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Contact at least five data centers to attempt to recruit to Elk River. <br />Participate in the Department of Employment and Economic Development's Positively <br />Minnesota program. <br />Major Changes <br />Direction from the budget workshop included the following changes: <br />Legal Fees <br />Legal fees were increased by $5,000 for this budget cycle due to increased development activity to include <br />review and drafting of legal documents. <br />Telephone <br />Long distance plans were eliminated citywide; however, an ipad data plan is added for a second <br />department ipad. Overall, this is a decrease in the overall line item by $350. <br />Conferences and Schools <br />Adjustments were made to the cost of registrations for CMMA and Springsted conferences. Additions <br />were made to this line item to include conference registration and travel to the annual Site Selector Guild <br />Conference. <br />Advertising and Marketing <br />Additions to the budget include $12,000 for advertising production and publication for global <br />publications, and updating the EDA website. Reductions of $17,350 to this line item include community <br />profiles, special events, EDA owned property, zoom prospector, DEED Shovel Ready certification costs <br />and direct mailings. A reduction in the amount of money spent on direct mailings is a direct result of <br />efficiencies made internally by sending email blasts to the local business community. The net change for <br />advertising and marketing is a decrease of $5,350. <br />Publishing <br />A slight adjustment was made to publishing to increase this line item by $50 due to increased <br />development activity and notice publication for public hearings. <br />Dues and Subscriptions <br />An increase of $1,050 was made to this line item to include an additional membership within our <br />department for IEDC, memberships to Finance dam' Commerce, and the Elk River Rotary. <br />Any unspent funds remaining at the end of the year stay in the EDA fund for future economic <br />development purposes/projects. If a non -budget item comes up in 2015, we can use the fund balance and <br />make a budget amendment. <br />Financial Impact <br />The 2016 expenditure budget is $290,650. <br />Attachments <br />■ Resolution <br />■ Proposed 2016 Budget Detail Spreadsheet <br />■ July 20, 2015, EDA Budget Workshop Packet <br />