Title
Consider/Discuss/Act on Proposed FY 19 MCDC Budget for Submission to the City Manager for Review
Summary
COUNCIL GOAL: Enhance Quality of Life in McKinney
Direction for Strategic and Economic Growth
MEETING DATE: April 26, 2018
DEPARTMENT: McKinney Community Development Corporation
CONTACT: Cindy Schneible, President
ITEM SUMMARY:
• Board review of the proposed FY 19 MCDC budget, as approved by the MCDC Finance Committee
BACKGROUND INFORMATION:
• Staff prepared and the MCDC Finance Committee reviewed the proposed budget at a meeting held April 10, 2018
• Budget is based on total projected revenue of $13,969,258; total projected expense of $3,696,279; total grant funding of $7,089,926; and funds for future projects in the amount of $3,183,053
• MCDC Finance Committee is recommending board approval of the proposed budget to forward to the City Manager
FINANCIAL SUMMARY:
• An overview of the proposed FY19 budget is included with a copy of the draft budget