June 8, 2015 Dickinson Economic Development Corporation, Regular Meeting
7:00 p.m.
AGENDA ITEM 1 Dickinson Economic Development Corporation Meeting
CALL TO ORDER
Pledge of Allegiance
Given by:______
ROLL CALL
DICKINSON ECONOMIC DEVELOPMENT CORPORATION MEETING ATTENDANCE LIST
MEETING DATE: June 8, 2015 Regular Meeting
BOARD PRESENT ABSENT
Darrell Carney ______
Mike Reinschmidt ______
Libby Moreno ______
John Simsen ______
Chris Tucker ______
Bill Pushak ______
Jennifer Lawrence ______
MAKE NOTE ON RECORDING: THE FOLLOWING ALSO ARE IN ATTENDANCE: Executive Director, Julie M. Robinson ______Economic Development Coordinator, Angela Forbes ______AGENDA ITEM 2 Darrell Carney, President Mike Reinschmidt, Vice President MINUTES John Simsen Libby Moreno City of Dickinson Chris Tucker, Secretary Jennifer Lawrence Dickinson Economic Bill Pushak Julie M. Robinson, Executive Development Corporation Director REGULAR MEETING
May 4, 2015 NOTICE is hereby given of a REGULAR MEETING of the Dickinson Economic Development Corporation of the City of Dickinson, County of Galveston, State of Texas, to be held on Monday, May 4, 2015, at 6:30 p.m. at: Dickinson City Hall, 4403 Highway 3, Dickinson, Texas 77539 in the Council Chambers for the purpose of considering the following numbered items. The Dickinson Economic Development Corporation of the City of Dickinson, Texas, reserves the right to meet in a closed session on any of the below items should the need arise and if applicable pursuant to authorization by Title 5, Chapter 551, of the Texas Government Code.
ITEM 1.) CALL TO ORDER AND CERTIFICATION OF A QUORUM
President Darrell Carney called the meeting to order at 6:32 p.m. Economic Development Coordinator Angela Forbes called roll and certified a quorum. Board Members present were as follows: Darrell Carney, Libby Moreno, John Simsen, Jennifer Lawrence and Chris Tucker. Absent were Board Members Bill Pushak and Mike Reinschmidt. Also present were Executive Director Julie Robinson, Administrative Services Manager Stephanie Russell, and Economic Development Coordinator Angela Forbes.
ITEM 2.) CONSIDERATION AND POSSIBLE ACTION CONCERNING: Approval of the Minutes of Dickinson Economic Development Corporation of:
A. April 13, 2015 Regular Board Meeting
Director Tucker made a motion to approve the minutes of the April 13, 2015 Board meeting. The motion was seconded by Director Simsen.
VOTE: 5 AYES (Carney, Moreno, Simsen, Tucker, Lawrence) 0 NAYS MOTION PASSED
ITEM 3.) BRIEFING AND DISCUSSION CONCERNING: Executive Director’s Briefing
A. Community Development Update B. 2015 Red, White & Bayou Crawfish And Texas Music Festival C. Update on Sussan’s Property
Executive Director Julie Robinson and Economic Development Coordinator Angela Forbes provided a briefing on current City and economic development projects. It was the consensus of the Board to place a sign on both the former
______May 4, 2015 DEDC Meeting Page1 of 4 Sussan’s and the Hughes Road properties reflecting “Property Available” and a phone number. Board members took no formal action in this matter
ITEM 4.) BRIEFING AND DISCUSSION CONCERNING: Quarterly Financials and Investment Report As Of March 31, 2015.
Administrative Services Manager Stephanie Russell presented the Quarterly Financials and Investment Report As Of March 31, 2015. Board members took no formal action in this matter
ITEM 5.) DISCUSSION AND DIRECTION CONCERNING: Possible Visual Improvement Program For Areas Within The City Outside Of The Highway 3 Overlay District.
Executive Director Julie Robinson advised that this item was brought forward based on one of the recommendations made in the Community Assessment undertaken by Roger Brooks encouraging the improvement of properties throughout the City to reduce blight and improve “curb appeal.” Since the Board has already established a Property Improvement Program for the Highway 3 Overlay District, Mrs. Robinson discussed with the Board a Visual Improvement Program being utilized by the City of Live Oak and requested direction from the Board as to whether it wanted to consider creating a Property Improvement Program that would apply throughout the City and not just within a specific area of the City. After discussion, it was the consensus of the Board for staff to obtain additional information from the City of Live Oak and to revisit this topic at the July Meeting.
