Title
Consider/Discuss/Act on McKinney Economic Development Corporation Budget for FY 2012-2013
summary
MEETING DATE: September 18, 2012
DEPARTMENT: McKinney Economic Development Corporation
CONTACT: Jason Gray, City Manager
RECOMMENDED CITY COUNCIL ACTION:
· Approval of the McKinney Economic Development Corporation (MEDC) Budget for FY 2012-2013
ITEM SUMMARY:
· Present the MEDC Budget FY 2012-2013 for approval by City Council.
BACKGROUND INFORMATION:
· The MEDC Board of Directors reviewed and approved the Budget FY 2012-2013 at their September 7, 2012 Special Board Meeting.
SPECIAL CONSIDERATIONS:
· None
FINANCIAL SUMMARY:
· MEDC revenue for fiscal year 2012-2013 is projected to be $8,262,250.
BOARD OR COMMISSION RECOMMENDATION:
· Recommendation for approval of Budget FY 2012-2013 by City Council.