01-25-2024 Agenda SEDC Board Reg Meeting with amended packet
NOTICE OF MEETING
AGENDA
JANUARY 25, 2024
6:00 P.M.
The City of Schertz Economic Development Corporation (SEDC) Board of Directors will hold a regular monthly meeting on Thursday, JANUARY 25, 2024.
at 6:00 p.m. at the Hal Baldwin Municipal Complex, Council Chambers Conference Room, Building No. 4, 1400 Schertz Parkway, Schertz, Texas. This is an
open meeting, subject to the open meeting laws of the State of Texas.
In accordance with provisions of the Texas Open Meetings Act, Chapter 551, Texas Government Code notice is hererby given that a Possible Quorum of the
governing body of the City of Schertz, Texas may take place at this meeting.
Call to Order
1.Roll call, recognition of visitors, and review of meeting instructions for effective Board
interaction and public participation.
Hearing of Residents
2.This time is set aside for any person who wishes to address the Board. Presentations should
be limited to no more than 3 minutes.The presiding officer will call on those persons who
have signed up to speak.
Minutes
3.Approval of the minutes for the Board of Directors Regular Monthly Meeting held Thursday,
December 14, 2023 (T.Miller)
Presentations
4.Staff briefing on SEDC monthly financial statement for the month of November and
December 2023. (S.Wayman)
5.Staff briefing reviewing SEDC Reserve Funding and Structure. (H.Malish)
6.Staff briefing on SEDC Goals and Mission Statement. (H.Malish/A.Ritchey)
Closed Session
7.Called in accordance with Section 551.087 of the Texas Government Code,
Deliberation Regarding Economic Development Negotiations; Closed Meeting. The
governmental body is not required to conduct an open meeting (1) to discuss or deliberate
regarding commercial or financial information that the governmental body has received from
a business prospect that the governmental body seeks to have locate, stay, or expand in or
near the territory of the governmental body and with which the governmental body is
conducting economic development negotiations; or (2) the deliberate the offer of a financial
or other incentive to a business prospect.
Project E-88
Reconvene to Regular Session
SEDC Agenda January 25, 2024 Page 1 of 2
Reconvene to Regular Session
8.Take any actions based on discussion held in closed session under Agenda Item No. 7
Requests and Announcements
Announcements by staff:
Offices closed February 19, 2024 - President's Day
Next Regular Board Meeting - February 22, 2024
Requests by Board Members to place items on a future SEDC Board Meeting agenda.
Adjournment
CERTIFICATION
I, Tracy Miller, Administrative Assistant, of the City of Schertz Economic Development Corporation, do hereby certify that
the above agenda was posted on the official bulletin boards on this the 19th day of January, 2024, at 5:00 p.m., which is a
place readily accessible to the public at all times and that said notice was posted in accordance with chapter 551, Texas
Government Code.
Tracy Miller
Administrative Assistant- Economic
Development
I certify that the attached notice and agenda of items to be considered by the Schertz Economic Development
Corporation Board of Directors was removed from the official bulletin board on _____day of _______________, 2024.
Name/Title:______________________________
This facility is accessible in accordance with the Americans with Disabilities Act. Handicapped parking spaces are available.
If you require special assistance or have a request for sign interpretative services or other services, please call 210-619-1070.
The Economic Development Corporation Board of Directors reserves the right to adjourn into closed session at any
time during the course of this meeting to discuss any of the matters listed above, as authorized by the Texas Open
Meetings Act.
Closed Sessions Authorized: This agenda has been reviewed and approved by the City’s legal counsel and the presence
of any subject in any Closed Session portion of the agenda constitutes a written interpretation of Texas Government
Code Chapter 551 by legal counsel for the governmental body and constitutes an opinion by the attorney that the items
discussed therein may be legally discussed in the closed portion of the meeting considering available opinions of a
court of record and opinions of the Texas Attorney General known to the attorney. This provision has been added to
this agenda with the intent to meet all elements necessary to satisfy Texas Government Code Chapter 551.144(c) and
the meeting is conducted by all participants in reliance on this opinion.
