2015_08.25 EDC Agenda Packet ic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
ECONOMIC DEVELOPMENT CORPORATION
AGENDA
BOARD OF DIRECTORS - REGULAR MEETING
August 25, 2015
CITY HALL CONFERENCE ROOM, 405 MUNICIPAL DRIVE
REGULAR SESSION - 7:00 PM
I. CALL TO ORDER
II. ROLL CALL
III. MINUTES APPROVAL
A. Consider approval of the minutes from the July 28, 2015 regular meeting
IV. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for July 2015.
B. Update on the International Council of Shopping Centers (ICSC) Conference Attendance
V. STAFF ANNOUNCEMENTS/REPORTS
A. Village Creek
B. Sidewalk Project
C. TownCenter
D. TIRZ Report
E. Chamber Report
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. Industrial Prospects for Bloxom Park
2. 1298 W. Kennedale Parkway Business Incentives
3. 5913 Kennedale Road
4. 5409 Kennedale Road
5. 580 Corry A. Edwards Drive
6. 1200 Block Bowman Springs Road
7. 6900 Block Kennedale Parkway
8. Red's Roadhouse Status
9. 516 Corry A. Edwards Drive
10. 705 Kennedale Parkway
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 August 25, 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 8.6cretary
405 Municipal Drive, Kennedale, TX 76060 1 Telephone: 817.985.2102 Fax: 817-478-7169
ic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: August 25, 2015
Agenda Item No: MINUTES APPROVAL - A.
I. Subject:
Consider approval of the minutes from the July 28, 2015 regular meeting
II. Originated by:
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 - July 28, 2015 7.28.15. df
KENNEDALE
Kennedale Economic
www.ci
Development Corporation ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS - REGULAR MEETING
MINUTES
July 28, 2015
I. CALL TO ORDER
President Mundy called the meeting to order at 7:00 p.m.
II. ROLL CALL
Present: Adrienne Kay, Rebecca Mowell, Robert Mundy, Ronald Whitley
Absent: Michael Johnson, Pat Turner, Mark Yeary
Staff Present: Bob Hart, Krystal Crump, Jack Thompson with Orasi Development/Chamber of
Commerce
III. MINUTES APPROVAL
A. Consider approval of the minutes from the June 11, 2015 regular meeting
Motion To approve the June 11, 2015 regular meeting minutes. Action Approve, Moved
By Rebecca Mowell, Seconded By Adrienne Kay.
Motion passed Unanimously
IV. PUBLIC HEARING
President Mundy opened the Public Hearing at 7:02 p.m.
A. NOTICE OF PROJECTS AND PUBLIC HEARING KENNEDALE ECONOMIC
DEVELOPMENT CORPORATION NOTICE IS HEREBY GIVEN that the Kennedale
Economic Development Corporation intends to participate in "Projects," as defined in the
Development Corporation Act of 1979, as amended, Texas Revised Civil Statutes Annotated
Article 5190.6, including, but not limited to, designing, acquiring, improving, and operating the
following:
1. "TownCenter Project," Operations/Management/Marketing of a "mid-city" downtown district
including but not limited to the commercial, medical, retail, entertainment, food truck park,
farmers market, land acquisition and (New Urbanism style, typically higher density / multi-
storied) residential growth of TownCenter Kennedale and its surrounding area;
2. "Redevelopment Project," The development of new and renovation of existing
commercial/residential and municipal / KEDC projects designed to enhance Kennedale's
lifestyle and quality of life;
3. "TownCenter Beautification Project," The further development / beautification / landscaping /
upgrading of the TownCenter Kennedale area and its adjoining Plaza;
4. "Arts Project," The planning, implementation, and operation of City Festivals and Events;
5. "Sign Project," The construction of a new Kennedale Entranceway Monument Sign at a site
TBD, and/or directional signs;
6. "Parkway Project," The creation & implementation of Kennedale Parkway, Village Creek,
and 1-20 commercial and residential Urban Renewal / Development/Redevelopment /
Revitalization / Access and Safety Studies / Economic Incentives / Beautification plans /
Kennedale Parkway Landscape / Sidewalks and actual projects derived from these plans,
including Consultation, Planning, Legal, and Engineering Services;
7. "Development Project," The Creation of a Tax Increment Reinvestment Zone (TIRZ)
and Municipal Management District (MMD) including Consultation, Planning, Legal, and
Engineering Services;
8. "Branding Project," A Kennedale Marketing and Implementation Plan aimed at City Branding
and attracting new Kennedale projects and businesses;
9. "Grant Project," The continuation of the existing Revitalization Grant Program and funding
for fagade, landscaping, and/or signage improvements;
10. "Industrial Expansion Project," Industrial expansion and recruitment program, including
loans, fee waivers, incentive payments, driveway and access construction, street construction,
and land leases;
11. "Industrial Recruitment Project," The recruitment of new and retention of existing
Kennedale industrial businesses and development / redevelopment of industrial park(s),
including but not limited to rail spurs, infrastructure, and office parks, etc.;
12. "Hotel Project," The attraction and development of a hotel, including land acquisition, site
development, financing, land lease, studies, and ownership investment;
13. "Transit Project," The attraction and development of DFW Metroplex area commuter transit
/ light rail / mass transportation services, including land acquisition, the development of a
Kennedale rail station and related improvements;
14. "Landbank Project," The purchase / leasing / sale or other means of transfer of real estate
land and properties for the accomplishment of the above designated projects;
15. "Village Creek Project," The development of Village Creek Park, including land acquisition,
recreation facility development, water quality enhancement features, and related flood control
and water quality studies;
16. "Oak Crest Development," The land acquisition and site development for the Oak Crest
area, including utility extension, street improvements, consultation, plans, legal and
engineering services;
17. "Financing Project," The issuance, purchase, sale, or other means of transfer of Bonds and
other debt instruments designed to fund the above objectives including, but not limited to
implementing a Tax Increment Reinvestment Zone (TIRZ) District / Municipal Management
District (MMD) / Texas Leverage Fund and mixed-use project(s) development /
redevelopment;
18. "Staff Support Project," Contractual staff services;
19. "Hotel / Motel Tax Administration," Manage the administration of the collection and
expenditure of the hotel/motel occupancy tax in accordance with chapter 351 of the Texas Tax
Code;
20. "Administrative Project," All necessary services and related expenses for the above
projects including but not limited to project master-planning; engineering; alternate energy
sources; project advertising / marketing; related consultant and legal services; new
construction / remodeling / maintenance of landscaping, roadways, City / KEDC owned or
leased buildings, and their related improvements.
