HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC) Resolutions (Resolution R-20-156)-08/25/2020 (3)RESOLUTION R-20-156
A RESOLUTION ADOPTING AN ANNUAL BUDGET FOR
FISCAL YEAR 2021 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 2021 budget amounts for the Colleyville
Economic Development Corporation are as follows:
Total Revenues $2,287,391
Operating Expenditures $1,562,561
Capital Expenditures $ 685,000
Total Expenditures $2,247,561
Use of Fund Balance on Capital Projects $ -0-
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF 7 AYES, 0 NAYS, ON THIS 25T" DAY OF AUGUST
2020.
President George Dodson Aye Director Kathy Wheat Aye
Vice Pres. Richard Newton Aye Director John Terhoeve Aye
Director Ralph Hunkins Aye Director Mark Slosson Aye
Director Bobby Lindamood Aye
ATTEST:
/
Christine Loven, TRMC
Secretary
COLLEYVILLE ECONOMIC
DEVELOPMENT CORPORATION