RDAP-2014-03 RESOLUTION NO. RDAP 2014- 03
A RESOLUTION OF THE DEVELOPMENT AUTHORITY OF
PEARLAND (DAP), ACCEPTING THE FINANCIAL REPORT FOR THE
PERIOD ENDING AUGUST 31, 2014.
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 August 31, 2014.
PASSED, APPROVED, AND ADOPTED this 29th day of September. A.D
2014.
•
pm ,0
DAP CHAIRMAN
ATTEST:
DAP SECRETARY
DEVELOPMENT AUTHORITY OF PEARLAND
BALANCE SHEET
FOR MONTH ENDED AUGUST 31, 2014
ASSETS:
Cash and Cash Equivalents 6,130,123
Money Market 4,342,831
Interest Receivable
Total Assets 10,472,953
LIABILITIES;
Accounts Payable 600
Total Liabilities 600
EQUITY:
Equity 10,472,353
Total Equity 10,472,353
Total Liabilities and Equity 10,472,953
17
DEVELOPMENT AUTHORITY OF PEARLAND
SCHEDULE OF REVENUES AND EXPENDITURES
FOR MONTH ENDED AUGUST 31, 2014
FY2014
ACTUAL
REVENUES TO-DATE
Contributions from TIRZ $ -
Transfers 10,160,000
Bond Proceeds 9,150,000
Interest 1,638
TOTAL 19,311,638
EXPENDITURES
Professional Services
Reimbursement to Developer 8,984,818
Bond Payments
Interest 1,054,263
Principal 430,000
Bond Issuance Cost 171,174
Fiscal Fees 7,250
TOTAL 10,647,505
Net Change in Fund Balance 8,664,133
BEGINNING FUND BALANCE 1,808,220
ENDING FUND BALANCE $ 10.472.353
18