Laserfiche WebLink
50 <br /> <br />EDA REVOLVING LOAN FUND <br /> <br />Function: Economic Development <br />Supervisor: Community Development Director <br />Fund#: 251 <br />Activity#: 47306 <br /> <br />Activity Scope <br /> <br />This Special Revenue Fund was established to administer economic development loans. <br />The primary revenue source is from investment income. <br /> <br />Objectives <br /> <br />1. To assist local businesses that meet the loan criteria established by the EDA. <br /> <br />Issues <br /> <br />1. Current economy does not lend itself to expansion or improvements. <br />2. Promoting the program to the community businesses. <br /> <br />Measurable Workload Data <br /> <br />None developed at this time. <br /> <br />Budget Commentary <br /> <br />There are currently no planned expenditures at this time. Activity in this fund would <br />occur if the Economic Development Authority authorized a loan after an application is <br />made. <br /> <br />Budget Summary <br /> <br />Function: Economic Development Department: EDA Revolving Fund <br />Appropriation Detail <br />Actual Actual Budget Amended YTD Preliminary % Change <br />Activity FY 2015 FY 2016 FY 2017 FY2017 06/30/2017 FY 2018 17 vs 18 <br />Revenues <br />Total Miscellaneous 3,264 2,652 3,000 3,000 3,294 3,000 0.00% <br />Total Revenues 3,264$ 2,652$ 3,000$ 3,000$ 3,294$ 3,000$ 0.00% <br />Fund Balance - January 1 160,869 164,133 166,785 166,785 166,785 169,785 <br />Excess Revenue Over Expenditure 3,264 2,652 3,000 3,000 3,294 3,000 <br />Fund Balance - December 31 164,133$ 166,785$ 169,785$ 169,785$ 170,080$ 172,785$ <br /> <br /> <br /> <br /> <br /> <br /> <br />