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2016_01.26 EDC Packet
ic KENNEDALE Kennedale Economic Development Corporation www.cityofkennedale.com ECONOMIC DEVELOPMENT CORPORATION AGENDA BOARD OF DIRECTORS - REGULAR MEETING January 26, 2016 CITY COUNCIL CHAMBERS, 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 November 17, 2015 regular meeting IV. REGULAR ITEMS A. Review and accept the KEDC Financial Report for November and December 2015. V. STAFF ANNOUNCEMENTS/REPORTS A. Village Creek B. TownCenter C. 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. 1200 Block Bowman Springs Road 2. 6900 Block Kennedale Parkway 3. 5400 and 5404 Kennedale Road 4. 5401 High Ridge Road 5. TownCenter Building Pad 5 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 January 26, 2016, 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 816cretary 405 Municipal Drive, Kennedale, TX 76060 1 Telephone: 817.985.2102 1 Fax: 817-478-7169 ic KENNEDALE Kennedale Economic Development Corporation www.cityofkennedale.com STAFF REPORT TO THE BOARD OF DIRECTORS Date: January 26, 2016 Agenda Item No: MINUTES APPROVAL - A. I. Subject: Consider approval of the minutes from the November 17, 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 - November 17, 2015 11-17-15.pdf _jc KENNEDALE Kennedale Economic Development www.ci yofi(enn Corporation rn ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS - REGULAR MEETING MINUTES November 17, 2015 I. CALL TO ORDER President Mundy called the meeting to order at 7:07 p.m. II. ROLL CALL Present: Michael Johnson, Mark Yeary, Pat Turner, Robert Mundy, Rebecca Mowell, Adrienne Kay Absent: Ronald Whitley III. MINUTES APPROVAL A. Consider approval of the minutes from the October 27, 2015 regular meeting Motion To approve the October 27, 2015 regular meeting minutes. Action Approve, Moved By Rebecca Mowell, Seconded By Mark Yeary. Motion passed Unanimously IV. REGULAR ITEMS A. Review and accept the KEDC Financial Report for October 2015. Finance Director, Krystal Crump provided a brief overview of the October 2015 Finance Report for the Economic Development Corporation. Motion To approve the August 2015 Economic Development Corporation Financial Fbport and budget amendments with corrections to the fund balance. Action Approve, Moved lay Mark Yeary, Seconded lay Mike Johnson. Motion passed Unanimously V. STAFF ANNOUNCEMENTS/REPORTS A. Village Creek B. TownCenter C. ICSC Meeting D. Chamber Report Director Bob Hart provided Board members with promotional literature from Hughes Commercial Real Estate & Development for TownCenter, noting that things were going very well. He added that a lease has been signed for a new dental office, which will open in February; Chicken Express has signed the lease for their new building; and Utopia Fitness still plans to open a branch at TownCenter. Bob concluded, stating that there were no new developments for Village Creek at this time. Board members discussed the timeline for the new buildings and parking issues. President Mundy informed the Board that he observed potential draining issues with the roof on the original building at TownCenter. Staff will pull files to see what type of warranty exist for the most recent roof repairs. Jack Thompson, Orasi Development stated that he attended the International Council of Shopping Centers (ICSC) Conference in Dallas, along with Craig Hughes, Hughes Commercial Real Estate and Development. He added that the conference had 3900 registered participants, and that they received several solid leads which they plan to pursue. Jack provided a Chamber update stating that Mayor Johnson spoke on U.S. Presidents at the November Chamber luncheon; he informed the group that they will not have a luncheon in December. Jack added that the Chamber's annual golf tournament had a record year; that they will be participating in the December Toy Drive with the Kennedale Fire Department; and that they have opened an online Chamber Store, VI. EXECUTIVE SESSION President Mundy recessed into executive session at 7:37 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. 1200 Block Bowman Springs Road 2. 6900 Block Kennedale Parkway 3. 5400 and 5404 Kennedale Road 4. 5401 High Ridge Road 5. 5409 Kennedale Road VII. RECONVENE INTO OPEN SESSION, AND TAKE ACTION NECESSARY PURSUANT TO EXECUTIVE SESSION, IF NEEDED President Mundy reconvened into open session at 8:07 p.m. No action was necessary pursuant to the Executive Session. The December meeting will be held on December 15, 2015, if deemed necessary. VIII. ADJOURNMENT The meeting was adjourned at 8:10 p.m. Motion To Adjourn. Action Adjourn, Moved By Mark Yeary, Seconded By Adrienne Kay. 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: January 26, 2016 Agenda Item No: REGULAR ITEMS - A. I. Subject: Review and accept the KEDC Financial Report for November and December 2015. II. Originated by: Finance Director, Director of Finance & IT Bob Hart III. Summary: Finance Director, Krystal Crump will provide an overview of the November and December 2015 Kennedale Economic Development Corporation Financial Report. IV. Recommendation: Approve V. Alternative Actions: VI. Attachments: 1. INovember Financials INovember Financials. df P. December Financials P015 12 Monthly Financials. df CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS EDC CASH POSITION FY14-15 FY15-16 CURRENT FY15-16 CATEGORY ACTUAL PROPOSED MONTH YTD BEGINNING CASH BALANCE-FUND 15 $ 177,198 $ 90,295 $ 39,030 $ 90,295 BEGINNING TEXPOOL BALANCE-FUND 15 $ 19 $ 19 $ 19 $ 19 BEGINNING TEXPOOL BALANCE-FUND 19 $ 29,429 $ 29,444 $ 29,447 $ 29,444 BEGINNING CASH BALANCE-FUND 95 $ 119,922 $ 119,962 $ 119,966 $ 119,962 AD VALOREM TAXES 38,075 48,062 1,573 1,966 SALES/BEVERAGE TAXES 457,222 350,000 157 314 INVESTMENT EARNINGS 112 80 9 18 MISCELLANEOUS INCOME 57,546 384,120 3,339 3,389 SURPLUS SALES/RENTALS 97,515 