ITEM 6.) DISCUSSION AND DIRECTION CONCERING: The Purchase Of Self-Service Visitor Information Kiosks.
Executive Director Julie Robinson advised that this item was brought forward based on one of the recommendations made in the Community Assessment undertaken by Roger Brooks. Economic Development Coordinator Angela Forbes presented information to Board concerning a self-service visitor information kiosk currently being used by the City of Texas City at the new Bucee’s for its consideration. After discussion, it was the consensus of the Board not to proceed with gathering additional information or purchasing a self-service visitor information kiosk.
ITEM 7.) CONSIDERATION AND POSSIBLE ACTION CONCERNING: Adding A Second Board Meeting Each Month.
After discussion, the Board scheduled a special workshop meeting for Tuesday, May 26, 2015, beginning at 6:00 pm to focus solely on the recommendations contained in the Community Assessment undertaken by Roger Brooks and identify specific action items that the Board wishes pursue. The Board also scheduled an additional meeting in June on June 22, 2015, beginning at 6:30 pm, with the understanding that the need for the June 22, 2015 special meeting would be revaluated at the Board’s regular monthly meeting to be held on June 8, 2015.
______May 4, 2015 DEDC Meeting Minutes Page2 ITEM 8.) CONSIDERATION AND POSSIBLE ACTION CONCERNING: Resolution Number 116-2015 - A RESOLUTION OF THE BOARD OF DIRECTORS OF THE DICKINSON ECONOMIC DEVELOPMENT CORPORATION (DEDC) RATIFYING THE EXECUTION BY THE PRESIDENT OF THE BOARD OF A GENERAL WARRANTY DEED BY AND BETWEEN THE DICKINSON ECONOMIC DEVELOPMENT CORPORATION AND ROCKWELL DICKINSON LLC FOR LOT ONE (1), OF FIRST AMENDING PLAT OF THE MINOR PLAT DEDC SUBDIVISION NO. 1 OUT OF AND A PART OF BLOCK 174 ADDITION “D” TO THE TOWN OF DICKINSON, A SUBDIVISION IN GALVESTON COUNTY, TEXAS ACCORDING TO THE MAP OR PLAT THEREOF RECORDED AT DOCUMENT NUMBER 2015023600, IN THE OFFICIAL PUBLIC RECORDS OF REAL PROPERTY OF GALVESTON COUNTY, TEXAS. MORE COMMONLY KNOWN AS 3920 GULF FREEWAY IN DICKINSON, TEXAS.
Director Simsen made a motion to approve Resolution Number 116-2015, and the motion was seconded by Director Moreno.
VOTE: 5 AYES (Carney, Moreno, Simsen, Tucker, Lawrence) 0 NAYS MOTION PASSED
ITEM 9.) EXECUTIVE (CLOSED) SESSION – The Dickinson Economic Corporation will hold a closed executive meeting pursuant to the provision of Chapter 551, Government Code, Vernon’s Texas Codes annotated, in accordance with the authority contained in:
President Darrell Carney recessed the meeting into Executive Session at 7:27 PM.
Section 551.087- Discuss or deliberate regarding commercial or financial information that the Dickinson Economic Development Corporation has received from a business prospect that the Dickinson Economic Development Corporation seeks to have locate, stay or expand in or near the City and which the Dickinson Economic Development Corporation is conducting economic development negotiations.
ITEM 10.) RECONVENE President Darrell Carney reconvened the meeting at 8:30 PM.
ITEM 11.) CONSIDERATION AND POSSIBLE ACTION CONCERNING: Matters discussed in Executive Session.
ITEM 12.) FUTURE AGENDA ITEMS
ITEM 13.) ADJOURN
______May 4, 2015 DEDC Meeting Minutes Page3 Director Lawrence made a motion to adjourn the meeting at 8:32 p.m. The motion was seconded by Director Tucker.
VOTE: 5 AYES (Carney, Moreno, Simsen, Tucker, Lawrence) 0 NAYS MOTION PASSED
PASSED, APPROVED AND ADOPTED this the 8th day of June, 2015.