There was no one present requesting to speak.
President Mundy closed the Public Hearing at 7:05 p.m.
V. REGULAR ITEMS
A. Review and accept the KEDC Financial Report for June 2015.
EDC Director, Bob Hart introduced Kennedale's new Finance Director, Krystal Crump and
provided a brief review of the June 2015 Economic Development Corporation financial report.
B. Discuss and approve FY2015-16 Proposed Budget for recommendation to City Council.
Director Hart discussed the proposed budget for the FY2015-16 Kennedale Economic
Development Corporation.
Motion To recommend to the City Council the proposed budget as discussed in the packet and
the 2015-16 Economic Development project list as discussed at the public hearing.
Action Approve, Moved By Rebecca Mowell, Seconded By Ronald Whitley.
Motion passed Unanimously
VI. STAFF ANNOUNCEMENTS/REPORTS
A. Kennedale Parkway Access
B. Village Creek
C. Sidewalk Project
D. TownCenter
E. TIRZ Report
F. Chamber Report
Director Hart provided updates on all the ongoing projects.
Jack Thompson provided updates on Chamber activities, highlighting possible upcoming
events. Additionally, he reported on his new Chamber staff members.
VII. EXECUTIVE SESSION
President Mundy recessed into executive session at 8:22 p.m.
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. Industrial Prospects for Bloxom Park
2. 1298 W. Kennedale Parkway Business Incentives
3. 5913 Kennedale Road
4. 5409 Kennedale Road
5. 580 Corry A. Edwards Drive
VIII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO
EXECUTIVE SESSION, IF NEEDED
Present Mundy reconvened into open session at 8:43 p.m.
No action was necessary pursuant to the Executive Session.
IX. ADJOURNMENT
The meeting was adjourned at 8:45 p.m.
Motion To adjourn. Action Adjourn, Moved By Adrienne Kay, Seconded By Rebecca Mowell.
Motion passed Unanimously
APPROVED: ATTEST:
President Robert Mundy Deputy City Secretary Kathy E. Moore
ic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: August 25, 2015
Agenda Item No: REGULAR ITEMS - A.
I. Subject:
Review and accept the KEDC Financial Report for July 2015.
II. Originated by:
Finance Director, Director of Finance & IT
III. Summary:
Finance Director, Krystal Crump will provide an overview of the July 2015 Kennedale Economic
Development Corporation Financial Report.
IV. Recommendation:
Approve
V. Alternative Actions:
VI. Attachments:
1. Jul 2015 EDC Financials IEDC July 2015 Finance Re orts. df
JULY 2015 ECONOMIC DEVELOPMENT CORPORATION FINANCIALS SUMMARY
Budget Amendment
No changes.
Monthly Information
Maintenance and Supplies categories are over budgeted amounts. Sales Tax amounts continue
to be over estimates and should continue until October Sales Tax payment.
Rental Fees, MMD Tax and Rental Insurance are reported on the Accrual Basis of Accounting,
while all other revenues and expenditures are reported on the Cash Basis. This procedure has
been in effect for several years, but can be changed should the Board wish.
Krystal Crump
Finance Director
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
BALANCE SHEET
ALL EDC FUND'S
JULY JULY
FY13-14 BEGINNING ENDING
BALANCE SHEET ACTUAL BALANCE BALANCE
INVESTMENT IN CONSOLIDATED CASH 177,198 105,868 153,625
TEXPOOL 19 19 19
BANK ESCROW-SHOPPING CENTER 10,000 10,000 10,000
SECURITY DEPOSIT-SHOPPING CENTER (14,899) (14,899) (14,899)
FUND BALANCE-FUND 15 226,739 104,349 148,746
FUND BALANCE-FUND 19 29,429 29,437 49,439
FUND BALANCE-FUND 95 119,922 119,933 112,606
"EXEMPLIFYING EXCELLENCE"
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 JULY ACTUAL PROPOSED AMENDED YTD JULY ESTIMATE CHANGE
OPERATING REVENUES 1,103,880 1,103,880 1,390,500 1,536,006 901,665 901,665 455,417 619,143 (202,215)
OPERATING EXPENDITURES (612,657) (612,657) (453,821) (599,079) (595,193) (595,193) (379,936) (520,136) 17,464
OPERATING INCOME/(LOSS) 491,223 491,223 936,679 936,927 306,472 306,472 75,481 99,007 (184,751)
NONOPERATING REVENUES/(EXPENSES)
INTEREST EARNINGS 645 645 3 12 4 4 45 50 (641)
(TRANSFER OUT) (155,118) (155,118) (155,119) (155,119) (153,519) (153,519) (153,519) (153,519) 1,599