129,774 38,661 48,326 TOTAL REVENUES $ 650,469 $ 912,036 $ 43,739 $ 54,013 SUPPLIES 4,625 3,100 - - MAINTENANCE 25,928 23,592 1,945 1,945 SUNDRY 202,706 210,258 12,977 25,964 DEBT 169,796 166,374 9,029 44,576 TRANSFERS 153,519 153,519 - 35,959 CAPITAL 122,078 155,000 - - TOTAL EXPENDITURES $ 678,653 $ 711,842 $ 23,951 $ 108,445 CHANGE IN CASH DURING PERIOD $ (86,848) $ 200,166 $ 47,876 $ (3,382) ENDING CASH BALANCE-FUND 15 $ 90,295 $ 315,449 $ 86,899 $ 86,899 ENDING TEXPOOL BALANCE-FUND 15 $ 19 $ 19 $ 19 $ 19 ENDING TEXPOOL BALANCE-FUND 19 $ 29,444 $ 4,456 $ 29,449 $ 29,449 ENDING CASH BALANCE-FUND 95 $ 119,962 $ 119,962 $ 119,970 $ 119,970 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS ALL EDC FUNDS FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY- PY %OF BUDGET BUDGET CATEGORY YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING BEGINNING FUND BALANCE $ 376,091 $ 376,091 $ 258,442 $ 273,687 $ 347,907 AD VALOREM TAXES 393 38,075 48,062 1,573 1,966 0 4.1% 46,096 SALES/BEVERAGE TAXES 197 457,222 350,000 157 314 15,209 0.1% 349,686 INVESTMENT EARNINGS 11 112 80 9 18 40 22.7% 62 MISCELLANEOUS INCOME 6,312 57,546 384,120 3,339 3,389 - 0.9% 380,731 SURPLUS SALES/RENTALS 9,665 97,515 129,774 38,661 48,326 (4,918) 37.2% 81,448 TOTAL REVENUES $ 16,578 $ 650,469 $ 912,036 $ 43,739 $ 54,013 $ 10,331 5.9% $ 858,023 SUPPLIES - 4,625 3,100 - - - 0.0% 3,100 MAINTENANCE 5,481 25,928 23,592 1,945 1,945 8.2% 21,647 SUNDRY 22,559 202,706 210,258 12,977 25,964 (19,764) 12.3% 184,294 DEBT 41,815 169,796 166,374 9,029 44,576 (3,475) 26.8% 121,798 TRANSFERS 36,759 153,519 153,519 - 35,959 (0) 23.4% 117,559 CAPITAL (3,264) 122,078 155,000 - - (887) 0.0% 155,000 TOTAL EXPENDITURES $ 103,350 $ 678,653 $ 711,842 $ 23,951 $ 108,445 $ (24,127) 15.2% $ 603,397 REVENUES OVER EXPENDITURES $ (86,772) $ (28,184) $ 200,194 $ 19,788 $ (54,432) ENDING FUND BALANCE $ 289,319 $ 347,907 $ 458,635 $ 293,475 $ 293,475 ADJUSTMENTS FUND BALANCE AS%OF EXP 279.9% 51.3% 64.4% 1225.3% 270.6% RESERVE(NO REQUIREMENT) $ - $ - $ - $ - $ - RESERVE SURPLUS/(SHORTFALL) $ 289,319 $ 347,907 $ 458,635 $ 293,475 $ 293,475 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15:EDC4B FUND FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY % BUDGET BUDGET INCOME STATEMENT YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING OPERATING REVENUES 16,567 650,357 911,956 43,730 53,995 10,291 5.9% 857,961 OPERATING EXPENDITURES (66,591) (525,134) (533,324) (23,951) (72,486) 24,126 13.6% (460,838) OPERATING INCOME/(LOSS) (50,023) 125,223 378,633 19,779 (18,490) 34,418 NONOPERATING REVENUES/(EXPENSES) INTEREST EARNINGS 6 57 40 2 4 36 10.7% 36 (TRANSFER OUT) (36,759) (153,519) (153,519) - (35,959) 0 23.4% (117,559) NET OPERATING INCOME/(LOSS) (86,776) (28,239) 225,154 19,781 (54,446) 34,454 BEGINNING FUND BALANCE $226,740 $226,740 $ 109,049 $124,275 $198,501 ENDING FUND BALANCE(EXCLUDING OTHER FUNDS) $139,963 $198,501 $ 334,203 $144,056 $144,056 95:EDC413 RESERVE FUND $ 119,938 $ 119,977 $ 119,977 $ 119,970 $ 119,970 19:EDC413 CAPITAL BOND FUND $ 54,449 $ 4,456 $ 4,456 $ 29,449 $ 29,449 ENDING FUND BALANCE(INCLUDING OTHER FUNDS) $314,350 $322,934 $ 458,635 $293,475 $293,475 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15:EDC411 FUND FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY- PY OF BUDGET BUDGET CATEGORY YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING BEGINNING FUND BALANCE $ 226,740 $ 226,740 $ 109,049 $ 124,275 $ 198,501 AD VALOREM TAXES 393 38,075 48,062 1,573 1,966 0 4.1% 46,096 SALES/BEVERAGE TAXES 197 457,222 350,000 157 314 15,209 0.1% 349,686 INVESTMENT EARNINGS 6 57 40 2 4 36 10.7% 36 MISCELLANEOUS INCOME 6,312 57,546 384,120 3,339 3,389 - 0.9% 380,731 SURPLUS SALES/RENTALS 9,665 97,515 129,774 38,661 48,326 (4,918) 37.2% 81,448 TOTAL REVENUES $ 16,574 $ 650,414 $ 911,996 $ 43,732 $ 53,999 $ 10,327 5.97. $ 857,997 SUPPLIES - 4,625 3,100 - - - 0.0% 3,100 MAINTENANCE 5,481 25,928 23,592 1,945 1,945 8.2% 21,647 SUNDRY 22,559 202,706 210,258 12,977 25,964 (19,764) 12.3% 184,294 DEBT 41,815 169,796 166,374 9,029 44,576 (3,475) 26.8% 121,798 TRANSFERS 36,759 153,519 153,519 - 35,959 (0) 23.4% 117,559 CAPITAL (3,264) 122,078 130,000 - - (887) 0.0% 130,000 TOTAL EXPENDITURES $ 103,350 $ 678,653 $ 686,842 $ 23,951 $ 108,445 $ (24,127) 15.87. $ 578,397 REVENUES OVER EXPENDITURES $ (86,776) $ (28,239) $ 225,154 $ 19,781 $ (54,446) ENDING FUND BALANCE $ 139,963 $ 198,501 $ 334,203 $ 144,056 $ 144,056 ADJUSTMENTS FUND BALANCE AS%OF EXP 135.4% 29.27. 48.7% 601.57. 132.8% RESERVE(NO REQUIREMENT) $ - $ - $ - $ - $ - RESERVE SURPLUS/(SHORTFALL) $ 139,963 $ 198,501 $ 334,203 $ 144,056 $ 144,056 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15:EDC4B FUND FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY OF BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING 4002-00-00 MMD TAX-CURRENT YEAR 393 38,075 48,062 1,573 1,966 0 4.1% 46,096 AD VALOREM TAXES $ 393 $ 38,075 $ 48,062 $ 1,573 $ 1,966 $ 0 4.1% $ 46,096 4081-00-00 SALES TAX 197 457,222 350,000 157 314 15,209 0.1% 349,686 SALES/BEVERAGE TAXES $ 197 $457,222 $ 350,000 $ 157 $ 314 $ 15,209 0.1% $ 349,686 4401-00-00 INVESTMENT INCOME 6 57 40 2 4 36 10.7% 36 INVESTMENT EARNINGS $ 6 $ 57 $ 40 $ 2 $ 4 $ 36 10.77. $ 36 4409-00-00 MISCELLANEOUS INCOME 6,312 57,546 384,120 3,339 3,389 - 0.9% 380,731 MISCELLANEOUS INCOME $ 6,312 $ 57,546 $ 384,120 $ 3,339 $ 3,389 $ 0.97. $ 380,731 4805-00-00 RENTAL FEES-SHOPPING CENTER 9,641 97,271 121,274 38,412 48,015 (4,918) 39.6% 73,259 4806-00-00 RENTAL INSURANCE 24 244 8,500 248 311 3.7% 8,189 SURPLUS SALES/RENTALS $ 9,665 $ 97,515 $ 129,774 $ 38,661 $ 48,326 $ (4,918) 37.2% $ 81,448 TRANSFERS $ - $ - $ $ - $ - $ - 0.0% $ TOTAL REVENUES $ 16,574 $650,414 $ 911,996 $ 43,732 $ 53,999 $ 10,327 5.9% $ 857,997 TOTAL REVENUES(EXCLUDING INTEREST/TRANSFERS) $ 16,567 $650,357 $ 911,956 $ 43,730 $ 53,995 $ 10,291 10%ADMIN