RDAP-2010-04 - 2010-05-03RESOLUTION NO. RDAP-2010-4
A RESOLUTION OF THE DEVELOPMENT AUTHORITY OF
PEARLAND (DAP), ACCEPTING THE FINANCIAL REPORT FOR
THE PERIOD ENDING MARCH 31, 2010.
BE IT RESOLVED BY DAP BOARD OF DIRECTORS:
Section 1. That the Development Authority of Pearland, TX hereby
accepts the Financial Report for the period ending March 31, 2010.
PASSED, APPROVED, AND ADOPTED this 3rd day of May, A.D., 2010.
TOM REID
DAP CHAIRMAN
ATTEST:
ED BAKER
DAP SECRETARY
DEVELOPMENT AUTHORITY OF PEARLAND
BALANCE SHEET
FOR MONTH ENDED MARCH 31, 2010
ASSETS:
Cash and Cash Equivalents
Money Market
Interest Receivable
Total Assets
LIABILITIES:
Accounts Payable
Total Liabilities
EQUITY:
Equity
Total Equity
Total Liabilities and Equity
2,666,601
1,549,084
4,215,685
4,215,685
4,215,685
4,215,685
DEVELOPMENT AUTHORITY OF PEARLAND
SCHEDULE OF REVENUES AND EXPENDITURES
FOR MONTH ENDED MARCH 31, 2010
FY2010
ACTUAL
TO - DATE
REVENUES
Contributions from TIRZ
$ 5,262,876
Bond Proceeds
Interest
5,798
TOTAL
5,268,674
EXPENDITURES
Professional Services
7,102
Reimbursement to Developer
4,500,000
Issuance Costs
2,500
Bond Payments
Principal
Interest
1,219,630
Fiscal Fees
11,260
TOTAL
5,740,492
Net Change in Fund Balance
$ (471,818)
BEGINNING FUND BALANCE
4,687,503
ENDING FUND BALANCE
$ 4,215,685