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City council nov. 19, 2013 cosadc budget presentation 11-19-13

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City council nov. 19, 2013 cosadc budget presentation 11-19-13

  1. 1. COSADC FY 2014 Budget November 19, 2013
  2. 2. 2014 Revenue Account Description Explanation Estimated FY 2014 Ballot Eco Dev 313000 Income-Sales/Use Tax Sales Tax $7,955,015 $5,727,611 $2,227,404 Receipts based on Finance Dept Estimate 360000 Interest on Investments Interest based $9,000 $9,000 on 5/31/12 Receipts 363101 Lease Income L-3 Income $80,000 $80,000 BRC Conf Room Rental CVCED MedHab BRC lease income Total Income $500 $500 $1 $1 $58,035 $58,035 $8,102,551 $5,727,611 $2,374,940
  3. 3. 2014 Expenses Acct. Description 410332 Admin-Sftwre 410520 AdminInsurance Explanation Website, new laptop, new tower Board D&O, BRC,& CVCED ($12,133 Board D&O Insurance) 410530 Admin6 VOIP, long dist. Communication landline 410531 Cellular 3 new iphones + useage 410580 Admin-Travel & 3 staff for TEDC, IEDC, Lodging Ports to Plains, High Ground trainings, Texas Downtown Association and events Est. FY 2014 Ballot Eco Dev $5,399 $5,399 $20,133 $20,133 $5,425 $5,425 $2,670 $2,670 $10,000 $10,000
  4. 4. 2014 Expenses Acct. Description 410590AdminTraining Explanation Board development: sales tax training, TEDC workshops, etc. Consultant travel expenses for in-house board training Conference and training registration fees 410630Admin-Food Coffee for COSADC Board meetings; Chamber events, misc. 410610Admin-Office Paper, pens, CDs, files, ED Supplies info folders, office machinery/repair Admin-Copier COSADC portion for rental of Com. & Eco. Dev. copy machine 410550 Printing Letters, in-house marketing pieces, invitations, etc. Est FY 2014 Ballot Eco Dev $7,800 $7,800 $800 $800 $2,500 $2,500 $3,267 $3,267 $2,000 $2,000
  5. 5. 2014 Expenses Acct. 410614 Description Adminpostage 410591 Dues and Subscription 411000 Bank Charges Explanation Mail outs regular mail TEDC - 3 @ $450, IEDC membership is $345 + 3 @$145 add’l staff = $635 First Financial Bank Service Charges, Fees Etc, Est FY Ballot 2014 $200 Eco Dev $200 $1,985 $1,985 $180 $180
  6. 6. 2014 Expenses Acct. Description 412000 Partner Affiliations Explanation Ports to Plains-$56,047 + $250; TMCN$5,592.00; High Grnd of TX - $10,000; P to P Summit $5,000; Chamber Luncheon 11 X $15 X 2 & 1 X $15 X 8 = $450;Chamber Banquet $600 X 1.5 = $900 NAACP Banquet $250 20 Under 40 -$5,900; Est FY 2014 $84,389 Ballot Eco Dev $84,389
  7. 7. 2014 Expenses Acct. Description Explanation Estimated Ballot FY 2014 Eco Dev 420000 Industrial Park O & M 42521 Ind. Pk. Insurance Gen Liability $900 $900 420411 Ind. Pk. Wtr. & Swr. 3 @ 19 per Mo. $685 $685 $300 $300 $10,000 $10,000 $3,000 $3,000 420413 Ind. Pk. Elec. WTU Meter @ $25/ Mo. Contract Svs. Ind. Pk. Surveying & Platting 420430 Ind. Pk. Gen. Maint. Mowing 430000 05,08,11 Tax / Rev C.O. Debt Service 05,08,11 Tax / Rev C.O. Debt Service Water Debt Service Principal $1,405,000$1,405,000 Interest $1,157,207$1,157,207 Hickory Aquifer Water Supply $1,500,000 1,500,000
  8. 8. 2014 Expenses Acct. Description Explanation 440000 Marketing/Advertising Chamber Economic - Chamber Development Contract BREP Budget Eco Dev DSA services contract D&O Insurance, annual audit $225,000 $225,000 $17,500 $17,500 $5,000 ASA /BRC 440100 Downtown San Angelo 440200 Annual CVCED Contract Estimated Ballot FY 2014 $5,000 $75,000 $75,000 $5,000 $5,000
  9. 9. 2014 Expenses Acct. Description 415310 City Services Explanation Estimated Ballot FY 2014 Finance $29,000; $365,452 Legal - $15,000; Audit -$8,000 CMO - $17,343 PIO Staff - $10,000 Dev Corp Staff Dir $95,000; Dev Coord. - $65,000; ED Coord - $55,000 Split 75% ED / 25% Ballot; $91,363 Eco Dev $274,089
  10. 10. 2014 Expenses Acct. Description Explanation 432000 Legal Services Contract Services – O/S Legal Outside audit of performance agreements Design and printing of annual report Annual Ballot Amount Outside Audit 415331 Annual Report 451101 Project- Aff. Housing Project-Sports Facility Maint 451102 451103 452101 450000 Pay-As-You-Go with Annually COL Adjustment of 2% Annual Appropriation Texas Bank Sports Complex CVCED Costs associated with Expenses current CVCED ops, BRC Expenses COSADC M&O Contribution Estimated Ballot FY 2014 $5,000 Eco Dev $5,000 $5,000 $5,000 $1,000 $1,000 $335,000 $335,000 $263,623 263,623 $0 $50,000 $50,000 $59,640 $59,640 $39,700 $39,700
  11. 11. 2014 Expenses Acct Description Subtotal 452900 Ballot Estimated FY 2014 Eco Dev $5,675,755 $4,752,193 $923,562 Future Projects $2,426,796 $975,418 $1,451,378 Total COSA-DC Expenditures $8,102,551 $5,727,611 $2,374,940 Revenue Over/(Under) Expenditures 0 0 0
  12. 12. Fund Balance Designated For Existing Projects Acct. Project Remaining Budget 452115 Blue Cross Blue Shield $259,827 452112 Hirschfeld Energy $263,932 452120 Smith Blvd $512,900 452121 MedHab $796,250 452122 Ethicon $300,000 451202 Affordable Housing $490,270

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