CHARGE-GENERAL FUND 1,657 65,036 91,196 4,373 5,400 1,029 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15: EDC413 FUND FY15-16 PROPOSED 4002-00-00 MMD TAX-CURRENT YEAR BASED ON FY13/14 ASSESSED VALUEOF 48,062 $2,783,693 AND TOTAL TAX 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 4081-00-00 SALES TAX GENERALLY BUDGET BASED ON PRIOR 350,000 350,000 3 YEARS OF HISTORY 4401-00-00 INVESTMENT INCOME EARNING BASED UPON AVERAGE 40 40 BALANCE/INTEREST RATE: 4409-00-00 MISCELLANEOUS INCOME SALE OF 1121 WEST KENNEDALE 360,000 384,120 PARKWAY (APACHE/NACHO/FOX/WHEELER/HUN DE PURCHASED FY09/10) - 3RD PADSITE,4TH PADSITE REMAININC MONTHLY FEE FROM CHAMBER FOR 24,000 SERVICES ($2000 MONTH) MONTHLY FEE FROM CHAMBER PER 120 RENTALAGREEMENT($10 MONTH) PLUS 100 DEPOSIT 4411-00-00 TX LEVERAGE PROG REIMBURSEMENTS PRINCIPAL & INTEREST PAYMENTS - RECEIVED FROM GROVER TO REIMBURSE THE STATE EDC FOR $1.7M LOAN 4805-00-00 RENTAL FEES-SHOPPING CENTER CHICKEN EXPRESS ($2518 MONTH, 22,662 121,274 RELOCATION JUL 2013, LEASE EXPIRES 05/31/17,GOES TO$0 UPON MOVE) DOLLAR GENERAL ($4719 MONTH, 56,628 LEASE EXPIRES 07131117, 2% MANAGEMENT FEE FOR AT RENEWA BUILDING ONE VACANT ($8400 - MONTH, LEASE EXPIRES 05/31/16, 2% MANAGEMENT FEE FOR AT RENEWAL) PREPAID TENANT FEES RECEIVED BUT 41,984 CORRESPONDING OFFSET OCCURS WHEN BOOKED AGAINST CAM EXPENSES (EXCLUDES RENTAL INSURANCE CAM 4806-00-00 RENTAL INSURANCE RENTAL CAM COLLECTED ON LEASE 8,500 8,500 AGREEMENTS AND THEN USED TO PAY TML INSURANCE (OFFSETTING EXPENSE UNDER TOWN SHOPPING CENTER) TOTAL REVENUES $ 911,996 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15:EDC4B FUND 01:ADMINISTRATION FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY %OF BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING PERSONNEL $ $ - $ - $ - $ - $ - 0.0% $ 5240-01-00 PRINTED SUPPLIES 4,505 3,000 0.0% 3,000 5260-01-00 GENERAL OFFICE SUPPLIES - 50 0.0% 50 5261-01-00 POSTAGE 120 50 0.0% 50 SUPPLIES $ $ 4,625 $ 3,100 $ $ $ 0.076 $ 3,100 MAINTENANCE $ $ $ $ $ $ 0.07o $ 5501-01-00 ADVERTISING 359 1,200 0.0% 1,200 5510-01-00 ASSOC DUES/PUBLICATIONS 4,755 4,020 295 295 7.3% 3,725 5525-01-00 TRAINING/SEMINARS - 250 - - 0.0% 250 5565-01-00 LEGAL SERVICES 9,700 1,000 (8,700) 0.0% 1,000 5567-01-00 AUDIT SERVICES 2,000 2,000 0.0% 2,000 5570-01-00 SPECIAL SERVICES 12,100 82,708 72,600 6,250 12,300 (15,000) 16.9% 60,300 5578-01-00 TRAVEL - 70 100 - - 0.0% 100 5580-01-00 ENGINEERING SERVICES - 17,038 1,000 - - (10,000) 0.0% 1,000 5595-01-00 ADMIN CHARGE-GENERAL FUND 1,657 60,557 91,196 3,367 3,367 6,336 3.7% 87,829 SUNDRY $ 13,757 $ 177,187 $ 173,366 $ 9,912 $ 15,962 $ (27,364) 9.2% $ 157,404 5615-01-00 FUNCTIONAL GRANT - 39,097 - - - (37,744) 0.0% - DEBT $ $ 39,097 $ $ $ $ (37,744) 0.0% $ TRANSFERS $ $ - $ $ $ $ - 0.07o $ 5800-01-00 LAND (3,264) 20,887 (20,887) 0.0% CAPITAL $ (3,264) $ 20,887 $ $ $ $ (20,887) 0.07o $ TOTAL EXPENDITURES $ 10,492 $ 241,795 $ 176,466 $ 9,912 $ 15,962 $ (85,995) 9.076 $ 160,504 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15: EDC4B FUND 01:ADMINISTRATION FY15-16 PROPOSED 5240-01-00 PRINTED SUPPLIES PRINTED MAPS OF ENTIRE CITY - 3,000 EDC COPIES/BROCHURES 3,000 CITY MARKETING FLYERS/AERIAL PHOTOS - 5260-01-00 GENERAL OFFICE SUPPLIES FILES/FOLDERS/PAPER/PENCILS 50 50 5261-01-00 POSTAGE FOR MAIL OUTS/MARKETING PACKAGES 50 50 5280-01-00 MINOR EQUIP/SMALLTOOLS<$5K ADDITIONAL EQUIPMENT ASSOCIATED WITH - PRESENTATIONS/MARKETING 5290-01-00 EXPENDABLE SUPPLIES TOWN CENTER GRAND OPENING 9/11 MEMORIAL 5440-01-00 OFFICE EQUIP/SOFTWARE MAINT - - 5501-01-00 ADVERTISING PROMOTIONAL ADVERTISING, LEGAL NOTICES 1,200 1,200 AND BUDGET HEARING AD 1200 5510-01-00 ASSOC DUES/PUBLICATIONS TEXAS ECONOMIC DEVELOPMENT 200 4,020 COMMISSION CITY($1875) &EDC ($675) KENNEDALE 2,550 CHAMBER MEMBERSHIP DALLAS CHAMBER ($870) & TX MONTHLY 1,270 ECONOMIC GUIDE AD ($0), DALLAS CHAMBER MAP ADD 400 5525-01-00 TRAINING/SEMINARS EDC TRAINING THROUGH VARIOUS 250 250 ASSOCIATIONS BY BOARC 5565-01-00 LEGAL SERVICES BILLABLE HOURS FOR CITY ATTORNEY ON EDC 1,000 1,000 RELATED PROJECTS (I.E., HOTEL, OTHER POTENTIAL OPPORTUNITIES' 5567-01-00 AUDIT SERVICES PATILLO, BROWN & HILL SERVICES FOR 2,000 2,000 INDEPENDENT ANNUAL AUDIT (FYI 1/12 $1500, FY12/13 $1500, FY13/14 $2K, FY14/15 $2K, FY15 16 2250 5570-01-00 SPECIAL SERVICES TOW N CENTER CONSULTING FIRM 66,000 72,600 (APPROXIMATELY $5500/MONTH BEGINNING JUL 2014, TO INCLUDE $3500 FOR EDC SERVICES, $2000 FOR CHAMBER SERVICES) - $2000 DIRECT REVENUE OFFSET FROM CHAMBER EACH MONTH CONTRACT WITH MUNISERVICES FOR SALES TAX AUDIT SERVICES, 35% CONTINGENCY IF REALLOCATIONS ARE UNCOVERED DUE TO REPORTING ERRORS (APPLIES TO FIRST 8 CONSECUTIVE REPORTING QUARTERS FOLLOWING CORRECTION, SHARED 75% CITY/%25 EDC) WEBSITE MAINTENANCE BY CONSULTANT 6,600 550/MONTH 5575-01-00 EQUIPMENT RENTAL - 5578-01-00 TRAVEL TRAVEL RELATED TO OTHER EDC 100 100 TRAINING/SEMINARS BY STAFF/BOARS 5580-01-00 ENGINEERING TIED TO POTENTIAL ACTIVITIES/PROJECTS (I.E., 1,000 1,000 HOTEL ETC. 5585-01-00 TELEPHONE SERVICES - - 5595-01-00 ADMIN CHARGE-GENERAL FUND CHARGE FOR SERVICES PROVIDED BY 91,196 91,196 GENERAL FUND RESOURCES (10% TOTAL REVENUES EXCLUDING INTEREST RANSFERS 5615-01-00 FUNCTIONAL GRANT - 5701-01-00 TRANSFER OUT-GENERAL FUND 5800-01-00 LAND TOTAL EXPENDITURES $ 176,466 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15:EDC413 FUND 01:ADMINISTRATION 03:DEBT SERVICE FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY OF BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING 5643-01-03 2007$1.2M TAX BOND-INTEREST 32,787 65,625 62,203 31,034 (3,475) 49.9% 31,169 5644-01-03 2007$1.2M TAX BOND-PRINCIPAL - 50,000 50,000 - 0.0% 50,000 5645-01-03 2011 $1.7M TX LEVERAGE-INT 2,921 17,024 15,798 2,702 3,962 (1,226) 25.1% 11,836 5646-01-03 2011 $1.7M TX LEVERAGE-PRI 6,108 37,147 38,373 6,326 9,581 1,226 25.0% 28,792 DEBT $ 41,815 $169,796 $ 166,374 $ 9,029 $ 44,576 $ (3,475) 26.87. $ 121,798 5702-01-03 TRANSFER OUT-DEBT SERVICE FUND 36,759 153,519 153,519 - 35,959 (0) 23.4% 117,559 TRANSFER $ 36,759 $153,519 $ 153,519 $ - $ 35,959 $ (0) 23.47. $ 117,559 TOTAL EXPENDITURES $ 78,575 $323,315 $ 319,893 $ 9,029 $ 80,536 $ (3,475) 25.27. $ 239,357 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15: EDC413 FUND O1:ADMINISTRATION 03: DEBT SERVICE FY15-16 PROPOSED 5620-01-03 ISSUANCE COSTS AGENT FEES TO HANDLE BOND AMORTIZATIONS 5621-01-03 PAYING AGENT FEES FEES RELATED TO THE ACQUISITION OF NEW DEBT (BANK/BOND ATTORNEY/FINANCIAL ADVISOR). BANK IS PAYING AGENT IN PRIVATE PLACEMENT AND GENERALLY DOES NOT CHARGE. 