE CHANGE YTD% YTD 7. BEGINNING FUND BALANCE $ (306,400) $ (555,081) $ (555,081) $ (555,081) $ 223,526 $ 226,739 $ 226,739 $ 226,739 $ 323,848 AD VALOREM TAXES 23,132 23,132 45,491 52,329 48,062 48,062 45,355 48,062 24,930 196.7% 94.4% SALES/BEVERAGE TAXES 305,808 305,808 87,197 325,630 334,791 334,791 88,363 334,173 28,983 28.5% 26.4% INVESTMENT EARNINGS 645 645 3 12 4 4 13 35 (641) 0.5% 319.0% MISCELLANEOUS INCOME 600,000 600,000 15,978 1,008,096 384,120 384,120 25,426 384,120 (215,880) 2.7% 6.6% SURPLUS SALES/RENTALS 174,940 174,940 73,844 149,950 134,692 134,692 38,661 134,692 (40,248) 42.2% 28.7% TRANSFERS $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0% TOTAL REVENUES $1,104,525 $1,104,525 $ 222,514 $1,536,017 $ 901,669 $ 901,669 $ 197,818 $ 901,082 $ (202,856) 20.1% 21.9% PERSONNEL - - - - - - - - 0.0% 0.0% SUPPLIES 3,100 3,100 - - 3,100 3,100 - 3,100 0.0% 0.0% MAINTENANCE 30,240 30,240 8,827 26,036 23,592 23,592 9,982 24,960 (6,648) 29.2% 42.3% SUNDRY 213,130 317,742 71,246 345,865 201,629 201,629 55,878 204,744 (116,113) 22.4% 27.7% DEBT 186,187 178,475 61,449 167,937 186,872 186,872 55,358 186,872 8,397 34.4% 29.6% TRANSFERS 155,118 155,118 37,559 155,119 153,519 153,519 36,759 153,519 (1,599) 24.2% 23.9% CAPITAL 180,000 83,100 7,685 59,239 180,000 180,000 6,540 186,540 96,900 9.2% 3.6% TOTAL EXPENDITURES $ 767,775 $ 767,775 $ 186,768 $ 754,197 $ 748,712 $ 748,712 $ 164,517 $ 759,735 $ (19,063) 24.37. 22.07o REVENUES OVER EXPENDITURES $ 336,750 $ 336,750 $ 35,746 $ 781,820 $ 152,958 $ 152,958 $ 33,301 $ 141,348 ENDING FUND BALANCE $ 30,350 $ (218,331) $ (519,335) $ 226,739 $ 376,484 $ 379,697 $ 260,040 $ 368,087 ADJUSTMENTS FUND BALANCE AS%OFEXP 4.07. -28.47. -278,137 30.1% 50.37. 50.7% 158.17. 48.47. RESERVE(NO REQUIREMENT) $ - $ - $ - $ - $ - $ - $ - $ - RESERVE SURPLUS/(SHORTFALL) $ 30,350 $ (218,331) $ (519,335) $ 226,739 $ 376,484 $ 379,697 $ 260,040 $ 368,087 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES REVENUE LINE ITEM SUMMARY 15:EDC4B FUND FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD FEB ACTUAL PROPOSED AMENDED YTD FEB ESTIMATE CHANGE YTD 57 YTD 7. 4001-00-00 PROPERTY TAX-CURRENT YEAR - - - - - - - - - 0.0% 0.0% 4002-00-00 MMD TAX-CURRENT YEAR 23,132 23,132 45,491 52,329 48,062 48,062 45,355 48,062 24,930 196.7% 94.4% ADVALOREMTAXES $ 23,132 $ 23,132 $ 45,491 $ 52,329 $ 48,062 $ 48,062 $ 45,355 $ 48,062 $ 24,930 196.7% 94.47. 4081-00-00 SALESTAX 305,808 305,808 87,197 325,630 334,791 334,791 88,363 334,173 28,983 28.5% 26.47. 4082-00-00 MIXED BEVERAGE TAX 0.07. 0.0% SALES/BEVERAGE TAXES $ 305,808 $ 305,808 $ 87,197 $ 325,630 $ 334,791 $ 334,791 $ 88,363 $ 334,173 $ 28,983 28.5% 26.4% 4401-00-00 INVESTMENT INCOME 645 645 3 12 4 4 13 35 (641) 0.5% 319.0% INVESTMENT EARNINGS $ 645 $ 645 $ 3 $ 12 $ 4 $ 4 $ 13 $ 35 $ (641) 0.5% 319.0% 4409-00-00 MISCELLANEOUS INCOME 600,000 600,000 4,036 989,468 384,120 384,120 25,426 384,120 (215,880) 0.7% 6.6% 4411-00-00 TEXAS LEVERAGE FUND PROGRAM - - - - - - - - - 0.0% 0.0% 4415-00-00 INSURANCE REIMBURSEMENTS - - 11,943 18,628 - - - - - #DIV 10! 