January 9, 2017 Dickinson Economic Development Corporation, Regular Meeting 6:30pm

Transcription

1 January 9, 2017 Dickinson Economic Development Corporation, Regular Meeting 6:30pm

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4 AGENDA ITEM 1

5 Dickinson Economic Development Corporation Meeting CALL TO ORDER Pledge of Allegiance Given by: ROLL CALL

6 DICKINSON ECONOMIC DEVELOPMENT CORPORATION MEETING ATTENDANCE LIST MEETING DATE: January 9, 2017 Regular Meeting BOARD PRESENT ABSENT Darrell Carney Mike Reinschmidt Libby Moreno Robert Donley Chris Tucker Mark Martelli Marty Hodgins MAKE NOTE ON RECORDING: THE FOLLOWING ALSO ARE IN ATTENDANCE: Economic Development Coordinator, Angela Forbes Mayor, Julie Master Councilman Wally Deats

7 AGENDA ITEM 2

8 Darrell Carney, President Mike Reinschmidt, Vice President Libby Moreno, Secretary Marty Hodgins MINUTES City of Dickinson Dickinson Economic Development Corporation SPECIAL MEETING November 7, 2016 Robert Donley Chris Tucker Mark Martelli Angela R. Forbes, Interim Executive Director NOTICE is hereby given of a SPECIAL MEETING of the Dickinson Economic Development Corporation of the City of Dickinson, County of Galveston, State of Texas, to be held on Monday, November 7, 2016, at 6:30 p.m. at: Dickinson City Hall, 4403 Highway 3, Dickinson, Texas in the Council Chambers for the purpose of considering the following numbered items. The Dickinson Economic Development Corporation of the City of Dickinson, Texas, reserves the right to meet in a closed session on any of the below items should the need arise and if applicable pursuant to authorization by Title 5, Chapter 551, of the Texas Government Code. ITEM 1.) CALL TO ORDER AND CERTIFICATION OF A QUORUM President Darrell Carney called the meeting to order at 6:34 p.m. Interim Executive Director Angela Forbes called roll and certified a quorum. Board Members present were as follows: Darrell Carney, Mike Reinschmidt, Marty Hodgins, Robert Donley, Chris Tucker and Mark Martelli. Also present were Interim Executive Director Angela Forbes, Mayor Julie Masters and Councilman Wally Deats. Director Moreno was absent ITEM 2.) EXECUTIVE (CLOSED) SESSION The Dickinson Economic Corporation will hold a closed executive meeting pursuant to the provision of Chapter 551, Government Code, Vernon s Texas Codes annotated, in accordance with the authority contained in: President Darrell Carney recessed the regular meeting into a second Executive Session at 6:35 p.m. A. Section Discuss or deliberate regarding commercial or financial information that the Dickinson Economic Development Corporation has received from a business prospect that the Dickinson Economic Development Corporation seeks to have locate, stay or expand in or near the City and which the Dickinson Economic Development Corporation is conducting economic development negotiations. ITEM 3.) B. Section Deliberation Regarding Real Property Discussion Regarding the Purchase, Exchange, Lease or Value of Real Property.. RECONVENE President Darrell Carney reconvened the regular meeting at 8:28 p.m. November 7, 2016 DEDC Meeting Agenda Page1 of 2

9 ITEM 4.) CONSIDERATION AND POSSIBLE ACTION CONCERNING: Matters discussed in Executive Session. No items discussed. ITEM 5.) ITEM 6.) FUTURE AGENDA ITEMS ADJOURN Director Donley made a motion to adjourn the meeting at 8:21 p.m. The motion was seconded by Director Reinschmidt. VOTE: 6 AYES (Carney, Reinschmidt, Donley, Tucker, Martelli, Hodgins) 0 NAYS MOTION PASSED PASSED, APPROVED AND ADOPTED this the 14 th day of November, Darrell Carney, President November 7, 2016 DEDC Meeting Minutes Page 2 of 2