5643-01-03 2007$1.2M TAX BOND-INTEREST DUE 11/01 31,102 62,203 DU E 05/01 31,102 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 15,798 15,798 11/01/2011 5646-01-03 2011 $1.7M TX LEVERAGE-PRI DUE BY 1ST OF EACH MONTH (BEGINS 38,373 38,373 11/01/2011 5702-01-03 TRANSFER OUT-DEBT SERVICE FUND DUE 1 1/01 INTEREST 2010 $2.OM CO 36,759 153,519 BOND DUE 05/01 INTEREST 2010 $2.OM CO 36,759 BOND DUE 05/01 PRINCIPAL : 2010 $2.OM CO 80,000 BOND TOTAL EXPENDITURES $ 319,893 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15:EDC4B FUND 02:TOWN SHOPPING CENTER FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY OF BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING SUPPLIES $ - $ - $ . $ - $ - $ - 0.0% $ 5403-02-00 BUILDING MAINTENANCE 5,481 25,928 23,592 1,945 1,945 8.2% 21,647 MAINTENANCE $ 5,481 $ 25,928 $ 23,592 $ 1,945 $ 1,945 $ 8.27o $ 21,647 5530-02-00 ELECTRIC SERVICES 323 4,380 5,000 1,249 1,249 25.0% 3,751 5545-02-00 INSURANCE-PROPERTY 6,347 6,347 8,500 - 6,121 72.0% 2,379 5570-02-00 SPECIAL SERVICES 2,132 14,792 13,392 1,816 2,632 19.7% 10,760 SUNDRY $ 8,802 $ 25,519 $ 26,892 $ 3,065 $ 10,002 $ 37.27o $ 16,890 TOTAL EXPENDITURES $ 14,283 $ 51,447 $ 50,484 $ 5,010 $ 11,947 $ 23.77o $ 38,537 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15: EDC413 FUND 02:TOWN SHOPPING CENTER FY15-16 PROPOSED 5403-02-00 BUILDING MAINTENANCE WATER ($350/MONTH) 4,200 23,592 FIRE SPRINKLER-CAM ($150/QUARTER) 600 LANDSCAPE/MATERIALS-CAM ($1 166/MONTH) 13,992 MAINTENANCE-CAM ($400/MONTH) 4,800 5530-02-00 ELECTRIC SERVICES ELECTRICITY-CAM 5,000 5,000 5545-02-00 INSURANCE-PROPERTY COVERAGE THROUGH TEXAS 8,500 8,500 MUNICIPAL LEAGUE (CHICKEN EXPRESS/DOLLAR GENERAL BUILDING ON TML SCHEDULE, ALL OTHER BUILDINGS CARRIED ON CYPRESS 5570-02-00 SPECIAL SERVICES PROPERTY/ASSET MANAGEMENT ($500 6,000 13,392 PER MONTH) SEP 2015 - FEB 2017:SUBWAY$150,ACE 7,392 $466 OR $7392 FY 15/16 - FY 16/17 ANNUAL MAR 2017-AUG 2018:SUBWAY$150 OR - 1800 FY17 18 ANNUAL TOTAL EXPENDITURES $ 50,484 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15:EDC4B FUND 03:TOWN CENTER REDEVELOPMENT FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY %OF BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING 5580-03-00 ENGINEERING SERVICES 10,000 10,000 0.0% 10,000 SUNDRY $ $ $ 10,000 $ $ $ 10,000 0.0% $ 10,000 5847-03-00 CONSTRUCTION 80,000 80,000 0.0% 80,000 CAPITAL $ $ $ 80,000 $ $ $ 80,000 0.0% $ 80,000 $ $ $ 90,000 $ $ $ 90,000 0.0% $ 90,000 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15: EDC413 FUND 03:TOWN CENTER REDEVELOPMENT FY15-16 PROPOSED 5580-03-00 ENGINEERING SERVICES PARKING LOT MODIFICATION 10,000 10,000 5847-03-00 CONSTRUCTION CHICKEN EXPRESS BUILDING HEALTH 5,000 80,000 INSPECTIONS/ASBESTOS SURVEY CHICKEN EXPRESS TEAR DOWN/DEMOLITION 25,000 CHICKEN EXPRESS PARKING LOT MODIFICATION 50,000 TOTAL EXPENDITURES :,1 90,000 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15:EDC4B FUND 04:TEXAS LEVERAGE PROGRAM FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY- PY % BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING SUNDRY $ $ $ $ $ $ 0.0% $ DEBT $ $ $ $ $ $ 0.0% $ 5800-04-00 LAND 101,192 50,000 (60,000) 0.0% 50,000 CAPITAL $ $ 101,192 $ 50,000 $ $ $ (60,000) 0.07. $ 50,000 $ $ 101,192 $ 50,000 $ $ $ (60,000) 0.0% $ 50,000 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15: EDC4B FUND 04:TEXAS LEVERAGE PROGRAM FY15-16 PROPOSED 5800-00-00 LAND HOTELPROPERTY 50,000 50,000 TOTAL EXPENDITURES $ 50,000 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 19:EDC4B CAPITAL BOND FUND FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY- PY OF BUDGET BUDGET CATEGORY YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING BEGINNING FUND BALANCE $ 29,429 $ 29,429 $ 29,441 $ 29,447 $ 29,444 INVESTMENT EARNINGS 1 15 15 3 5 (5) 34.3% 10 TOTAL REVENUES $ 1 $ 15 $ 15 $ 3 $ 5 $ (5) 34.37. $ 10 CAPITAL - - 25,000 - - - 0.0% 25,000 TOTAL EXPENDITURES $ - $ - $ 25,000 $ - $ - $ 0.07. $ 25,000 REVENUES OVER EXPENDITURES $ 1 $ 15 $ (24,985) $ 3 $ 5 ENDING FUND BALANCE $ 29,430 $ 29,444 $ 4,456 $ 29,449 $ 29,449 ADJUSTMENTS FUND BALANCE AS%OF EXP N/A N/A 17.87. N/A N/A RESERVE(NO REQUIREMENT) $ - $ - $ - $ - $ RESERVE SURPLUS/(SHORTFALL) $ 29,430 $ 29,444 $ 4,456 $ 29,449 $ 29,449 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 19:EDC4B CAPITAL BOND FUND FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY OF BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING 4401-00-00 INVESTMENT INCOME 1 15 15 3 5 (5) 34.3% 10 INVESTMENT EARNINGS $ 1 $ 15 $ 15 $ 3 $ 5 $ (5) 34.37o $ 10 TRANSFERS $ $ $ $ $ $ - 0.07o $ TOTAL REVENUES $ 1 $ 15 $ 15 $ 3 $ 5 $ (5) 34.37o $ 10 19:EDC4B CAPITAL BOND FUND 01:TOWN CENTER REDEVELOPMENT FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY % BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING MAINTENANCE $ $ $ $ $ $ 0.0% $ SUNDRY $ $ $ $ $ $ 0.07o $ 5847-01-00 CONSTRUCTION 25,000 0.0% 25,000 CAPITAL $ $ $ 25,000 $ $ $ 0.076 $ 25,000 TOTAL EXPENDITURES $ $ $ 25,000 $ $ $ 0.0% $ 25,000 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 19: EDC4B CAPITAL BOND FUND FY15-16 PROP 4401-00-00 INVESTMENT INCOME EARNING BASED UPON AVERAGE 15 BALANCE INTEREST RATE,' TOTAL REVENUES 19: EDC4B CAPITAL BOND FUND 01:TOWN CENTER