Type A EDC Meeting

MINUNTES TYPE A ECONOMIC DEVELOPMENT CORPORATION BOARD REGULAR SESSION MONDAY, JUNE 10, 2019 6:30 P.M. Members Present: Daron Beck, Chairman; David Morgan, Place 1 @ 6:42pm; Jeff Jones, Place 2; John Mauldin; Place 3; Linda Childers, Place 4 Members Absent: Gary Miller, Place 6; and Richard Vandergriff, Place 7 City Staff Present: Joshua Jones, City Manager; and Lisa Dawn Cabrera, City Secretary A. CALL TO ORDER AND ANNOUNCE A QUORUM IS PRESENT Chairman Beck called the meeting to order at 6:32 pm. B. CONSENT AGENDA 1. Approval of minutes from Type A EDC Board meeting dated May 13, 2019 Board Member Childers made a motion to approve the minutes as presented, seconded by Board Member Mauldin. Motion passed without objection. C. GENERAL ACTION ITEMS 1. Review Financial Statements for May 2019 A discussion was held among the members of the Board and City Staff regarding the financial reports format change, revenue summary and expenditures broken out further, financial statements on budget with expenditures, about 9% ahead on sales taxes, and sales tax contributors. No action was taken on Financial Statements. 2. Discuss FY 2019-2020 Budget A discussion was held among the members of the Board and City Staff concerning the FY 2019-2020 budget regarding the numbers being pretty much set for the actual budget, the audited numbers ended the year well, capital outlay was the purchase of the land, business development, and hooded left construction and design cost estimates.  No action was taken on FY 2019-2020 Budget. D. FUTURE AGENDA ITEMS OR REPORTS No requests were communicated to staff. E. ADJOURN Chairman Beck adjourned the Type A EDC meeting at 7:07 pm. ____________________________ Daron Beck, Type A Chairman _____________________________ Lisa Cabrera, TRMC City Secretary