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