HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC) Resolutions (Resolution R-19-152)-08/27/2019RESOLUTION R-19-152
A RESOLUTION ADOPTING AN ANNUAL BUDGET FOR
FISCAL YEAR 2020 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 2020 budget amounts for the Colleyville
Economic Development Corporation are as follows:
Total Revenues $1,932,400
Operating Expenditures $1,422,848
Capital Expenditures $1,286,500
Total Expenditures $2,709,348
Use of Fund Balance on Capital Projects $776,948
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF 7 AYES, 0 NAYS, AND 0 ABSTENTIONS ON THIS
27TH DAY OF AUGUST 2019.
President George Dodson Aye Vice President Richard Newton Aye
Director Tammy Nakamura Aye Director Bobby Lindamood Aye
Director Ralph Hunkins Aye Director John Terhoeve Aye
Director Mark Slosson Aye
ATTEST:
Christine Loven, TRMC
Secretary
Resolution R-19-152
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COLLEYVILLE ECONOMIC
DEVELOPMENT CORPORATION
AGIrge Dodson
President