The COSADC FY 2014 budget document outlines the agency's estimated revenues and expenses for the upcoming fiscal year. Total estimated revenue is $8,102,551, with $5,727,611 coming from ballot measures and $2,374,940 from economic development funds. Major expenses include $84,389 for partner affiliations, $1,500,000 for water debt service, $225,000 for Chamber economic development services, and $365,452 for allocated city services. The budget is balanced with no anticipated revenue over or under expenditures. The document also lists existing project funds totaling $2,623,179 that are designated but not yet spent.

1. COSADC FY 2014 Budget
November 19, 2013

2. 2014 Revenue
Account Description
Explanation
Estimated
FY 2014
Ballot
Eco Dev
313000 Income-Sales/Use Tax Sales Tax
$7,955,015 $5,727,611 $2,227,404
Receipts based
on Finance
Dept Estimate
360000 Interest on Investments Interest based
$9,000
$9,000
on 5/31/12
Receipts
363101
Lease Income
L-3 Income
$80,000
$80,000
BRC Conf
Room Rental
CVCED
MedHab
BRC lease
income
Total Income
$500
$500
$1
$1
$58,035
$58,035
$8,102,551 $5,727,611 $2,374,940

3. 2014 Expenses
Acct.
Description
410332 Admin-Sftwre
410520 AdminInsurance
Explanation
Website, new laptop,
new tower
Board D&O, BRC,&
CVCED ($12,133 Board
D&O Insurance)
410530 Admin6 VOIP, long dist.
Communication landline
410531 Cellular
3 new iphones +
useage
410580 Admin-Travel & 3 staff for TEDC, IEDC,
Lodging
Ports to Plains, High
Ground trainings, Texas
Downtown Association
and events
Est.
FY 2014
Ballot
Eco Dev
$5,399
$5,399
$20,133
$20,133
$5,425
$5,425
$2,670
$2,670
$10,000
$10,000

4. 2014 Expenses
Acct. Description
410590AdminTraining
Explanation
Board development: sales tax
training, TEDC workshops,
etc. Consultant travel
expenses for in-house board
training Conference and
training registration fees
410630Admin-Food Coffee for COSADC Board
meetings; Chamber events,
misc.
410610Admin-Office Paper, pens, CDs, files, ED
Supplies
info folders, office
machinery/repair
Admin-Copier COSADC portion for rental of
Com. & Eco. Dev. copy
machine
410550 Printing
Letters, in-house marketing
pieces, invitations, etc.
Est FY
2014
Ballot
Eco Dev
$7,800
$7,800
$800
$800
$2,500
$2,500
$3,267
$3,267
$2,000
$2,000

5. 2014 Expenses
Acct.
410614
Description
Adminpostage
410591 Dues and
Subscription
411000 Bank Charges
Explanation
Mail outs regular mail
TEDC - 3 @ $450, IEDC
membership is $345 + 3
@$145 add’l staff = $635
First Financial Bank Service
Charges, Fees Etc,
Est FY
Ballot
2014
$200
Eco
Dev
$200
$1,985
$1,985
$180
$180

6. 2014 Expenses
Acct.
Description
412000 Partner
Affiliations
Explanation
Ports to Plains-$56,047
+ $250; TMCN$5,592.00; High Grnd of
TX - $10,000; P to P
Summit $5,000;
Chamber Luncheon 11 X
$15 X 2 & 1 X $15 X 8 =
$450;Chamber Banquet
$600 X 1.5 = $900
NAACP Banquet $250
20 Under 40 -$5,900;
Est FY 2014
$84,389
Ballot
Eco Dev
$84,389

7. 2014 Expenses
Acct.
Description
Explanation
Estimated Ballot
FY 2014
Eco
Dev
420000 Industrial Park O & M
42521 Ind. Pk. Insurance
Gen Liability
$900
$900
420411 Ind. Pk. Wtr. & Swr.
3 @ 19 per Mo.
$685
$685
$300
$300
$10,000
$10,000
$3,000
$3,000
420413 Ind. Pk. Elec.
WTU Meter @ $25/
Mo.
Contract Svs. Ind. Pk. Surveying &
Platting
420430 Ind. Pk. Gen. Maint. Mowing
430000 05,08,11 Tax / Rev
C.O. Debt Service
05,08,11 Tax / Rev
C.O. Debt Service
Water Debt Service
Principal
$1,405,000$1,405,000
Interest
$1,157,207$1,157,207
Hickory Aquifer
Water Supply
$1,500,000 1,500,000

8. 2014 Expenses
Acct.
Description
Explanation
440000 Marketing/Advertising Chamber Economic
- Chamber
Development
Contract
BREP Budget
Eco
Dev
DSA services
contract
D&O Insurance,
annual audit
$225,000
$225,000
$17,500
$17,500
$5,000
ASA /BRC
440100 Downtown San
Angelo
440200 Annual CVCED
Contract
Estimated Ballot
FY 2014
$5,000
$75,000
$75,000
$5,000
$5,000

9. 2014 Expenses
Acct.
Description
415310
City Services
Explanation
Estimated Ballot
FY 2014
Finance $29,000;
$365,452
Legal - $15,000;
Audit -$8,000
CMO - $17,343
PIO Staff - $10,000
Dev Corp Staff Dir $95,000; Dev Coord.
- $65,000;
ED Coord - $55,000
Split 75% ED / 25%
Ballot;
$91,363
Eco Dev
$274,089

10. 2014 Expenses
Acct.
Description
Explanation
432000
Legal Services
Contract Services –
O/S Legal
Outside audit of
performance agreements
Design and printing of
annual report
Annual Ballot Amount
Outside Audit
415331
Annual Report
451101
Project- Aff.
Housing
Project-Sports
Facility Maint
451102
451103
452101
450000
Pay-As-You-Go with
Annually COL
Adjustment of 2%
Annual Appropriation
Texas Bank
Sports Complex
CVCED
Costs associated with
Expenses
current CVCED ops,
BRC Expenses
COSADC M&O
Contribution
Estimated Ballot
FY 2014
$5,000
Eco Dev
$5,000
$5,000
$5,000
$1,000
$1,000
$335,000 $335,000
$263,623 263,623
$0
$50,000
$50,000
$59,640
$59,640
$39,700
$39,700

11. 2014 Expenses
Acct
Description
Subtotal
452900
Ballot
Estimated
FY 2014
Eco Dev
$5,675,755 $4,752,193
$923,562
Future Projects
$2,426,796
$975,418
$1,451,378
Total COSA-DC Expenditures
$8,102,551 $5,727,611
$2,374,940
Revenue Over/(Under)
Expenditures
0
0
0

12. Fund Balance Designated For Existing Projects
Acct.
Project
Remaining Budget
452115
Blue Cross Blue Shield
$259,827
452112
Hirschfeld Energy
$263,932
452120
Smith Blvd
$512,900
452121
MedHab
$796,250
452122
Ethicon
$300,000
451202
Affordable Housing
$490,270