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2024-07-24 Handout - EDA Budget
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2024-07-24 Handout - EDA Budget
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t e ter�ville <br />dX; <br />Business Development <br />_ CenterStage <br />Blue Sign Program <br />Misc. Graphics Consulting <br />Appreication/Events <br />Misc <br />nuing Education <br />EDA Proposed Budget for 2025 <br />Schooling & Conferences <br />Dues & Memberships <br />Travel Expense <br />�! I <br />Salary & Wages <br />FICA <br />ssional Services Planters, lights, wreaths, Finance <br />Consultant, etc. <br />ies (Swag) <br />Promotional Items <br />Banners <br />Lights <br />Misc office supplies <br />Legal Review <br />201-46500-340 $ 10,100.00 <br />201-46500-340 <br />$ <br />5,000.00 #1 <br />201-46500-340 <br />$ <br />_ <br />1,000.00 <br />201-46500-377 <br />$ <br />1,800.00 _ <br />201-46500-430 <br />$ <br />100.00 <br />Sub Total $ 18,000.00 <br />201-46500-441 <br />1,500,00 #2 <br />µ#3 <br />$ <br />201-46500-433 <br />$ <br />1,400.00 <br />201-46500-331 <br />$ <br />700.00 <br />Sub Total $ 3,600.00 <br />201-46500-100 _ $__ 2_,_400.00 <br />201-46500-122 $ 183.60 <br />Sub Total $ 2,583.60 <br />#4 <br />$ 14,500.00 <br />Sub Total $ 14,500.00 #6 <br />201-46500-210 $ 2,500.00 <br />201-46500-210 <br />201-46500-210 <br />201-46500-210 <br />Sub Total $ 2,500.00 #7 <br />201-46500-304 $ 475.00 <br />Sub Total S <br />475.00 #8 <br />1"r•.3, $ 41,658.60 <br />'Total Capital Budget (5k opp fund; 10k Facade grant) $ 15,000.00 #5,#9 <br />Total Budget Request $ 56,658.60 <br />EDA Fund Summary <br />Beginning Balance 12/31/23 $ 55,153.00 <br />Anticipated Budget Surplus 2024 $ 7,500.00 <br />Estimated Ending Balance <br />$ 62,653.00 <br />12/31/24 <br />2025 Requested Contribution $ 56,658.60 <br />2025 Budgeted Expenditures $ (41,658.60) <br />Estimated Ending Balance 12/31/25 $ 77,653.00 <br />Notes: <br />#1 - 3x $1,440 x 50% (3 renewals). Ix $2,000 x 75% (1 new with signs) & 1 x $1,440 rent <br />#2 - Conference $760, HBA $240 ($15/month & $60 for EDA member 4x year), QUAD Lunch-n-Learn $150, Misc webinars $100, Misc <br />#3 - ACRED $220, Quad $150, EDAM $320, HBA $185+315MNCar or other <br />#4 - Was $1,800. added $600 for 4 additional meetings for strategic planning <br />#5 - Added in $10,000 for Facade Grant Program - line item removed and added to Capital Budget. See #9 <br />#6 - Planters $10,000 + Holiday lights/other. $1,500 for Tif 101 Presentation for TIF policy <br />#7 - $1,000 added for Swag <br />#8 - $475 added for legal review of policy documents or other <br />#9 - Reduced opportunity fund to $5,000 due to other expenses. <br />
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