0.0% MISCELLANEOUS INCOME $ 600,000 $ 600,000 $ 15,978 $1,008,096 $ 384,120 $ 384,120 $ 25,426 $ 384,120 $ (215,880) 2.7% 6.6% 4805-00-00 RENTAL FEES-SHOPPING CENTER 166,440 166,440 73,723 145,091 126,192 126,192 38,563 126,192 (40,248) 44.3% 30.6% 4806-00-00 RENTAL INSURANCE 8,500 8,500 122 4,859 8,500 8,500 97 8,500 1.4% 1.1% SURPLUS SALES/RENTALS $ 174,940 $ 174,940 $ 73,844 $ 149,950 $ 134,692 $ 134,692 $ 38,661 $ 134,692 $ (40,248) 42.27. 28.77. 4902-00-00 PROCEEDS-DEBT/LOAN/LEASE - - - - - - - - - 0.0% 0.0% TRANSFERS $ - $ - $ . $ . $ . $ . $ . $ . $ - 0.0% 0.0% TOTAL REVENUES $1,104,525 $1,104,525 $222,514 $1,536,017 $ 901,669 $ 901,669 $197,818 $ 901,082 $ (202,856) 20.1% 21.9% TOTAL REVENUES(EXCLUDING INTEREST/TRANSFERS) $1,103,880 $1,103,880 $210,568 $1,517,378 $ 901,665 $ 901,665 $197,805 $ 901,047 $ (202,215) 10%ADMIN CHARGE-GENERAL FUND 110,388 110,388 21,057 151,738 90,167 90,167 19,781 90,105 (20,221) "EXEMPLIFYING EXCELLENCE" Economic Development Corporation Sales Tax Revenue Three Year History $40,000 $35,000 $30,000 A. $25,000 $20,000 $15,000 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP 2012-13 ACTUAL 12013-14 ACTUAL fit-2014-15 ACTUAL Economic Development Corporation Sales Tax Revenue Monthly History $40,000 $35,000 $30,000 -- &--� A $25,000 - // \ / $20,000 $15,000 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP 12013-14 ACTUAL 1U-2014-15 ACTUAL Sales Tax Collections ECONOMIC DEVELOPMENT CORPORATION 4B SALES TAX-$0.005 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2014-15 2014-15 GAIN/ GAIN/ YTD 2014-15 ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL BUDGET ACTUAL YTD LOSS LOSS CUM ESTIMATE OCT 30,493 26,719 21,880 22,001 19,568 24,368 31,540 33,617 21,990 23,138 23,985 23,985 847 9.1% 9.1% 23,985 NOV 33,284 41,109 30,548 33,732 27,081 39,515 37,196 31,297 29,867 30,908 31,479 55,464 571 5.4% 7.0% 31,479 DEC 24,372 23,107 23,438 30,093 18,417 24,331 38,349 23,446 31,661 32,702 27,515 82,979 (5,187) -13.1% -0.6% 27,515 JAN 23,443 26,331 22,677 19,433 18,102 28,700 29,926 20,135 22,458 23,499 24,594 107,573 1,095 9.5% 1.5% 24,594 FEB 35,625 29,751 29,839 33,556 24,379 38,020 30,992 30,003 32,594 33,635 35,857 143,430 2,222 10.0% 3.5% 35,857 MAR 24,975 16,997 21,830 17,063 18,010 25,672 24,484 20,791 23,228 24,270 24,104 167,534 (166) 3.8% 3.5% 24,104 APR 24,036 25,672 24,231 22,636 18,030 27,583 37,230 20,318 26,412 27,454 27,454 194,988 - 3.9% 3.6% 27,454 MAY 35,851 32,194 31,278 30,806 55,683 37,335 41,230 32,020 31,319 32,361 32,361 227,349 - 3.3% 3.6% 32,361 JUN 27,616 26,993 24,985 21,608 29,762 24,899 24,369 21,136 25,832 26,873 26,873 254,222 - 4.0% 3.6% 26,873 JUL 24,299 27,477 30,517 17,906 141,681 25,572 40,830 22,435 23,976 25,017 25,017 279,239 - 4.3% 3.7% 25,017 