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DRAFT
<br />City of Roseville Economic Development Authority
<br />2017 Proposed_Budget_Fund 723Notes on Budget
<br />Account201620162016201720172017
<br /> Cash Available and Modified Budget
<br />NumberDescriptionApprovedProposed Proposed Proposed
<br />723BudgetExpenditure to datefor operatingBudgetBudgetBudget
<br />7/31/20168/29/2016A StaffingB StaffingC Staffing
<br />Proposed Revenues:RevenueRevenueRevenueRevenueRevenue
<br />Investment Income588.19
<br />Cash carry-over$128,917.60$128,917.60$0.00
<br />Cashflow Reserve$165,109.58$165,109.58$0.00
<br />Property Tax paid late$14,290.44
<br />$0.00$0.00$303,710.00$568,585.00$636,521.25
<br />EDA Levy
<br />Maximum Levy 2017 $787,000
<br />ECHO Participation 2016$0.00$10,000.00$0.00
<br />Transfer 2016 from 720 , 2017 from Loan
<br />$0.00$81,500.00
<br />Transfer of Cash from other accounts
<br />Program
<br />Grant from EDAM for intern/ECHO
<br />$0.00$1,000.00
<br />Miscellaneous Income - Grants for ED Intern
<br />project carryover
<br />39%72%81%
<br />Percentage of Maximum Levy of $787,000
<br />Total Revenue$294,027.18$319,905.81$81,500.00$303,710.00$568,585.00$636,521.25
<br />Account2016201620162017
<br /> Additional
<br /> Cash Spent to Date identified
<br />NumberDescriptionApprovedProposed
<br />723Budget7/31/2016ExpensesBudget
<br />Proposed Expenses:ExpensesExpensesExpenses
<br />Housing Replacement/Single Family Construction
<br />Funds
<br />71
<br />$0.00$0.00$0.00$0.00
<br />430000Professional Services
<br />$0.00$0.00$0.00$0.00
<br />434000Printing
<br />448000Miscellaneous$0.00$0.00$0.00$0.00
<br />490000Contractor Payments
<br />Housing Replacement/Single Family Construction
<br />Funds
<br />$0.00$0.00$0.00$0.00$0.00
<br />71
<br />Multi Family Loan & Acquisition Fund
<br />72
<br />$0.00$0.00$0.00$0.00
<br />430000Professional Services
<br />$0.00$0.00$0.00$0.00
<br />434000Printing
<br />448000Rental Licensing - Manager/Owner Meeting
<br />Other Services & Charges - Acquisition$100,000.00$0.00$200,000.00$200,000.00
<br />$43,875.00
<br />490000ECHO Project 2016 Final
<br />72Multi Family Loan & Acquisition Fund$100,000.00$43,875.00$0.00$0.00$200,000.00$200,000.00
<br />Ownership Rehab Program
<br />73
<br />$12,000.00$12,000.00$15,000.00$15,000.00$15,000.00
<br />430000Professional Services-HRC
<br />$0.00
<br />433000Advertising
<br />Other Services & Charges Fees for Loan Closing
<br />$850.00$850.00$850.00$850.00
<br />490000Green Award Program
<br />$12,000.00$6,840.00$12,000.00$12,000.00$12,000.00
<br />Energy Efficiency Program
<br />73Ownership Rehab Program Total$24,850.00$18,840.00$0.00$27,850.00$27,850.00$27,850.00
<br />First Time Buyer Program
<br />74
<br />$0.00
<br />430000Professional Services - Educational Outreach
<br />433000Advertising
<br />$0.00$0.00$0.00$0.00
<br />448000Other Services & Charges (448000, 424000)
<br />490000Live/work RSV program
<br />74First Time Buyer Program Total$0.00$0.00$0.00$0.00$0.00$0.00
<br />78Neighborhood Enhancement Program
<br />$47,500.00$47,500.00$47,900.00$47,900.00$47,900.00