______Darrell Carney, President
______May 4, 2015 DEDC Meeting Minutes Page4 ITEM 2 NOTES:______AGENDA ITEM 3 ITEM 3 NOTES:______AGENDA ITEM 4 Dickinson Economic Development Corporation Agenda Item Data Sheet
MEETING DATE June 8, 2015
TOPIC: Dickinson Economic Development Corporation’s Support For Dickinson Independent School District’s 2015 Summer Recreation Program In An Amount Not To Exceed $7,500.00.
BACKGROUND: During the budget preparation for Fiscal Year 2014-2015, the Board decided to consolidate the funding for the sub-line items under ED Grants and Projects into one line item. This included the $7,500.00 support for Dickinson Independent School District’s (“DISD”) Summer Recreation Program.
The DISD Summer Recreation Program serves the City’s children who are enrolled in DISD during the summer by providing them with a place to play, exercise and get a good breakfast and/or lunch. DISD provides the space, equipment, meal and personnel for this program through donations from the county, DEDC and school district.
Ernest Hubert, Director of Student Services & Special Projects, with DISD will be at the Board meeting to present this request and answer any questions that the Board may have.
RECOMMENDATION: None
ATTACHMENTS: Copy of Request From Ernest Hubert, Director of Student Services & Special Projects, Dated February 5, 2015
FUNDING ISSUES Not applicable Not budgeted Full Amount already budgeted.
SUBMITTING STAFF MEMBER EXECUTIVE DIRECTOR APPROVAL
Angela R. Forbes, Economic Development Coordinator
ACTIONS TAKEN APPROVAL READINGS PASSED OTHER YES NO 1st 2nd 3rd
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DrcnrusoN INIBpENDENT ScHoor, DTsTRICT Ernest Huber.t Dilector ofStudent Services & Special projects DISD
\N r6 ALI:':54 P.O. Drawer Z ' ' I)ickinson, Texas 77539 lT-t,"' 28t-229-604r FAX: February 5,2OI5 28l-6023
Julie Robinson City of Dickinson 4403Highway 3 Dickinson, Texas 77539
Re: Summer Recreation program
Dear Ms. Johnston:
want to thank I you in advance for the City of Dickinson's continued support of the fiummer Recreation Program that serves the city's children during the summer, As you know, the Dickinson Independent School District provides space, equi-pment, meals and peisonnel for this program through donations from the county, city and school disttict. Many of our children do not have a place to play, exercise and get a good breakfast and/or lunch without these donations.
As Director of Student Services for the Dickinson School District, it is my intent to help provide a program that can serve as many of our children as possible, We couni on the city's continued support by your contribution of $7,500 toward this program and our invoice is enclosed.
If you have any questions, please feel free to call me at my office, 281-229-6041 or cell 2g1-g04- 4196.
Sincerelv.
{t"'-a 7/r^.!# Ernest Hubert Director of Student Services & Special projects
EH:pch
Enclosure
"A Proud Tradition . . An Exciting Future" Dickinson Independent school District 2218 E FM 517 . P. O. DrawerZ . Dickinson,TX 771ilg-2026
INVOICE
February 5,2015
City of Dickinson 4403 Highway 3 Dickinson, Texas 71539
ATTN: Julie Robinson, City Manager
Descrintion
City portion of Dickinson ISD 2015 Summer Recreation Prosram $7,5,00
Please make check payable to Dickinson ISD and remit to:
Dickinson ISD P. O.Drawer Z Dickinson, TX 77539
Attn: Ernest Hubert
Phone: 281-229-6000 . FAX: 281-229-6011 Business ITEM 4 NOTES:______AGENDA ITEM 5 Dickinson Economic Development Corporation Agenda Item Data Sheet
MEETING DATE June 8, 2015
TOPIC Fiscal Year 2014-2015 First Amended Budget for Dickinson Economic Development Corporation.
BACKGROUND Due to changes in both revenues and expenditures, the proposed First Amended Budget for the Dickinson Economic Development Corporation includes the following:
Revenues . Increase of $63,494 in Sales Tax revenue due to increased collection. . Miscellaneous Income was added based on actual proceeds from the sales of the property to Noah’s Event Venue.
