RTIRZ-2014-03 RESOLUTION NO. RTIRZ 2014 -03
A RESOLUTION OF THE TAX INCREMENT REINVESTMENT ZONE
NO. 2 (TIRZ), ACCEPTING THE FINANCIAL REPORT FOR THE
PERIOD ENDING MAY 31, 2014.
BE IT RESOLVED BY TIRZ BOARD OF DIRECTORS:
Section 1. That the TIRZ hereby accepts the Financial Report for the
period ending May 31, 2014.
PASSED, APPROVED, AND ADOPTED this 23rd day of June. A.D 2014.
KENNETH. PHILLIPS
TIRZ CHAIRMAN
ATTEST:
t
MIKE PYB RN
TIRZ SECRETARY
EXHIBIT "A"
RESOLUTION NO. RTIRZ 2014-03
TIRZ#2
BALANCE SHEET
FOR MONTH ENDED MAY 31, 2014
ASSETS:
Cash and Cash Equivalents 4,453,952
Cash in Bank -A.I.S.D. 8,315,971
A.I.S.D. Receivable -
Short Term -CD lnestment
Receivable / Interest
Total Assets 12,769,923
LIABILITIES:
A/P Accrued Payables
A/P Miscellaneous 485
Total Liabilities 485
EQUITY:
Equity 12,769,438
Total Equity 12,769,438
Total Liabilities and Equity 12,769,923
TIRZ #2
STATEMENT OF REVENUES, EXPENDITURES & CHANGES IN FUND BALANCE
FOR MONTH ENDED MAY 31, 2014
FY2014 FY2013
ACTUAL ACTUAL
REVENUES TO - DATE _ TO - DATE
Taxes
Alvin ISD 4,056,012 3,947,861
Brazoria County
City of Pearland 10,113,975 9,629,195
Fort Bend County 722,113 495,586
Interest 8,088 7,473
Miscellaneous
TOTAL 14,900,188 14,080,115
EXPENDITURES
Miscellaneous Services 3,722 2,061
Payment to City of Pearland 6,457,515 6,158,425
Payment to Development Authority
Transfers
TOTAL 6,461,237 6,160,486
Net Change in Fund Balance 8,438,951 7,919,629
BEGINNING FUND BALANCE 4,330,486 4,294,047
ISD Suspense Fund 8,315,971 8,174,943
ENDING AVAILABLE FUND BALANCE 4,453,467 4,038,733