Texas Ahead Economic Development Corporation Report: MDC

The following comes to us from the Texas comptroller's Web site.
We wanted to compare Midland with other West Texas cities. Midland, so far, is the only one to update with its 2009 numbers.

Corporation Name: Midland Development Corporation
Secretary of State File/Charter Number:
Contact Person: Bob McNaughton Finance Director

Corporation's fiscal year
From: Oct 2008 To: Sept 2009

Corporation's fiscal year ending unrestricted fund balance or unrestricted retained earnings: $ 21,712,665.00

Corporation's total revenues during the preceding fiscal year
Sales Tax Revenue $ 5,962,001.00
State/Federal Grants and Matching Contributions $ 0
Rental/Lease/User Fees Income $ 0
Bond Proceeds/Loans Obtained $ 0
Other Revenues $ 144,861
Total Fiscal Year Revenues $ 6,106,862.00

Corporation's total expenditures during the preceding fiscal year in each of the following categories

Personnel $ 0
Administration $ 680,385.00
Marketing and Promotion $ 385,365.00
Direct Business Incentives $ 1,985,300.00
Job Training $ 0
Debt Service $ 0
Capital Costs $ 29,956.00
Affordable Housing $ 0
Payments to Taxing Units $ 147,190.00
Other $ 0
Total Fiscal Year Expenditures $ 3,228,196.00

2008 Corporations' fiscal year ending unrestricted fund balance or unrestricted retained earnings
Midland: $18,833,999
Odessa: $11,396,397
Lubbock: $1,705,549
Abilene: $4,915,002
Amarillo: $75,957,155