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7a.Attachment B <br />Memo <br />To: <br />Kari Collins,Interim Community Development Director <br />Jeanne Kelsey, HRA Director <br />From: <br />Chris Miller, Finance Director <br />Date: <br />June 13, 2016 <br />Re: <br />Summary of Available Funds for General EDAProgram Purposes <br />Kari and Jeanne, <br />Earlier this year, I provided a memo dated April 5, 2016 which summarized the available funds <br />for the Roseville EDA. A copy of that memo is attached. The information below supplements that <br />memo by providing a brief summary of the funds available tothe Roseville Economic <br />Development Authority for generalEDA programs <br />These general programs are capturedand referred internally as ‘Fund 723’ programs which <br />includes all EDA staffing. In practice, this is really the EDA’s General Fund. The following table <br />provides a summary of 2016 EDA General Fund activity through 5/31/16. <br />thru <br />2016 <br />Revenues <br />5/31/2016 <br />Property Taxes$- <br />ECHO Project Grant10,000 <br />Other4,063 <br />Interest Earnings on Investments1,152 <br />Total$15,215 <br />Expenditures <br />(incl. TOTAL for 2016) <br />Personnel Expenses $205,524 <br />Supplies & Materials35 <br />Professional Services: ECHO29,250 <br />Professional Services: Other17,635 <br />Telephone, Postage, Transportation165 <br />Advertising & Printing4,700 <br />Conferences & Training435 <br />Memberships330 <br />Administrative Service Charges9,080 <br />Contractor Payments2,320 <br />Total$269,475 <br />Net From Operations <br />$ (254,259) <br />Beginning Cash Balance294,027 <br />Ending Cash Balance <br />$39,768 <br />Page 1of 2 <br /> <br />