Laserfiche WebLink
EDA REVOLVING LOAN FUND - <br />Function: Economic Develop�nent <br />Supervisor: Community Deveiapment Director <br />Fund#: 702 <br />Activity#: 47306 <br />Activity Scope <br />This Special Revenue Fund was estabiished fio administer ecat�omic development loans. <br />The prirnary revenue source is from investnn.ent xncorne. <br />Obiectives <br />1. To assisi local businesses meetfng loan criteria established by ihe EDA. <br />Iss�es <br />1. Current economy does not �end itseif to expansion or improvements. <br />2. Promoting the program to the comamu�ity businesses. <br />Measurable Workload Data <br />None developed at this time. <br />Budget Commentary <br />There are c�rrentiy no planned expenditures at t�iis time. Activity in this fund wo�ld <br />occur i� tl�e Ecanomic D�velopm�nt Authority authorized a loan after an application is <br />made. <br />Bud�et Sum�nary <br />Funclion: Economic Oe�elopmen[ C7epeament; E6A Rewldng Fund <br />Appropriatiort Defail <br />Act�al Actual Budget Amendetl Poojacted Proposed Adopted % Change <br />Acti�ety fY 2009 FY 2{]10 FY 2D11 FY 20f 1 613012flt 1 fY 20i2 FY 2012 S 1 vs 12 <br />Revenues <br />3"otaE Nliscellaneous 3,998 3,392 2,540 2,500 861 2,500 - 0.04°h <br />%ta[ Retienues S 3,998 $ 3,392 $ 2,500 $ 2.5QQ � 86i $ 2.500 $ - 0.06°% <br />Funtl Batance -January 1 146.596 144,594 �47,986 947,985 � 147,386 15Q,486 <br />Excess Re�enue Ouer Expen@iture 3,998 3.392 2,50� 2,500 661 2,50C1 - <br />Fund Balance- Decem6er3S $ 144,594 S 147.986 $ 150,466 $ 150,48fi $ 748,&i7 $ 152,986 $ - <br />7� <br />