SEDC Agenda January 25, 2024 Page 2 of 2
Agenda No. 3.
SEDC MEMORANDUM
SEDC
Board Meeting:01/25/2024
Department:Economic Development Corporation
Subject:Approval of the minutes for the Board of Directors Regular Monthly
Meeting held Thursday, December 14, 2023 (T.Miller)
SUBJECT:
Approval of the minutes for the Board of Directors Regular Monthly Meeting held Thursday, December
14, 2023 (T.Miller)
Attachments
12-14-2023
MINUTES
Thursday, December 14, 2023
The City of Schertz Economic Development Corporation (SEDC) Board of Directors met for a Regular Monthly Meeting on Thursday,
December 14, 2023. at 6:00 p.m. at the Hal Baldwin Municipal Complex, Council Chambers Conference Room, Building No. 4, 1400
Schertz Parkway, Schertz, Texas. This was an open meeting, subject to the open meeting laws of the State of Texas.
Call to Order
1.Roll call, recognition of visitors, and review of meeting instructions for effective Board interaction and public participation.
Board Secretary/Treasurer Sammi Morrill presided over the meeting and called it to order at 6:00 p.m.
Board of Directors present:Staff Present:
Sammi Morrill, Board Secretary/Treasurer Scott Wayman, Executive Director
Bill Dixon, Board Member Holly Malish, Deputy Director
Henry Hayes, Board Member Ashley Ritchey, Business Engagement Manager
Donna Steward, Board Member Tracy Miller, Administrative Assistant
Reynaldo Chavez, Board Member Brian James, Deputy City Manager
Board of Directors Absent:Others Present:
Mark Moody, Board Member Tim Brown, Councilmember, City Council EDC Liaison
Eryn McElroy, Board Member Allison Heyward, Councilmember, City Council EDC Liaison
Sheree Courney, Deputy City Secretary
Lauren Shrum, Parks and Recreation Director
John Nowak, Engineer
Will Collins, Merit Acquisitions, LLC
Madison Iszler, San Antonio Business Journal
2.SEDC Board Member Oath of Office for member appointed by City Council on 12/05/2023 for a term of two years ending on
09/30/2025 (S.Courney)
Reynaldo Chavez
Sheree Courney, Deputy City Secretary, administered the Oath of Office to the new Board Member.
Board Member Reynaldo Chavez gave a brief introduction of his background.
3.Election of Schertz Economic Development Corporation officers. (S. Morrill)
Board Secretary/Treasurer Sammi Morrill opened the position of Board President for discussion and asked for a recommendation
for a Board President. Board Member Donna Steward nominated Board Secretary/Treasurer Sammi Morrill to serve as President
of the Board.
Motion by Board Member Donna Steward, seconded by Board Member Bill Dixon.
AYE: Board Secretary/Treasurer Sammi Morrill, Board Member Bill Dixon, Board Member Henry Hayes, Board
Member Donna Steward, Board Member Reynaldo Chavez.
Board President Sammi Morrill opened the position of Board Vice President for discussion and asked for a recommendation or
motion for Board Vice President. Board Member Henry Hayes nominated Board Member Bill Dixon.
Motion by Board Member Henry Hayes, seconded by Board Member Donna Steward.
AYE: Board President Sammi Morrill, Board Member Bill Dixon, Board Member Henry Hayes, Board Member
Donna Steward, Board Member Reynaldo Chavez.
Board President Sammi Morrill opened the position of Board Secretary for discussion and asked for a recommendation for Board
Secretary. Board Member Donna Steward recommended Board Member Henry Hayes.
Motion by Board Member Donna Steward, seconded by Board President Sammi Morrill.
AYE: Board President Sammi Morrill, Board Vice President Bill Dixon, Board Member Henry Hayes, Board Member
Donna Steward, Board Member Reynaldo Chavez.
Board President Sammi Morrill opened the position of Board Treasurer for discussion and asked for a recommendation. Board
Member Donna Steward received a recommendation.
Motion by Board Vice President Bill Dixon, seconded by Board Secretary Henry Hayes.
