HomeMy WebLinkAboutResolution Fort Worth Local Development Corporation (FWLDC) FWLDC-2013-08RESOLUTION NO. FWLDC-2013-08
FORT WORTH LOCAL DEVELOPMENT CORPORATION
RESOLUTION
OF THE BOARD OF TRUSTEES
Approving the 2013-2014 Fiscal Year Budget
WHEREAS, the administrative staff of the Fort Worth Local Development Corporation,
a Texas non-profit corporation (the "Corporation"), presented the attached proposed budget for
the 2013-2014 fiscal year of the Corporation (the "Budget") during the Corporation's meeting on
November 5, 2013; and
WHEREAS, members of the Board of Trustees were permitted to ask questions and to
request clarifications of the staff with respect to the Budget;
NOW, THEREFORE, BE IT RESOLVED that, the administrative staff s Budget
presentation having been completed and all questions and clarifications requested by members of
the Board of Trustees having been answered, the Budget is hereby adopted for all purposes;
FURTHER RESOLVED, that the Secretary or any Assistant Secretary of the
Corporation is hereby authorized and directed to certify the adoption of this Resolution.
Adopted this 5th day of November, 2013.
Fort Worth Local Development Corporation
Proposed Budget
October 1, 2013 through September 30, 2014
(Unaudited)
Revenues
Property Tax Reimbursement
Revenue from Rents
Gas Lease Royalties
Interest Income
Change in Fair Value of Investi
Other Revenue
Total Revenue
Expenditures
Transfer to City (Salaries)
Bank Charges
Commissions
Conferences & Seminars
Contractual Services
Insurance
Property Management
Property Improvements
Property Taxes
Repairs
Security System
Storm Water Utility
Surveys & Appraisals
Utilities
Total Expenditures
Blue Mound Rd.
Other Activities
Total
$11,059.31
$0.00
$11,059.31
541,860.59
0.00
541,860.59
200,000.00
5,000.00
205,000.00
0.00
3,000.00
3,000.00
0.00
0.00
0.00
0.00
0.00
0.00
752, 919.90
8,000.00
760, 919.90
$0.00
$26,000.00
$26,000.00
350.00
0.00
350.00
18, 374.00
0.00
18, 374.00
0.00
5,000.00
5,000.00
128,843.60
14,100.00
142,943.60
81,900.00
2,100.00
84,000.00
21,674.42
0.00
21,674.42
0.00
50,000.00
50,000.00
111,620.00
10,920.00
122,540.00
80,000.00
0.00
80,000.00
5,280.00
0.00
5,280.00
33,600.00
0.00
33,600.00
0.00
5,000.00
5,000.00
30,000.00
0.00
30,000.00
511,642.02
113,120.00
624,762.02
Excess of Revenues Over Expenditi $241,277.88 ($105,120.00) $136,157.88