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Res 105-2010 9/21/2010 RESOLUTION NO. 105-2010 Resolution Approving The Programs And Expenditures Of The Wichita Falls 4B Sales Tax Corporation Budget For Fiscal Year 2010-2011 WHEREAS, TExas Loca� Gov'T Co�E §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 September 8, 2010, the Wichita Falls 4B Sales Tax Corporation's Board of Directors approved the attached 2010-2011 Budget. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: The expenditures and programs of the attached Fiscal Year 2010-2011 Budget of the Wichita Falls 4B Sales Tax Corporation are hereby approved. PASSED AND APPROVED this the 21 day of September, 2010. MAYO R ATTEST: ity Clerk 46 SALES TAX FINANCIAL STATEMENT PROPO3E 913I2010 FY�8 FYOS FY09 FY10 FY1U FY11 Actual Budoet Actual 9udast Actual Bu, dget Revenue SalesTaxes $ 3,558,983 $ 3,551,795 $ 3,408,651 $ 3,551,509 $ 2,498,045 $ 3,21�,125 Interest $ 258,518 $ 200,000 $ 52,709 $ 22,800 $ 8,583 $` 7,500 Reimbursement $ 154,569 $ 30,000 $ 241,072 $ 30,000 $ 275,000 Total Revenues � 3 972070 Q 3 781 795 �� 7�0 4 � 3 604 309 2506 628 � 3 496.625 CdMPLETED PROJECTS Golf Course Consultants, #1390 $ 8,841 Softball Complex $ 500,000 Enhanced Gym Space $ 299,760 $ 200,239 WFISD Gym Addl Expense $ 53,543 $ 53,543 Wichita County Heritage Society $ 30,000 Wichita Falls Little League $ 60,000 Wichita Theatre $ 40,000 Military Affairs $ 50,000 Community Wide Marketing $ 60,000 $ 60,000 River gend Nature Works #3 $ 300,000 $ 259,190 $ 2,402 Outdoor Warning Siren Replacmt $ 141,200 $ 137,357 MDT Consultant $ 47,037 $ 7,714 OPEN PROJECTS Debt Serviee - Projects Public Safety Projects $ 930,565 $ 512,315 $ 512,315 $ 510,915 $ 510,915 $ 514,215 Trail/LandlFiring Range $ 515,088 $ 515,088 $ 491,952 TIF#2(2006ASeries) �$ 600,821 $ 599,803 $ 599,803 $ 231,199 $ 231,199 $ 231,199 Golf Renovation {2006B Series) $ 365,828 $ 365,828 $ 368,548 Castaway Cove Water Park �r.�. $ 489,889 Capital Equipmt Maint! Imprvmts � Radio Maintenance $ 1��9,604 �1 , � 127,45 $ 127,500 $ 127,455 $ 127,500 CAD/Records Maintenance $ 133,056 $ 1 , 0$ 130,975 $ 135,000 $ 109,127 $ 135,000 MDT Software Maintenance $ 142,566 $ 95,499 $ 234,468 MobileDataTerminals $ 1,689,851 $ 1,727,778 $ 1,592,667 Adminisiration Charges $ 6 $ 10,000 $ 10,000 Street Improvements $ 400,000 Prior Years Capital Projects Backdoor Theatre $ 90,000 $ 30,000 $ 14,603 South Weeks Park Pond Rcnstrctn. $ 600,000 $ 974 $ 348,844 Trail Ext- RhealLake Wichita Dam $ 175,000 $ 51,903 MPEC RepairlReplacemt Items . $ 1,147,100 $ 409,316 Downtown Intersection Improvmts $ 1,000,000 Castaway Cove WP Improvmts $ 325,000 $ 104,151 Kemp Center for the Arts $ 275,000 Lake Wichita Improvements $ 85,000 Wichita Theatre Renovation $ 46,000 FY 11 Capital Projects TBD Total Expenditures � 4 679 541 � � 064 618 � 3J18729 � 5345 939 � 4 737 611 $ 3A�2 771 Revenues Less Expenses [707 4711 � 1 717 177 � t16 2971 � f1 741 6301 � f2230 9831 � 493 854 8eginning Cash Balance � 6 112 492 � 5 405 021 '� 5 405 021 � 5_388724 � 5 388724 � 4 235 218 Ending Cash Balance $ 5 405.021 � 7 122 198 � 5 388724 $ 3_647 094 � 3 157 741 � 4J29_Q72 ReservedForEncumbrances $ 4,561,613 $ 4,561,613 $ 2,841,397 $ 2,841,397 $ 2,941,294 $ 2,941,294 Unreser�ed Fund Balance 843 4� � 2 56� 585 � 547 3�7 � 805 697 � ?16 447 � 1 7R7J78