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EDA GENERAL Function: Economic Development Supervisor: Community Development Director Fund#: 250 Activity#: 47300 Activity Scope This Special Revenue Fund accounts for general administration activities that are not specific to any individual Tax Increme nt Financing (TIF) District, as well as activities associated with the Economic Development Commission and Economic Development Authority. Objectives 1. Consider placement and construction of Gateway Signs. 2. Continue to research the City’s revolving loan program, restrictions, guidelines, and possible future uses. 3. Consider the use of TIF District 3 funds for low to moderate housing needs. 4. Review operating budget and identify a sustainable funding source. 5. Continue to grow and evolve the business retention program. Issues 1. Consistent administration of the City’s policies, plan, ordinances, guidelines, statutes, etc. 2. Promotion of industrial property available. Measurable Workload Data None developed at this time. Budget Commentary Historically, t he revenue to this fund had been primarily excess increment and interest with transfers from the General Fund. A transfer was made in 2012 and 2013 for the Conduit Debt revenue received in 2011 and 2012 from the Presbyterian Homes project. The tax increment excess funding source ended in 2015 with the dercertification of TIF District #2 (Round Lake Road). Transfers from the General Fund are now the prime funding source. An administrative charge was established in 2008 and all funds are charged back for overhead co sts associated with Administration, Finance and Administrative Services, and Government Building departments in the General Fund. Other costs such as auditing, financial software, IT, and insurance have been allocated to this fund also.