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7.2. EDSR 08-14-2000
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7.2. EDSR 08-14-2000
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8/14/2000
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• Following is a line item analysis of the proposed year 2001 expenditures for <br /> the EDA. <br /> • Personal Services $ 91,450 <br /> • Office Supplies — (HRA to pay 25%) $ 2,600 <br /> • Fuels & Lubricants — (HRA to pay 25%) $ 150 <br /> • Legal Fees — (HRA to pay 25%) $ 1,750 <br /> • Other Professional Services (Misc.) $ 4,000 <br /> • Telephone — (HRA to pay 25%) $ 1,000 <br /> • Postage — (HRA to pay 25%) $ 1,500 <br /> • Travel, Conference & Schools — (HRA to pay 25%) $ 5,000 <br /> • Advertising & Marketing $ 35,000 <br /> Per Adopted Industrial Marketing Plan <br /> * Precision Machinery - $3,960 <br /> * Business & Industry Magazine - $6,162 <br /> * Twin Cities Business Monthly - $12,920 <br /> * Web Site Update - $1,958 <br /> * Ad/Layout Design Services - $4,000 <br /> * Misc. Marketing Materials & Logo Design - $5,000 <br /> * Marketing Events - $1,000 <br /> • Publishing—(HRA to pay 25%) $ 1,000 <br /> • Insurance $ 500 <br /> • Dues & Subscriptions — (HRA to pay 25%) $ 700 <br /> • • Miscellaneous — (HRA to pay 25%) $ 6,000 <br /> * Donation to Chamber of Commerce <br /> • Transfer out to General Fund $ 3,000 <br /> Total EDA Year 2001 Proposed Expenditures $153,650 <br /> Total EDA Year 2001 Projected Revenues - $ 153,650 <br /> Business Incubator <br /> The EDA business incubator budget includes total revenue from rent <br /> expected in the amount of$12,000 in 2001. Current and proposed tenants <br /> include SolarAttic, Vertical Publishing, and Integrated Power Solutions. <br /> Proposed business incubator expenses include the following: <br /> • Operating supplies $ 700 <br /> • Professional Services —Harlan Jacobs, consultant $ 6,000 <br /> • Advertising and Marketing $ 5,000 <br /> • Cleaning services $ 500 <br /> • Building rent—Larry Hickman, landlord $25,000 <br /> • Buildings and Structures —potential minor <br /> • Leasehold improvements $ 5,000 <br />
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