AUG 35,983 28,340 38,499 33,664 34,381 28,137 26,679 27,973 28,866 29,907 29,907 309,146 - 3.6% 3.7% 29,907 SEP 27,368 30,430 23,534 24,245 27,457 36,010 27,612 26,025 23,985 25,027 25,027 334,173 - 4.3% 3.7% 25,027 347,346 335,121 323,256 306,744 432,550 360,141 390,438 309,197 322,187 334,791 334,173 (618) 334,173 7.58% -3.52% -3.54% -5.11%1 41.01% -16.74%1 8.41% -20.81%1 4.20%1 3.91% 3.72% 3.72% CYPRESS HISMRY FOR KENN®ALETOWN 9HOPPINGCENTER FY2014-2015 ACCOUNT OCT NOV DEC AN FEB MAR APR MAY .UN JJL AUG SEP TOTAL INCOME Rental Income $ 7,303.67 $ 7,303.67 $ 7,303.67 $ 7,303.67 $ 7,303.67 $ - $ - $ - $ - $ - $ - $ - $ 36,518.35 Tax Escrows $ 393.26 $ 393.26 $ 393.26 $ 34,535.26 $ 393.26 $ - $ - $ - $ - $ - $ - $ - $ 36,108.30 Insurance Escrows $ 24.37 $ 24.37 $ 24.37 $ 24.37 $ 2437 $ - $ - $ - $ - $ - $ - $ - $ 121.85 CAM Escrows $ 2,337.16 $ 2,337.16 $ 2,337.16 $ 2,337.16 $ 2,337.16 $ - $ - $ - $ - $ - $ - $ - $ 11,685.80 Late Fees $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Bank Fees $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Security Deposit $ $ $ $ $ $ $ $ $ $ $ $ $ TOTALINCOME $ 10,058.46 $ 10,058.46 $ 10,058.46 $ 44,200.46 $ 10,058.46 $ - $ - $ - $ - $ - $ - $ - $ 84,434.30 EXPEN5B General&Admi n $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Property Mgnt $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ - $ - $ - $ - $ - $ - $ - $ 2,500.00 Office Expenses $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Legal S:rvices $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Pental Commissions $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Electricity $ 322.53 $ 354.87 $ 327.72 $ 679.19 $ 357.14 $ - $ - $ - $ - $ - $ - $ - $ 2,041.45 9veeping $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Porter service $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Landscape $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - FireSprinkler/Alarm $ 150.00 $ - $ - $ 150.00 $ - $ - $ - $ - $ - $ - $ - $ - $ 300.00 Asphalt $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Water $ 823.29 $ 495.89 $ 306.02 $ 45.48 $ 65.48 $ - $ - $ - $ - $ - $ - $ - $ 1,736.16 Landscape Materials $ 1,165.35 $ 1,165.35 $ 1,165.35 $ 1,194.48 $ 1,194.48 $ - $ - $ - $ - $ - $ - $ - $ 5,885.01 Maintenance/Qmstruction $ 3,342.50 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 3,342.50 Roofing Pepair $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - 9gnage $ $ $ $ $ $ $ $ $ $ $ $ $ TOTALEXPENSB $ 6,303.67 $ 2,516.11 $ 2,299.09 $ 2,569.15 $ 2,117.10 $ - $ - $ - $ - $ - $ - $ - $ 15,805.12 ADJUSTMENTS Operating Balance $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - TOTALADJL1SfMENTS $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - NEf PRORT/(LASS-CHECK $ 3,754.79 $ 7,542.35 $ 7,759.37 $ 41,631.31 $ 7,941.36 $ - $ - $ - $ - $ - $ - $ - $ 68,629.18 Total Rental Income Posted $ 9,640.83 $ 9,640.83 $ 9,640.83 $ 9,640.83 $ 9,640.83 $ - $ - $ - $ - $ - $ - $ - $ 48,204.15 CYPRESS HISMRY FOR KENN®ALETOWN 9HOPPINGCENTER FY2013-2014 ACCOUNT OCT NOV DEC AN FEB MAR APR MAY JJN 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 $ 7,303.67 $ 7,237.00 $ 7,303.67 $ 7,303.67 $ 7,303.67 $ 120,710.68 Tax Escrows $ 2,738.95 $ 2,738.95 $ 2,738.95 $ 2,738.95 $ 393.26 $ 4,478.86 $ 9,495.26 $ 393.26 $ 393.26 $ 393.26 $ 393.26 $ 393.26 $ 27,289.48 Insurance Escrows $ 24.37 $ 24.37 $ 24.37 $ 24.37 $ 24.37 $ 4,591.42 $ 1,471.37 $ 24.37 $ 24.37 $ 24.37 $ 24.37 $ 24.37 $ 6,306.49 CAM Escrows $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ 737.16 $ 2,337.16 $ 737.16 $ 2,337.16 $ 2,337.16 $ 2,337.16 $ 15,245.92 Late Fees $ 251.80 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 251.80 Bank Fees $ - $ - $ 8.00 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 8.00 Security Deposit $ $ $ $ $ $ $ $ $ $ $ $ $ TOTALINCOME $ 19,389.28 $ 19,137.48 $ 19,145.48 $ 19,137.48 $ 8,391.79 $ 17,044.44 $ 18,940.79 $ 10,058.46 $ 8,391.79 $ 10,058.46 $ 10,058.46 $ 10,058.46 $ 169,812.37 EXPEN5B General&Admi n $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Property Mgnt $ 500.00 $ 500.00 $ 504.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 500.00 $ 6,004.00 Office Expenses $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Legal S:rvices $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Pental Commissions $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Electricity $ 384.24 $ 278.51 $ 416.56 $ 285.95 $ 366.96 $ 314.90 $ 325.22 $ 352.80 $ 700.15 $ 352.80 $ - $ 684.74 $ 4,462.83 9veeping $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Porter service $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Landscape $ 1,165.35 $ 1,165.35 $ 1,165.35 $ 1,165.35 $ 1,165.35 $ 1,165.35 $ 1,165.35 $ 1,165.35 $ 1,165.35 $ - $ - $ - $ 10,488.15 Fire Sprinkler/Alarm $ 150.00 $ - $ - $ - $ - $ - $ 150.00 $ 150.00 $ - $ 150.00 $ - $ - $ 600.00 Asphalt $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Water $ 609.05 $ 408.73 $ 452.62 $ 359.51 $ - $ 27.80 $ - $ 660.40 $ 304.36 $ 660.40 $ 671.89 $ 869.97 $ 5,024.73 Landscape Materials $ - $ - $ - $ - $ - $ - $ - $ - $ 1,165.35 $ 1,165.35 $ 275.00 $ 2,605.70 Maintenance/Qmstruction $ 275.00 $ - $ 275.00 $ 150.00 $ 320.53 $ 275.00 $ 1,003.49 $ 950.00 $ 275.00 $ 950.00 $ 4,010.50 $ - $ 8,484.52 Roofing Pepair $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - 9gnage $ $ $ $ $ $ $ $ $ $ $ $ $ TOTALEXPENSB $ 3,083.64 $ 2,352.59 $ 2,813.53 $ 2,460.81 $ 2,352.84 $ 2,283.05 $ 3,144.06 $ 3,778.55 $ 2,944.86 $ 3,778.55 $ 6,347.74 $ 2,329.71 $ 37,669.93 ADJUSTMENTS Operating Balance $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - TOTALADJL1SfMENTS $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - NEf PRORT/(LASg-CHECK $ 16,305.64 $ 16,784.89 $ 16,331.95 $ 16,676.67 $ 6,038.95 $ 14,761.39 $ 15,796.73 $ 6,279.91 $ 5,446.93 $ 6,279.91 $ 3,710.72 $ 7,728.75 $ 132,142.44 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 $ 9,640.83 $ 7,974.16 $ 9,640.83 $ 9,640.83 $ 9,640.83 $ 135,956.60 CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15:EDC4B FUND 01:ADMINISTRATION FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD FEB ACTUAL PROPOSED AMENDED YTD FEB 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 $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.07. 