NET OPERATING INCOME/(LOSS) 336,750 336,750 781,564 781,820 152,957 152,957 (77,993) (54,462) (183,793)
BEGINNING FUND BALANCE $ (555,080) $ (555,080) $ (555,080) $ (555,080) $ 226,740 $ 226,740 $ 226,740 $ 226,740 781,820
ENDING FUND BALANCE(EXCLUDING OTHER FUNDS) $ (218,330) $ (218,330) $ 226,484 $ 226,740 $ 379,697 $ 379,697 $ 148,746 $ 172,278 598,027
95:EDC413 RESERVE FUND $ 119,966 $ 119,955 $ 119,911 $ 119,922 $ 119,935 $ 119,938 $ 112,606 $ 119,938 (20)
19:EDC4B CAPITAL BOND FUND $ 13,357 $ 4,424 $ 29,424 $ 29,429 $ 4,451 $ 4,449 $ 49,439 $ 4,449 27
ENDING FUND BALANCE(INCLUDING OTHER FUNDS) $ (85,007) $ (93,951) $ 375,819 $ 376,090 $ 504,083 $ 504,083 $ 310,791 $ 296,664 $ 598,033
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
FUND SUMMARY BY CATEGORY
15:EDC46FUND
FY13-14 FYI 3-14 FYI 3-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15
CATEGORY BUDGET AMENDED YTD JULY ACTUAL PROPOSED AMENDED YTD JULY ESTIMATE CHANGE YTD% YTD%
BEGINNING FUND BALANCE $ (555,080) $ (555,080) $ (555,080) $ (555,080) $ 226,740 $ 226,740 $ 226,740 $ 226,740 $ 323,848
AD VALOREM TAXES 23,132 23,132 51,543 52,329 48,062 48,062 38,075 48,062 24,930 222.8% 79.2%
SALES/BEVERAGE TAXES 305,808 305,808 218,450 325,630 334,791 334,791 278,151 387,389 28,983 71.4% 83.1%
INVESTMENT EARNINGS 645 645 3 12 4 4 45 50 (641) 0.5% 1125.D%
MISCELLANEOUS INCOME 600,000 600,000 989,887 1,008,096 384,120 384,120 42,539 49,000 (215,880) 165,0% 11.1%
SURPLUS SALES/RENTALS 174,940 174,940 130,620 149,950 134,692 134,692 96,652 134,692 (40,248) 74.7% 71.8%
TOTAL REVENUES $ 1,104,525 $ 1,104,525 $ 1,390,503 $ 1,536,017 $ 901,669 $ 901,669 $ 455,462 $ 619,193 $ (202,856) 125.9% 50.5%
SUPPLIES 3,100 3,100 - - 3,100 3,100 4,505 5,100 - 0.0% 145.3%
MAINTENANCE 30,240 30,240 19,044 26,036 23,592 23,592 25,928 28,000 (6,648) 63.0% 109.9%
SUNDRY 213,130 317,742 229,122 345,864 201,629 201,629 150,591 183,556 (116,113) 72.1% 74.7%
DEBT 186,187 178,475 163,423 167,937 186,873 186,873 178,026 182,593 8,398 91.6% 95.3%
TRANSFERS 155,118 155,118 155,119 155,119 153,519 153,519 153,519 153,519 (1,599) 100.0% 100.0%
CAPITAL 180,000 83,100 42,232 59,241 180,000 180,000 20,887 120,887 96,900 50.8% 11.6%
TOTAL EXPENDITURES $ 767,775 $ 767,775 $ 608,939 $ 754,198 $ 748,712 $ 748,712 $ 533,455 $ 673,655 $ (19,063) 79.3% 71.2%
REVENUES OVER EXPENDITURES $ 336,750 $ 336.750 $ 781,564 $ 781,820 $ 152,957 $ 152,957 $ (77,993) $ (54,462)
ENDING FUND BALANCE $ (218,330) $ (218,330) $ 226,484 $ 226,740 $ 379,697 $ 379,697 $ 148,746 $ 172,278
FUND BALANCE AS%OF EXP -28.4% -28.4% 37.2% 30.1% 50.7% 50.7% 27.9% 25.6%
RESERVE SURPLUS/(SHORTFALL) $ (218,330) $ (218,330) $ 226,484 $ 226,740 $ 379,697 $ 379,697 $ 148,746 $ 172,278
EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
REVENUE LINE ITEM SUMMARY
15:EDC4B FUND
FY13-14 FY13-14 FYI 3-14 FY13-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JULY ACTUAL PROPOSED AMENDED YTD JULY ESTIMATE CHANGE YTD% YTD%
4002-00-00 M M D TAX-CURRENT YEAR 23,132 23,132 51,543 52329 48,D62 48,062 38,075 48,062 24,930 222.8% 79.2%
AD VALOREM TAXES $ 23,132 $ 23,132 $ 51,543 $ 52,329 $ 48,062 $ 48,062 $ 38,075 $ 48,062 $ 24,930 222.8% 79.2%
4081-00-00 SALES TAX 305,808 305,808 218,450 325,630 334,791 334.791 278,151 387,389 28,983 71.4% 83.1%
SALES/BEVERAGE TAXES $ 305,808 $ 305,808 $ 218,450 325,630 $ 334,791 $ 334,791 $278,151 $ 387,389 $ 28,983 71.4% 83.1%
4401-00-00 INVESTMENT INCOME 645 645 3 12 4 4 45 50 (641) 0.5% 1125.0%
INVESTMENT EARNINGS $ 645 $ 645 $ 3 $ 12 $ 4 $ 4 $ 45 $ 50 (641) 0.5% 1125.0%
4409-OC-00 MISCELLANEOUS INCOME 600,000 600,000 977,945 989,468 384,120 384,120 42,539 49,000 (215,880) 163.0% 11.1%
4415-00-00 INSURANCE REIMBURSEMENTS - - 11,943 18,628 - #DIV/01 0.0%
MISCELLANEOUS.INCOME $ 600,000 $ 600,000 $ 989,887 $1,008,096 $ 384,120 $ 384,120 $ 42,539 $ 49,000 $ (215,880) 165.0% 11.1%
4805-00-00 RENTAL FEES-SHOPPING CENTER 166,440 166,440 125,809 145,091 126,192 126,192 96,408 126,192 (40,248) 75.6% 76.4%
4806-00-00 RENTAL INSURANCE 8,500 81500 4,811 4,859 81500 8,500 244 81500 56.6% 2.9%