AYE: Board President Sammi Morrill, Board Vice President Bill Dixon, Board Secretary Henry Hayes, Board Member
Donna Steward, Board Member Reynaldo Chavez.
Hearing of Residents
4.This time is set aside for any person who wishes to address the Board. Presentations should be limited to no more than 3 minutes.
The presiding officer will call on those persons who have signed up to speak.
No residents signed up to speak. No comments were made.
Minutes
5.Approval of the minutes for the Board of Directors Regular Monthly Meeting held Thursday, November 16, 2023. (T.Miller)
Board President Sammi Morrill asked for a motion to approve the Minutes of the Board of Directors Regular Meeting held
Thursday, November 16, 2023.
Motioned by Board Secretary Henry Hayes, seconded by Board Member Reynaldo Chavez.
AYE: Board President Sammi Morrill, Board Vice President Bill Dixon, Board Secretary Henry Hayes, Board Treasurer
Donna Steward, Board Member Reynaldo Chavez.
Presentations
6.Staff briefing on SEDC monthly financial statement for the month of October 2023. (S.Wayman)
Scott Wayman, Executive Director, provided a summary and overview of the SEDC Financial Statement for the month of October
2023.
October 2023 sales tax received was $867,815, expenses were $289,431, a 16.3% increase over the year prior. The State did have
a correction in our favor that included an additional one-time deposit of $33,216.28. Without this correction, sales taxes would
only have increased 9.7%. The 12-month rolling average is 8.3% still trending up. Expenditures for October included semi-annual
payment for the service agreement between the City of Schertz and SEDC, as well as other annual membership payments and
insurance. Notable expenditures include payments to the City of Schertz, Schertz Chamber of Commerce, Greater SATX and
TML Intergovernmental Risk Pool. Total Cash & Investments figure at the end of October was $32.2 million.
Mr. Wayman asked the Board if they would like James Walters, Finance Director, to attend the meetings quarterly to give the
Financial Statement presentation to answer any questions. Board Secretary Henry Hayes supports the Finance Director
attending the Regular Board Meeting quarterly and Board President Sammi Morrill agrees.
7.Presentation by Will Collins with Merit Acquisitions, LLC on Project Coin. (S.Wayman)
Scott Wayman, Executive Director, gave a brief introduction of Will Collins, Merit Acquisition.
Mr. Collins gave a brief overview of the Project Coin. This project began in Februray 2022 and will be developing 35 arces of
land between Cibolo Valley Drive and I-35. Total investment will be more than 65 million dollars extending Ripps Kreusler Rd
north. Over a 10 year period of time this project will generate over 23 million dollars once the project is completed.
Public Hearing
8.Resolution 2023-15 - Authorizing the Executive Director of the Schertz Economic Development Corporation to enter into an
Incentive Agreement with Merit Acquisitions, LLC. (S.Wayman)
Board President Sammi Morrill opened the public hearing at 6:23 p.m.
No public comment was made.
Board President Sammi Morrill closed the public hearing at 6:23 p.m.
Discussion Items
9.City of Schertz Parks & Recreation Department priorities, current and planned projects. (L.Shrum)
Scott Wayman, Executive Director introduced Lauren Shrum, Parks and Recreation Director gave a brief overview of the Quality
of Life projects and how the projects are priorities and funded.
10.Tri-County Parkway and Lookout Road update. (J.Nowak)
Scott Wayman, Executive Director introduced John Nowak, Engineer. Mr. Nowak gave a brief update on the completion of the
Tri-County Parkway project and an overview of the Lookout Road project.
Board President Sammi Morrill recessed Open Session to Closed Session at 6:54 p.m.
Closed Session
11.Called in accordance with Section 551.087 of the Texas Government Code, Deliberation Regarding Economic Development
Negotiations; Closed Meeting. The governmental body is not required to conduct an open meeting (1) to discuss or deliberate
regarding commercial or financial information that the governmental body has received from a business prospect that the
governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the
governmental body is conducting economic development negotiations; or (2) the deliberate the offer of a financial or other
incentive to a business prospect.
