Title
Consider/Discuss/Act on McKinney Community Development Corporation (MCDC) Budget for FY 2012-2013
Summary
MEETING DATE: September 18, 2012
DEPARTMENT: McKinney Community Development Corporation
CONTACT: Tracy Rath, Chair
RECOMMENDED CITY COUNCIL ACTION:
· Approval of the McKinney Community Development Corporation Budget for FY 2012-2013
ITEM SUMMARY:
· Present the MCDC Budget FY 2012-2013 for approval by City Council.
BACKGROUND INFORMATION:
· The MCDC Board of Directors reviewed and approved the Budget FY 2012-2013 at their March 22, 2012 Special Board Meeting.
SPECIAL CONSIDERATIONS:
· None
FINANCIAL SUMMARY:
· MCDC revenue for 2012-2013 fiscal year is projected to be $ 8,340,000.
BOARD OR COMMISSION RECOMMENDATION:
· Recommendation for approval of Budget FY 2012-2013 by City Council.