SURPLUS SALES/RENTALS $ 174,940 $ 174,940 $ 130,620 $ 149,950 $ 134,692 $ 134,692 $ 96,652 $ 134,692 $ (40,248) 74.7% 71.8%
TRANSFERS $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0%
TOTAL REVENUES $ 1,104,525 $1,104,525 $1,390,503 $1,536,017 $ 901,669 $ 901,669 $455,462 $ 619,193 $ (202,856) 125.9% 50.5%
TOTAL REVENUES(EXCLUDING INTEREST/TRANSFERS) $ 1,103,880 $1,103,880 $1,378,557 $1,517,378 $ 901,665 $ 901,665 $455,417 $ 619,143 $ (202,215)
10%ADMIN CHARGE-GENERAL FUND 110,388 110,388 137,856 151,738 90,167 90,167 45,542 61,914 (20,221)
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
REVENUE LINE ITEM DETAIL
15:EDC4B FUND
FY14-15
PROPOSED
4002-00-00 MMD TAX-CURRENT YEAR BASED ON FYI 3/14 ASSESSED VALUE OF $2,783,693 AND TOTAL TAX 48,062 48,062
RATE OF 2.880965 PER$100(MINUS TRACT 1 R FOR SURPLUS)
CITY OF KENNEDALE:$0.747500
KENNEDALE ISD:$1,492068
TARRANT COUNTY:$0.264000
TARRANT HOSPITAL:$0.227897
TARRANT COLLEGE:$0.149500
4081-00-00 SALES TAX GENERALLY BUDGET BASED ON PRIOR 3 YEARS OF HISTORY 334,791 334,791
4401-00-00 INVESTMENT INCOME EARNING BASED UPON AVERAGE BALANCE/INTEREST RATES 4 4
4409-00-00 MISCELLANEOUS INCOME SALE OF 1121 WEST KENNEDALE PARKWAY 360,000 384,120
(APACHE/NACHO/FOX/WHEELER/HUNDE PURCHASED FY09/10)-3RD
PADSITE,4TH PADSITE REMAINING
MONTHLY FEE FROM CHAMBER FOR SERVICES($2000 MONTH) 24,000
MONTHLY FEE FROM CHAMBER PER RENTAL AGREEMENT ($10 120
MONTH)PLUS$100 DEPOSIT
4805-00-00 RENTAL FEES-SHOPPING CENTER SUBWAY ($1400 MONTH, RELOCATION FEB 2012 LEASE EXPIRES - 126,192
09/01/13,GOES TO$1750 UPON EXPIRATION)
CHICKEN EXPRESS ($2518 MONTH, RELOCATION JUL 2013, LEASE 25,180
EXPIRES 05/31/17,GOES TO$2618 UPON MOVE)
DOLLAR GENERAL ($4719 MONTH, LEASE EXPIRES 07/31/17, 2% 56,628
MANAGEMENT FEE FOR AT RENEWA)
PREPAID TENANT FEES RECEIVED BUT CORRESPONDING OFFSET 44,384
OCCURS WHEN BOOKED AGAINST CAM EXPENSES(EXCLUDES RENTAL
INSURANCE CAM
4806-00-00 RENTAL INSURANCE RENTAL CAM COLLECTED ON LEASE AGREEMENTS AND THEN USED TO 8,500 8,500
PAY TML INSURANCE(OFFSETTING EXPENSE UNDER TOWN SHOPPING
CENTER
TOTAL REVENUES $ 901,669
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE REM SUMMARY
15:EDC46 FUND
01:ADMINISTRATION
FYI 3-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-15 FY 14-15 FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JULY ACTUAL PROPOSED AMENDED YTD JULY ESTIMATE CHANGE YTD% YTD%
5220-01-00 UNIFORMS - - - - - - 0.0% 0.0%
5240-01-00 PRINTED SUPPLIES 3,000 3,000 3,000 3,000 4,505 5,000 0.0% 150.2%
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%
SUPPLIES $ 3,100 $ 3,100 $ $ $ 3,100 $ 3,100 $ 4,505 $ 5,100 $ 0.0% 145.3%
MAINTENANCE $ - $ - $ - $ $ - $ - $ $ - $ 0.0% 0.0%
5501-01-00 ADVERTISING - - 2,559 3,616 1,200 1,200 600 1,200 #DIV/0! 0.0%
5510-01-00 ASSOC DUES/PUBLICATIONS 3,150 3,150 3,614 3,614 4,020 4,020 4,755 4,800 870 114.7% 118.3%
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 5,000 200 250 1,000 1,000 1,000 (4,000) 4.0% 0.0%
5567-01-00 AUDITSERVICES 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 100.01/. 100.0%
5569-01-00 IT SUPPORT - - - - - - - 0.0% 0.0%
5570-01-00 SPECIAL SERVICES 51,600 51,600 44,385 56,485 72,600 72,600 65,742 72,600 21,000 86.0% 90.6%
5575-01-00 EQUIPMENT RENTAL - - - - - - - - - 0.0% 0.0%
5578-01-00 TRAVEL 700 700 - - 100 100 70 100 (600) 00/ 70.0%
5580-01-00 ENGINEERING SERVICES 10,000 10,000 7,500 12,855 1,000 1,000 9,135 11,000 (9,000) 75.0% 913.5%
5585-01-00 TELEPHONE SERVICES - - - - - - - - - 0.0% 0.0%
5595-01-00 ADMIN CHARGE-GENERAL FUND 110,388 215,000 125,777 213,607 90,167 90,167 45,342 61,914 (124,833) 58.5% 50.3%
SUNDRY $ 183,838 $ 288,450 $186,036 $ 292,427 $ 172,337 $ 172,337 $127,044 $ 154,264 $ (116,113) 64.5% 73.7%
5615-01-00 FUNCTIONAL GRANT - - - - - - 12,744 12,744 0.0% #DIV/0I
DEBT $ $ $ $ $ $ $ 12,744 $ 12,744 $ 0.0% #DIV/01
TRANSFERS $ $ $ $ $ $ $ - $ - $ 0.0% 0.0%
5800-01-00 LAND 48,100 30,175 47,184 20,887 20,887 (48,100) 62.7% #DIV/01
CAPITAL $ $ 48,100 $ 30,175 $ 47,184 $ $ $ 20,887 $ 20,887 $ (48,100) 62.7% #DIV/0!