Expenditures . Increase in Building and Property Maintenance expenditures due to lawn services that will no longer be donated in-kind.
RECOMMENDATION Staff recommends approval of the Fiscal Year 2014-2015 First Amended Budget.
ATTACHMENTS Proposed Fiscal Year 2014-2015 First Amended Budget for the Dickinson Economic Development Corporation
FUNDING ISSUES None Full Amount already budgeted. Funds transferred from General Funds.
SUBMITTING STAFF MEMBER EXECUTIVE DIRECTOR APPROVAL
Stephanie Russell, Administrative Services Manager
ACTIONS TAKEN APPROVAL READINGS PASSED OTHER YES NO 1st 2nd 3rd PAGE 1 OF 1
DIVIDER PAGE
DICKINSON ECONOMIC DEVELOPMENT CORPORATION FY 2014-2015 FIRST AMENDED BUDGET
FY 2014-2015 FY 2014-2015 Variance from Original 1st Amended Original Budget Budget Budget Notes Revenue Sales Tax Revenue 1,269,638 1,333,132 63,494 Increased based on Sales Tax Forecast Rental Income 9,000 9,000 - Train Show Revenue - - - Interest Income 1,500 1,500 - Use of Fund Balance - - - Miscellaneous Income - 267,217 267,217 Proceeds from liquidated property. Total Revenue 1,280,138 1,610,849 330,711
Expenditures Capital Outlays Computers/Office Equipment 3,000 3,000 - Contractual Payments-RR Depot 26,027 26,027 - Real Property Acquisition 682,062 682,062 - Total Capital Outlays 711,089 711,089 -
Contract Services ED Consulting 10,000 10,000 - Financial & Auditing 1,000 1,000 - GIS 5,600 5,600 - Legal 7,500 7,500 - Multimedia Services 500 500 - Branding & Marketing Study 25,000 25,000 - Demolition Services 54,525 54,525 - Total Contract Services 104,125 104,125 -
Debt Service Principal 50,000 50,000 - Interest 12,705 12,705 - Total Debt Service 62,705 62,705 -
ED Projects & Programs Cedar Oaks 25,000 25,000 - Hughes Rd. 10,000 10,000 - Hwy 3 Façade Improvement Prgm 28,000 28,000 - Shop in Dickinson Program 1,000 1,000 - ED Grants & Projects 57,500 57,500 - Festival of Lights - - - Keep Dickinson Beautiful - - - Red, White & Bayou - - - DISD Summer Rec Program - - - Total ED Projects & Programs 121,500 121,500 -
Museum-Tourism Building & Property Maintenance 35,000 35,950 950 Lawn Services that will no longer be donated in-kind. Communications - Pagers & Phones - - - Computer Maintenance & Network - - - Dues, Subscriptions & Books 900 900 - Marketing & Advertising 5,000 5,000 - Museum Exhibits 1,000 1,000 - Office Supplies 5,500 5,500 - Property/Liability Insurance 10,000 10,000 - Storage Rental 2,400 2,400 - Utilities - Electric, Gas & Water 20,000 20,000 - Total Museum-Tourism 79,800 80,750 950
Dickinson Economic Development Corporation Page 1 FY 14-15 First Amended Budget DICKINSON ECONOMIC DEVELOPMENT CORPORATION FY 2014-2015 FIRST AMENDED BUDGET
FY 2014-2015 FY 2014-2015 Variance from Original 1st Amended Original Budget Budget Budget Notes
DEDC Administration/Operations Building Maintenance 500 500 - Bank Service Charges 367 367 - Communications - - - Dues, Subscriptions & Books 5,500 5,500 - Information Technology 10,350 10,350 - Marketing & Promotions 20,000 20,000 - Office Space Rental 3,000 3,000 - Office Supplies & Postage 2,502 2,502 - Personnel Services 143,092 143,092 - Public Official/E&O Insurance 1,167 1,167 - Travel & Training 11,489 11,489 - Utilities 2,492 2,492 - Total Personnel & Administration 200,459 200,459 -
Total Expenditures 1,279,678 1,280,628 950
Net Income 460 330,221
Dickinson Economic Development Corporation Page 2 FY 14-15 First Amended Budget ITEM 5 NOTES:______AGENDA ITEM 6 Dickinson Economic Development Corporation Agenda Item Data Sheet
MEETING DATE June 8, 2015
TOPIC: Discussion And Direction Concerning Dickinson “Curb Appeal” And Visitor Information Goals Developed During May 26, 2015 Special Board Meeting
BACKGROUND: During the May 26, 2015 Special Board Meeting, the Board identified action items from the Community Assessment undertaken by Roger Brooks that it wanted to pursue and categorized those action items into short, medium and long term goals. I compiled those action items into the Dickinson “Curb Appeal” and Visitor Information Goals Spreadsheet provided with this agenda item.
