HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC) Resolutions (RESOLUTION R-17-144)-08/24/2017 RESOLUTION R-17-144
A RESOLUTION ADOPTING AN ANNUAL BUDGET FOR
FISCAL YEAR 2018 FOR THE COLLEYVILLE ECONOMIC
DEVELOPMENT CORPORATION
WHEREAS, the bylaws of the Colleyville Economic Development Corporation
require that an annual budget be adopted by the Board of
Directors; and
WHEREAS, the bylaws require that the budget includes projected revenues
and proposed expenditures.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION:
Sec. 1. THAT the Fiscal Year 2018 budget amounts for the Colleyville
Economic Development Corporation are as follows:
Total Revenues $1,859,090
Operating Expenditures $1,216,654
Capital Expenditures $1,504,470
Total Expenditures $2,271,124
Use of Fund Balance on Capital Projects $862,034
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF 1-AYES, 0 NAYS, AND a ABSTENTIONS ON THIS
24TH DAY OF AUGUST 2017.
Vice Pres. Richard Newton It L Director Tammy Nakamura
Director George Dodson i .4- Director John Terhoeve
Director Amy Dowell , Director Mark Slosson
Bobby Lindamood I ,L
ATTEST: COLLEYVILLE ECONOMIC
LOPMENT CORPORATION
ilk
i 0
0
Am, Shelley, TRMC Richard Newton
Secretary Vice President