0.09. 5220-01-00 UNIFORMS - - - - - - - - - 0.0% 0.0% 5240-01-00 PRINTED SUPPLIES 3,000 3,000 - - 3,000 3,000 - 3,000 - 0.0% 0.0% 5260-01-00 GENERAL OFFICE SUPPLIES 50 50 - - 50 50 - 50 - 0.0% 0.0% 5261-01-00 POSTAGE 50 50 - - 50 50 - 50 - 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 $ 3,100 $ 3,100 $ - $ - $ 3,100 $ 3,100 $ - $ 3,100 $ - 0.09. 0.09. 5403-01-00 BUILDING MAINTENANCE - - - - - - 1,368 1,368 - 0.0% #DIV/0! 5440-01-00 OFFICE EQUIP/SOFTWARE MAINT - - - - - - - - - 0.0% 0.0% MAINTENANCE $ - $ - $ - $ - $ - $ - $ 1,368 $ 1,368 $ - 0.0% #DIV/01 5501-01-00 ADVERTISING - - 2,200 3,616 1,200 1,200 - 1,200 1,200 #DIV/0! 0.0% 5510-01-00 ASSOC DUES/PUBLICATIONS 3,150 3,150 - 3,614 4,020 4,020 905 4,020 870 0.0% 22.5% 5512-01-00 CONTRACTUAL SERVICES - - - - - - - - - 0.0% 0.0% 5525-01-00 TRAINING/SEMINARS 1,000 1,000 - - 250 250 - 250 (750) 0.0% 0.0% 5565-01-00 LEGAL SERVICES 5,000 5,000 - 250 1,000 1,000 - 1,000 (4,000) 0.0% 0.0% 5567-01-00 AUDIT SERVICES 2,000 2,000 2,000 2,000 2,000 2,000 - 2,000 - 100.0% 0.0% 5569-01-00 ITSUPPORT - - - - - - - - - 0.0% 0.0% 5570-01-00 SPECIAL SERVICES 51,600 51,600 16,200 56,485 72,600 72,600 30,250 72,600 21,000 31.4% 41.7% 5575-01-00 EQUIPMENT RENTAL - - - - - - - - - 0.0% 0.0% 5578-01-00 TRAVEL 700 700 - - 100 100 - 100 (600) 0.0% 0.0% 5580-01-00 ENGINEERING SERVICES 10,000 10,000 - 12,855 1,000 1,000 4,115 4,115 (9,000) 0.0% 411.5% 5585-01-00 TELEPHONE SERVICES - - - - - - - - - 0.0% 0.0% 5595-01-00 ADMIN CHARGE-GENERAL FUND 110,388 215,000 - 213,607 90,167 90,167 6,859 90,167 (124,833) 0.0% 7.6% SUNDRY $ 183,838 $ 288,450 $ 20,400 $ 292,428 $ 172,337 $ 172,337 $ 42,129 $ 175,452 $ (116,113) 7.1% 24.4% 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% 0.07. 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 $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.07. 0.0% 5800-01-00 LAND - 48,100 7,685 47,182 - - 6,540 6,540 (48,100) 16.0% #DIV/0! 5813-01-00 KENNEDALE ENTRANCE SIGN - - - - - - - - - 0.0% 0.0% 5820-01-00 BUILDING IMPROVEMENT - - - - - - - - - 0.0% 0.0% 5875-01-00 CONSTRUCTION - - - - - - - - - 0.0% 0.0% CAPITAL $ - $ 48,100 $ 7,685 $ 47,182 $ - $ - $ 6,540 $ 6,540 $ (48,100) 16.0% #DIV/01 TOTAL EXPENDITURES $ 186,938 $ 339,650 $ 28,085 $ 339,610 $ 175,437 $ 175,437 $ 50,038 $ 186,460 $ (164,213) 48.7% 8.37. "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15:EDC413 FUND 01:ADMINISTRATION 03:DEBT SERVICE FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD FEB ACTUAL PROPOSED AMENDED YTD FEB ESTIMATE CHANGE YTD V. YTD V. 