17-PEDC BOARD REQUESTING 2011-12 BUDGET BE AMENDEDCITY COUNCIL AGENDA ITEM BRIEFING SHEET
Submittal Date:
4-13-12
Council Date:
4-2'i -12
Finance
Gene Anderson
Agenda ltem ivo.:
17.
RECOMMENDED MOTION:
Motion to approve the amended PEDC budget as proposed.
POLICY ISSUE(S):
Fiscal management.
The PEDC Board is requesting that their 2011-12 budget be amended so that expense line items match
up with their 2012-14 business plan. The total budget does not change.
This is an improvement in the clarity of their budget document, and City staff recommends approval.
The exhibit shows a side by side comparison of the original budget and the proposed amended budget.
BOARD/COMMISSION RECOMMENDATION:
The PEDC Board has approved this amendment.
EXHIBITS:
Resolution; Budget document.
ACTION:
F] Financial Report
❑ Department Report
❑ Presentation
F] Public Hearing
FISCAL NOTES:
None
BUDGET INFO:
] Minute Order
Expense
$NA
Z Resolution
Budgeted Amt.
$NA
E] Ordinance
yTD Actual
$NA
~ Other
Acct. Name
NA
Acct. Number
NA
REVIEWED AND APPROVED BY:
Z Administration E City Clerk ❑ Communiry Development ❑ EMS/IT ~ Finance ❑ Fire
n Municipal Court E Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities
Originating Department: Presented By:
Revised 2/04/08
City of Paris ` 155
Draft
RESOLUTION N0.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS,
APPROVING AN AMENDMENT TO THE PARIS ECONOMIC DEVELOPMENT
CORPORATION BUDGET FOR THE FISCAL YEAR OCTOBER 1, 2011, TO
SEPTEMBER 30, 2012 TO MATCH EXPENSE LINE ITEMS WITH THEIR
2012-2014 BUSINESS PLAN. THE TOTAL BUDGET DOES NOT CHANGE;
MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE
SUBJECT; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Council of the City of Paris approved and accepted the Paris
Economic Development Corporation Budget for the fiscal year beginning October 1, 2011,
and ending September 30, 2012; and,
WHEREAS, The Paris Economic Development Corporation Board is requesting that
their 2011-2012 budget be amended so that expense line items match their 2012-2014
business plan. The total budget does not change; and,
WHEREAS, City staff recommends approval of this improvement in the clarity of the
Paris Economic Development Corporation budget document as further described in the
side by side comparison attached hereto as Exhibit "A", and;
WHEREAS, it is appropriate that said amendment be made to the PEDC 2011-2012
Budget and the same should be approved.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
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 2011-2012 Paris Economic Development Corporation Budget
be amended as set forth in Exhibit "A" attached so that expense line items match their
2011-2014 business plan, and the same is hereby, approved.
Section 3. That this resolution shall be effective from and after its date of passage.
PASSED AND APPROVED this 23rd day of April, 2012.
A.J. Hashmi, M.D., Mayor
° ~ 5(>
Paris Economic Development Corporation
vr,.-cPfi nMFl11T)F1) Rurlvet fnr FY 201 ]-12
Acct #
Account Name
Fl 2011-12
Budget
Amount
FY 2011-12
Budget
Amount
02-0001-11-01
New Industry Projects
$ 228,104
$ 32,715
02-0002-11 -01
Existing Industry Projects
207,001
32,715
02-0020-11-01
Campbell'sSoup
100,000
100,000
02-0028-] 1-Ol
TCIM Incentive
125,000
125,000
02-0042-11-01
Incubator Project + Operations Mgr. (July-Sept.)
95,500
109,250
02-0043-1 l-Ol
Retail Attractions (Rickey Hayes)
33,000
33,000
02-004411-01
Project Fresh Air
250,000
250,000
02-0045-11-01
HWH/Rogers-Wade
30,000
30,000
02-0316-11-01
Civic Engagement & Leadership for Economic Growth
-
15,000
02-0317-11-0 1
Global Recruiting, Attraction & Market Positioning
-
75,000
02-0318-11-01
Advanced Manufacturing Academy &"Talent Ready"
-
50,000
02-0319-1 1-01
Entrepreneurial Resources
-
30,000
02-0320-I1-01
Rurallnnovation
-
30,000
02-0321-1 ]-O1
Diversity Initiative (PEDC Share)
-
44,900
02-0322-11-01
Paris Living Agreement
-
10,000
02-0323-11-01
Research 360' Analyst & EMSI Tools
-
15,995
02-0324-1 1-01
Richard Seline Phase I(Final Payment)
-
5,775
02-0325-11-O1
Richard Seline Contract Phase II
-
70,000
02-0101-11-01
Salaries & Wages
178,270
180,000
02-0102-] 1-Ol
Social Security/Medicare (6.2%/1.45%)
12,000
13,800
02-0103-] 1-Ol
Retirement (401K thru Edward Jones)
7,600
9,000
02-010411-01
lnsurance Benefits
32,075
37,600
02-0105-11-01
V1'orkers Compensation Insurance
-
800
02-0201-11-01
Office Supplies
6,750
6,750
02-0202-11-01
Postage
1,800
1,800
02-0203-11-01
Food
2,500
2,500
02-0301-11-01
Communications/Telephone
6,500
6,500
02-0302-11-01
Car Allowance - Exec. Director/Asst. Exec. Director
12,000
12,000
02-0303-11-02
lnsurance & Bonds
3,200
3,200
02-0306-I1-01
Travel Expenses
24,000
24,000
02-0307-11-01
PmbiieNotieegPublications
500
500
02-0308-11-01
All UtiliNes
2,700
2,700
02-0310-11-01
Miscellaneous
1,000
1,000
02-0311-71-01
Contractual - Associarions
10,000
10,000
02-0314-11-O1
Training
8,000
8,000
02-0315-1 1-Ol
Promotional - Advertising
40,000
40,000
02-0348-11-01
Chember- . llepot Lease
60,000
60,000
02-0355-1 t-ol
Rachel - Contract Labor + College lntern
17,000
15,000
02-0402-11-01
Industrial Park Maintenance
18,000
15,000
02-0605-11-01
AudiNng
5,000
5,000
02-1002-I1-01
Machinery Tools Equipment
5,000
5,000
TOTAL BUDGET
$ 1,522,500
$ 1,522,500
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