I would appreciate it if the Board would review this information and confirm that the spreadsheet accurately reflects the Board’s discussion. Also, since we are going into the budget process, it would be helpful for the Board to provide direction concerning prioritization of the short term goals in particular.
RECOMMENDATION: Staff requests confirmation that the spreadsheet accurately reflects the Board’s discussion from May 26 and prioritization of the short term goals for budget purposes.
ATTACHMENTS: Dickinson “Curb Appeal” and Visitor Information Goals Spreadsheet
FUNDING ISSUES Not applicable Not budgeted Full Amount already budgeted.
SUBMITTING STAFF MEMBER EXECUTIVE DIRECTOR APPROVAL
Angela Forbes, Economic Development Coordinator
ACTIONS TAKEN APPROVAL READINGS PASSED OTHER YES NO 1st 2nd 3rd
PAGE 1 OF 1
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Dickinson "Curb Appeal" and Visitor Information Goals
Listing of Robert Brooks Recommendations DEDC Meeting May 26, 2015 (unprioritized)
Short Term Goals (0 to 3 months) Medium Term Goals (3 to 6 months) Long Term Goals (6 months to 2 years)
Move Hwy 3 welcome sign closer to City Center Construction of first Dickinson Visitor Information Kiosk Develop unified "Wayfinding Signs" consistent with Branding Evaluate additional entry signs to direct to City Center Complete steps to locate Kiosk at corner of 517/HRC/FUMC Encourage City establishment of a Parks Department
Determine feasibility of an "Adopt-A-Street Program" Develop maps and collateral information for Kiosks Establish Hike & Bike Trails within the City consistent with Strategic Plan Add "Directional Signage" at HRC Change Location of Gateway Signs/Add sign to South on Hyw 3 Work with City/County to improve boat ramp Review City signage rules/enforcement Follow through with TX DOT signage changes Promote adoption of a "Signage Abatement Program" Initiate Local Business Improvement & Beautification Program Review TX DOT sign placement and recommend changes
* For further explaination please read legend on final page (List includes asphalt and concrete streets) 1 of 7 ITEM 6 NOTES:______AGENDA ITEM 7 Dickinson Economic Development Corporation Agenda Item Data Sheet
MEETING DATE June 8, 2015
TOPIC: Discussion and Direction Regarding Assumptions To Be Used In The Preparation Of FY 2015-2016 Budget
BACKGROUND: Staff would like to review and discuss the assumptions to be used in preparation for the FY 2015-2016 Proposed Budget with regard to the Transfer to the City of Dickinson and Dickinson “Curb Appeal” and Visitor Information Goals.
Each year, the DEDC has made transfers to the City of Dickinson for personnel and other administrative services provided by the City. Staff would like to review the percentages used in the Fiscal Year 2014-2015 Budget to affirm the Board’s desire to incorporate them into the FY 2015-2016 Proposed Budget.
Additionally, based on the discussion regarding the Dickinson “Curb Appeal” and Visitor Information Goals, staff would like direction on how the Board would like this incorporated into the FY 2015-2016 Proposed Budget.
RECOMMENDATION: Staff requests direction from the Board concerning how it wishes to proceed with developing the Fiscal Year 2015-2016 Budget with regard to the Transfer to the City of Dickinson and Dickinson “Curb Appeal” and Visitor Information Goals.
ATTACHMENTS: Fiscal Year 2014-2015 Transfer to City of Dickinson
FUNDING ISSUES Not applicable Not budgeted Full Amount already budgeted.