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 68,806 68,806 34,364 68,766 65,678 65,678 32,787 65,678 (3,129) 49.9% 49.9% 5644-01-03 2007$1.2M TAX BOND-PRINCIPAL 45,000 45,000 - 45,000 50,000 50,000 - 50,000 5,000 0.0% 0.0% 5645-01-03 2011$1.7M TX LEVERAGE-INT 18,210 18,210 9,259 18,218 17,024 17,024 7,240 17,024 (1,186) 50.8% 42.5% 5646-01-03 2011$1.7M TX LEVERAGE-PRI 54,171 46,459 17,826 35,953 54,171 54,171 15,332 54,171 7,712 38.4% 28.3% DEBT $ 186,187 $ 178,475 $ 61,449 $ 167,937 $ 186,872 $ 186,872 $ 55,358 $ 186,872 $ 8,397 34.4% 29.67. 0.0% 0.0% 5702-01-03 TRANSFER OUT-DEBT SERVICE FUND 155,118 155,118 37,559 155,119 153,519 153,519 36,759 153,519 (1,599) 24.2% 23.9% TRANSFER $ 155,118 $ 155,118 $ 37,559 $ 155,119 $ 153,519 $ 153,519 $ 36,759 $ 153,519 $ (1,599) 24.2% 23.97. TOTAL EXPENDITURES $ 341,305 $ 333,593 $ 99,009 $ 323,056 $ 340,391 $ 340,391 $ 92,117 $ 340,391 $ 6,798 29.7% 27.1% "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15:EDC4B FUND 02:TOWN SHOPPING CENTER FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD FEB ACTUAL PROPOSED AMENDED YTD FEB ESTIMATE CHANGE YTD% YTD 7. 5280-02-00 MINOR EQUIP/SMALL TOOLS<$5K - - - - - - - - - 0.0% 0.0% SUPPLIES $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.07. 5403-02-00 BUILDING MAINTENANCE 30,240 30,240 8,827 26,036 23,592 23,592 8,614 23,592 (6,648) 29.2% 36.5% MAINTENANCE $ 30,240 $ 30,240 $ 8,827 $ 26,036 $ 23,592 $ 23,592 $ 8,614 $ 23,592 $ (6,648) 29.2% 36.5% 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 5,000 5,000 1,732 4,439 5,000 5,000 1,005 5,000 - 34.6% 20.1% 5545-02-00 INSURANCE-PROPERTY 8,500 8,500 10,075 10,075 8,500 8,500 6,347 8,500 - 118.5% 74.7% 5565-02-00 LEGAL SERVICES - - - - - - - - - 0.0% 0.0% 5570-02-00 SPECIAL SERVICES 15,792 15,792 6,759 16,371 15,792 15,792 6,396 15,792 - 42.8% 40.5% SUNDRY $ 29,292 $ 29,292 $ 18,566 $ 30,885 $ 29,292 $ 29,292 $ 13,749 $ 29,292 $ - 63.4% 46.9% TOTAL EXPENDITURES $ 59,532 $ 59,532 $ 27,393 $ 56,922 $ 52,884 $ 52,884 $ 22,362 $ 52,884 $ (6,648) 46.0% 42.3% "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15:EDC413 FUND 03:TOWN CENTER REDEVELOPMENT FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD FEB ACTUAL PROPOSED AMENDED YTD FEB 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 - - - - - - - - - 0.0% 0.0% SUNDRY $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.07. 5800-03-00 LAND - - - - - - - - - 0.0% 0.0% 5847-03-00 CONSTRUCTION 30,000 - - - 30,000 30,000 - 30,000 30,000 0.0% 0.0% CAPITAL $ 30,000 $ - $ - $ - $ 30,000 $ 30,000 $ - $ 30,000 $ 30,000 0.0% 0.07. $ 30,000 $ - $ - $ - $ 30,000 $ 30,000 $ - $ 30,000 $ 30,000 0.0% 0.07. "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES EXPENDITURE LINE ITEM SUMMARY 15:EDC413 FUND 04:TEXAS LEVERAGE PROGRAM FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD FEB ACTUAL PROPOSED AMENDED YTD FEB ESTIMATE CHANGE YTD% YTD 7. 