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15 AGENDA ITEM 5

16 Dickinson Economic Development Corporation Agenda Item Data Sheet MEETING DATE January 9, 2017 TOPIC: Briefing and Discussion Concerning Quarterly Investment Report & Financials For Period Ending September 30, BACKGROUND: Per the Corporation s Investment Policy, the Investment Officer shall prepare an investment report at least quarterly, including a management summary that provides an analysis of the status of the current investment portfolio and transactions made over the last quarter. This investment report covers the quarter ending September 30, RECOMMENDATION: None. ATTACHMENTS: Quarterly Investment and Financial Report For FY Quarter Ending September 30, FUNDING ISSUES Not applicable Not budgeted Full Amount already budgeted. Funds to be transferred from Acct.# - - SUBMITTING STAFF MEMBER Stephanie Russell, Chief Financial Officer EXECUTIVE DIRECTOR APPROVAL Angela R. Forbes APPROVAL YES NO ACTIONS TAKEN READINGS PASSED 1 st 2 nd 3 rd PAGE 1 OF 1 OTHER

17 Dickinson Economic Development Corporation Quarterly Investment & Financial Report Period Ending September 30, 2016

18 DICKINSON ECONOMIC DEVELOPMENT CORPORATION INVESTMENT REPORT SEPTEMBER 30, 2016 Interest Rate Purchase Date Days to Maturity Book Value Beginning Market Value Ending Market Value Market Value Change Interest Paid Year to Date Account Due Date Capital One Operating 0.35% Demand 1 113, , BBVA Compass Operating 0.00% Demand 1 572, , ,695 59, BBVA Compass MMA 0.20% Demand 1 285, , , Hometown Checking 0.00% Demand 1 16,256 15,962 16, TexPool Investment 0.03% Demand 1 116, , , Hometown CD 0.50% 8/17/2016 8/7/ , , ,000 1,232 Texas 1st CD 0.20% 8/6/2016 8/6/ , , , Total (all cash & investments) 1,604,566 1,431,044 1,604,566 60,214 2,464 Weighted Average Rate (WAR) 0.15% Weighted Average Maturity (WAM) days Prepared by: Stephanie Russell, Chief Financial Officer 1/4/2017 Date Julie M. Robinson, City Administrator 1/4/2017 Date

19 DICKINSON ECONOMIC DEVELOPMENT CORPORATION FISCAL YEAR BUDGET VS. ACTUALS QUARTER ENDING SEPTEMBER 30, 2016* Account Name FY Amended Budget FY Actuals Period to Date Actuals (Over)/Under Budget % of Budget REVENUE Sales Tax Revenue 1,472,200 1,562,045 (89,845) 106.1% Miscellanous Income % Rental Income 6,520 7,090 (570) 108.7% Interest Income 1,800 2,323 (523) 129.1% TOTAL REVENUE 1,481,010 1,571,948 (90,938) 106.1% EXPENDITURES Capital Outlays Computers/Office Equipment 3,000 5,311 (2,311) 177.0% Contractual Payments 27,427 27, % Real Property Acquisition 884, ,061 (0) 100.0% Total Capital Outlays 914, ,800 (2,312) 100.3% Contract Services ED Consulting 20,915 20, % Financial & Auditing 1,000 1, % GIS 2,900 2, % Legal 7,500 2,384 5, % Multimedia Services % Demolition Services 54,525 54, % Total Contract Services 87,340 23,861 63, % Debt Service Interest 10,993 10, % Principal 55,000 55, % Total Debt Service 65,993 65, % Projects & Programs Cedar Oaks 75,000 74, % Hughes Road 10,000 4,255 5, % Hwy 3 Façade Improvement Prgm 28,000 28, % Business Retention Prgm 1,000 1, % Visual Improvement Prgm 40,000 40, % Adopt A Street Program 3,820 2,135 1, % Project & Property Design Fees 50,000 50, % Retail Trade Center 30,000 39,083 (9,083) 130.3% ED Grants & Projects 189, ,352 40, % Total Projects & Programs 427, , , % *Unaudited

