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Res 141-2007 9/18/2007 RESOLUTION NO. �� O�� RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, APPROVING THE 2007-2008 BUDGET OF THE WICHITA FALLS 46 SALES TAX CORPORATION; FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS RESOLUTION WAS PASSED WAS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, The Wichita Falls 4B Sales Tax Board met on September 7, 2007; and WHEREAS, The 4B Sales Tax Board considered a recommended budget with estimated revenues of $3,701,939 and estimated expenses of $1,813,886; and WHEREAS, The 4B Sales Tax board has approved and recommended Council approval of the aforementioned 2007-2008 Budget. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: SECTION 1. The 4B Sales Tax Board Recommended 2007-2008 Budget is hereby approved. PASSED AND APPROVED this the day of 18 day of September, 2007. � MAYO R ATTEST: � i Clerk 46 SALES TldC FINANCIAL STATEMENT __ � 7/20/2 - - - -- -�----- _. - ------ ---- - � - --- - -- - --- - ---- -- - 1 -- - I -- - ---- ------- ------ - ---- - _ ____ FY88 FY 98 FY98 FY 89 FY00 FY00 FY01 FY01 FY02 FY02 FY03 FY03 FY04 FY04 FYOb FY06 FY06 FY06 FY07 FY07 _ _ Bud et Actual Bud et Actual Bud M Actual � Bud et Actual Bud et Actual Bud M Actual Bud et Actual Bud M Actual Bud et Actual� Bud et Actual Revenue - -- __- --- - --- _ --- -- SalesTaxes 1,835,000 2,389,667 2,262,000 2,419,432 2,376,000 2,649,566 2,582,368 2,720,625 2,695,000 2,703,762 2,883,861 2,766,455 2,749,45E 2,865,450 2,885,136 2,974,250 2,941,098 3,212,034 3,265,727 2,503,612 Intere 15,686 75,000 10 120,000 176,845 105,647 176,724 174,670 114,256 40,000 89,896 86,866 74,689 72,000 156,026 155,000 287,478 240,000 335,699 Reimbursement I - 17,613 0 0 0 16,800 30,000 109,785 TMaI Revenues - _-----�- _... Com leted Pro ects - - �-- ---�--- -- - - - - AudiUOther Misc 2,005 I _ - -- -- --. .. -_ -- � - !--- ----._ -. _ _.. _ Insurance _ �QD 700 Z00 � Libra 35¢�4� 356,894 350;988 350,988 347,283 �347,263 341,380 _ 341,360 �342,9� 327,454 �-$qg.8gp 343,590 318.073 348.075 -- -- -- Wamin Sirens T.1$�0 691,902 . _ _. _ . - � --- _. . __- � - ---- -- j _ - - Fire Sta (A/E) ?AOflOp. 197,530 28,976 2,713 Rota Park 10/19/98. 12/15/98 , :12,GAD; 12,000 -�-- �- - - --- - --- -- - � - - -- --- - - -- - - ._ -- - - .__ ..-- Fire Slation Const (8/12/99, 8/17/99) 2�G6,+2�' 7,437 2,579,185 __ 32,151 300 - - --- - - _ _ 2nd Floor RecreaGon (6/12/99, 8/17/99) IOQ,p00 � 16,175 359,451 �-- - - - -- -- � -- - - -- - Pub Safety Train CV Consull (1/31/00, 2/15/00) _ ___�`� 78,OD0 3 4,203 20,512 7,824 -- - - - �- - - - - -- ' --- - - - - -- Trail Ext: Lk Wichita-Jaycee (621/00, 7/5/00) _ I _ �.178,ppp 1 000 175,000 i -- __... --- -- - � -- �---- - -- ---- - ---- Sikes Lake Dredging Proj (6f21/00 7/5/00) gpp,ppp 3pp,ppp _.__ �� _- - -- - -__.. .-- -� - --- - - -- Fire T raining Field Const (5/9 5/15/01) 1,170,000 27,856 1,053,428 � Sikes Lake Dred in Wood Pk (129/02) __ _ _ p0,000 67 710 73,748 38,139 Trail Exl: FM2360-Dam 1f29/02) __ _ ,_ _ 286,0p0 97;988 343,602 - 3,668 Little Adobe 3/14/03, 3/18/03 -_. - - � . 160.Op0 150,000 � �- - -�-- -- - Pub Safe Train CtrArch 5/9/01, 5/15/01, 1/29/0�_ �$11,QOD ° �80;QOp 132,521 163,537 � 63,473 1,514 PublicSafe Trainin Center� 2/ 13/03, 3/4/03) _ _ 2,017,822 824,087 1,145,906 560,332 1,593 Two- radios (9/4/03, 9/16/0 10/21/03) _ -- _ -- __ --_ -_ . .2,'D7�28H. 6,720 945,936 145,668 Fire Ladder Truck �� ����b�0,�0p 514,896 7,334 River Bend Nature Works _._ - ----- - .. - -- -- ---- ._ T50.000.: 75Q000 Golf Course Architect �� �� � 25 400 � ._ . _ . ...- - --.. _ _ , _ _ - Pub Safet Commun Consult 1/29/02 - -- _ .__. . � 437,000 _ 109,334 . - - 128.881 50.148 85,835 l 21,078 ___ _ _ _ 25,000 -- _ ._ � - - - - -- _ l _ - - , i __ -- --- -- - . - -.. - J 147.105 _ . _ __ - - - � - -- --- _ 1 _ 1.117,529 2 � � 566 599 - _ - - � - --- eco s - - _ . _ ...--- -- I - --� } -.1,858.140� 240,000 -- - Rrver Bend Nature Works #2 , � i � i -- -- --- f i --- - . � _ .. _ +_. _.-- - - r � - - - - - - - - � � --- O en Pro ects L - - -- � - T- - i _ - _ � _ _ ; _ __ _J � _ � � - �--� � � Public Safe Pro ects Debt Service Radio Mainten _. _ _ . . __ � �_ . _ _._ _ ._--_ -- .. _ _ .__ __ . . __ _ . _ .. 934,45q 934,454 936.715 _936.715 . p35,285 - - _9 35. 265 � !i$3,215 __ 933,215 - -- _.- _ _ . .___- _ - . . -� � . _.. _ . - __ .-- -_. --- - _..----- CAD/Rewrds Maintenance - - - - _ _ _ - -- - - - - _ _ Milita Affairs ... - - � ---- --- - �-- :8�,088 1 9 447 � . 120,758 __ -- -- --_ _- - ----- ' �0,4f1b__ f•SO�iDD 50,000 - - - - - - - Golf Course Consultants, #1390 - �� -- --... __ , __ � 276,Q00 16,700 215,089 -- _ __ __ . - - -- --- -- - -- - - __ - --- MDTConsultant 1W,750 21,078 88,559 � -- - - - -- --- ---- - -- -- - 588.6p3 598,603 GoB Renovation & TIF #2 D ebt Service _ � _ _ - -- -- - - KemP Center For The Arts � � � � � -- -- --- --- ' - -.._ - -- � _ � -- - -- Curtiss Jenny - � -- . ..-. .. . --� - - - ... - --- � �. : 75,�IOA . _ 28.314 . -. - -._ .- _.-- -._ . .__ --------- ------ -- --��-- � . MPEC R epairs - __ - -- _ - __ 3 __ . -.... _- -- - _.. -- � 50,000 --- --. _. . . _. _ : � -- - - - - ___ --- ��00 _- -- _ _ _. . Softball Complex � � � � � � � -�-- __ _ . . __. . _ . _ _ _ _ rJ00�00D _ _--- ---- -- - - - -- - - - Enhance Gym Space __ - - � - -- - - - �� - - - _- - - - --- - --- TotalExpentlitures -._ _... -�. � �$q -- -.._. . _.. � ._ - - 972.999 � _.. - --- -- .._ - . �;d 5.769.956 ---- . _ _ - I.�Z�,2Z1 3739.318 1 Reven � �� 520.406 1.355.858 (1.035.4871 1.950.fi60 1.597.737 (535.6661 86 2.3 1.660701 1.862.632 361.316 -188,913 -2,933,636 (110.4011 1.270.421 _], 72 4.919 1.716.827 1.715.606 (�0 5�1 � - � -- �„� Beginrnng Cash Balance � � 1.355.858 1.355.858 3.306.518 3.306.518 2.770.851 2770.851 5.096.465 5.096.465 6,959,097 6,959,097 ---- _.-- ---. ___. .. --- -- �$.? �$4 �$$ �$� � � �-100.470 7.100-47� - - --- --� -- -- - --- Ending Cash Balance _ __. __ 520.406 1 355-858 320.371 3.306.518 4,$,Qg,� 2.770.851 3.636.506 5.096.465 6J57.166 6.959.097 7.320.413 6,770,184 3-836.547 6.659783 7.930.204 �,�g,@¢g 7.101.691 7.100.470 6.8�.878 7.139.��2 R eserve d Fo rEncumbranc es .. __ _. _ __ 263,098 240,000 3,040,157 3,040,157 576,342 551,968 1,802,592 1,791,811 2,012,266 2,499,265 2,372,94 2,372 ,947 4,554,530 4,519,426 1,800,946 1,790,991 845,9 1,437,561 1, -- .. -- - ----- -._...- - -- - _._... _ Unreserved_FundBalance � 14. 63600 � 5.448�282 .. . -- --- -- : Shadetl Cetla To H M For uiAc __ - - --- - ___ __ -- -- �