5580-04-00 ENGINEERING SERVICES - - 32,280 22,552 - - - - - #DIV/0! 69.97. SUNDRY $ - $ - $ 32,280 $ 22,552 $ - $ - $ - $ - $ - 0.0% 0.0% 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 150,000 35,000 - 12,057 150,000 150,000 - 150,000 115,000 #DIV/0! 142.87. 5847-04-00 CONSTRUCTION - - - - - - - - - 0.07. 0.07. CAPITAL $ 150,000 $ 35,000 $ - $ 12,057 $ 150,000 $ 150,000 $ - $ 150,000 $ 115,000 100.7% 142.8% $ 150,000 $ 35,000 $ 32,280 $ 34,609 $ 150,000 $ 150,000 $ - $ 150,000 $ 115,000 111.9% 156.6% "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY 19:EDC4B CAPITAL BOND FUND FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 CATEGORY BUDGET AMENDED YTD FEB ACTUAL PROPOSED AMENDED YTD FEB ESTIMATE CHANGE YTD% YTD% BEGINNING FUND BALANCE $ 38,357 $ 29,411 $ 29,411 $ 29,411 $ 29,431 $ 29,429 $ 29,429 $ 29,429 INVESTMENT EARNINGS - - 12 18 20 20 2 20 20 #DIV/01 11.6% TRANSFERS - - - - - - - 0.0% 0.0% TOTAL REVENUES $ $ $ 12 $ 18 $ 20 $ 20 $ 2 $ 20 $ 20 #DIV/01 11.67. MAINTENANCE - - - - - - - 0.0% 0.0% SUNDRY - - - - - 0.0% 0.0% CAPITAL 25,000 25,000 25,000 25,000 25,000 0.0% 0.0% TOTAL EXPENDITURES $ 25,000 $ 25,000 $ $ $ 25,000 $ 25,000 $ $ 25,000 $ 0.07. 0.07. REVENUES OVER EXPENDITURES $ (25,000) $ (25,000) $ 12 $ 18 $ (24,980) $ (24,980) $ 2 $ (24,980) ENDING FUND BALANCE $ 13,357 $ 4,411 $ 29,424 $ 29,429 $ 4,451 $ 4,449 $ 29,431 $ 4,449 ADJUSTMENTS FUND BALANCE AS% EXP 53.4% 17.6% N/A N/A 17.857 17.8% N/A 17.8% RESERVE(NO REQUIREMENT) $ $ $ $ $ $ $ $ RESERVE SURPLUS/(SHORTFALL) $ 13,357 $ 4,411 $ 29,424 $ 29,429 $ 4,451 $ 4,449 $ 29,431 $ 4,449 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES REVENUE/EXPENDITURE LINE ITEM SUMMARY 19:EDC413 CAPITAL BOND FUND FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD FEB ACTUAL PROPOSED AMENDED YTD FEB ESTIMATE CHANGE YTD% YTD 4401-00-00 INVESTMENT INCOME - - 12 18 20 20 2 20 20 #DIV/0! 11.6% INVESTMENT EARNINGS $ - $ - $ 12 $ 18 $ 20 $ 20 $ 2 $ 20 $ 20 #DIV/01 11.6% 4913-00-00 TRANSFER IN-CAPITAL BOND FUND - - - - - - - - - 0.0% 0.0% TRANSFERS $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.07. 0.0% TOTAL REVENUES $ - $ - $ 12 $ 18 $ 20 $ 20 $ 2 $ 20 $ (250) #DIV/01 11.6% 19:EDC413 CAPITAL BOND FUND 01:TOWN CENTER REDEVELOPMENT FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD FEB ACTUAL PROPOSED AMENDED YTD FEB ESTIMATE CHANGE YTD% YTD 7. 5403-01-00 BUILDING MAINTENANCE - - - - - - - - - 0.0% 0.0% MAINTENANCE $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.07. 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 - - - - - - - - - 0.0% 0.0% SUNDRY $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.07. 5800-01-00 LAND - - - - - - - - - 0.0% 0.0% 5847-01-00 CONSTRUCTION 25,000 25,000 - - 25,000 25,000 - 25,000 - 0.0% 0.0% CAPITAL $ 25,000 $ 25,000 $ - $ - $ 25,000 $ 25,000 $ - $ 25,000 $ - 0.0% 0.07. TOTAL EXPENDITURES $ 25,000 $ 25,000 $ - $ - $ 25,000 $ 25,000 $ - $ 25,000 $ - 0.07. 