11-A PEDC Budget Approval
DRAFT
f:attorneylreswork\current\pedc Budget Appr 2006-2007
September 19, 2006
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS,
PARIS, TEXAS, ACCEPTING AND APPROVING THE PARIS ECONOMIC
DEVELOPMENT CORPORATION BUDGET FOR THE FISCAL YEAR
OCTOBER 1, 2006, TO SEPTEMBER 30, 2007; MAKING OTHER FINDINGS
AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the Paris Economic Development Corporation has presented its budget for
the fiscal year beginning October 1,2006, and ending September 30, 2007; and,
WHEREAS, it is appropriate that said budget, attached hereto as Exhibit A, be accepted
and approved; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS,
TEXAS:
Section 1. That the findings set out in the preamble to this resolution are hereby in all
things approved.
Section 2. That the proposed budget for the Paris Economic Development Corporation,
for the fiscal year beginning October 1, 2006, and ending September 30, 2007, be, and the same
is hereby, accepted and approved.
Section 3. That this resolution shall be effective from and after its date of passage.
PASSED AND APPROVED this 25th day of September, 2006.
Richard Manning, Mayor
ATTEST:
Janice Ellis, City Clerk
APPROVED AS TO FORM:
John D. Lestock, Assistant City Attorney
r"
PARIS ECONOMIC DEVELOPMENT CORPORATION
Revenue Statement
2006-2007
Anticipated Cash Position 9/30/06
(These funds will be carried over to 2005/06 budget)
Revenue 2006-2007:
Estimated Sales Tax
Estimated Interest
Paris Packaging Payments
TomlCurrentRevenue
Total Resources
Committed Funds:
Bond Debt Payments
C- Tech Loan Payments
Ind. Park Loan Payments
Chamber of Commerce
Campbell's Deceleration Lane
Texas One Program
Total Commitment of Existing Funds
Available Funds For Projects 2006-2007
Long Term Obligations (as of 9-30-06):
Bonds Payable (over 12 years)
C-Tech Debt Payable (over 2 years)
Ind. Park Debt Payable - est. (over 3 years)
Total Long Term Obligations
EXHIBIT A
$1,000,000
20,000
384,000
387,000
219,638
226,500
225,383
50,000
5,000
1,113,521
$1,290,479
$1,000,000
1,404,000
2,404,000
2,965,000
370,751
677,416
$4,013,167
r
PARIS ECONOMIC DEVELOPMENT CORPORATION
2006-2007
BUDGET
,::::::<.::, ....:::.:.:. ::::<"AemUAU' . . . .!-\e;rp.~L::::::::: :p;.~i~n;:pws.Q . ....aufj~em::)
.... .:iiiiiiii:ijiiiiiijjiiiiiijiiiiiiiiii::iiiijji:j:!ij!iJii.:.i!!!!!i.:ii!i: !iii:!::!ii:!i:i'::':I~~II:::i:::i!i!:!iiii:ii:::::".'::::!:::::::llfPI::::::::;!:::::::::::::::' :::::::::::::::!:::2P.:Q:I:~Qi.::::::::::::'::: :::::'::::::::::::.:2QQ6fQZ'::::::,:::,::
0001 New Industry Projects 61,666 40,018 27,428 645,240
C-Tech $1,000,000 Debt 200,844 219,638 219,638 219,638
Industrial Park 897,430 417,981 20,000 0
Industrial Park Debt 0 226,500 226,500 226,500
TCIM 25,000 0 0 0
Texas One Program 0 5,000 5,000 5,000
0002 Existing Industry Projects 0 5,136 10,000 645,239
Paris Packaging 409,566 389,000 387,000 387,000
Hearne St. Extension 47,774 156,283 0 0
Campbell's Training 0 0 50,000 50,000
We Pack 0 5,000 0 0
SUB TOTAL 1,642,280 1,464,556 945,566 2,178,617
... '.:.:.;.'........... .........:11j1~~tf1I1~I~~11iI~jjjI~1[1~1j~111111~111ijjjjjljljljjjjjjjjjjl1111~111111~1~1~1jjjjj~t~J111jjjjjIjjjl111111111jjjj1tlr1jjjjljljj!jj1jjjl1jjf1tj~
:11!jijjjjjjj1jjlJj1jmjmjljjjjj jjjj~11~1111jjjj~jj~rjIj~j11~jjIj1111~1jjjjjjjIj111jjjjjjjjjf:1~j;~~1;~::""'"
1 001 Office Equipment
0201 Office Supplies
0202 Postage
4,041
5,626
9,388
5,132
7,259
5,766
4,000
4,000
5,000
3,000
4,000
6,000
-------- ------------------------------------------ ------------------------------------------------------------------------------ --
SUB TOTAL
$19,055
$18,157
$13,000
$13,000
0301 Communications 1,190 2,966 3,000 3,500
0305 Special Services Fees/Consultants 3,750 0 20,000 25,000
0306 Travel 31,870 30,772 20,000 20,000
0307 Subscriptions 495 685 435 1,000
0310 Miscellaneous 0 1,002 1,000 1,000
0311 Associations 3,913 2,183 4,256 3,000
0315 Promotional/Advertising 32,780 23,002 40,000 25,000
0349 City Services 0 0 0 0
0350 Compensation - Director 61,407 61,407 65,646 67,000
0351 Compensation - Asst. Director 48,792 47,115 49,643 53,133
Chamber Administration Fee 0 10,000 10,000 1'0,000
Audit 3,550 3,750 3,750 3,750
SUB TOTAL $187,747 $182,882 $217,730 $212,383
0610 Reference Materials
0610-11 Contingency
o
437
o
65
o
o
o
o
-------- ------------------------------------------ ------------------------------------------------------------------------------ --
SUB TOTAL
$437
$65
$0
.......................................
. . . . . , . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. .
.................... .... ................................. .....
............ ...... .......................................
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
......... ... ........... ....... .......................................
..............,......................
......................................
..................................... ........,......................,.......
.I..I.I..I~I.~II!~~.~.I:.: ...........:..I~I.~III.~III::::i
... .
. ................................
. ..............................,.
. ................................
. ............................""
. ................................
. .............. ................
............. ............
....................... ..
................. ........
..........................
. . . . . . . . . . . . . . . . . . . . . . . . . .
.............. ........... .......
r