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1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

Lost & Found

FOUND - Heifer on East Lupon Rd in St. Hedwig. Must Identify. Contact (210) 296-1988 - 10/22/14
Found: Calico cat, female, white, orange, and black, on CR 352, La Vernia. 210-667-1052.
Found tan hunting dog. Elderly male not neutered or chipped. Please call 8303915099.
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Help Wanted

Janitorial & Dishwasher positions for bakery plant. Seeking dependable and punctual workers for busy season. Apply in person at 1371 FM 1346, La Vernia. 
Oak Hills Water Supply Corp. is now taking applications for a Water Operator position, must have at least 1 year experience, Class C Water License preferred. Apply at 6646 U.S. Hwy. 181 North, Floresville, Texas, Monday-Friday from 9-5. 830-393-7739.
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Untrue Resident  
Floresville  
September 20, 2012 7:18am
 
The Economic Development Corporations are not managing our money in fiscally responsible way. Reports can be found at: http://www.texasahead.org/tax_programs/typeab/reporting.php

4A: Convention Center
2011: Revenue: $367k ($228k sales tax) Expenditures: $632k Differences: -265k
2010: Revenue: $317k ($208k sales tax) Expenditures: $497k Differences: -180k
2009: Revenue: $270k ($202k sales tax) Expenditures: $422k Differences: - $152k
2008: Revenue: $236k ($194k sales tax) Expenditures: $122k Differences: +$114k +6M (Bond)
2007: Revenue: $191k ($174k sales tax) Expenditures: $61k Differences: +$130k + $990k (Bond)
Convention Center $5.8M over 30 years at 3% (generous rate): $293k/year
Add personnel cost and administration cost of $100k/year.
It takes $393k/year to get the Convention Center open. The most they have generated from leasing in a year is $78k and the most they have generated from sales tax is $228k.
So, the revenue the convention generates is $306k and the expenditures is $393k. The convention center is operating at a loss of $87k. The City of Floresville has injected numerous projects into the convention center like speakers and upkeep, etc. FEDC put the highway turn lane in. The 3% interest was very generous. The convention center will have to re-negotiate rates soon and pay another marketing fee which cost $800k last time. So, the real cost of the loan in 2014 will be around $5.8M +800k = 6.6M at 6% or $475k/year in 2014.
RECAP for Convention Center: The Convention will NEVER generate enough revenue to cover its cost. The City will continue to have fund improvements and upgrades and if the interest rate gets as bad as I project, the convention center will never be paid off by the convention center economic corporation (4A)
     
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