Type B EDC Meeting

MINUTES TYPE B ECONOMIC DEVELOPMENT & PARK BOARD REGULAR SESSION MONDAY, JUNE 10, 2019 7:00 P.M. Board Members Present: Pam Ingram, Chairman; Glen Walden, Place 1; Merle Breitenstein, Place 2; Bill Funderburk, Place 3; and Jerry Moore, Place 5; Board Members Absent: Dustin Dees, Place 4 and Kim Kimble, Place 6 City Staff Present: Joshua Jones, City Manager; and Lisa Dawn Cabrera, City Secretary A. CALL TO ORDER AND ANNOUNCE A QUORUM IS PRESENT Chairman Ingram called the meeting to order at 7:12 pm B. CONSENT AGENDA 1. Approval of minutes from Type B EDC Board meeting dated May 13, 2019 Board Member Moore made a motion to approve the minutes, seconded by Board Member Breitenstein. 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 concerning sales tax being ahead about 9%, interest revenue is about 200%, contract services line has to do with payments to the Chamber, and park utilities are the water and the electric. 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 revenues being a draft, the fund balance will change, Type B could not fund the park entirely anymore, increasing cost of park expenditures, and future possibilities of purchasing land for parks.  No action was taken on FY 2019-2020 Budget. D. FUTURE AGENDA ITEMS OR REPORTS Discussions were held concerning training for Board Members and a brief update was given on YMCA issues. E. ADJOURN Chairman Ingram adjourned the meeting at 8:04 pm. ____________________________ Pam Ingram, Chairman _____________________________ Lisa Cabrera, TRMC City Secretary