REDEVELOPMENT FY15-16 PROPQUD- 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 MONTHLY FINANCIALS 95:EDC4B RESERVE FUND FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY- PY %OF BUDGET BUDGET CATEGORY YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING BEGINNING FUND BALANCE $ 119,922 $ 119,922 $ 119,952 $ 119,966 $ 119,962 INVESTMENT EARNINGS 3 40 25 4 9 9 34.9% 16 TOTAL REVENUES $ 3 $ 40 $ 25 $ 4 $ 9 $ 9 34.97. $ 16 TOTAL EXPENDITURES $ - $ - $ - $ - $ - $ 0.0% $ REVENUES OVER EXPENDITURES $ 3 $ 40 $ 25 $ 4 $ 9 ENDING FUND BALANCE $ 119,925 $ 119,962 $ 119,977 $ 119,970 $ 119,970 ADJUSTMENTS - - FUND BALANCE AS%OF EXP N/A N/A N/A N/A N/A RESERVE($112,606 REQUIREMENT) $ 112,606 $ 112,606 $ 112,606 $ 112,606 $ 112,606 RESERVE SURPLUS/(SHORTFALL) $ 7,319 $ 7,356 $ 7,371 $ 7,364 $ 7,364 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 95:EDC4B RESERVE FUND FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY OF BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING 4401-00-00 INVESTMENT INCOME 3 40 25 4 9 9 34.9% 16 INVESTMENT EARNINGS $ 3 $ 40 $ 25 $ 4 $ 9 $ 9 34.976 $ 16 TRANSFERS $ $ $ $ $ $ - 0.07o $ - TOTAL REVENUES $ 3 $ 40 $ 25 $ 4 $ 9 $ 9 34.976 $ 16 95:EDC4B RESERVE FUND FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY 76 OF BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING TRANSFERS $ $ $ $ $ $ 0.07o $ TOTAL EXPENDITURES $ $ $ $ $ $ 0.0% $ "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 95: EDC413 RESERVE FUND FY15-16 PROPOSED 4401-00-00 INVESTMENT INCOME EARNING BASED UPON AVERAGE 25 BALANCE INTEREST RATES TOTAL REVENUES FY15-16 PROPOSED TOTAL EXPENDITURES "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS DECEMBER ECONOMIC DEVELOPMENT CORPORATION FINANCIALS SUMMARY DECEMBER 2015 Budget Amendment No amendments. Monthly Information b a f P60&m f ■na 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 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS EDC CASH POSITION DECEMBER FY14-15 FY15-16 CURRENT FY15-16 CATEGORY ACTUAL PROPOSED MONTH YTD BEGINNING CASH BALANCE-FUND 15 $ 177,198 $ 90,295 $ 74,888 $ 90,295 BEGINNING TEXPOOL BALANCE-FUND 15 $ 19 $ 19 $ 19 $ 19 BEGINNING TEXPOOL BALANCE-FUND 19 $ 29,429 $ 29,444 $ 29,449 $ 29,444 BEGINNING CASH BALANCE-FUND 95 $ 119,922 $ 119,962 $ 119,970 $ 119,962 AD VALOREM TAXES 38,075 48,062 393 1,966 SALES/BEVERAGE TAXES 457,222 350,000 32,862 33,176 INVESTMENT EARNINGS 112 80 25 43 MISCELLANEOUS INCOME 57,546 384,120 3,580 6,969 SURPLUS SALES/RENTALS 97,515 129,774 9,665 48,326 TOTAL REVENUES $ 650,469 $ 912,036 $ 46,525 $ 90,480 SUPPLIES 4,625 3,100 - - MAINTENANCE 25,928 23,592 427 1,945 SUNDRY 202,706 210,258 13,374 38,201 DEBT 169,796 166,374 6,269 50,845 TRANSFERS 153,519 153,519 - 35,959 CAPITAL 122,078 155,000 - - TOTAL EXPENDITURES $ 678,653 $ 711,842 $ 20,070 $ 126,951 CHANGE IN CASH DURING PERIOD $ (86,848) $ 200,166 $ 26,764 $ (3,382) ENDING CASH BALANCE-FUND 15 $ 90,295 $ 315,449 $ 101,636 $ 86,899 ENDING TEXPOOL BALANCE-FUND 15 $ 19 $ 19 $ 19 $ 19 ENDING TEXPOOL BALANCE-FUND 19 $ 29,444 $ 4,456 $ 29,454 $ 29,449 ENDING CASH BALANCE-FUND 95 $ 119,962 $ 119,962 $ 119,982 $ 119,970 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS ALL EDC FUNDS DECEMBER FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY- PY %OF BUDGET BUDGET CATEGORY YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING BEGINNING FUND BALANCE $ 376,091 $ 376,091 $ 258,442 $ 284,981 $ 347,907 AD VALOREM TAXES 1,180 38,075 48,062 393 1,966 0 4.1% 46,096 SALES/BEVERAGE TAXES 27,811 457,222 350,000 32,862 33,176 15,209 9.5% 316,824 INVESTMENT EARNINGS 22 112 80 25 43 40 53.9% 37 MISCELLANEOUS INCOME 10,606 57,546 384,120 3,580 6,969 - 1.8% 377,151 SURPLUS SALES/RENTALS 28,996 97,515 129,774 9,665 48,326 (4,918) 37.2% 81,448 TOTAL REVENUES $ 68,614 $ 650,469 $ 912,036 $ 46,525 $ 90,480 $ 10,331 9.97. $ 821,556 SUPPLIES - 4,625 3,100 - - - 0.0% 3,100 MAINTENANCE 8,614 25,928 23,592 427 1,945 8.2% 21,647 SUNDRY 36,310 202,706 210,258 13,374 38,201 (19,764) 18.2% 172,057 DEBT 50,844 169,796 166,374 6,269 50,845 (3,475) 30.6% 115,529 TRANSFERS 36,759 153,519 153,519 - 35,959 (0) 23.4% 117,559 CAPITAL (3,264) 122,078 155,000 - - (887) 0.0% 155,000 TOTAL EXPENDITURES $ 129,262 $ 678,653 $ 711,842 $ 20,070 $ 126,951 $ (24,127) 17.8% $ 584,892 REVENUES OVER EXPENDITURES $ (60,648) $ (28,184) $ 200,194 $ 26,455 $ (36,471) ENDING FUND BALANCE $ 315,442 $ 347,907 $ 458,635 $ 311,436 $ 311,436 ADJUSTMENTS FUND BALANCE AS%OF EXP 244.0% 51.3% 64.47o 1551.8% 245.3% RESERVE(NO REQUIREMENT) $ - $ - $ - $ - $ - RESERVE SURPLUS/(SHORTFALL) $ 315,442 $ 347,907 $ 458,635 $ 311,436 $ 311,436 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS DECEMBER 15:EDC4B FUND FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY 7.OF BUDGET BUDGET INCOME STATEMENT YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING OPERATING REVENUES 68,592 650,357 911,956 46,500 90,437 10,291 9.9% 821,519 OPERATING EXPENDITURES (92,503) (525,134) (533,324) (20,070) (90,991) 24,126 17.1% (442,332) OPERATING INCOME/(LOSS) (23,911) 125,223 378,633 26,430 (554) 34,418 NONOPERATING REVENUES/(EXPENSES) INTEREST EARNINGS 13 57 40 9 13 36 32.0% 27 (TRANSFER OUT) (36,759) (153,519) (153,519) - (35,959) 0 23.4% (117,559) NET OPERATING INCOME/(LOSS) (60,657) (28,239) 225,154 26,439 (36,501) 34,454 BEGINNING FUND BALANCE $ 226,740 $ 226,740 $ 109,049 $ 135,561 $ 198,501 ENDING FUND BALANCE(EXCLUDING OTHER FUNDS) $ 166,083 $ 198,501 $ 334,203 $ 162,000 $ 162,000 95:EDC413 RESERVE FUND $ 119,938 $ 119,977 $ 119,977 $ 119,982 $ 119,982 19:EDC413 CAPITAL BOND FUND $ 54,449 $ 4,456 $ 4,456 $ 29,454 $ 29,454 ENDING FUND BALANCE(INCLUDING OTHER FUNDS) $ 340,469 $ 322,934 $ 458,635 $ 311,436 $ 311,436 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15:EDC4B FUND DECEMBER FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY- PY %OF BUDGET BUDGET CATEGORY YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING BEGINNING FUND BALANCE $ 226,740 $ 226,740 $ 109,049 $ 135,561 $ 198,501 AD VALOREM TAXES 1,180 38,075 48,062 393 1,966 0 4.1% 46,096 SALES/BEVERAGE TAXES 27,811 457,222 350,000 32,862 33,176 15,209 9.5% 316,824 INVESTMENT EARNINGS 13 57 40 9 13 36 32.0% 27 MISCELLANEOUS INCOME 10,606 57,546 384,120 3,580 6,969 - 1.8% 377,151 SURPLUS SALES/RENTALS 28,996 97,515 129,774 9,665 48,326 (4,918) 37.2% 81,448 TOTAL REVENUES $ 68,605 $ 650,414 $ 911,996 $ 46,509 $ 90,450 $ 10,327 9.97. $ 821,546 SUPPLIES - 4,625 3,100 - - - 0.0% 3,100 MAINTENANCE 8,614 25,928 23,592 427 1,945 8.2% 21,647 SUNDRY 36,310 202,706 210,258 13,374 38,201 (19,764) 18.2% 172,057 DEBT 50,844 169,796 166,374 6,269 50,845 (3,475) 30.6% 115,529 TRANSFERS 36,759 153,519 153,519 - 35,959 (0) 23.4% 117,559 CAPITAL (3,264) 122,078 130,000 - - (887) 0.0% 130,000 TOTAL EXPENDITURES $ 129,262 $ 678,653 $ 686,842 $ 20,070 $ 126,951 $ (24,127) 18.57. $ 559,892 REVENUES OVER EXPENDITURES $ (60,657) $ (28,239) $ 225,154 $ 26,439 $ (36,501) ENDING FUND BALANCE $ 166,083 $ 198,501 $ 334,203 $ 162,000 $ 162,000 ADJUSTMENTS FUND BALANCE AS%OF EXP 128.5% 29.2% 48.7% 807.2% 127.6% RESERVE(NO REQUIREMENT) $ - $ - $ - $ - $ - RESERVE SURPLUS/(SHORTFALL) $ 166,083 $ 198,501 $ 334,203 $ 162,000 $ 162,000 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS DECEMBER 15:EDC4B FUND FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY %OF BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING 4002-00-00 MMD TAX-CUR RENT YEAR 1,180 38,075 48,062 393 1,966 0 4.1% 46,096 AD VALOREM TAXES $ 1,180 $ 38,075 $ 48,062 $ 393 $ 1,966 $ 0 4.17 $ 46,096 4081-00-00 SALES TAX 27,811 457,222 350,000 32,862 33,176 15,209 9.5% 316,824 SALES/BEVERAGE TAXES $ 27,811 $ 457,222 $ 350,000 $ 32,862 $ 33,176 $ 15,209 9.57 $ 316,824 4401-00-00 INVESTMENT INCOME 13 57 40 9 13 36 32.0% 27 INVESTMENT EARNINGS $ 13 $ 57 $ 40 $ 9 $ 13 $ 36 32.07 $ 27 4409-00-00 MISCELLANEOUS INCOME 10,606 57,546 384,120 3,580 6,969 - 1.8% 377,151 MISCELLANEOUS INCOME $ 10,606 $ 57,546 $ 384,120 $ 3,580 $ 6,969 $ 1.87. $ 377,151 4805-00-00 RENTAL FEES-SHOPPING CENTER 28,922 97,271 121,274 9,603 48,015 (4,918) 39.6% 73,259 4806-00-00 RENTAL INSURANCE 73 244 8,500 62 311 3.7% 8,189 SURPLUS SALES/RENTALS $ 28,996 $ 97,515 $ 129,774 $ 9,665 $ 48,326 $ (4,918) 37.27. $ 81,448 TRANSFERS $ - $ - $ - $ - $ - $ - 0.0% $ - TOTAL REVENUES $ 68,605 $ 650,414 $ 911,996 $ 46,509 $ 90,450 $ 10,327 9.97. $ 821,546 TOTAL REVENUES(EXCLUDING INTEREST/TRANSFERS) $ 68,592 $ 650,357 $ 911,956 $ 46,500 $ 90,437 $ 10,291 10%ADMIN CHARGE-GENERAL FUND 6,859 65,036 91,196 4,650 9,044 1,029 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15: EDC413 FUND DECEMBER FY15-16 PROPOSED 4002-00-00 MMD TAX-CURRENT YEAR BASED ON FY13/14 ASSESSED VALUE 48,062 OF$2,783,693 AND TOTALTAX 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 4081-00-00 SALES TAX GENERALLY BUDGET BASED ON PRIOR 350,000 350,000 3 YEARS OF HISTORY 4401-00-00 INVESTMENT INCOME EARNING BASED UPON AVERAGE 40 40 BALANCE INTEREST RATES 4409-00-00 MISCELLANEOUS INCOME SALE OF 1121 WEST KENNEDALE 360,000 384,120 PARKWAY (APACHE/NACHO/FOX/WHEELER/HUN DE PURCHASED FY09/10) - 3RD PAnSITF ATH PADSITF RFMAININC. MONTHLY FEE FROM CHAMBER FOR 24,000 SERVICES ($2000 MONTH) MONTHLY FEE FROM CHAMBER PER 120 RENTAL AGREEMENT ($10 MONTH) PLUS$100 DEPOSIT 4805-00-00 RENTAL FEES-SHOPPING CENTER CHICKEN EXPRESS ($2518 MONTH, 22,662 121,274 RELOCATION JUL 2013, LEASE EXPIRES 05/31/17,GOES TO$0 UPON MOVE) DOLLAR GENERAL ($4719 MONTH, 56,628 LEASE EXPIRES 07131117, 2% MANAGEMENT FEE FOR AT RENEWA BUILDING ONE VACANT ($8400 - MONTH, LEASE EXPIRES 05/31/16, 2% MANAGEMENT FEE FOR AT RENEWAL) PREPAID TENANT FEES RECEIVED BUT 41,984 CORRESPONDING OFFSET OCCURS WHEN BOOKED AGAINST CAM EXPENSES (EXCLUDES RENTAL 4806-00-00 RENTAL INSURANCE RENTAL CAM COLLECTED ON LEASE 8,500 8,500 AGREEMENTS AND THEN USED TO PAY TML INSURANCE (OFFSETTING EXPENSE UNDER TOWN SHOPPING CENTER) TOTAL REVENUES $ 911,996 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15:EDC413 FUND DECEMBER 01:ADMINISTRATION FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY %OF BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING PERSONNEL $ $ - $ - $ - $ - $ - 0.0% $ 5240-01-00 PRINTED SUPPLIES 4,505 3,000 0.0% 3,000 5260-01-00 GENERAL OFFICE SUPPLIES - 50 0.0% 50 5261-01-00 POSTAGE 120 50 0.0% 50 SUPPLIES $ $ 4,625 $ 3,100 $ $ $ 0.07o $ 3,100 MAINTENANCE $ $ $ $ $ $ 0.07o $ 5501-01-00 ADVERTISING 359 1,200 0.0% 1,200 5510-01-00 ASSOC DUES/PUBLICATIONS 4,755 4,020 941 1,236 30.7% 2,784 5525-01-00 TRAINING/SEMINARS - 250 - - 0.0% 250 5565-01-00 LEGAL SERVICES 9,700 1,000 (8,700) 0.0% 1,000 5567-01-00 AUDIT SERVICES 2,000 2,000 0.0% 2,000 5570-01-00 SPECIAL SERVICES 18,150 82,708 72,600 6,430 18,730 (15,000) 25.8% 53,870 5578-01-00 TRAVEL - 70 100 - - 0.0% 100 5580-01-00 ENGINEERING SERVICES - 17,038 1,000 - - (10,000) 0.0% 1,000 5595-01-00 ADMIN CHARGE-GENERAL FUND 6,859 60,557 91,196 4,650 8,017 6,336 8.8% 83,178 SUNDRY $ 25,009 $ 177,187 $ 173,366 $ 12,021 $ 27,983 $ (27,364) 16.17o $ 145,382 5615-01-00 FUNCTIONAL GRANT - 39,097 - 1,754 1,754 (37,744) 0.0% (1,754) DEBT $ $ 39,097 $ $ 1,754 $ 1,754 $ (37,744) 0.07o $ (1,754) TRANSFERS $ $ $ $ $ $ 0.07o $ 5800-01-00 LAND (3,264) 20,887 (20,887) 0.0% CAPITAL $ (3,264) $ 20,887 $ $ $ $ (20,887) 0.07o $ TOTAL EXPENDITURES $ 21,745 $241,795 $ 176,466 $ 13,776 $ 29,738 $ (85,995) 16.97o $ 146,728 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15: EDC4B FUND DECEMBER 01:ADMINISTRATION FY15-16 PROPOSED 5240-01-00 PRINTED SUPPLIES PRINTED MAPS OF ENTIRE CITY - 3,000 EDC COPIES/BROCHURES 3,000 CITY MARKETING FLYERS/AERIAL PHOTOS - 5260-01-00 GENERAL OFFICE SUPPLIES FILES/FOLDERS/PAPER/PENCILS 50 50 5261-01-00 POSTAGE FOR MAIL OUTS/MARKETING PACKAGES 50 50 5280-01-00 MINOR EQUIP/SMALLTOOLS<$5K ADDITIONAL EQUIPMENT ASSOCIATED WITH - PRESENTATIONS MARKETING 5290-01-00 EXPENDABLE SUPPLIES TOWN CENTER GRAND OPENING 9/11 MEMORIAL 5440-01-00 OFFICE EQUIP/SOFTWARE MAINT - 5501-01-00 ADVERTISING PROMOTIONAL ADVERTISING, LEGAL NOTICES 1,200 1,200 AND BUDGET HEARING AD 1200 5510-01-00 ASSOC DUES/PUBLICATIONS TEXAS ECONOMIC DEVELOPMENT 200 4,020 COMMISSION CITY($1875) &EDC ($675) KENNEDALE 2,550 CHAMBER MEMBERSHIP DALLAS CHAMBER ($870) & TX MONTHLY 1,270 ECONOMIC GUIDE AD ($0), DALLAS CHAMBER MAP ADD 400 5525-01-00 TRAINING/SEMINARS EDC TRAINING THROUGH VARIOUS 250 250 ASSOCIATIONS BY BOARD 5565-01-00 LEGAL SERVICES BILLABLE HOURS FOR CITY ATTORNEY ON EDC 1,000 1,000 RELATED PROJECTS (I.E., HOTEL, OTHER POTENTIAL OPPORTUNITIES 5567-01-00 AUDIT SERVICES PATILLO, BROWN & HILL SERVICES FOR 2,000 2,000 INDEPENDENT ANNUAL AUDIT (FYI 1/12 $1500, FY12/13 $1500, FY13/14 $2K, FY14/15 $2K, FYI S/I A 199501 5570-01-00 SPECIAL SERVICES TOW N CENTER CONSULTING FIRM 66,000 72,600 (APPROXIMATELY $5500/MONTH BEGINNING JUL 2014, TO INCLUDE $3500 FOR EDC SERVICES, $2000 FOR CHAMBER SERVICES) - $2000 DIRECT REVENUE OFFSET FROM C'HAf,ARFR FAC'H tAnNTH CONTRACT WITH MUNISERVICES FOR SALES TAX AUDIT SERVICES, 35% CONTINGENCY IF REALLOCATIONS ARE UNCOVERED DUE TO REPORTING ERRORS (APPLIES TO FIRST 8 CONSECUTIVE REPORTING QUARTERS FOLLOWING CORRECTION, SHARED 75% (-iTYi-7-')s Fnri WEBSITE MAINTENANCE BY CONSULTANT 6,600 550 MONTH 5575-01-00 EQUIPMENT RENTAL 5578-01-00 TRAVEL TRAVEL RELATED TO OTHER EDC 100 100 TRAINING SEMINARS BY STAFF BOARD 5580-01-00 ENGINEERING TIED TO POTENTIAL ACTIVITIES/PROJECTS (I.E., 1,000 1,000 HOTEL ETC. 5585-01-00 TELEPHONE SERVICES - - 5595-01-00 ADMIN CHARGE-GENERAL FUND CHARGE FOR SERVICES PROVIDED BY 91,196 91,196 GENERAL FUND RESOURCES (10% TOTAL REVENUES EXCLUDING INTFRFSTfrRANSFFRSI 5615-01-00 FUNCTIONAL GRANT - 5701-01-00 TRANSFER OUT-GENERAL FUND 5800-01-00 LAND TOTAL EXPENDITURES $ 176,466 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15:EDC413 FUND DECEMBER 01:ADMINISTRATION 03:DEBT SERVICE FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY OF BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING 5643-01-03 2007$1.2M TAX BOND-INTEREST 32,787 65,625 62,203 31,034 (3,475) 49.9% 31,169 5644-01-03 2007$1.2M TAX BOND-PRINCIPAL - 50,000 50,000 - 0.0% 50,000 5645-01-03 2011 $1.7M TX LEVERAGE-INT 5,808 17,024 15,798 759 4,721 (1,226) 29.9% 11,077 5646-01-03 2011 $1.7M TX LEVERAGE-PRI 12,249 37,147 38,373 3,755 13,336 1,226 34.8% 25,037 DEBT $ 50,844 $ 169,796 $ 166,374 $ 4,514 $ 49,091 $ (3,475) 29.57. $ 117,283 5702-01-03 TRANSFER OUT-DEBT SERVICE FUND 36,759 153,519 153,519 - 35,959 (0) 23.4% 117,559 TRANSFER $ 36,759 $ 153,519 $ 153,519 $ - $ 35,959 $ (0) 23.47. $ 117,559 TOTAL EXPENDITURES $ 87,603 $ 323,315 $ 319,893 $ 4,514 $ 85,050 $ (3,475) 26.67. $ 234,843 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15: EDC4B FUND DECEMBER O1:ADMINISTRATION 03: DEBT SERVICE FY15-16 PROPOSED 5620-01-03 ISSUANCE COSTS AGENT FEES TO HANDLE BOND AMORTIZATIONS 5621-01-03 PAYING AGENT FEES FEES RELATED TO THE ACQUISITION OF NEW DEBT (BANK/BOND ATTORNEY/FINANCIAL ADVISOR). BANK IS PAYING AGENT IN PRIVATE PLACEMENT AND GENERALLY DOES 5643-01-03 2007$1.2M TAX BOND-INTEREST DUE 11/01 31,102 62,203 DU E 05/01 31,102 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 15,798 15,798 11/01/2011) 5646-01-03 2011 $1.7M TX LEVERAGE-PRI DUE BY 1ST OF EACH MONTH (BEGINS 38,373 38,373 11/01/2011) 5702-01-03 TRANSFER OUT-DEBT SERVICE FUND DUE 1 1/01 INTEREST 2010 $2.OM CO 36,759 153,519 BOND DUE 05/01 INTEREST 2010 $2.OM CO 36,759 BOND DUE 05/01 PRINCIPAL: 2010$2.OM CO 80,000 BOND TOTAL EXPENDITURES $ 319,893 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15:EDC4B FUND DECEMBER 02:TOWN SHOPPING CENTER FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY %OF BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING SUPPLIES $ - $ - $ . $ - $ - $ - 0.0% $ 5403-02-00 BUILDING MAINTENANCE 8,614 25,928 23,592 427 1,945 8.2% 21,647 MAINTENANCE $ 8,614 $ 25,928 $ 23,592 $ 427 $ 1,945 $ 8.27. $ 21,647 5530-02-00 ELECTRIC SERVICES 1,005 4,380 5,000 637 1,249 25.0% 3,751 5545-02-00 INSURANCE-PROPERTY 6,347 6,347 8,500 - 6,121 72.0% 2,379 5570-02-00 SPECIAL SERVICES 3,948 14,792 13,392 716 2,848 21.3% 10,544 SUNDRY $ 11,301 $ 25,519 $ 26,892 $ 1,353 $ 10,218 $ 38.07o $ 16,674 TOTAL EXPENDITURES $ 19,914 $ 51,447 $ 50,484 $ 1,780 $ 12,163 $ 24.17o $ 38,321 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15: EDC413 FUND DECEMBER 02:TOWN SHOPPING CENTER FY15-16 PROPOSED 5403-02-00 BUILDING MAINTENANCE WATER ($350/MONTH) 4,200 23,592 FIRE SPRINKLER-CAM ($150/QUARTER) 600 LAN DSCAPE/MATERIALS-CAM ($1 166/MONTH) 13,992 MAINTENANCE-CAM ($400/MONTH) 4,800 5530-02-00 ELECTRIC SERVICES ELECTRICITY-CAM 5,000 5,000 5545-02-00 INSURANCE-PROPERTY COVERAGE THROUGH TEXAS MUNICIPAL 8,500 8,500 LEAGUE (CHICKEN EXPRESS/DOLLAR GENERAL BUILDING ON TML SCHEDULE, ALL OTHER BUILDINGS CARRIED ON CYPRESS INSURANCE) 5570-02-00 SPECIAL SERVICES PROPERTY/ASSET MANAGEMENT($500 PER 6,000 13,392 MONTH) SEP 2015 - FEB 2017: SUBWAY $150, ACE 7,392 $466 OR$7392 FY15/16-FY16/17 ANNUAL MAR 2017 - AUG 2018: SUBWAY $150 OR - 1800 FY17 18 ANNUAL TOTAL EXPENDITURES $ 50,484 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15:EDC411 FUND DECEMBER 03:TOWN CENTER REDEVELOPMENT FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY % BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING 5580-03-00 ENGINEERING SERVICES 10,000 10,000 0.0% 10,000 SUNDRY $ $ $ 10,000 $ $ $ 10,000 0.07. $ 10,000 5847-03-00 CONSTRUCTION 80,000 80,000 0.0% 80,000 CAPITAL $ $ $ 80,000 $ $ $ 80,000 0.0% $ 80,000 $ $ $ 90,000 $ $ $ 90,000 0.017. $ 90,000 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15: EDC413 FUND DECEMBER 03:TOWN CENTER REDEVELOPMENT FY15-16 PROPOSED 5580-03-00 ENGINEERING SERVICES PARKING LOT MODIFICATION 10,000 10,000 5847-03-00 