E-88
E-92
Start time: 6:56 p.m.
End time: 7:41 p.m.
Board President Sammi Morrill reconvened to Open Session at 7:42 p.m.
Reconvene to Regular Session
12.Take any actions based on discussion held in closed session under Agenda Item No. 11.
No action was taken based on discussion held in closed session.
13.Resolution 2023-15 - Authorizing the Executive Director of the Schertz Economic Development Corporation to enter into an
Incentive Agreement with Merit Acquisitions, LLC.
Board President Sammi Morrill read the following caption into record and asked for a motion:
Resolution 2023-15 - Authorizing the Executive Director of the Schertz Economic Development Corporation to enter into an
Incentive Agreement with Merit Acquisitions.
Motion by Board Vice President Bill Dixon, seconded by Board Member Reynaldo Chavez.
Requests and Announcements
Announcements by staff:
Offices closed December 22-25, 2023 - Christmas Holiday
Offices closed January 1, 2024 - New Year's Day
Offices closed January 15, 2024 - Martin Luther King Jr. Day
Next Regular Board Meeting - January 25, 2024
Requests by Board Members to place items on a future SEDC Board Meeting agenda.
Adjournment
Board President Sammi Morrill adjourned the meeting at 7:48 p.m.
MINUTES PASSED AND APPROVED THIS ___ DAY ___________ 2024.
____________________
Sammi Morrill
Board President
___________________
Henry Hayes
Board Secretary
Agenda No. 4.
SEDC MEMORANDUM
SEDC
Board Meeting:01/25/2024
Department:Economic Development Corporation
Subject:Staff briefing on SEDC monthly financial statement for the month
of November and December 2023. (S.Wayman)
SUBJECT:
Staff briefing on SEDC monthly financial statement for the month of November and December 2023.
(S.Wayman)
Attachments
November Financials
December Financials
620-SED CORPORATION
FINANCIAL SUMMARY OVERVIEW
Revenues
Sales Tax 594,656.28$ Payment Received in November
-0.2% Annual Increase
7.5%12-Month Rolling Average
Expenses
TxDOT NEX Bridge Signage 145,000.00$
Omni Dallas 1,149.15$
Year-to-Date
Total Revenue 1,599,847.68$
Total Expenses 438,568.43$
Over/Under 1,161,279.25$
Cash & Investments
Cash 160,591.04$
Investments 32,871,281.02$
Total 33,031,872.06$
C I T Y O F S C H E R T Z
*************************************************** 2 0 2 3 - 2 0 2 4 ***************************************************
REVENUE AND EXPENSE REPORT (UNAUDITED)
AS OF: November 30th, 2023
1 of 7
620-SED CORPORATION CURRENT CURRENT PRIOR YEAR CURRENT Y-T-D BUDGET % OF
FINANCIAL SUMMARY BUDGET PERIOD Y-T-D ACTUAL Y-T-D ACTUAL ENCUMBR BALANCE BUDGET
REVENUE SUMMARY
Taxes 7,092,000 581,334.45 998,613.70 1,121,731.51 - 5,970,268.49 15.82%
Fund Transfers - - - 190,392 - (190,392) 0.00%
Miscellaneous 1,315,000 148,494.28 137,145.60 287,724.51 - 1,027,275.49 21.88%
TOTAL REVENUES 8,407,000 729,828.73 1,135,759.30 1,599,847.68 - 6,807,152.32 19.03%
EXPENDITURE SUMMARY
NONDEPARTMENTAL
City Assistance 3,027,510 - - - - 3,027,510.00 0.00%