SUBMITTING STAFF MEMBER EXECUTIVE DIRECTOR APPROVAL
Julie M. Robinson, Executive Director
ACTIONS TAKEN APPROVAL READINGS PASSED OTHER YES NO 1st 2nd 3rd
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DICKINSON ECONOMIC DEVELOPMENT CORP. FY 2014 - 2015 TRANSFER TO CITY OF DICKINSON
Annual Salary & Percent of Item PERSONNEL SERVICES Benefits/Expenditure Paid by DEDC FY 14-15 City Administrator/DEDC Executive Director $166,731 25% 41,682.86 Administrative Services Manager $66,700 17% 11,299.65 City Secretary $74,176 10% 7,417.58 Public Works Director $112,883 10% 11,288.30 Economic Development Coordinator $58,070 75% 43,552.28 Admin. Asst. to ED Coordinator $27,851 100% 27,851.18 SUBTOTAL 143,091.84
OTHER ADMINISTRATIVE SERVICES PAID TO CITY Information Technology $5,000 100% 5,000.00 Office Space Rental $3,000 100% 3,000.00 Utilities $2,000 100% 2,000.00 Finance & Audit Fees $1,000 100% 1,000.00 SUBTOTAL 11,000.00
TOTAL 154,091.84
QUARTERLY BILLING AMT 38,522.96 ITEM 7 NOTES:______AGENDA ITEM 8 Dickinson Economic Development Corporation Agenda Item Data Sheet
MEETING DATE June 8, 2015
TOPIC: Briefing And Discussion Concerning Candidates For Dickinson Economic Development Corporation Board To Be Interviewed By Dickinson City Council
BACKGROUND: The Dickinson City Council will be interviewing the following candidates for the DEDC Board on Tuesday, June 9, 2015:
H. Scott Apley Robert Donley Mary Dunbaugh Martin P. Hodgins Mark Martelli Jonathan Rodriguez William Schick
RECOMMENDATION: None
ATTACHMENTS: Copies of Applications for Each of the Above Named Individuals
FUNDING ISSUES Not applicable Not budgeted Full Amount already budgeted.
SUBMITTING STAFF MEMBER EXECUTIVE DIRECTOR APPROVAL
Julie M. Robinson, Executive Director
ACTIONS TAKEN APPROVAL READINGS PASSED OTHER YES NO 1st 2nd 3rd
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ITEM 8 NOTES:______AGENDA ITEM 9
EXECUTIVE SESSION
RECESS TIME:______AGENDA ITEM 10
RECONVENE
TIME:______AGENDA ITEM 11 ITEM 11 NOTES:______AGENDA ITEM 12 ITEM 12 NOTES:______AGENDA ITEM 13
ADJOURN
TIME:______MOTION:______SECOND:______VOTE______FYI Dickinson Economic Development Corporation
Monthly Financial Report Period Ending April 30, 2015
DICKINSON ECONOMIC DEVELOPMENT CORPORATION FY 2014‐2015 BUDGET VS. ACTUALS AS OF APRIL 30, 2015
FY 2014‐2015 FY2014‐2015 ACTUALS ADOPTED ACTUALS (UNDER)/OVER % OF BUDGET YEAR TO DATE BUDGET BUDGET REVENUE
Sales Tax Revenue 1,269,638 367,749 (901,889) 29.0% Rental Income 9,000 3,455 (5,545) 38.4% Train Show Revenue ‐ ‐ ‐ 0.0% Interest Income 1,500 996 (504) 66.4% Use of Fund Balance ‐ ‐ ‐ 0.0% Misc. Income (Property Tax Rebate) ‐ 267,217 267,217 0.0%
TOTAL REVENUES$ 1,280,138 $ 639,418 $ (640,720) 49.9%
EXPENDITURES
Debt Service Principal 50,000 50,000 ‐ 100.0% Interest 12,705 12,705 ‐ 100.0% Total Debt Service$ 62,705 $ 62,705 $ ‐ 100.0%
