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No. 11 <br />TO: Mayor, Mayor Pro Tem & City Council <br />FROM: Grayson Path, City Manager <br />SUBJECT: TIRZ Expense <br />DATE: June 24, 2024 <br />BACKGROUND: <br />The TIRZ Board Bylaws, Article I, Section 2 states: <br />"The City Council must approve all programs and, eoenditures for the Zone and annually review <br />any financial statements of the Zone. " <br />At the April 22, 2024 City Council meeting, pre -approval was given to authorize the expenditure of TIRZ <br />Funds to hold an educational training conducted by the Texas Comptroller's Office to the TIRZ Board. This <br />presentation was held on May 9, 2024. <br />STATUS OF ISSUE: <br />The Texas Comptroller Office submitted receipts to the City and TIRZ Board on May 20th for <br />reimbursement. The TIRZ Board authorized their expense on June 13, 2024. In accordance with the TIRZ <br />Board Bylaws, while the City Council has already provided pre -approval, for lack of an official procedure, <br />this item is being brought back for final approval. <br />BUDGET: <br />Receipts totaling $87.27 were submitted for fuel and car rental (available upon request). These funds were <br />paid out of the TIRZ Fund. Given the pre -approvals provided and the fees appeared reasonable, this amount <br />has already been paid, however, the TIRZ Board is seeking final post approval by the City Council. <br />RECOMMENDATION: <br />1. Authorize the expenditure of TIRZ Funds for the May 9, 2024 Texas Comptroller Office <br />presentation in the amount of $87.27. <br />