TOTAL EXPENDITURES $ 186,938 $ 339,650 $216,211 $ 339,611 $ 175,437 $ 175,437 $165,180 $ 192,995 $ (164,213) 48.7% 63.7%
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM DETAIL
IS:EDC4B FUND
01:ADMINISTRATION
FY14-15
PROPOSED
5101-01-00 SALARIES EDC DIRECTOR POSITION OMITTED.
5107-01-00 OVERTIME EDC DIRECTOR POSITION OMITTED.
5115-01-00 RETIREMENT EDC DIRECTOR POSITION OMITTED.
5117-01-00 FICA EDC DIRECTOR POSITION OMITTED. -
5118-01-00 MEDICAL INSURANCE EDC DIRECTOR POSITION OMITTED.
5120-01-00 LIFE INSURANCE EDC DIRECTOR POSITION OMITTED. - -
5121-01-00 DENTAL INSURANCE EDC DIRECTOR POSITION OMITTED. -
5122-01-00 VISION INSURANCE EDC DIRECTOR POSITION OMITTED.
5220-01-00 UNIFORMS NEW SHIRTS FOR CONVENTIONS/MEETINGS -
5240-01-00 PRINTED SUPPLIES PRINTED MAPS OF ENTIRE CITY - 3,000
EDC COPIES/BROCHURES 3,000
CITY MARKETING FLYERS/AERIAL PHOTOS
CITY NEWSLETTER PRINTING GLOBAL SPLIT 66%EDC/34%CITY
5260-01-00 GENERAL OFFICE SUPPLIES FILES/FOLDERS/PAPER/PENCILS (REDUCED DUE TO CONTRACTING 50 50
OUT EDC DIRECTOR POSITION
5261-01-00 POSTAGE FOR MAIL OUTS/MARKETING PACKAGES (REDUCED DUE TO 50 50
CONTRACTING OUT EDC DIRECTOR POSITION
5280-01-00 MINOR EQUIP/SMALL TOOLS<$5K ADDITIONAL EQUIPMENT ASSOCIATED WITH
PRESENTATIONS/MARKETING (REDUCED DUE TO CONTRACTING OUT
EDC DIRECTOR POSITION
5290-01-00 EXPENDABLE SUPPLIES TOWN CENTER GRAND OPENING
9/11 MEMORIAL -
5440-01-00 OFFICE EQUIP/SOFTWARE MAINT REDUCED DUE TO CONTRACTING OUT EDC DIRECTOR POSITION - -
5501-01-00 ADVERTISING PROMOTIONAL ADVERTISING,LEGAL NOTICES AND BUDGET HEARING 1,200 1,200
AD $1200
5510-01-00 ASSOC DUES/PUBLICATIONS TEXAS ECONOMIC DEVELOPMENT COMMISSION 200 4,020
DUNN&BRADSTREET/HOOVERS SUBSCRIPTION SERVICE -
CITY($1875)&EDC($675)KENNEDALE CHAMBER MEMBERSHIP 2,550
DALLAS CHAMBER($870)&TX MONTHLY ECONOMIC GUIDE AD($0), 1,270
DALLAS CHAMBER MAP ADD $400
5525-01-00 TRAINING/SEMINARS EDC TRAINING THROUGH VARIOUS ASSOCIATIONS BY BOARD 250 250
5565-01-00 LEGAL SERVICES BILLABLE HOURS FOR CITY ATTORNEY ON EDC RELATED PROJECTS 1,000 1,000
LE.,HOTEL OTHER POTENTIAL OPPORTUNITIES
5567-01-00 AUDIT SERVICES PATILLO, BROWN&HILL SERVICES FOR INDEPENDENT ANNUAL AUDIT 2,000 2,000
(FY11/12 $1500, FY12/13 $1500, FY13/14 $2K, FY14/15 $2K, FY15/16
2250
5570-01-00 SPECIAL SERVICES TOWN CENTER CONSULTING FIRM (APPROXIMATELY $5500/MONTH 66,000 72,600
BEGINNING JUL 2014, TO INCLUDE $3500 FOR EDC SERVICES, $2000
FOR CHAMBER SERVICES) - $2000 DIRECT REVENUE OFFSET FROM
CHAMBER EACH MONTH
WEBSITE MAINTENANCE BY CONSULTANT $550/MONTH 6,600
5578-01-00 TRAVEL TRAVEL RELATED TO OTHER EDC TRAINING/SEMINARS BY 100 100
STAFF BOARD
5580-01-00 ENGINEERING TIED TO POTENTIAL ACTIVITIES/PROJECTS I.E.,HOTEL,ETC. 1,000 1,000
5595-01-00 ADMIN CHARGE-GENERAL FUND CHARGE FOR SERVICES PROVIDED BY GENERAL FUND RESOURCES 90,167 90,167
(107.TOTAL REVENUES EXCLUDING INTEREST/TRANSFERS)
TOTAL EXPENDITURES $ 175,437
"EXEMPLIFYING EXCELLENCE"
CITY OFKENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
15:EDC4B FUND
01:ADMINISTRATION
03:DEBT SERVICE
FY13-14 FY13-14 FY13-14 FY13-14 FY14-15 FY14-I5 FY14-15 FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JULY ACTUAL PROPOSED AMENDED YTD JULY ESTIMATE CHANGE YTD% YTD%
5620-01-03 ISSUANCE COSTS 0.0% 0.01/.