<br />430000Prof Services - City of Roseville
<br />$6,475.00$3,070.00$3,070.00$3,070.00
<br />433000Marketing -Printing and Mailing
<br />$3,615.00$3,615.00$3,615.00
<br />Other Services & Charges
<br />Neighborhood Enhancement Program Total
<br />78$53,975.00$47,500.00$0.00$54,585.00$54,585.00$54,585.00
<br />82Marketing Studies
<br />$10,000.00$0.00$0.00$0.00
<br />430000Intern for researching Hotel/Motel enforcement
<br />$15,000.00
<br />430000Market Research
<br />$10,000.00$40,000.00
<br />430000Professional Services to review SE opportunities
<br />$4,700.00$0.00$0.00$0.00
<br />433000GRPB Civic Plus Platform, Design of New Brochure
<br />Carryover costs from 2015 budget
<br />$6,500.00$1,674.98$6,500.00$6,500.00$6,500.00
<br />434000Printing Marketing Materials
<br />$1,500.00$15.52$1,500.00$1,500.00$1,500.00
<br />448000Miscellaneous-Postage
<br />82Marketing Studies$28,000.00$6,390.50$55,000.00$8,000.00$8,000.00$8,000.00
<br />56Economic Development
<br />$10,000.00$5,702.75$6,500.00$10,000.00$15,000.00$15,000.00
<br />430000BR&E Intern
<br />$20,000.00$50,000.00
<br />430000Economic Development Consultant On-Call
<br />$10,000.00$6,000.00$6,000.00$6,000.00
<br />433000BR&E Newsletter page, other outreach
<br />6,000 for newsletter
<br />$300,000.00$0.00
<br />Economic Development Funds
<br />$6,000.00$460.00$2,000.00$2,000.00$2,000.00
<br />441000Business Educational Series
<br />$400.00$500.00$500.00$500.00
<br />448000Salesforce & Misc.
<br />56Economic Development Program Total$326,400.00$6,162.75$26,500.00$18,500.00$73,500.00$23,500.00
<br />00General EDA Expenditures
<br />$157,100.00$157,100.00$162,000.00$159,500.00$260,725.00
<br />430000Prof. Services - City of Roseville
<br />$2,500.00$920.65$2,500.00$2,500.00$2,500.00
<br />430000Prof. Svs. (Secretary)
<br />$15,000.00$1,902.75$15,000.00$15,000.00$15,000.00
<br />0006Prof. Svs. (EDA Attorney)
<br />$9,080.00$9,080.00$9,275.00$9,650.00$15,361.25
<br />448001Fiscal/Overhead Fee
<br />$2,500.00$928.32$2,500.00$2,500.00$5,000.00
<br />441000Education (Training/Conferences)
<br />$1,000.00$0.00$0.00$0.00
<br />441000Training/Conferences for Board members
<br />$1,500.00$780.00$1,500.00$1,500.00$2,000.00
<br />442000Mbrship/Subscriptions
<br />Other Services & Charges(448000,424000,433000)$2,000.00$878.03$2,000.00$2,000.00$27,000.00
<br />448000
<br />00General EDA Expenditures$190,680.00$171,589.75$0.00$194,775.00$192,650.00$327,586.25
<br />Subtotal Expenditures$723,905.00$294,358.00$81,500.00$303,710.00$556,585.00$641,521.25
<br />$0.00$0.00
<br />Contingency
<br />Total Budgeted Expenses$723,905.00$294,358.00$81,500.00$303,710.00$556,585.00$641,521.25
<br />Total Expenses to date 7/31/2016$294,358.00
<br />-$429,877.82$25,547.81$0.00
<br />Over (under)*
<br />$106,298.50$194,804.75$224,532.44
<br />Operating Reserve Recommended 35% of Budget
<br />Transfer from Rovolving Loan Program
<br />Percentage of Levy Funds for Staffing/Consultants
<br />56.63%39.48%47.25%
<br />Overall Staffing Costs$172,000.00$224,500.00$300,725.00
<br />DRAFT
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