20 DICKINSON ECONOMIC DEVELOPMENT CORPORATION FISCAL YEAR BUDGET VS. ACTUALS QUARTER ENDING SEPTEMBER 30, 2016* Account Name FY Amended Budget FY Actuals Period to Date Actuals (Over)/Under Budget % of Budget Museum Tourism Building & Property Maintenance 35,950 60,837 (24,887) 169.2% Dues, Subscriptions & Books % Marketing & Advertising 5,000 4, % Office Supplies 5,500 5,807 (307) 105.6% Property/Liability Insurance 6,200 6, % Storage Rental 2,400 2, % Utilities 20,000 14,606 5, % Total Museum Tourism 75,950 92,141 (16,191) 121.3% DEDC Administration/Operations Building Maintenance % Bank Service Charges % Dues, Subscriptions & Books 5,500 3,749 1, % Information Technology 13,850 9,722 4, % Marketing & Promotions 20,000 19, % Office Space Rental 3,000 3, % Office Supplies & Postage 2,502 1,138 1, % Personnel Services 192, ,231 8, % Public Official/E&O Insurance 1,167 1, % Travel & Training 25,000 23,253 1, % Utilities 2,492 2, % Total Admin./Operations 266, ,678 18, % TOTAL EXPENDITURES 1,837,700 1,615, ,741 REVENUE EXPENDITURES (356,690) (44,011) (312,679) *Unaudited

21 DICKINSON ECONOMIC DEVELOPMENT CORPORATION FISCAL YEAR * BALANCE SHEET QUARTER ENDING SEPTEMBER 30, 2016 ASSETS Current Assets Cash & Investments Capital One Operating Account 113,307 BBVA Checking Account 285,091 BBVA Money Market Account 285,468 Hometown Bank Checking 16,256 Hometown Bank CD 250,000 TexPool 116,839 Texas First Bank CD 250,000 Total Cash 1,316,962 Accounts Receivable Sales Tax Receivable 324,843 Other Accounts Receivable 517 Interest Receivable 30 Total Accounts Receivable 325,390 Total Current Assets $ 1,642,351 TOTAL ASSETS $ 1,642,351 LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable Due to City of Dickinson 1,981 Accounts Payable 54,794 Rental Deposits 1,075 Total Accounts Payable $ 57,851 Total Current Liabilities $ 57,851 Total Liabilities $ 57,851 Equity Fund Balance 1,628,512 Net Income (44,011) Total Equity $ 1,584,501 TOTAL LIABILITIES & EQUITY $ 1,642,351 *Unaudited

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23 AGENDA ITEM 6

24 Dickinson Economic Development Corporation Agenda Item Data Sheet MEETING DATE January 9, 2017 TOPIC: BACKGROUND: Dickinson Economic Development Corporation s Sponsorship For 2017 Red, White & Bayou Crawfish And Texas Music Festival. During the budget preparation for Fiscal Year , the Board decided to consolidate the funding for the sub-line items under ED Grants and Projects into one line item. This included the $10, sponsorship for Red, White & Bayou Crawfish and Texas Music Festival Red, White & Bayou Crawfish and Texas Music Festival generated approximately $15,000 that will be awarded to local nonprofits that serve the Dickinson community, and it also generated an economic impact of approximately $141,815 in one day. Since the City is in full planning mode for the 2017 Festival which is scheduled for Saturday, May 20, 2017, it is important for the City to know which sponsorships have been approved. I would appreciate approval from the Board for the $10, sponsorship for this year s Festival. RECOMMENDATION: Staff recommends approval of the $10, sponsorship. ATTACHMENTS: Copy of 2017 Red, White & Bayou Crawfish and Texas Music Festival Sponsorship Packet FUNDING ISSUES Not applicable Not budgeted Full Amount already budgeted. SUBMITTING STAFF MEMBER EXECUTIVE DIRECTOR APPROVAL Angela R. Forbes, Interim Executive Director APPROVAL YES NO ACTIONS TAKEN READINGS PASSED 1 st 2 nd 3 rd PAGE 1 OF 1 OTHER

25 Saturday, May 20, 2017 FM 517 & Highway 3 Dickinson, Texas The 8 th Annual Sponsorship Packet Celebrating 8 Years of Great Food, Fun, and Music!

26 Red, White & Bayou Crawfish & Texas Music Festival What is Red, White & Bayou Crawfish & Texas Music Festival? Red, White & Bayou Crawfish & Texas Music Festival, or RW&B, is a festival hosted by the City of Dickinson, Texas, designed to bring our community together and raise money for local non-profit organizations. Now celebrating its 8 th year, RW&B features great entertainment, like our 2016 headliner, Kevin Fowler, and delicious crawfish and other treats. Attendees can also spend time shopping the numerous arts & crafts vendors or enjoy some of the family friendly activities like our inflatable obstacle course, zip-line, or the crowd-favorite mechanical bull! When and Where is RW&B? The 8 th Annual Red, White & Bayou Crawfish & Texas Music Festival will be held on the grounds and streets surrounding Dickinson City Hall on Saturday, May 20, 2017 from 11:00 AM to 11:00 PM at the intersection of Highway 3 and FM 517 in Dickinson. How Much Does it Cost to Attend? Adult tickets are $5 until 7:00 PM the day of the festival; After 7:00 PM, adult tickets will be $10. Children 12 and under are FREE! Kid s activity wristbands, the all-access pass to the activities and games in the Kids Area, are $15. What s so Special about THIS year? 2017 is our 8 th annual celebration! For 8 years, RW&B has given Dickinson and the surrounding community a great opportunity to come out and celebrate everything Dickinson has to offer. Each year, thousands of people come out to join in on the fun, and we are working hard to make sure 2017 is our best event to date! What Impact does RW&B Have on the Community? RW&B remains focused on having a big impact on local businesses. In 2016, RW&B had a one-day economic impact of $141,815* in direct and indirect spending. (*The 2016 Festival experienced significant rain.) Where Do the Proceeds from RW&B Go? The proceeds from RW&B go right back to our local community. Each year, we select local organizations to receive grants from the proceeds of the Festival to help support projects and programs in the Dickinson community. For 2016, we had $15,000 in grant funds available. Where Can I Get More Information? You can visit our website: You can like us on Facebook. Or give us a call: Call Angela at or Call Julie at

27 Sponsorship Dear Friends, Neighbors and Business Owners, Red, White & Bayou Crawfish and Texas Music Festival is growing and we need your support! In 2016, the Festival experienced a significant amount of rain, but we kept the gates open, attendees came out, and our entertainers went on to play fantastic sets despite the rain! Despite the rain, more than 3,500 people came out to RW&B to jam to our great entertainers, play in the kid zone, shop the more than 90 vendor tents, and eat thousands of pounds of crawfish and other treats. We even had enough proceeds to be able to offer $15, in grants and that was mainly because of our wonderful sponsors! RW&B was organized to bring our community together, to raise funds for local non-profits and to market and promote the City of Dickinson and our region. And there is no better way to promote our great City and region than by partnering with our local businesses and residents to put on the best Festival possible. Therefore, we would like to take this opportunity to invite local businesses and individuals to join with the City of Dickinson to support the Red, White & Bayou Festival. Sponsorship provides your business with direct access to potential customers from the area and promotes your business involvement in the community. In this packet, you will find a number of sponsorship opportunities for you or your business to consider. All of the instructions and forms are provided in the packet as well. Remember, Red, White & Bayou strives to be a family fun event, with great music, activities, and food that will promote our community, raise funds for local non-profits, and keep our patrons coming back year after year. But, we cannot accomplish all of this without the help and support of our neighbors, friends and local businesses. Please consider joining the Red, White & Bayou Festival team and help make 2017 our best Festival to date! Sincerely, Julie M. Robinson Red, White & Bayou Committee Chair It s our 8 th Anniversary this year! Help us celebrate everything Dickinson has to offer!

28 Sponsorship Opportunities & Benefits DIAMOND SPONSOR $25,000 $9,000 CASH MINIMUM Logo Recognition as Event Named Sponsor Logo Recognition on Event Website Homepage and Hyperlink to Company webpage Promotion of Company in ALL Event Publicity, including Media Interviews Logo Recognition on Event T-Shirts Logo Recognition on Event Posters and Flyers Premier Placement of Company- Provided Exhibit Booth on Event Day Company-Provided Stage Banner Displayed Recognition in Event Day Scripts Participation by Company Representative in Introduction of 1 Entertainment Act 14 Free Event Tickets 14 Free Event T-Shirts 14 Beverage Tickets PLATINUM SPONSOR $10,000 $2,500 CASH MINIMUM Logo Recognition on Event Website Homepage and Hyperlink to Company webpage Logo Recognition on Event T-Shirts Logo Recognition on Event Posters and Flyers Premier Placement of Company- Provided Exhibit Booth on Event Day 1 Company Provided Banners Displayed Recognition in Event Day Scripts 12 Free Event Tickets 12 Free Event T-Shirts 12 Beverage Tickets GOLD SPONSOR $5,000 $1,000 CASH MINIMUM Logo Recognition on Event Website Homepage and Hyperlink to Company webpage Logo Recognition on Event T-Shirts Logo Recognition on Event Posters and Flyers Premier Placement of Company- Provided Exhibit Booth on Event Day Recognition in Event Day Scripts 10 Free Event Tickets 10 Free Event T-Shirts 10 Beverage Tickets

29 Sponsorship Opportunities & Benefits SILVER SPONSOR $2,500 Name Recognition on Event Website Homepage Name Recognition on Event T-Shirts Name Recognition on Event Posters and Flyers Premier Placement of Company- Provided Exhibit Booth on Event Day Recognition in Event Day Scripts 8 Free Event Tickets 8 Free Event T-Shirts 8 Beverage Tickets BRONZE SPONSOR $1,000 Name Recognition on Event Website Homepage Name Recognition on Event Posters and Flyers Premier Placement of Company- Provided Exhibit Booth on Event Day 6 Free Event Tickets 6 Free Event T-Shirts 6 Beverage Tickets COMMUNITY SPONSOR $500 Name Recognition on Event Website Homepage 4 Free Tickets 4 Free T-Shirts 4 Beverage Tickets For any questions related to any sponsorship package or to discuss a customized sponsorship package, please contact either: Julie Robinson at (281) or jrobinson@ci.dickinson.tx.us Stephanie Russell at (281) or srussell@ci.dickinson.tx.us Angela Forbes at (281) or aforbes@ci.dickinson.tx.us

30 Red, White & Bayou Crawfish & Texas Music Festival Sponsorship Agreement Company Name: Address: State: ZIP: Contact Information Name: Title/Position: Phone: Authorized Signature: Date: Sponsorship Levels (Please select one) Diamond Sponsor - $25,000 Platinum Sponsor - $10,000 Gold Sponsor - $5,000 Silver Sponsor - $2,500 Bronze Sponsor - $1,000 Community Sponsor - $500 Custom, for the amount of: Please direct any questions about sponsorship or this form to Julie Robinson at (281) or jrobinson@ci.dickinson.tx.us. Picnic Table Sponsor Sign me up for tables ($250 per table) Method of Payment (circle one): Check Cash Credit Card Please send payment with completed sponsorship agreement form. Company logo for promotional materials may be sent in a high resolution file to Angela Forbes at aforbes@ci.dickinson.tx.us no later than February 17, 2017 to ensure inclusion on all promotional materials. Mail Payment To: Red, White & Bayou Checks should be made payable to c/o City of Dickinson Red, White & Bayou State Highway 3 Please write Sponsor 2017 Dickinson, TX in the memo line, if possible If you would like to pay by credit card, please be sure to include a daytime phone number and we will contact you to complete your sponsorship payment. Only sponsorship commitment forms received by February 17, 2017 will guarantee recognition as an event sponsor in appropriate advertising and publicity.

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32 AGENDA ITEM 7

33 EXECUTIVE SESSION RECESS TIME:

34 AGENDA ITEM 8

35 RECONVENE TIME:

36 AGENDA ITEM 9

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40 AGENDA ITEM 11

41 ADJOURN TIME: MOTION: SECOND: VOTE

42 FYI

43 DICKINSON ECONOMIC DEVELOPMENT CORPORATION FISCAL YEAR Budget vs. Actuals Period Ending: October 31, 2016 Account Name FY Original Budget FY Actuals Period to Date Actuals (Over)/Under Budget % of Budget *Unaudited REVENUE Sales Tax Revenue 1,499, ,874 1,384, % Rental Income 7, , % Interest Income 2, , % TOTAL REVENUE 1,508, ,455 1,393,345 EXPENDITURES Capital Outlays Computers/Office Equipment 3,000 3, % Contractual Payments 26,027 26, % Real Property Acquisition 250,571 19, , % Total Capital Outlays 279,598 19, ,082 Contract Services ED Consulting 10,000 10, % Financial & Auditing 1,000 1, % GIS 2,900 2, % Legal 7,500 7, % Multimedia Services % Branding & Marketing Study 75,000 75, % Demolition Services 75,000 75, % Total Contract Services 171, ,900 Debt Service Interest 8,980 8, % Principal 60,000 60, % Total Debt Service 68,980 68,980 Projects & Programs Cedar Oaks 75, , % Hughes Road 24,000 24, % Hwy 3 Façade Improvement Prgm 28,000 28, % Business Retention Prgm 1,000 1, % Visual Improvement Prgm 40,000 40, % Adopt A Street Program 3,820 3, % Project & Property Design Fees 50,000 50, % Retail Trade Center 200, , % Depot Storage Unit 25,000 25, % ED Grants & Projects 75,000 75, % Total Projects & Programs 521, ,320

44 DICKINSON ECONOMIC DEVELOPMENT CORPORATION FISCAL YEAR Budget vs. Actuals Period Ending: October 31, 2016 Account Name FY Original Budget FY Actuals Period to Date Actuals (Over)/Under Budget % of Budget Museum Tourism Building & Property Maintenance 60, , % Dues, Subscriptions & Books % Marketing & Advertising 5,000 5, % Museum Exhibits 1,000 1, % Office Supplies 5,500 5, % Property/Liability Insurance 10,000 10, % Storage Rental 1,200 1, % Utilities 20, , % Total Museum Tourism 104, ,229 DEDC Administration/Operations Building Maintenance % Bank Service Charges % Dues, Subscriptions & Books 5,500 5, % Information Technology 13,850 13, % Marketing & Promotions 20,000 9,104 10, % Office Space Rental 3,000 3, % Office Supplies & Postage 2,000 2, % Personnel Services 298, , % Public Official/E&O Insurance 1,167 1, % Travel & Training 15, , % Utilities 2,492 2, % Total Admin./Operations 361,952 9, ,709 TOTAL EXPENDITURES 1,508,800 29,580 1,479,220 REVENUE EXPENDITURES 85,875 (85,875) *Unaudited

45 DICKINSON ECONOMIC DEVELOPMENT CORPORATION FISCAL YEAR Balance Sheet Period Ending: October 31, 2016 ASSETS Current Assets Cash & Investments Capital One Operating Account 219,995 BBVA Checking Account 265,801 BBVA Money Market Account 285,475 Hometown Bank Checking 16,338 Hometown Bank CD 250,000 TexPool 116,877 Texas First Bank CD 250,000 Total Cash 1,404,487 Accounts Receivable Sales Tax Receivable 273,092 Other Accounts Receivable 550 Interest Receivable 45 Total Accounts Receivable 273,687 Total Current Assets $ 1,678,174 TOTAL ASSETS $ 1,678,174 LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable Due to City of Dickinson 1,981 Accounts Payable 14,869 Rental Deposits 1,275 Total Accounts Payable $ 18,126 Total Current Liabilities $ 18,126 Total Liabilities $ 18,126 Equity Fund Balance 1,574,173 Net Income 85,875 Total Equity $ 1,660,048 TOTAL LIABILITIES & EQUITY $ 1,678,174 *Unaudited

46 DICKINSON ECONOMIC DEVELOPMENT CORPORATION FISCAL YEAR MONTHLY FINANCIAL REPORT Period Ending: November 30, 2016

47 Account Name DICKINSON ECONOMIC DEVELOPMENT CORPORATION FISCAL YEAR Budget vs. Actuals Period Ending*: November 30, 2016 FY Original Budget FY Actuals Period to Date Actuals (Over)/ Under Budget % of Budget REVENUE Sales Tax Revenue 1,499, ,874 1,384, % Rental Income 7,000 1,015 5, % Interest Income 2, , % TOTAL REVENUE 1,508, ,194 1,392,606 EXPENDITURES Capital Outlays Computers/Office Equipment 3, , % Contractual Payments 26,027 26, % Real Property Acquisition 250,571 39, , % Total Capital Outlays 279,598 40, ,331 Contract Services ED Consulting 10,000 10, % Financial & Auditing 1,000 1, % GIS 2,900 2, % Legal 7,500 7, % Multimedia Services % Branding & Marketing Study 75, , % Demolition Services 75,000 75, % Total Contract Services 171, ,265 Debt Service Interest 8,980 8, % Principal 60,000 60, % Total Debt Service 68,980 68,980 Projects & Programs Cedar Oaks 75, , % Hughes Road 24,000 24, % Hwy 3 Façade Improvement Prgm 28,000 28, % Business Retention Prgm 1,000 1, % Visual Improvement Prgm 40,000 40, % Adopt A Street Program 3,820 3, % Project & Property Design Fees 50,000 50, % Retail Trade Center 200, , % Depot Storage Unit 25,000 25, % ED Grants & Projects 75,000 75, % Total Projects & Programs 521, ,210 *Unaudited

48 Account Name DICKINSON ECONOMIC DEVELOPMENT CORPORATION FISCAL YEAR Budget vs. Actuals Period Ending*: November 30, 2016 FY Original Budget FY Actuals Period to Date Actuals (Over)/ Under Budget % of Budget Museum Tourism Building & Property Maintenance 60,950 5,474 55, % Dues, Subscriptions & Books % Marketing & Advertising 5,000 5, % Museum Exhibits 1,000 1, % Office Supplies 5, , % Property/Liability Insurance 10,000 10, % Storage Rental 1,200 1, % Utilities 20, , % Total Museum Tourism 104,550 7,364 97,186 DEDC Administration/Operations Building Maintenance % Bank Service Charges % Dues, Subscriptions & Books 5, , % Information Technology 13,850 13, % Marketing & Promotions 20,000 9,404 10, % Office Space Rental 3,000 3, % Office Supplies & Postage 2, , % Personnel Services 298, , % Public Official/E&O Insurance 1,167 1, % Travel & Training 15, , % Utilities 2,492 2, % Total Admin./Operations 361,952 10, ,370 TOTAL EXPENDITURES 1,508,800 59,459 1,449,341 REVENUE EXPENDITURES 56,735 (56,735) *Unaudited

49 DICKINSON ECONOMIC DEVELOPMENT CORPORATION FISCAL YEAR Balance Sheet Period Ending*: November 30, 2016 ASSETS Current Assets Cash & Investments Capital One Operating Account 357,894 BBVA Checking Account 265,858 BBVA Money Market Account 285,483 Hometown Bank Checking 16,423 Hometown Bank CD 250,000 TexPool 116,915 Texas First Bank CD 250,000 Total Cash 1,542,574 Accounts Receivable Sales Tax Receivable 114,874 Due from the City 45 Other Accounts Receivable Interest Receivable Total Accounts Receivable 114,919 Total Current Assets $ 1,657,493 TOTAL ASSETS $ 1,657,493 LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable Due to City of Dickinson 1,981 Accounts Payable 23,728 Rental Deposits 875 Total Accounts Payable $ 26,584 Total Current Liabilities $ 26,584 Total Liabilities $ 26,584 Equity Fund Balance 1,574,173 Net Income 56,735 Total Equity $ 1,630,908 TOTAL LIABILITIES & EQUITY $ 1,657,493 *Unaudited

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