HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC) Resolutions (Resolution R-18-148)-08/28/2018RESOLUTION R-18-148
ADOPTING AN ANNUAL BUDGET FOR FISCAL YEAR 2019
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 2019 budget amounts for the Colleyville
Economic Development Corporation are as follows:
Total Revenues $1,916,673
Operating Expenditures $1,320,669
Capital Expenditures $1,425,195
Total Expenditures $2,745,864
Use of Fund Balance on Capital Projects $829 192
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF 6 AYES, 0 NAYS, AND 0 ABSTENTIONS ON THIS
28TH DAY OF AUGUST 2018.
President George Dodson Aye Vice Pres. Richard Newton Aye
Director Tammy Nakamura Aye Director Bobby Lindamood Aye
Director Ralph Hunkins Aye Director John Terhoeve Aye
Director Mark Slosson Absent
ATTEST:
Christine Loven, TRMC
Secretary
COLLEYVILLE ECONOMIC
DEVELOPMENT CORPORATION
eorge odson
President