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<br />Page 1 of 1 <br /> <br /> NEW BUSINESS – 3A <br /> <br /> <br /> <br /> <br />MEMORANDUM <br /> <br />DATE: April 23, 2018 <br /> <br />TO: Economic Development Authority President and Commissioners <br /> <br />FROM: Gayle Bauman, Finance Director <br /> <br />SUBJECT: 2019 Budget Calendar <br /> <br />Budgeted Amount: Actual Amount: Funding Source: <br /> $ $ $ <br /> <br /> <br />Background/Discussion <br /> <br />The EDA is a blended component unit of the City of Arden Hills which makes EDA Funds <br />Special Revenue Funds of the City. Annually we are required by the State to set budgets for the <br />City’s General Fund and all Special Revenue Funds (which includes all the EDA Funds). <br /> <br />These EDA Funds are: <br /> <br /> EDA General Activities Fund <br /> EDA Revolving Loan Fund <br /> EDA TIF District #2 Round Lake <br />EDA TIF District #3 Cottage Villas <br />EDA TIF District #4 Presbyterian Homes <br /> <br />Discussion <br /> <br />In order to officially start the budget process, a budget calendar needs to be approved by the <br />Council. The draft budget calendar is attached for Commission review and approval. <br /> <br />Requested Action <br /> <br />A motion to approve the 2019 Budget Calendar as presented. <br /> <br />Attachment <br /> <br />Attachment A: 2019 Budget Calendar