Historical Railroad Center Building & Property Maintenance 35,000 19,493 (15,507) 55.7% Computer Maintenance & Network ‐ ‐ ‐ 0.0% Dues, Subscriptions & Books 900 900 ‐ 100.0% Marketing & Advertising 5,000 766 (4,234) 15.3% Museum Exhibits 1,000 ‐ (1,000) 0.0% Office Supplies 5,500 2,456 (3,044) 44.7% Property/Liability Insurance 10,000 8,422 (1,578) 84.2% Storage Rental 2,400 ‐ (2,400) 0.0% Utilities ‐ Electric, Gas & Water 20,000 10,977 (9,023) 54.9% Total Historical Railroad Center$ 79,800 $ 43,015 $ (36,785) 53.9%
Contract Services ED Consulting 10,000 10,000 ‐ 100.0% Financial & Auditing 1,000 500 (500) 50.0% GIS 5,600 3,000 (2,600) 53.6% Legal 7,500 905 (6,595) 12.1% Multimedia Services 500 ‐ (500) 0.0% Branding & Marketing Study 25,000 25,000 ‐ 100.0% Demolition Services 54,525 54,525 ‐ 100.0% Total Contract Services$ 104,125 $ 93,930 $ (10,195) 90.2% DICKINSON ECONOMIC DEVELOPMENT CORPORATION FY 2014‐2015 BUDGET VS. ACTUALS AS OF APRIL 30, 2015
FY 2014‐2015 FY2014‐2015 ACTUALS ADOPTED ACTUALS (UNDER)/OVER % OF BUDGET YEAR TO DATE BUDGET BUDGET DEDC Administration/Operations Building Maintenance 500 ‐ (500) 0.0% Bank Service Charges 367 201 (166) 54.8% Dues, Subscriptions & Books 5,500 202 (5,298) 3.7% Information Technology 10,350 2,679 (7,671) 25.9% Marketing & Promotions 20,000 16,322 (3,678) 81.6% Office Space Rental 3,000 1,500 (1,500) 50.0% Office Supplies & Postage 2,502 137 (2,365) 5.5% Personnel Services 143,092 71,546 (71,546) 50.0% Public Official/E&O Insurance 1,167 ‐ (1,167) 0.0% Travel & Training 11,489 815 (10,674) 7.1% Utilities 2,492 1,000 (1,492) 40.1% Total DEDC Administration/Operations$ 200,459 $ 94,402 $ (106,057) 47.1%
ED Projects & Programs Hughes Rd. 10,000 ‐ (10,000) 0.0% Cedar Oaks 25,000 18,782 (6,218) 75.1% Hwy 3 Façade Improvement Program 28,000 ‐ (28,000) 0.0% Shop in Dickinson Program 1,000 ‐ (1,000) 0.0% ED Grants & Projects 57,500 30,000 (27,500) 52.2% Total ED Projects & Programs$ 121,500 $ 48,782 $ (72,718) 40.1%
Capital Outlays Computers/Office Equipment 3,000 1,262 (1,738) 42.1% Contractual Payments‐RR Depot 26,027 ‐ (26,027) 0.0% Real Property Acquisition 682,062 136,697 (545,365) 20.0% Total Capital Outlays$ 711,089 $ 137,960 $ (573,130) 19.4%
TOTAL EXPENDITURES$ 1,279,678 $ 480,793 $ (798,885) 37.6%
NET INCOME$ 460 $ 158,624 DICKINSON ECONOMIC DEVELOPMENT CORPORATION BALANCE SHEET FISCAL YEAR 2014‐2015 AS OF APRIL 30, 2015
ASSETS
Current Assets Cash & Investments BBVA Operating Account* 412,740 BBVA Money Market Account 284,813 Hometown Bank ‐ Checking 14,500 Hometown Bank ‐ CD 250,000 Texas First Bank ‐ CD 250,000 TexPool 116,470 Total Cash 1,328,523
Accounts Receivable Sales Tax Receivable ‐ Other Accounts Receivable ‐ Total Accounts Receivable ‐
Total Current Assets$ 1,328,523
TOTAL ASSETS$ 1,328,523
LIABILITIES & EQUITY
Liabilities Current Liabilities Accounts Payable Due to City of Dickinson 499 Total Accounts Payable$ 499
Total Current Liabilities$ 499
Total Liabilities$ 499
Equity Beginning Fund Balance 1,169,400 Net Income 158,624 Total Equity$ 1,328,024
TOTAL LIABILITIES & EQUITY$ 1,328,523
*Differs from Bank (Ending Market Value) due to Uncleared Transactions.