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EDA REVOLVING LOAN FUND <br /> Function: Economic Development <br /> Supervisor: Community Development Director <br /> Fund#: 251 <br /> Activity#: 47306 <br /> Activity Scope <br /> This Special Revenue Fund was established to administer economic development loans. <br /> The primary revenue source is from investment income. <br /> Obi ectives <br /> 1. To assist local businesses that meet the loan criteria established by the EDA. <br /> Issues <br /> 1. Current economy does not lend itself to expansion or improvements. <br /> 2. Promoting the program to the community businesses. <br /> Measurable Workload Data <br /> None developed at this time. <br /> Budget Coinimentary <br /> There are currently no planned expenditures at this time. Activity in this fiend would <br /> occur if the Economic Development Authority authorized a loan after an application is <br /> made. <br /> Budget Summary <br /> Function:Economic Development Department: EDA Revolving Fund <br /> Appropriation Detail <br /> Actual Actual Budget Amended Year To Date Proposed %Change <br /> Activity FY 2011 FY 2012 FY 2013 FY2013 10124/2013 FY 2014 13 vs 14 <br /> Revenues <br /> Total Miscellaneous 4,290 1,215 2,500 2,500 - 1,300 -48.00% <br /> Total Revenues $ 4,290 $ 1,215 $ 2,500 $ 2,500 $ - $ 1,300 -48.00% <br /> Fund Balance-January 1 150,084 154,374 155,649 155,649' 155,649 158,149 <br /> Excess Revenue Over Expenditure 4,290 1,275 2,500 2,500 - 1,300 <br /> Fund Balance-December 31 $ 154.374 $ 155,649 $ 158.149 $ 158,149 $ 155.649 $ 159.449 <br /> -4- <br />