Fund Charges/Transfer 8,650,000 - - - - 8,650,000.00 0.00%
TOTAL NONDEPARTMENTAL 11,677,510 - - - - 11,677,510.00 0.00%
ECONOMIC DEVELOPMENT
Supplies 1,000 68.37 126.67 68.37 80.49 851.14 14.89%
City Support Services 21,200 552.19 4,406.19 2,758.42 2,416.27 16,025.31 24.41%
Utility Services 975 - 49.00 - 14.00 961.00 1.44%
Operations Support 441,610 146,519.43 11,862.38 160,044.99 4,247.25 277,317.76 37.20%
Staff Support 24,575 1,997.62 4,211.17 2,255.15 (67.81) 22,387.66 8.90%
City Assistance 205,000 - 3,050.00 - 35.00 204,965.00 0.02%
Professional Services 61,300 - - - 231.00 61,069.00 0.38%
Fund Charges/Transfers 546,883 - 271,110.50 273,441.50 - 273,441.50 50.00%
Operating Equipment 5,000 - 26.89 - - 5,000.00 0.00%
TOTAL ECONO DEVELOPMENT 1,307,543 149,137.61 294,842.80 438,568.43 6,956.20 862,018.37 34.07%
TOTAL EXPENDITURES 12,985,053 149,137.61 294,842.80 438,568.43 6,956.20 12,539,528.37 3.43%
** REVENUE OVER(UNDER) EXPEND (4,578,053) 580,691.12 840,917 1,161,279 (6,956.20) (5,732,376.05)
C I T Y O F S C H E R T Z
*************************************************** 2 0 2 3 - 2 0 2 4 ***************************************************
REVENUE AND EXPENSE REPORT (UNAUDITED)
AS OF: November 30th, 2023
2 of 7
620-SED CORPORATION CURRENT CURRENT PRIOR YEAR CURRENT Y-T-D BUDGET % OF
REVENUES BUDGET PERIOD Y-T-D ACTUAL Y-T-D ACTUAL ENCUMBR BALANCE BUDGET
Taxes
000-411500 Sales Tax Revenue (4B)7,092,000 581,334.45 998,613.70 1,121,731.51 - 5,970,268.49 15.82%
TOTAL Taxes 7,092,000 581,334.45 998,613.70 1,121,731.51 - 5,970,268.49 15.82%
Fund Transfers
000-486000 Transfer In - - - 190,391.66 - (190,391.66) 0.00%
TOTAL Fund Transfers - - - 190,391.66 - (190,391.66) 0.00%
Miscellaneous
000-491000 Interest Earned 15,000 1,334.43 1,775.84 2,281.02 - 12,718.98 15.21%
000-491200 Investment Earnings 1,300,000 147,159.85 135,369.76 285,443.49 - 1,014,556.51 21.96%
TOTAL Miscellaneous 1,315,000 148,494.28 137,145.60 287,724.51 - 1,027,275.49 21.88%
TOTAL REVENUES 8,407,000 729,828.73 1,135,759.30 1,599,847.68 - 6,807,152.32 19.03%
C I T Y O F S C H E R T Z
REVENUE REPORT (UNAUDITED)
*************************************************** 2 0 2 3 - 2 0 2 4 ***************************************************
AS OF: November 30th, 2023
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Cash in Bank
Claim on Operating Cash Pool-Checking 160,591.04$
Cash in Investments
Texas Class Investment-Economic Development Corp 30,608,064.61
Schertz Bank & Trust-Certificate of Deposit 1,099,538.79
Schertz Bank & Trust-Certificate of Deposit 1,163,677.62
Total Cash in Bank & Investments 33,031,872.06$
CASH IN BANK AND INVESTMENTS
AS OF: November 30th, 2023
SED CORPORATION
4 of 7
16.3%-0.2%
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
4B SALES TAX
By Collection Month
2023-24 2022-23 2021-22 2020-21
5 of 7
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65 67 69 71 73 75 77 79 81 83 85 87 89 91 93 95 97 99
10
1
10
3
10
5
10
7
