HomeMy WebLinkAbout025814 RES - 07/13/2004RESOLUTION
APPROVING THE CITY OF CORPUS CHRISTI, TEXAS, BUSINESS
AND JOB DEVELOPMENT CORPORATION'S BUDGET FOR FISCAL
YEAR 2004-05
WHEREAS, the Board of Directors of the City of Corpus Christi, Texas Business and
Job Development Corporation on Thursday, July 8, 2004, adopted its budget for Fiscal
Year 2004-05.
WHEREAS, Section 21 of the Texas Development Corporation Act of 1979, Art. 5190.6,
Vernon's Texas Revised Civil Statutes, requires the City Council to approve all
programs and expenditures of the corporation and annually review any financial
statements of the corporation.
WHEREAS, the members of the City Council and the City staff have reviewed the
budget prepared by the Corporation for fiscal year 2004-05.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
SECTION 1. The City Council approves the budget for Fiscal Year 2004-05, adopted
by the Board of Directors of the City of Corpus Christi, Texas Business and Job
Development Corporation on Thursday, July 8, 2004. The copy of the budget is
attached to this resolution as Attachment A.
ATTEST:
THE CITY OF CORPUS CHRISTI
Armando Chapa
City Secretary
Mayor
APPROVED: 8th day of July, 2004.
Lisa Aguilar (_J
Assistant City Attorney
for City Attorney
July 13, 2004 4A Corp Budget.doc
SEAWAJ. L IMPROVEMENT FUND (1120)
Expenditure Detail by Organization
ORG
NUMBER
13824
6O0OO
60130
ORGANIZATION
NAME
Seawall Administration
Total Depar~lentai Expenditures
Non-Departmental Expenditures
Operating Transfers Out
Transf~ to De~ Service
Total Non-Departmenta~ Expend;,tures
ACTUAL
2002-
2OO3
0
0
3,080,640
3,101,640
BUDGET
2003-
2004
15,000
15,000
0
3,007,963
3,007,9~3
ESTIIVI~TED
2OO3-2O04
15,000
15,000
0
3,007,053
3,007,1~3
PROPOSED
2O04-2O05
15,000
15,000
0
3,052,181
3,052,181
TOTAL SEAWALL IMPROVEMENT FUND
(1120)
RESERVED FOR ENCUMBRANCES
RESERVED FOR COMMITMENTS
UNRESERVED
CLOSING BALANCE
3,101,640
0
0
4,466,678
4,466,678
3,0Z2,963
0
0
5,811,479
5,811,479
3,067,181
0
0
7,265,363
7,285,383
ARENA FACILITY FUND (1130)
Expenditure Detail by Organization
ORG I ORC~IZATION
NUMBER NAME
1382O
13821
2OO3
55010
60400
60130
60145
BUDGET
2003-2004
Departmental E. xpanditums
Arena feaslbillb/& development 0 552,653
Arena Administration 15,000 10,000
Total Departmental Expenditures 15,000 562,653
Non-Departmental E.xpe~ditums
Interest 86,974 0
Transf~ to Visitors Facility 0 O
Transfer to Debt Service 0 3,289,137
Transfer to CCBJDC Debt Svc Fund 1,420,738 0
Total Non-Depart~nental Exp. 1,517,712 3,289,137
ESTIMATED
2OO3-2OO4
1,311,151
10,000
1,321,151
0
0
3,289,137
0
3,289,137
PROPOSED
200~20(~
52,048
10,000
62,048
0
705,438
3,405,092
0
4,110,530
TOTAL ARENA FACILITY FUND
(1130)
RESERVED FOR
ENCUMBRANCES
RESERVED FOR COMMITMENTS
UNRESERVED
CLOSING BALANCE
1,532,712 3,851,790
6.7~,586
6,7~,586
4,610,288
6,526,867
6,526,867
4,172,578
6,871,161
6,871,161
BUSINESS & JOB DEVELOPMENT FUND (1140)
Expenditure Detail by Organization
ORG
NUMBER
ORGANIZATION
NAME
ACTUAL
2002-
2O03
13826
15OO0
15010
15O20
15030
Departmental Expenditures
Baseball Stadium
Affon3able Housing
Major Business Incentive Prjct
Small Business Projects
BJD - AdmlnlstratJon
Total Depar'm~ental Expenditures
2O04
6O130
Non-Departmental Expenditures
Transfe~ to Debt Service
Total Non-Departmental Expenditures
ESTIMATED
2003-2004
0 2,100,000 2,559,999 162,798
0 500,000 500,000 500,06O
0 1,326,000 300,000 1,350,0OO
0 200,000 200,000 200,000
0 5,000 4,999 5,000
0 4,131,000 3,564,998 2,217,798
0 0 0
0 0 0
2,291,&58
2,291,8,5~
TOTAL BUSINESS & JOB DEVEL FUND
(1140)
RESERVED FOR ENCUMBRANCES
RESERVED FOR COMM~MENTS
UNRESERVED
CLOSING BALANCE
0 4,131,0OO
0
0
1,048,603
1,048,803
0
0
1~620,707
1,820,707
0
0
1,716,233
1,716,233
Corpus Christi, Texas
/7 Dayof C~b~ .~ ,200~
The above resolution was passed by the following vote:
Samuel L. Neal, Jr.
Brent Chesney
Javier D. Colmenero
Melody Cooper
Henry Garrett
Bill Kelly
Rex A. Kinnison
Jesse Noyola
Mark Scott