6.2. EDSR 08-20-2018 - Laserfiche WebLink

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 Celebrate and grow our existing businesses by conducting 24 BR&E visits in 2019.  Market the city of Elk River as a destination. Major Changes Direction from the budget workshop included the following changes: Office Supplies Office Supplies were decreased by $1,300 for 2019. Postage Increased by $50 for direct mailings. Conferences and Schools Adjustments were made resulting in a decrease of $1,350 over last year as a result of not attending the 2019 International Economic Development Council Conference. Staff plans to attend in 2018 and will budgeted for every other year. Additions were made to this line item to include conference registration and travel to the Economix event, MADCE Data Center Conference and EDAM. Advertising and Marketing Advertising and Marketing includes advertising production and publication for local, national and global publications, resulting in a decrease of $1,550 over the previous year. The decrease accounts for savings realized by partnerships with DEED, the MN Marketing Partnership and Sherburne County. Dues and Subscriptions A decrease of $650 was made in membership with Constant Contact and miscellaneous subscriptions. Miscellaneous In addition to contributing to the Initiative Foundation, a $45,000 contribution will be made to the wetland bank to assist in facilitating new development where wetlands impede growth. This is the most significant change to the budget year over the past two years. Any unspent funds remaining at the end of the year stay in the EDA fund for future economic development purposes/projects. If a non-budget item comes up in 2019, we can use the fund balance and make a budget amendment. Financial Impact The 2019 expenditure budget is $332,600. Attachments  Resolution  Proposed 2019 Budget Detail Spreadsheet  July 16, 2018 EDA Budget Workshop Packet