0.0% "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES FUND SUMMARY BY CATEGORY 95:EDC4B RESERVE FUND FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 CATEGORY BUDGET AMENDED YTD FEB ACTUAL PROPOSED AMENDED YTD FEB ESTIMATE CHANGE YTD% YTD V. BEGINNING FUND BALANCE $ 119,914 $ 119,903 $119,903 $ 119,903 $ 119,919 $ 119,922 $119,922 $ 119,922 INVESTMENT EARNINGS 52 52 6 19 16 16 7 16 (36) 11.5% 41.9% TRANSFERS - - - - - - - - - 0.0% 0.0% TOTALREVENUES $ 52 $ 52 $ 6 $ 19 $ 16 $ 16 $ 7 $ 16 $ (36) 11.5% 41.9% TRANSFERS - - - - - - - - - 0.0% 0.0% TOTAL EXPENDITURES $ $ $ $ $ $ $ $ $ 0.0% 0.0% REVENUES OVER EXPENDITURES $ 52 $ 52 $ 6 $ 19 $ 16 $ 16 $ 7 $ 16 ENDING FUND BALANCE $ 119,966 $ 119,955 $119,909 $ 119,922 $ 119,935 $ 119,938 $119,929 $ 119,938 ADJUSTMENTS - - - - - - FUND BALANCE AS% 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) $ 7,360 $ 7,349 $ 7,303 $ 7,316 $ 7,329 $ 7,332 $ 7,323 $ 7,332 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES REVENUE/EXPENDITURE LINE ITEM SUMMARY 95:EDC4B RESERVE FUND FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD FEB ACTUAL PROPOSED AMENDED YTD FEB ESTIMATE CHANGE YTD% YTD% 4401-00-00 INVESTMENT INCOME 52 52 6 19 16 16 7 16 (36) 11.5% 41.9% INVESTMENT EARNINGS $ 52 $ 52 $ 6 $ 19 $ 16 $ 16 $ 7 $ 16 $ (36) 11.557 41.9% 4915-00-00 TRANSFER IN-EDC FUND - - - - - - - - - 0.0% 0.0% 4920-00-00 TRANSFER IN 0.0% 0.0% OTHER AGENCY $ $ $ $ $ $ $ $ $ 0.057 0.057 TOTAL REVENUES $ 52 $ 52 $ 6 $ 19 $ 16 $ 16 $ 7 $ 16 $ (36) 11.5% 41.9% 95:EDC4B RESERVE FUND FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15 ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD FEB ACTUAL PROPOSED AMENDED YTD FEB ESTIMATE CHANGE YTD V. YTD V. 5715-00-00 TRANSFER OUT-EDC FUND 0.0% 0.097. TRANSFERS $ $ $ $ $ $ $ $ $ 0.07. 0.0% TOTAL EXPENDITURES $ $ $ $ $ $ $ $ $ 0.0% 0.0% "EXEMPLIFYING EXCELLENCE" B KENNEDALE Kennedale Economic Development Corporation www.cityofkennedale.com Staff Report to the Board of Directors Date:April 9, 2015 Agenda Item No: STAFF ANNOUNCEMENTS/REPORTS-A. I. Subject: TIRZ Status B. Chamber Update II. Originated by: Bob Hart III.Summary: The Director will provide an update on these items. IV. Recommendation: V. Alternative Actions: VI. Attachments: B KENNEDALE Kennedale Economic Development Corporation www.cityofkennedale.com Staff Report to the Board of Directors Date:April 9, 2015 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.Town Center Development 2. Fence at 733 W. Kennedale Parkway 3. Facade Renovations at 201 E. Kennedale Parkway 4. Facade, Parking, and Sign Renovations at 1302 W. Kennedale Parkway 5. Industrial Prospects for Bloxom Park 6. 1298 W. Kennedale Parkway Business Incentives 7. Potential Hotel II. Originated by: Bob Hart III.Summary: These items will be discussed during the Executive Session. IV. Recommendation: V. Alternative Actions: VI. Attachments: