Res 078-2020 4B Budget fiscal year 2020-2021 9/15/2020:Z=7 MtMe , ki C:M.P1011111
Resolution approving the programs and expenditures of the Wichita
Falls 4B Sales Tax Corporation Budget for Fiscal Year 2020-2021
WHEREAS, Texas Local Gov't. Code § 501.073(a) provides "The corporation's
authorizing unit will approve all programs and expenditures of a corporation and annually
review any financial statements of the corporation"; and,
WHEREAS, on August 27, 2020, the Wichita Falls 4B Sales Tax Corporation's
Board of Directors approved the attached 2020-21 Budget.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
The programs and expenditures of the attached Fiscal Year 2020-21 4BSTC
Budget of the Wichita Falls 4B Sales Tax Corporation are hereby approved.
PASSED AND APPROVED this the 15th day of September, 2020.
M4
ATTEST:
E�L &�� —
City Clerk
413 SALES TAX CORP.
PROPOSED 2021
812412020
Previously
2019
2020
2020
2021
Approved
Actual
Budget
Actual YTD Proposed Budget
Revenue
Sales Taxes
$ 4,151,979
$ 4,158,000 $
3,105,755 $
3,897,293
Interest
144,796
65,733
84,574
32,150
Reimbursement (TIF #2)
358,832
358,832
358,832
Other Reimbursements (2)
209,567
Total Revenues
4.655.607
$ 4.582.565 $
3.399.895 s
4,288,275
COMPLETED/CLOSED PROJECTS
Upstate Ireland LLC 614 7th
22,000
22,000
120 Day Extension with Gatehouse #2
64,812
80,736
DWFD Inc. Farmers Market
15,419
15,537
Farmers Market End
15,419
of
OPG Maskat Temple
300,000
Museum of North Texas
25,000
25,000
6th Street Winery
25,000
ANNUAL PROGRAMSIEXPENDITURES
Debt Service -- Projects
Trail/Land/Firing Range Refunded, 2018-2029
$ 452,640
$ 452,500 $
452,500 $
454,475
Castaway Cove Water Pk (2010-2025)
387,880
387,340
387,340
385,960
TIF #21 Rhea Road (2011-2031)
fir
�, ����
227,650
229,650
229,650
231,550
WF Municipal Airport (2013-2033)
//°orr�
140,000
140,000
140,000
140,000
TIF #2 Maplewood (2015 A - 2026)
�%///
208,832
209,300
209,300 �,
207,293
Golf Renovation (2015B Series)
�iii� �����,
324,329
324,155
324,155
323,086
Downtown Improvement Grants
�� ���� %
18,959
100,000
67,306
100,000
CVB Incentive Funding
/���j„
35,000
35,000
-
Professional Fees
% �ii�j�
613
4,000
4,000
Directors & Officers Insurance
�� �i�
4,190
5,000
1,839>,
5,000
Capital Equipmt Maint I Imprvmts
��
Radio Maintenance (73238)
� // i
220,781
223,765
224,515';
267,000
CAD/Records Maint (73239)
�,
190,932
11,981
159,187
MDT Software Maint (71110)
h)
192,309
279,570
17,333
373,706
Administration Charges
10,000
20,000
20 000 >,�.
20,000
Air Cards
i%/„
5,978
5,019
7,000
Parking Garage -Annual Program
125,000
113,756 ;,,
25,000
OPEN PROJECTS
District 5 Park Improvements
26,005
Center City 728 Indiana
250,000
�� % �'
250,000
Grocery/ice Cream Store 922 Indiana
65,000
Comprehensive Econ Dev Strategy
11,338
7,500
510
Genache Custom Cake 800-806 Ohio
195,000
OPG Senior Living Units 1100 Lamar
300,000
Wichita Cc Heritage Society Kell House
100,000
Brown Building (Patterson)
122,805
122,805
TAP Grant Match (Circle Trails) FY 2018-19"
893,060
226,014
TAP Grant Match (Circle Trails) FY 2019-20"'
742,348
190,278
MPEC Facilities (LEDs, RR's)
230,000
28,063
914 Scott Street
17,500
17,50C
Pickers Universe
133,000
MPEC Preconstruction Costs
456,477
Half Pint III LLC (809 Ohio)
50,975
Anchored DT LLC (620 Ohio)
26,000
Arts Council (The Forum)
100,000
45 Financial Report Budget 2021 625/2020
4B SALES TAX CORP.
PROPOSED 2021
8/2412020 Previously
Approved
Total Expenditures
Revenues Less Expenses
Beginning Cash Balance
Ending Cash Balance
Reserved For Encumbrances
Unreserved Fund Balance
2019
Actual
$ 3.102.301
$ 1.553.306
$ 4,713,302
$ 6 266 608
$ 3,600,146
$ 2.666.462
2020
Budget
$ 4.056.061
$ 526.504
$ 6,266,608
$ 6.793.112
$ 3,600,146
$ 3.192.96fi
2020
Actual YTD
$ 3.096.056
$ 303.839
$ 6,793,112
$ 7,096.951
$ 2,876,838
$ 4,220113
2021
Proposed Budget
$ 2,544,070
$ 1,744,205
$ 7,096,951
$ 8,841,156
$ 5,365,759
$ 3,475,398
Detail
+t Recorded at Year End
z1 One time transfer from reconciliation of Special Revenue Fund
2021 Pmpww - Estimated, encumbrances ar begia—g of year —rude aU mmmltmenfs.
'FY 2018-19:
Hike & Bike Trail from LP 11 to Lucy Park $587051
587,051 OC
H&B Trail Barnett to Seymour $74, (51
74,151.00
H&B Trail Lake Wichita Park to Marina $231,258
231,25800
FY 2018-19 Total.
893,0150 00
"FY 2019-20:
Hike & Bike Trail from LP 11 to Lucy Park $0
-
H&B Trail Barnett to Seymour $560,174
560,174 00
H&B Trail Lake Wichita Park to Marina $33,704
33,704 00
Contingency S148,469
148,469.00
FY 2019-20 Total.
742,347.00
4B Financial Report Budget 2021 6/2512020