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Consider FI A Year 2004 Budget <br /> August 25,2003 <br /> Page 2 of 2 <br /> Following is a line item analysis of the proposed year 2004 expenditures for the HRA: <br /> • Personal Services $ 51,550 <br /> • Office Supplies (shared with EDA) $ 3,450 <br /> • Fuels and Lubricants (shared with EDA) $ 150 <br /> • Legal Fees (TIF,relocation, etc.) $ 12,000 <br /> • Other Professional Services $ 52,500 <br /> o Ehlers&Assoc. -Redevelopment Project Management <br /> o HRGreen- Engineering Services <br /> o Relocation Consultation Services <br /> • Telephone (shared with EDA) $ 200 <br /> • Postage (public meeting notices, Q&A inserts) $ 1,000 <br /> • Travel,Conference&Schools (shared with EDA) $ 6,000 <br /> • Publishing (Downtown Project Communications) $ 8,200 <br /> • Insurance $ 200 <br /> • Dues&Subscriptions (shared with EDA) $ 1,150 <br /> • Transfer out to General Fund (support staff, etc) $ 8,700 <br /> • Transfer-Capital Outlay(sidewalk project-final payment) $ 67,650 <br /> • Transfer out to EDA (approx. 30% shared expenses) $ 3,500 <br /> Total HRA Year 2004 Proposed Expenditures: $205,300 <br /> Total HRA Year 2004 Proposed Revenue: $209,450 <br /> Attached to this memo you will find a Resolution establishing the tax levy for the Elk River <br /> I-IRA and requests that the City Council levy such maximum amount for the authority for <br /> the year 2004, as in previous years. The City must certify its proposed maximum levy, <br /> including EDA and HRA levies,to Sherburne County annually in September. <br /> Recommendation <br /> Staff recommends that the HRA approve the year 2004 HRA Budget as presented,and <br /> approve of the attached Resolution establishing the HRA tax levy for collection in year 2004. <br /> • <br />