5621-01-03 PAYING AGENT FEES 0.0% 0.0%
5643-01-03 2007$1.21M TAX BOND-INTEREST 68,806 68,806 68,766 68,766 65,678 65,678 65,625 65,678 (3,128) 99.91/. 99.91/
5644-01-03 2007$1.21M TAX BOND-PRINCIPAL 45,000 45,000 45,000 45,000 50,000 50,000 50,000 50,000 5,000 100.0% 100.0%
5645-01-03 2011$1.71M TX LEVERAGE-INT 18,210 18,210 16,745 18,210 17,024 17,024 15,651 17,024 (1,186) 92.0% 91.91/
5646-01-03 2011$1.7MTXLEVERAGE-PRI 54,171 46,459 32,911 35,961 54,171 54,171 34,005 37,147 7,712 70.8% 62.8%
DEBT $ 186,187 $ 178,475 $163,423 $ 167,937 $ 186,873 $ 186,873 $165,282 $ 169,849 $ 8,398 91.6% 88.4%
0.0% 0.0%
5702-01-03 TRANSFER OUT-DEBT SERVICE FUND 155,118 155,118 155,119 155,119 153,519 153,519 153,519 153,519 (1,599) 100.0% 100.0%
TRANSFER $ 155,118 $ 155,118 $155,119 $ 155,119 $ 153,519 $ 153,519 $153,519 $ 153,519 $ (1,599) 100.0% 100.0%
TOTAL EXPENDITURES $ 341,305 $ 333,593 $318,542 $ 323,056 $ 340,392 $ 340,392 $318,801 $ 323,368 $ 6,799 95.5% 93.7%
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM DETAIL
15:EDC413 FUND
O1:ADMINISTRATION
03:DEBT SERVICE
FY14-15
PROPOSED
5643-01-03 2007$1.2M TAX BOND-INTEREST DUE 11/O1 32,839 65,678
DUE 05/01 32,839
5644-01-03 2007$1.2M TAX BOND-PRINCIPAL DUE 05/01 50,000 50,000
5645-01-03 2011 $1.7M TX LEVERAGE-INT DUE BY 1ST OF EACH MONTH BEGINS 11/01/2011 17,024 17,024
5646-01-03 2011 $1.7M TX LEVERAGE-PRI DUE BY 1ST OF EACH MONTH BEGINS 11/01/2011 54,171 54,171
5702-01-03 TRANSFER OUT-DEBT SERVICE FUND DUE 11/Ol INTEREST:2010$2.OM CO BOND 36,759 153,519
DUE 05/01 INTEREST:2010$2.OM CO BOND 36,759
DUE 05/01 PRINCIPAL:2010$2,01M CO BOND 80,000
TOTAL EXPENDITURES $ 340,392
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
15:EDC4BFUND
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 JULY ACTUAL PROPOSED AMENDED YTD JULY ESTIMATE CHANGE YTD% YTD%
SUPPLIES $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0%
5403-02-00 BUILDING MAINTENANCE 30,240 30,240 19,044 26,036 23,592 23,592 25,928 28,000 (6,648) 63.0% 109.9%
MAINTENANCE $ 30,240 $ 30,240 $ 19,044 $ 26,036 $ 23,592 $ 23,592 $ 25,928 $ 28,000 $ (6,648) 63.0% 109.9%
5530-02-00 ELECTRIC SERVICES 5,000 5,000 3,754 4,439 5,000 5,000 4,040 5,000 75.1% 80.8%
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%
5570-02-00 SPECIAL SERVICES 15,792 15,792 13,339 16,371 15,792 15,792 13,160 15,792 84.5% 83.3%
SUNDRY $ 29,292 $ 29,292 $ 27,169 $ 30,885 $ 29,292 $ 29,292 $ 23,547 $ 29,292 $ 92.8% 80.4%
TOTAL EXPENDITURES $ 59,532 $ 59,532 $ 46,212 $ 56,922 $ 52,884 $ 52,884 $ 49,475 $ 57,292 $ (6,648) 77.6% 93.6%
EXEMPLIFYING EXCELLENCE'
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM DETAIL
15:EDC413 FUND
02:TOWN SHOPPING CENTER
FY14-15
PROPOSED
5403-02-00 BUILDING MAINTENANCE WATER($350/MONTH) 4,200 23,592
FIRE SPRINKLER-CAM($150/QUARTER) 600
LANDSCAPE/MATERIALS-CAM($1166/MONTH) 13,992
MAINTENANCE-CAM $400/MONTH 4,800
5530-02-00 ELECTRIC SERVICES ELECTRICITY-CAM 51000 5,000
5545-02-00 INSURANCE-PROPERTY COVERAGE THROUGH TEXAS MUNICIPAL LEAGUE (CHICKEN 8,500 8,500
EXPRESS/DOLLAR GENERAL BUILDING ON TML SCHEDULE, ALL OTHER
BUILDINGS CARRIED ON CYPRESS INSURANCE
5570-02-00 SPECIAL SERVICES PROPERTY/ASSET MANAGEMENT($500 PER MONTH) 6,000 15,792
SEP 2013 - AUG 2015: SUBWAY $350, ACE $466 OR $9792 FY13/14 9,792
FY14 15 ANNUAL
TOTAL EXPENDITURES $ 52,884
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
15:EDC4BFUND
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 JULY ACTUAL PROPOSED AMENDED YTD JULY ESTIMATE CHANGE YTD% YTD%
SUNDRY $ - $ $ $ $ - $ - $ $ $ - 0.0% 0.0%
5847-03-00 CONSTRUCTION 30,000 30,000 30,000 30,000 0.0% 0.01/.