12 Month Rolling Average
Oct 2014 -Present
Rolling 12 Month Average Long Term Average
6 of 7
FUND VENDOR NAME DESCRIPTION AMOUNT
Economic Development SED CORPORATION AMAZON CAPITAL SERVICES INC.Office Supplies 68.37
Promotional Item 7.20
SCOTT WAYMAN Per Diem-Houston, TX 103.50
TX COMPTROLLER OF PUBLIC ACCOUNTS TxDOT NEX Bridge Signage 145,000.00
CITIBANK Omni Dallas 1,149.15
Sales Tax Workshop 200.00
Northeast Partnership 20.00
Sales Tax Workshop 200.00
Embassy suites Frisco 392.28
TMCCP Seminar Reg 350.00
Beer Central 76.50
H.E.B.45.80
Whataburger 141.44
HEB 12.48
Jimmy Johns-Board Meal 123.71
Mailchimp 42.11
Adobe Stock - October 27.52
JW Marriott Houston 589.15
SMPS Luncheon 75.00
Central TX Comm Assoc 130.00
FormAssembly 99.00
CITY OF SCHERTZ Hall Rental-Regional JF 281.25
Postage 3.15
SUBTOTAL:149,137.61
TOTAL:$149,137.61
149,137.61
NOVEMBER 2023 PAYABLES REPORT
7 of 7
620-SED CORPORATION
FINANCIAL SUMMARY OVERVIEW
Revenues
Sales Tax 535,988.72$ Payment Received in December
3.9% Annual Increase
6.0%12-Month Rolling Average
Expenses
Dilly Deli 1,949.15$
CCIM 1,000.00$
Year-to-Date
Total Revenue 2,337,592.62$
Total Expenses 442,312.78$
Over/Under 1,895,279.84$
Cash & Investments
Cash 96,460.82$
Investments 33,616,483.38$
Total 33,712,944.20$
C I T Y O F S C H E R T Z
*************************************************** 2 0 2 3 - 2 0 2 4 ***************************************************
REVENUE AND EXPENSE REPORT (UNAUDITED)
AS OF: December 31st, 2023
1 of 7
620-SED CORPORATION CURRENT CURRENT PRIOR YEAR CURRENT Y-T-D BUDGET % OF
FINANCIAL SUMMARY BUDGET PERIOD Y-T-D ACTUAL Y-T-D ACTUAL ENCUMBR BALANCE BUDGET
REVENUE SUMMARY
Taxes 7,092,000 591,000.00 161,413.21 1,712,731.51 - 5,379,268.49 24.15%
Fund Transfers - - - 190,392 - (190,392) 0.00%
Miscellaneous 1,315,000 146,744.94 223,904.77 434,469.45 - 880,530.55 33.04%
TOTAL REVENUES 8,407,000 737,744.94 385,317.98 2,337,592.62 - 6,069,407.38 27.81%
EXPENDITURE SUMMARY
NONDEPARTMENTAL
City Assistance 3,027,510 - 50,000.00 - - 3,027,510.00 0.00%
Fund Charges/Transfer 8,650,000 - - - - 8,650,000.00 0.00%
TOTAL NONDEPARTMENTAL 11,677,510 - 50,000 - - 11,677,510.00 0.00%
ECONOMIC DEVELOPMENT
Supplies 1,000 26.59 141.24 94.96 142.15 762.89 23.71%
City Support Services 21,200 1,381.53 4,482.67 4,139.95 - 17,060.05 19.53%
Utility Services 975 - 49.00 - 14.00 961.00 1.44%
Operations Support 441,610 1,779.06 35,749.55 161,824.05 6,415.23 273,370.72 38.10%
Staff Support 24,575 291.17 4,451.64 2,546.32 2,026.05 20,002.63 18.61%
City Assistance 205,000 35.00 3,050.00 35.00 - 204,965.00 0.02%
Professional Services 61,300 231.00 2,028.00 231.00 - 61,069.00 0.38%
Fund Charges/Transfers 546,883 - 271,110.50 273,441.50 - 273,441.50 50.00%
Operating Equipment 5,000 - 26.89 - - 5,000.00 0.00%
TOTAL ECONO DEVELOPMENT 1,307,543 3,744.35 321,089.49 442,312.78 8,597.43 856,632.79 34.49%
TOTAL EXPENDITURES 12,985,053 3,744.35 371,089.49 442,312.78 8,597.43 12,534,142.79 3.47%
