16-SECTION 8.03 OF PEDC'S BYLAWS REQUIRES BUDGET BE SUBMITTED TO CITY MANAGER ON OR BEFORE JUNE 30CITY COUNCIL AGENDA ITEM BRIEFING SHEET
Submittal Date:
08/02/2012
Council Date:
08/13/2012
Originating Department:
PEDC
Presented By:
Steve Gilbert, Executive Director
Agenda Item No.:
16.
RECOMMENDED MOTION:
Not an action item
POLICY ISSUE(S):
Fiscal
BACKGROUND:
Section 8.03 of the Paris Economic Development Corporation's Bylaws requires that the budget be
submitted to the City Manager on or before June 30 for inclusion in his annual budget to be presented to
the City Council.
BOARD/COMMISSION RECOMMENDATION:
EXHIBITS:
Revenue and Expense Information
ACTION:
BUDGET INFO:
❑ Financial Report ❑ Minute Order
Expense
$
❑ Department Report ❑ Resolution
Budgeted Amt.
$
M Presentation ❑ Ordinance
y'I'D Actual
$
❑ Public Hearing ❑ Other
Acct. Name
Acct. Number
FISCAL NOTES:
City of Paris ` 110 Revised 2/04/08
PEDC Certificates of Deposit as of May, 2011
Banking Institution:
Amount:
Peoples
$95,000
Lamar National
$95,000
Capital One
$95,000
First Federal
$95,000
Liberty National
$95,000
Guarnaty Bond Bank
$95,000
Total Revenues in CDs
$570,000
Maturity:
5/14/2012
4/29/2012
4/17/2012
4/29/2012
8/25/2010
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