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NEW BUSINESS <br /> EN HILLS <br /> MEMORANDUM <br /> DATE: October 281 2013 <br /> TO: Honorable Chair and EDA Commissioners <br /> Patrick Klaers, Secretary <br /> FROM: Sue Iverson, Treasurer <br /> SUBJECT: EDA Budgets for 2014 <br /> Backeround/Discussion <br /> Attached for your review are the preliminary 2014 EDA budgets. These budgets are: the <br /> summary page showing of all the EDA budgets, the EDA General Fund, the Revolving <br /> Loan Fund, TIF 21, TIF 31 and TIF 4. <br /> At the last EDA meeting, a transfer was approved and a budget amendment to remove <br /> non-tax increment revenues from TIF 2 and place them into the PIR Fund. This change <br /> has been made and as a result the interest income in that fund has been revised. There <br /> have not been any other major changes to these budgets since the last meeting. <br /> Requested Action <br /> The EDA is requested to approve the preliininaiy EDA budgets for 2014. (These budgets <br /> are not dependent on a tax levy for revenues. These budgets may be revised prior to final <br /> approval in November/December.) <br /> Attachments <br /> Preliminary 2014 EDA Budget <br />