File #: 10-438    Name: MEDC Budget FY 2010-2011 MEDC FY10-11 Budget
Type: Agenda Item Status: Approved
In control: City Council Regular Meeting
On agenda: 9/21/2010 Final action: 9/21/2010
Title: Consider/Discuss/Act on McKinney Economic Development Corporation Budget for FY 2010-2011
Attachments: 1. MEDC FY2010-2011 Budget, 2. MEDC Fund Summary

Title

Consider/Discuss/Act on McKinney Economic Development Corporation Budget for FY 2010-2011

 

Summary

 

MEETING DATE:                     September 21, 2010

 

DEPARTMENT:                     McKinney Economic Development Corporation

 

CONTACT:                                          David Pitstick, President & CEO

 

 

RECOMMENDED CITY COUNCIL ACTION:                     

•                     Approval of the McKinney Economic Development Corporation (MEDC) Budget for FY 2010-2011

 

ITEM SUMMARY: 

•                     Present the MEDC Budget  FY 2010-2011 for approval by City Coucil.

 

BACKGROUND INFORMATION: 

•                     The MEDC Board of Directors reviewed and approved the Budget FY 2010-2011 at their August 17, 2010 Regular Board Meeting.

 

SPECIAL CONSIDERATIONS:

•                      None

 

FINANCIAL SUMMARY: 

•                     MEDC revenue for 2010-2011 fiscal year is projected to be $8,343.00.

 

BOARD OR COMMISSION RECOMMENDATION:

•                     Recommendation for approval of Budget FY 2010-2011 by City Council.