CONSTRUCTION CHICKEN EXPRESS BUILDING HEALTH 5,000 80,000 INSPECTIONS/ASBESTOS SURVEY CHICKEN EXPRESS TEAR DOWN/DEMOLITION 25,000 CHICKEN EXPRESS PARKING LOT MODIFICATION 50,000 TOTAL EXPENDITURES $ 90,000 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15:EDC4B FUND DECEMBER 04:TEXAS LEVERAGE PROGRAM FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY %OF BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING SUNDRY $ $ $ $ $ $ 0.0% $ DEBT $ $ $ $ $ $ 0.0% $ 5800-04-00 LAND 101,192 50,000 (60,000) 0.0% 50,000 CAPITAL $ $ 101,192 $ 50,000 $ $ $ (60,000) 0.07. $ 50,000 $ $ 101,192 $ 50,000 $ $ $ (60,000) 0.0% $ 50,000 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 15: EDC4B FUND DECEMBER 04:TEXAS LEVERAGE PROGRAM FY15-16 PROPOSED 5800-00-00 LAND HOTELPROPERTY 50,000 50,000 TOTAL EXPENDITURES $ 50,000 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 19:EDC4B CAPITAL BOND FUND DECEMBER FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY- PY %OF BUDGET BUDGET CATEGORY YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING BEGINNING FUND BALANCE $ 29,429 $ 29,429 $ 29,441 $ 29,449 $ 29,444 INVESTMENT EARNINGS 2 15 15 5 10 (5) 65.5% 5 TOTAL REVENUES $ 2 $ 15 $ 15 $ 5 $ 10 $ (5) 65.57. $ 5 CAPITAL - - 25,000 - - - 0.0% 25,000 TOTAL EXPENDITURES $ - $ - $ 25,000 $ - $ - $ 0.07. $ 25,000 REVENUES OVER EXPENDITURES $ 2 $ 15 $ (24,985) $ 5 $ 10 ENDING FUND BALANCE $ 29,431 $ 29,444 $ 4,456 $ 29,454 $ 29,454 ADJUSTMENTS FUND BALANCE AS%OF EXP N/A N/A 17.87. N/A N/A RESERVE(NO REQUIREMENT) $ - $ - $ - $ - $ RESERVE SURPLUS/(SHORTFALL) $ 29,431 $ 29,444 $ 4,456 $ 29,454 $ 29,454 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 19:EDC4B CAPITAL BOND FUND DECEMBER FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY %OF BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING 4401-00-00 INVESTMENT INCOME 2 15 15 5 10 (5) 65.5% 5 INVESTMENT EARNINGS $ 2 $ 15 $ 15 $ 5 $ 10 $ (5) 65.57o $ 5 TRANSFERS $ $ $ $ $ $ - 0.07o $ TOTAL REVENUES $ 2 $ 15 $ 15 $ 5 $ 10 $ (5) 65.57o $ 5 19:EDC4B CAPITAL BOND FUND 01:TOWN CENTER REDEVELOPMENT FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY %OF BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING MAINTENANCE $ $ $ $ $ $ 0.07o $ SUNDRY $ $ $ $ $ $ 0.07o $ 5847-01-00 CONSTRUCTION 25,000 0.0% 25,000 CAPITAL $ $ $ 25,000 $ $ $ 0.076 $ 25,000 TOTAL EXPENDITURES $ $ $ 25,000 $ $ $ 0.076 $ 25,000 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 19: EDC4B CAPITAL BOND FUND DECEMBER FY15-16 PROPOSED 4401-00-00 INVESTMENT INCOME EARNING BASED UPON AVERAGE 15 BALANCE INTEREST RATES TOTAL REVENUES 19: EDC4B CAPITAL BOND FUND 01:TOWN CENTER REDEVELOPMENT FY15-16 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 MONTHLY FINANCIALS 95:EDC4B RESERVE FUND DECEMBER FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY- PY OF BUDGET BUDGET CATEGORY YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING BEGINNING FUND BALANCE $ 119,922 $ 119,922 $ 119,952 $ 119,970 $ 119,962 INVESTMENT EARNINGS 7 40 25 12 21 9 82.0% 5 TOTAL REVENUES $ 7 $ 40 $ 25 $ 12 $ 21 $ 9 82.0% $ 5 TOTAL EXPENDITURES $ - $ - $ - $ - $ - $ 0.0% $ REVENUES OVER EXPENDITURES $ 7 $ 40 $ 25 $ 12 $ 21 ENDING FUND BALANCE $ 119,929 $ 119,962 $ 119,977 $ 119,982 $ 119,982 ADJUSTMENTS - - FUND BALANCE AS%OF EXP N/A N/A N/A N/A N/A RESERVE($112,606 REQUIREMENT) $ 112,606 $ 112,606 $ 112,606 $ 112,606 $ 112,606 RESERVE SURPLUS/(SHORTFALL) $ 7,323 $ 7,356 $ 7,371 $ 7,376 $ 7,376 "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE,TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 95:EDC413 RESERVE FUND DECEMBER FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY % BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING 4401-00-00 INVESTMENT INCOME 7 40 12 21 9 82.0% 5 INVESTMENT EARNINGS $ 7 $ 40 $ 12 $ 21 $ 9 82.0% $ 5 TRANSFERS $ $ $ $ $ 0.0% $ TOTAL REVENUES $ 7 $ 40 °;; $ 12 $ 21 $ 9 82.0% $ 5 95:EDC413 RESERVE FUND FY14-15 FY14-15 FY15-16 CURRENT FY15-16 CY-PY % BUDGET BUDGET ACCOUNT ACCOUNT NAME YTD ACTUAL ADOPTED MONTH YTD CHANGE USED REMAINING TRANSFERS $ $ $ $ $ 0.0% $ TOTAL EXPENDITURES $ $ $ $ $ 0.0% $ "EXEMPLIFYING EXCELLENCE" CITY OF KENNEDALE, TEXAS ANNUAL PROGRAM OF SERVICES MONTHLY FINANCIALS 95: EDC413 RESERVE FUND DECEMBER FY15-16 PROPOSED 4401-00-00 INVESTMENT INCOME EARNING BASED UPON AVERAGE 25 BALANCE/INTEREST RATE: TOTAL REVENUES FY15-16 PROPOSED TOTAL EXPENDITURES "EXEMPLIFYING EXCELLENCE" Economic Development Corporation Sales Tax Revenue Three Year History $65,000 $60,000 $55,000 $50,000 $45,000 $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 1 2 3 4 5 6 7 8 9 10 11 12 2013-14 ACTUAL X2014-15 ACTUAL (2015-16 ACTUAL Economic Development Corporation Sales Tax Revenue Monthly History $65,000 $60,000 $55,000 $50,000 $45,000 $40,000 $35,000 $30,000 $25,000 AA :� z NY $20,000 $15,000 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP +2013-14 ACTUAL X2014-15 ACTUAL 2015-16 ACTUAL ic KENNEDALE Kennedale Economic Development Corporation www.cityofkennedale.com STAFF REPORT TO THE BOARD OF DIRECTORS Date: January 26, 2016 Agenda Item No: STAFF ANNOUNCEMENTS/REPORTS - A. I. Subject: Village Creek B. TownCenter C. Chamber Report II. Originated by: Bob Hart III. Summary: The Director will provide an update on these items. • Village Creek • TownCenter • ICSC Meeting • 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: January 26, 2016 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. 1200 Block Bowman Springs Road 2. 6900 Block Kennedale Parkway 3. 5400 and 5404 Kennedale Road 4. 5401 High Ridge Road 5. TownCenter Building Pad 5 II. Originated by: Bob Hart III. Summary: These items will be discussed during the Executive Session. • 1200 Block Bowman Springs Road • 6900 Block Kennedale Parkway • 5400 and 5404 Kennedale Road • 5401 High Ridge Road • TownCenter Building Pad 5 IV. Recommendation: V. Alternative Actions: VI. Attachments: