RDAP 2020-03 2020-09-28RESOLUTION NO. RDAP 2020-03
A RESOLUTION OF THE DEVELOPMENT AUTHORITY OF PEARLAND (DAP),
ACCEPTING THE FINANCIAL REPORTS FOR THE PERIOD ENDING AUGUST
31, 2020.
BE IT RESOLVED BY DAP BOARD OF DIRECTORS:
Section 1. That the Development Authority of Pearland, TX hereby accepts the Financial
Reports for the period ending August 31, 2020.
PASSED, APPROVED, AND ADOPTED thi
September , A.D. 2020.
DAP CHAIRMAN
ATTEST:
DAPSECRETARY
day of
Income Statement
Through 08/31/20
Detail Listing
Include Rollup Account/Rollup to Base Account
Annual MTD YTD Budget Less % of Prior Year
int Description Budget Amount Actual Amount Actual Amount YTD Actual Budget Total Actual
:velopment Authority
t 605 - Development Authority of Pearland
100 - Administration
t Earnings
.st Earnings Interest
.00
512.27
11,470.55
(11,470.55)
+++
17,673.83
und 3600 - Interest Earnings Totals
$0.00
$512.27
$11,470.55
($11,470.55)
+++
$17,673.83
Pers Ineimbursement
.00
.00
.00
.00
+++
1,496,186.00
:rm Debt
00
22,544,541.68
22,544,541.68
(22,544,541.68)
+++
17,146,455.00
Term Debt Bond Proceeds
.00
.00
4,255,000.00
(4,255,000.00)
+++
5,835,000.00
4000 - Long Term Debt Totals
$0.00
$0.00
$4,255,000.00
($4,255,000.00)
+++
$5,835,000.00
Division 100 - Administration Totals
$0.00
$22,545,053.95
$26,811,012.23
($26,811,012.23)
+++
$24,495,314.83
Department 605 - Development Authority of Pearland Totals
$0.00
$22,545,053.95
$26,811,012.23
($26,811,012.23)
+++
$24,495,314.83
REVENUE TOTALS
$0.00
$22,545,053.95
$26,811,012.23
($26,811,012.23)
+++
$24,495,314.83
605 - Development Authority of Pearland
100 - Administration
onal/Contractual Services
sional/Contractual Services Legal Expense
1,400.00
.00
1,760.00
(360.00)
126
sional/Contractual Services Miscellaneous
6,300.00
.00
4,500.00
1,800.00
71
.00
5400 - Professional/Contractual Services Totals
$7,700.00
$0.00
$6,260.00
$1,440.00
81%
6,125.41
:rvices
$6,125.41
Services Reimb to Developer
16,290,413.00
.00
10,247,316.50
6,043,096.50
63
14,316,193.66
rvite Principal 5420 - Other Services Totals
$16,290,413.00
$0.00
$10,247,316.50
$6,043,096.50
.63%
$14,316,193.66
ervice Principal Principal
6,840,000.00
.00
.00
6,840,000.00
0
7,700,000.00
vice Interest 5800 - Debt Service Principal Totals
$6,840,000.00
$0.00
$0.00
$6,840,000.00
0%
$7,700,000.00
ervice Interest Interest
wance Costs
ssuance Costs Issuance costs
6t Service
)ebt Service Arbitrage Fees
2,443,008.00 .00 1,177,257.17 1,265,750.83 48 2,469,167.38
5850 - Debt Service Interest Totals $2,443,008.00 $0.00 $1,177,257.17 $1,265,750.83 48% $2,469,167.38
190,000.00 .00 162,830.50 27,169.50 86 165,068.50
5875 - Bond Issuance Costs Totals $190,000.00 $0.00 $162,830.50 $27,169.50 86% $165,068.50
henry on 09/15/2020 20:24:56 PM
1,250.00 .00 4,950.00 (3,700.00) 396 .00
Page 1 of 2
Income Statement
ti ^� Through 08/31/20
Detail Listing
Include Rollup Account/Rollup to Base Account
Annual MTD YTD Budget Less % of Prior Year
unt Description Bud et Amount Actual Amount Actual Amount YTD Actual Budget Total Actual
welopment Authority
t 605 - Development Authority of Peariand
100 - Administration
Debt Service Fiscal Agent Fees/Arbitrage 7,900.00 .00
5890 - Other Debt Service Totals $9,150.00 $0.00
56 4,600.00
Division 100 - Administration Totals $25,780,271.00 $0.00 $11,603,064.17 $14,177,206.83 45% $24,661,154.95
Department 605 - Development Authority of Pearland Totals $25,780,271.00 $0.00 $11,603,064.17 $14,177,206.83 45% $24,661,154.95
EXPENSE TOTALS $25,780,271.00 $0.00 $11,603,064.17 $14,177,206.83 45%
$24,661,154.95
Fund 920 - Development Authority Totals
REVENUE TOTALS .00 22,545,053.95 26,811,012.23 (26,811,012.23) +++ 24,495,314.83
EXPENSE TOTALS 25,780,271.00 .00 11,603,064.17 14,177,206.83 45% 24,661,154.95
Fund 920 - Development Authority Net Gain (Loss) ($25,780,271.00) $22,545,053.95 $15,207,948.06 $40,988,219.06 (59%) ($165,840.12)
Fund Type Totals
REVENUE TOTALS .00 22,545,053.95 26,811,012.23 (26,811,012.23) +++ 24,495,314.83
EXPENSE TOTALS 25,780,271.00 .00 11,603,064.17 14,177,206.83 45% 24,661,154.95
Fund Type Net Gain (Loss) ($25,780,271.00) $22,545,053.95 $15,207,948.06 $40,988,219.06 (59%) ($165,840.12)
Fund Category Other Totals
REVENUE TOTALS .00 22,545,053.95 26,811,012.23 (26,811,012.23) +++ 24,495,314.83
EXPENSE TOTALS 25,780,271.00 .00 11,603,064.17 14,177,206.83 45% 24,661,154.95
Fund Category Other Net Gain (Loss) ($25,780,271.00) $22,545,053.95 $15,207,948.06 $40,988,219.06 (59%) ($165,840.12)
Grand Totals
REVENUE TOTALS .00 22,545,053.95 26,811,012.23 (26,811,012.23) +++ 24,495,314.83
EXPENSE TOTALS 25,780,271.00 .00 11,603,064.17 14,177,206.83 45% 24,661,154.95
Grand Total Net Gain (Loss) ($25,780,271.00) $22,545,053.95 $15,207,948.06 40,988,219.06 (59%) ($165,840.12)
herty on 09/15/2020 20:24:56 PM
Page 2of2
_ Balance Sheet
0. Through 08/31/20
Detail Listing
Include Rollup Account/Rollup to Base Account
Current YTD Prior Year
int Description
r Balance
Total Actual Net Change Change
velopment Authority
DAP Wells Fargo
DAP Regions Bank Debt Service
13,620,744.23
7,166,900.42
6,453,843.81
90.05
9,911,805.78
1,157,701.53
8,754,104.25
756.16
1000 - Cash Totals
$23,532,550.01
$8,324,601.95
$15,207,948.06
182.69%
ASSETS TOTALS
$23,532,550.01
$8,324,601.95
$15,207,948.06
182.67-7
TY
3alance - Unassigned
8,324,601.95
8,324,601.95
FUND EQUITY TOTALS Prior to Current Year Changes
$8,324,601.95
$8,324,601.95
.00
$0.00
.00
'ear Fund Equity Adjustment
.00
0.00%
tevenues
(26,811,012.23)
xpenses
11,603,064.17
FUND EQUITY TOTALS
$23,532,550.01
$8,324,601.95
$15,207,948.06
182.69%
LIABILITIES AND FUND EQUITY TOTALS
$23,532,550.01
$8,324,601.95
$15,207,948.06
182.69%
Fund
920 - Development Authority Totals
$0.00
$0.00
$0.00
Fund Type Totals
$0.00
$0.00
$0.00
+++
+++
Fund Category Other Totals
$0.00
$0.00
$0.00
Grand Totals
$0.00
$0.00
+++
$0.00
+++
ierty on 09/15/2020 20:22:47 PM
Page 1 of 1