CAPITAL $ 30,000 $ $ $ $ 30,000 $ 30,000 $ $ $ 30,0D0 0.0% 0.01/6
$ 30,000 $ $ $ $ 30,000 $ 30,000 $ $ $ 30,000 0.0% 0.0%
EXEMPLIFYING EXCELLENCE'
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM DETAIL
15:EDC46 FUND
03:TOWN CENTER REDEVELOPMENT
FY14-15
PROPOSED
5847-03-00 CONSTRUCTION CHICKEN EXPRESS BUILDING HEALTH INSPECTIONS/ASBESTOS SURVEY 5,000 30,000
CHICKEN EXPRESS TEAR DOWN/DEMOLITION 25,000
TOTAL EXPENDITURES $ 30,000
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM SUMMARY
15:EDC4B 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 JULY ACTUAL PROPOSED AMENDED YTD JULY ESTIMATE CHANGE YTD% YTD
5580-04-00 ENGINEERING SERVICES 15.918 22552 #DIV/OI 141.7%
SUNDRY $ - $ - $ 15,918 $ 22,552 $ - $ - $ - $ - $ - 0.0% 0.0%
DEBT $ $ $ - $ - $ $ $ $ $ 0.0% 0.0%
5800-04-00 LAND 150,000 35,000 12,057 12,057 150,000 150,000 100,000 115,000 #DIV/0! 142.8%
5847-04-00 CONSTRUCTION - - - - - - - - - 0.0% 0.M%
CAPITAL $ 150,000 $ 35,000 $ 12,057 $ 12,057 $ 150,000 $ 150,000 $ $ 100,000 $ 115,000 100.7% 142.8%
$ 150,000 $ 35,000 $ 27,975 $ 34,609 $ 150,000 $ 150,000 $ - $ 100,000 $ 115,000 111.9% 156.6%
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE, TEXAS
ANNUAL PROGRAM OF SERVICES
EXPENDITURE LINE ITEM DETAIL
15:EDC48 FUND
04:TEXAS LEVERAGE PROGRAM
FY14-15
PROPOSED
5800-00-00 LAND HOTEL/QT PROPERTY 150,000 150,000
TOTAL EXPENDITURES $ 150,000
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
FUND SUMMARY BY CATEGORY
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
CATEGORY BUDGET AMENDED YTD JULY ACTUAL PROPOSED AMENDED YTD JULY 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 - 13 16 18 20 20 10 20 20 122.1% 50.0%
TOTAL REVENUES $ - $ 13 $ 16 $ 18 $ 20 $ 20 $ 10 $ 20 $ 20 122.1% 50.0%
CAPITAL 25,000 25,000 - - 25,000 25,000 25,000 - 0.01/. 0.0%
TOTAL EXPENDITURES $ 25,000 $ 25,000 $ - $ - $ 25,000 $ 25,000 $ $ 25,000 $ - 0.0% 0.0%
REVENUES OVER EXPENDITURES $ (25,000) $ (24,987) $ 16 $ 18 $ (24,980) $ (24,980) $ 10 $ (24,980)
ENDING FUND BALANCE $ 13,357 $ 4,424 $ 29,427 $ 29,429 $ 4,451 $ 4,449 $ 29,439 $ 4,449
ADJUSTMENTS
FUND BALANCE AS%OF EXP 53.4% 17.7% N/A N/A 17.8% 17.8% N/A 17.8%
RESERVE(NO REQUIREMENT) $ - $ - $ - $ - $ - $ - $ - $ -
RESERVE SURPLUS/(SHORTFALL) $ 13,357 $ 4,424 $ 29,427 $ 29,429 $ 4,451 $ 4,449 $ 29,439_$ 4 449
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
REVENUE/EXPENDITURE LINE ITEM SUMMARY
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
ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JULY ACTUAL PROPOSED AMENDED YTD JULY ESTIMATE CHANGE YTD% YTD
4401-00-00 INVESTMENT INCOME 16 18 20 20 10 20 20 #DIV/0! 50.0%
INVESTMENT EARNINGS $ $ $ 16 $ 18 $ 20 $ 20 $ 10 $ 20 $ 20 #DIV/0! 50.0%
TRANSFERS $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0%
TOTALREVENUES $ $ $ 16 $ 18 $ 20 $ 20 $ 10 S 20 $ (250) #DIV/0! 50.0%
19:EDC4B 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 JULY ACTUAL PROPOSED AMENDED YTD JULY ESTIMATE CHANGE YTD% YTD%
MAINTENANCE $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0
SUNDRY $ $ $ $ $ $ $ $ $ 0.0% 0.0%
5847-01-CO CONSTRUCTION 25,000 25,000 25,000 25,000 25,000 0.01/ 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 $ - 0.0% 0.0%
EXEMPLIFYING EXCELLENCE'
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
REVENUE/EXPENDITURE LINE ITEM DETAIL
19:EDC4B CAPITAL BOND FUND
FY14-15
PROPOSED
4401-00-00 INVESTMENT INCOME EARNING BASED UPON AVERAGE BALANCE/INTEREST RATES 20 20
TOTAL REVENUES $ 20
19:EDC413 CAPITAL BOND FUND
01:TOWN CENTER REDEVELOPMENT
FY14-15
PROPOSED
5847-01-00 CONSTRUCTION WATER TANK IN TOWNCENTER 25,000 25,000
TOTAL EXPENDITURES $ 25,000
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
FUND SUMMARY BY CATEGORY
95:EDC413 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 JULY ACTUAL PROPOSED AMENDED YTD JULY ESTIMATE CHANGE YTD% YTD%
BEGINNING FUND BALANCE $ 119,914 $ 119,903 $ 119,903 $ 119,903 $ 119,919 $ 119,922 $ 119,922 $ 119,922
INVESTMENT EARNINGS 52 52 8 19 16 16 12 35 (36) 15.1% 72.1%
TOTAL REVENUES $ 52 $ 52 $ 8 $ 19 $ 16 $ 16 $ 12 $ 35 $ (36) 15.1% 72.1%
TOTAL EXPENDITURES $ - $ - $ - $ - $ - $ - $ - $ S 0.0% 0.0%
REVENUES OVER EXPENDITURES $ 52 $ 52 $ 8 $ 19 $ 16 $ 16 $ 12 $ 35
ENDING FUND BALANCE $ 119,966 $ 119,955 $ 119,911 $ 119,922 $ 119,935 $ 119,938 $ 119,933 $ 119,957
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) $ 7,360 $ 7,349 $ 7,305 $ 7,316 $ 7,329 $ 7,332 $ 7,327 $ 7,351
EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
REVENUE/EXPENDITURE LINE ITEM SUMMARY
95:EDC4B RESERVE FUND
FY13-14 FYI 3-14 FYI 3-14 FYI 3-14 FY14-15 FY14-15 FY14-15 FY14-15 CY-PY FY13-14 FY14-15
ACCOUNT ACCOUNT NAME BUDGET AMENDED YTD JULY ACTUAL PROPOSED AMENDED YTD JULY ESTIMATE CHANGE YTD% YTD%
4401-00-00 INVESTMENT INCOME 52 52 15 19 16 16 29 35 (36) 28.3% 181.3%
INVESTMENT EARNINGS $ 52 $ 52 $ 15 $ 19 $ 16 $ 16 $ 29 $ 35 $ (36) 28.3% 181.3%
OTHER AGENCY $ - $ - $ - $ - $ - $ - $ - $ - $ - 0.0% 0.0%
TOTAL REVENUES $ 52 $ 52 $ 15 $ 19 $ 16 $ 16 $ 29 $ 35 $ (36) 28.3% 181.3%
95:EDC413 RESERVE FUND
FYI 3-14 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 JULY ACTUAL PROPOSED AMENDED YTD JULY ESTIMATE CHANGE YTD% YTD%
TRANSFERS $ $ $ $ $ $ - $ $ $ 0.0% 0.0%
TOTAL EXPENDITURES $ $ $ $ $ $ - $ $ $ 0.0% 0.0%
"EXEMPLIFYING EXCELLENCE"
CITY OF KENNEDALE,TEXAS
ANNUAL PROGRAM OF SERVICES
REVENUE/EXPENDITURE LINE ITEM DETAIL
95:EDC413 RESERVE FUND
FY14-15
PROPOSED
4401-00-00 INVESTMENT INCOME EARNING BASED UPON AVERAGE BALANCE/INTEREST RATES 16 16
TOTALREVENUES $ 16
FY14-15
PROPOSED
5715-00-00 TRANSFER OUT-EDCB FUND -
TOTAL EXPENDITURES $
'EXEMPLIFYING EXCELLENCE'
Economic Development Corporation Sales Tax Revenue
Three Year History
$60,000
$55,000
$50,000
$45,000
$40,000
$35,000
$30,000 —
r
$25,000
$20,000
$15,000
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
2012-13 ACTUAL 12013-14 ACTUAL --A--2014-15 ACTUAL
Economic Development Corporation Sales Tax Revenue
Monthly History
$60,000
$55,000
$50,000
$45,000
$40,000
$35,000
$30,000 - I/A\
$25,000
4s
$20,000
$15,000
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
+2013-14 ACTUAL --2014-15 ACTUAL
ic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: August 25, 2015
Agenda Item No: REGULAR ITEMS - B.
I. Subject:
Update on the International Council of Shopping Centers (ICSC) Conference Attendance
II. Originated by:
III. Summary:
Executive Director Bob Hart will provide an update for the conference.
IV. Recommendation:
None
V. Alternative Actions:
VI. Attachments:
ic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: August 25, 2015
Agenda Item No: STAFF ANNOUNCEMENTS/REPORTS - A.
I. Subject:
Village Creek
B. Sidewalk Project
C. TownCenter
D. TI RZ Report
E. Chamber Report
II. Originated by:
Bob Hart
III. Summary:
The Director will provide an update on these items.
• Village Creek
• Sidewalk Project
• TownCenter
• TIRZ Report
• Chamber Report
IV. Recommendation:
None
V. Alternative Actions:
VI. Attachments:
ic
KENNEDALE
Kennedale Economic
Development Corporation
www.cityofkennedale.com
STAFF REPORT TO THE BOARD OF DIRECTORS
Date: August 25, 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. Industrial Prospects for Bloxom Park
2. 1298 W. Kennedale Parkway Business Incentives
3. 5913 Kennedale Road
4. 5409 Kennedale Road
5. 580 Corry A. Edwards Drive
6. 1200 Block Bowman Springs Road
7. 6900 Block Kennedale Parkway
8. Red's Roadhouse Status
9. 516 Corry A. Edwards Drive
10. 705 Kennedale Parkway
II. Originated by:
Bob Hart
III. Summary:
These items will be discussed during the Executive Session.
• Industrial Prospects for Bloxom Park
• 1298 W. Kennedale Parkway Business Incentives
• 5913 Kennedale Road
• 5409 Kennedale Road
• 580 Corry A. Edwards Drive
• 1200 Block Bowman Springs Road
• 6900 Block Kennedale Parkway
• Red's Roadhouse Status
• 516 Corry A. Edwards Drive
• 705 Kennedale Parkway
IV. Recommendation:
V. Alternative Actions:
VI. Attachments: