RES 1997-23TOWN OF TROPHY CLUB, TEXAS
RESOLUTION NO. 9 7 - 2 3
A RESOLUTION OF THE TOWN COUNCIL OF THE
TOWN OF TROPHY CLUB, TEXAS APPROVING THE
BUDGET OF THE TROPHY CLUB ECONOMIC
DEVELOPMENT CORPORATION FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 1997 AND ENDING SEPTEMBER
30, 1998; PROVIDING AN EFFECTIVE DATE.
WHEREAS, in accordance with Article IV, Section 2 of the Bylaws of the Trophy Club
Economic Development Corporation, the Board of Directors of the Corporation have adopted
a proposed budget for the fiscal year beginning October 1, 1997 and ending September 30, 1998,
and has presented the same to the Town Council of the Town of Trophy Club, Texas for its
review and approval.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF TROPHY CLUB, TEXAS:
Section 1. The Town Council does hereby approve the budget of the Trophy Club
Economic Development Corporation for the fiscal year beginning October 1, 1997 and ending
September 30, 1998.
Section 2. This Resolution shall take effect from and after its date of adoption.
PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas
this the 15th day of se;ptember , 1997.
,., ayor, Town of Trophy Club, Texas
ATTEST:
Town Secretary,
Town of Trophy Club, Texas
[SEAL]
....e * t•
Town Atto\rqey,
Town of Trophy Club, Texas
DOC #: 529181
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113 Economic Development Corporation
'96-'97 '97--198
Account Projected Proposed
Number Description Actual Budget
4020
City Sales Tax
55,640
83,600
4515
Interest Income
660
400
Total Revenues
56,300
84,000
EXPENDITURES
TOTAL PERSONNEL SERVICES
0
0
ADMINISTRATIVE EXPENSES
5110
Bank Charges
47
110
5160
Miscellaneous
0
6,890
5170
Office Supplies
14
0
5185
Printing
0
3,000
5218
Dues & Memberships
600
0
TOTAL ADMINISTRATIVE EXPENSES
661
10,000
PROFESSIONAL & CONTRACTUAL SERVICES
6040
Legal Fees
1,647
0
6055
Professional Outside Services - Web Site
0
700
TOTAL PROFESSIONAL & CONTRACTUAL SERVICES
1,647
700
CAPITAL EXPENSES
9536
Play Equipment & Installation
0
100,000
TOTAL CAPITAL EXPENSES
0
100,000
TOTAL EXPENDITURES
2,308
110,700
PROJECTED