|
2024 BUDGET DETAIL
<br />Dept:920-6210 - Economic Development Authority
<br />Acct.20232024
<br />202020212022
<br />Explanation/Detail of Supplies or Services
<br />No.BUDGETBUDGET
<br />ActualActualActual
<br />REVENUES:
<br />3111Property Taxes 334,277 362,164 360,527 395,700 415,950
<br />3322MV Credit 160 199 210 -
<br />3621Interest Income 4,579 1,396 13,333 5,000 15,000
<br />3629Miscellaneous Revenue 4,200 23,506 - -
<br />3949Transfers In - HRA 3,500 3,500 3,500 4,000 4,000
<br />TOTAL EDA REVENUES 346,716 390,765 377,570 404,700 434,950
<br />EXPENDITURES:
<br />PERSONAL SERVICES
<br />4101Regular Pay 102,259 83,612 93,298 113,350 123,900
<br />4103Part-time Pay 12,600 12,600 12,600 12,600 12,600
<br />4104PERA 6,955 5,697 6,700 8,700 9,500
<br />4105FICA 6,515 5,816 6,286 7,700 8,350
<br />4107Medicare 1,576 1,412 1,522 1,850 2,000
<br />4108Insurance 14,725 5,131 17,703 24,300 24,300
<br />4109Workers Comp 438 483 516 500 550
<br />TOTAL PERSONAL SERVICES 145,068 114,751 138,625 169,000 181,200
<br />SUPPLIES
<br />Office Supplies
<br />4201 1,522 2,584 7,250 3,800 2,500
<br />Office supplies 2,500 2,500
<br />Computer equip 1,300
<br />Fuels & Lubes
<br />4212 - 80 55 50 50
<br />Unleaded gas 50 50
<br />TOTAL SUPPLIES 1,522 2,664 7,305 3,850 2,550
<br />SERVICES & CHARGES
<br />Legal Fees
<br />4304 8,715 9,237 7,027 9,500 10,000
<br />Misc. 9,500 10,000
<br />
<br />Other Professional Services
<br />4319 50,846 7,590 - 6,000 27,000
<br />Consulting/Studies 5,000 27,000
<br />Process mapping 1,000 -
<br />Telephone
<br />4321 742 430 12 1,000 400
<br />Cell phone (2) 1,000 400
<br />Postage
<br />4322 93 26 10 500 200
<br />Marketing mailings 500 200
<br />Conferences/Schools
<br />4331 4,461 10,769 5,035 6,500 10,450
<br />EDAM 2,000 2,500
<br />Annual IEDC Conference - -
<br />Chamber Events 300 500
<br />MREJ 350 1,000
<br />MNCREW 100 -
<br />CMMA 300 350
<br />Ehlers/Baker Tilly Symposium 450 600
<br />Misc. training - IEDC Certification - -
<br />MAEDC (BP and Competitive Conf.) - 2,500
<br />Other 3,000 3,000
<br />Advertising/Marketing
<br />4349 60,516 44,780 27,367 75,600 67,200
<br />Community Profiles 1,000 2,000
<br />Advertising (Production & Publication) 13,000 8,000
<br />Direct Mailings - Mfg Week 200 -
<br />Promo items 2,500 1,000
<br />Special events 3,000 2,000
<br />Sponsorships (City/EDA) 3,000 3,000
<br />Catalyst 4,500 5,000
<br />Trade Shows & Lead Generation (includes travel) 10,000 8,000
<br />Site Selector Event (Economix, Etc) - moved from 4331 3,500 3,000
<br />EDA Website (EDA share - 1/2 EDA & 1/2 HRA) 5,700 5,700
<br />Lead Forensics (2023 - no longer shared by EDA/HRA) 2,400 -
<br />Promotion & Awards 1,500 1,500
<br />Holiday card marketing 300 -
<br />Together Elk River Campaign 15,000 20,000
<br />Energy City Program (rebates) 10,000 2,500
<br />
|