Laserfiche WebLink
• Celebrate and grow our existing businesses by conducting 24 BR&E visits in 2018. <br /> • Market the city of Elk River as a destination. <br /> Major Changes <br /> Direction from the budget workshop included the following changes: <br /> Office Supplies <br /> Office Supplies were decreased by$1,200 in 2018. <br /> Telephone <br /> This line item was decreased by$350 due to the elimination of an ipad. <br /> Postage <br /> Decreased by$800 due to utilizing email and social media outlets in place of mailings. <br /> Conferences and Schools <br /> Adjustments were made resulting in a increase of$1,700 over last year in order to attend the International <br /> Economic Development Council (IEDC) conference. Staff did not attend in 2017. This will be budgeted <br /> for every other year.Additions were made to this line item to include conference registration and travel to <br /> the MADCE—Data Center Conference. <br /> Advertising and Marketing <br /> Advertising and Marketing in 2018 include advertising production and publication for global and national <br /> publications,resulting in a decrease of$7,200 over the previous year. The decrease accounts for savings <br /> realized by partnerships with DEED,the MN Marketing Partnership and Sherburne County. <br /> Dues and Subscriptions <br /> An increase of$450 was made to this line item to include an additional membership within our <br /> department to Greater MSP and Salesforce. <br /> Miscellaneous <br /> In addition to contributing to the Initiative Foundation,a$30,000 increase was made to the wetland bank <br /> to assist in facilitating new development where wetlands impede growth. This is the most significant <br /> change to the budget year over year. <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 2018,we can use the fund balance and <br /> make a budget amendment. <br /> Financial Impact <br /> The 2018 expenditure budget is $328,750,an increase of 12 percent over the previous year. <br /> Attachments <br /> • Resolution <br /> • Proposed 2018 Budget Detail Spreadsheet <br /> • July 17,2017,EDA Budget Workshop Packet <br />