** REVENUE OVER(UNDER) EXPEND (4,578,053) 734,000.59 14,228 1,895,280 (8,597.43) (6,464,735.41)
C I T Y O F S C H E R T Z
*************************************************** 2 0 2 3 - 2 0 2 4 ***************************************************
REVENUE AND EXPENSE REPORT (UNAUDITED)
AS OF: December 31st, 2023
2 of 7
620-SED CORPORATION CURRENT CURRENT PRIOR YEAR CURRENT Y-T-D BUDGET % OF
REVENUES BUDGET PERIOD Y-T-D ACTUAL Y-T-D ACTUAL ENCUMBR BALANCE BUDGET
Taxes
000-411500 Sales Tax Revenue (4B)7,092,000 591,000.00 161,413.21 1,712,731.51 - 5,379,268.49 24.15%
TOTAL Taxes 7,092,000 591,000.00 161,413.21 1,712,731.51 - 5,379,268.49 24.15%
Fund Transfers
000-486000 Transfer In - - - 190,391.66 - (190,391.66) 0.00%
TOTAL Fund Transfers - - - 190,391.66 - (190,391.66) 0.00%
Miscellaneous
000-491000 Interest Earned 15,000 1,542.58 3,912.76 3,823.60 - 11,176.40 25.49%
000-491200 Investment Earnings 1,300,000 145,202.36 219,992.01 430,645.85 - 869,354.15 33.13%
TOTAL Miscellaneous 1,315,000 146,744.94 223,904.77 434,469.45 - 880,530.55 33.04%
TOTAL REVENUES 8,407,000 737,744.94 385,317.98 2,337,592.62 - 6,069,407.38 27.81%
C I T Y O F S C H E R T Z
REVENUE REPORT (UNAUDITED)
*************************************************** 2 0 2 3 - 2 0 2 4 ***************************************************
AS OF: December 31st, 2023
3 of 7
Cash in Bank
Claim on Operating Cash Pool-Checking 96,460.82$
Cash in Investments
Texas Class Investment-Economic Development Corp 31,353,266.97
Schertz Bank & Trust-Certificate of Deposit 1,099,538.79
Schertz Bank & Trust-Certificate of Deposit 1,163,677.62
Total Cash in Bank & Investments 33,712,944.20$
CASH IN BANK AND INVESTMENTS
AS OF: December 31st, 2023
SED CORPORATION
4 of 7
16.3%-0.2%
3.9%
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP
4B SALES TAX
By Collection Month
2023-24 2022-23 2021-22 2020-21
5 of 7
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65 67 69 71 73 75 77 79 81 83 85 87 89 91 93 95 97 99
10
1
10
3
10
5
10
7
12 Month Rolling Average
Oct 2014 -Present
Rolling 12 Month Average Long Term Average
6 of 7
FUND VENDOR NAME DESCRIPTION AMOUNT
Economic Development SED CORPORATION SCHERTZ EMBROIDERY, LLC Shirt Embroidery 20.00
AMAZON CAPITAL SERVICES INC.Folders 26.59
Holiday Gifts 140.00
SCOTT WAYMAN TCMA Region 8 Meeting 25.00
TRACY MILLER COSTCO 23.98
CCIM Bronze Sponsor 2024 1,000.00
DENTON, NAVARRO,Legal Services - Oct 2023 231.00
CITIBANK Hilton Anatole Dallas 227.46
Prego Pasta House 61.15
Northeast Partnership 20.00
Big Papa's Pizza-BOD Meal 82.19
Notarize Inc 35.00
HEB 159.36
Dilly Deli 1,949.15
Starbucks 108.25
Shipley Do-Nuts 199.51
Mailchimp 42.11
UBER 229.43
Park & Zoom 77.11
Adobe Stock- November 29.99
Mailchimp Credit -28.71
REFUNDS Cibolo EDC Refund -93.66
NB EDC Chamber Refund -941.08
CITY OF SCHERTZ Postage 120.52
SUBTOTAL:3,744.35
TOTAL:$3,744.35
3,744.35
3,744.35
0.00
December 2023 PAYABLES REPORT
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