RDAP-2012-01 - 2012-02-20A RESOLUTION OF THE DEVELOPMENT AUTHORITY OF
PEARLAND (DAP), ACCEPTING THE FINANCIAL REPORT FOR THE
PERIOD ENDING DECEMBER 31, 2011.
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 December 31, 2011.
PASSED, APPROVED, AND ADOPTED this 20th day of February. A.D
2012.
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D A TrCIHAIRMAN
ATTEST:
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DAP SECRETARY
DEVELOPMENT AUTHORITY OF PEARLAND
SCHEDULE OF REVENUES AND EXPENDITURES
FOR MONTH ENDED DECEMBER 31, 2011
FY2012
ACTUAL
REVENUES TO - DATE
Contributions from TIRZ
Short Term Investment
Interfund Trsf from Fund 066 -
Bond Proceeds
Interest 504
TOTAL 504
EXPENDITURES
Professional Services
Reimbursement to Developer -
Issuance Costs
Bond Payments
Principal -
Interest -
Fiscal Fees 4,000
TOTAL 4,000
Net Change in Fund Balance (3,496)
BEGINNING FUND BALANCE 5,389,622
ENDING FUND BALANCE 5,386,126
DEVELOPMENT AUTHORITY OF PEARLAND
BALANCE SHEET
FOR MONTH ENDED DECEMBER 31, 2011
ASSETS:
Cash and Cash Equivalents
Money Market
Interest Receivable
Total Assets
LIABILITIES:
Accounts Payable
Total Liabilities
EQUITY:
Equity
Total Equity
Total Liabilities and Equity
2,677,442
2,708,684
5,386,126
5,386,126
5,386,126
5,386,126