RTIRZ-2011-08 - 2011-11-14 RESOLUTION NO. RTIRZ-2011-08
A RESOLUTION OF THE TAX INCREMENT REINVESTMENT ZONE
NO. 2 (TIRZ), ACCEPTING THE FINANCIAL REPORT FOR THE
PERIOD ENDING SEPTEMBER 30, 2011.
BE IT RESOLVED BY TIRZ BOARD OF DIRECTORS:
Section t That the TIRZ hereby accepts the Financial Report for the period
ending September 30, 2011.
PASSED, APPROVED, AND ADOPTED this 14th day of November, A.D., 2011.
/Z
ENNETH R. PH FPS
TIRZ NO. 2 CHAP MAN
ATTEST:
i f
MIKE YBUR
TIRZ NO. SECRETARY
TI RZ#2
BALANCE SHEET
FOR MONTH ENDED SEPTEMBER 30, 2011
ASSETS:
Cash and Cash Equivalents 210,824
Cash in Bank - A.I.S.D. 3,959,021
A.I.S.D. Receivable 105,449
City of Pearland Receivable 12,691
Total Assets 4,287,986
LIABILITIES:
A/P Accounts Payables 14,403
Total Liabilities 14,403
EQUITY:
Equity
Total Equity
Total Liabilities and Equity
4,273,583
4,273,583
4,287,986
10
TIRZ#2
SCHEDULE OF REVENUES AND EXPENDITURES
FOR MONTH ENDED SEPTEMBER 30, 2011
FY2011
FY2010
ACTUAL
ACTUAL
REVENUES
TO - DATE
TO - DATE
Taxes
Alvin ISD
3,927,965
6,941,779
Brazoria County
1,449,043
1,434,579
City of Pearland
8,911,166
8,560,217
Fort Bend County
435,863
654,408
Interest
11,893
15,770
TOTAL
14,735,930
17,606,753
EXPENSES
Miscellaneous Services 39,968 76,387
Payment to City of Pearland 5,487,721 5,215,399
Payment to Development Authority 11,819,230 13,391,813
TOTAL 17,346,919 18,683,599
Net Change in Fund Balance
BEGINNING FUND BALANCE
ISD Suspense Fund
ENDING AVAILABLE BALANCE
(2,610,989) (1,076,846)
6,884,573
3,959,021
7,961,417
5,130,027
314,563 1,754,544
111