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2025 BUDGET DETAIL
<br />Dept: 920-6210 - Economic Development Authority
<br />Acct.
<br />No.
<br />Explanation/Detail of Supplies or Services
<br />2021
<br />Actual
<br />2022
<br />Actual
<br />2023
<br />Actual
<br />2024
<br />BUDGET
<br />2025
<br />BUDGET
<br />3111
<br />3322
<br />3621
<br />3629
<br />3949
<br />4101
<br />REVENUES:
<br />Property Taxes
<br />MV Credit
<br />Interest Income
<br />Miscellaneous Revenue
<br />Transfers In - HRA
<br />TOTAL EDA REVENUES
<br />EXPENDITURES:
<br />PERSONAL SERVICES
<br />Regular Pay
<br />362,164
<br />360,527
<br />392,447
<br />415,950
<br />427,000
<br />199
<br />210
<br />232
<br />1,396
<br />13,333
<br />51,185
<br />15,000
<br />25,000
<br />23,506
<br />-
<br />3,500
<br />3,500
<br />4,000
<br />4,000
<br />4,000
<br />390,765
<br />83,612
<br />377,570
<br />93,298
<br />447,864
<br />115,979
<br />434,950
<br />123,900
<br />456,000
<br />130,800
<br />4103
<br />Part-time Pay
<br />12,600
<br />12,600
<br />12,600
<br />12,600
<br />12,600
<br />4104
<br />PERA
<br />5,697
<br />6,700
<br />8,788
<br />9,500
<br />10,000
<br />4105
<br />FICA
<br />5,816
<br />6,286
<br />7,698
<br />8,350
<br />8,800
<br />4107
<br />Medicare
<br />1,412
<br />1,522
<br />1,827
<br />2,000
<br />2,100
<br />4108
<br />Insurance
<br />5,131
<br />17,703
<br />24,106
<br />24,300
<br />25,500
<br />4109
<br />Workers Comp
<br />483
<br />516
<br />473
<br />550
<br />650
<br />4201
<br />4212
<br />4304
<br />4319
<br />4321
<br />4322
<br />4331
<br />4349
<br />TOTAL PERSONAL SERVICES
<br />SUPPLIES
<br />Office Supplies
<br />Office supplies
<br />114,751
<br />2,584
<br />138,625
<br />7,250
<br />171,471
<br />1,719
<br />181,200
<br />2,500
<br />190,450
<br />3,000
<br />80
<br />55
<br />-
<br />2,500
<br />2,500
<br />Computer equip
<br />500
<br />Fuels & Lubes
<br />Unleaded gas
<br />50
<br />50
<br />2,664
<br />9,237
<br />7,305
<br />7,027
<br />1,719
<br />10,7861
<br />50
<br />50
<br />TOTAL SUPPLIES
<br />SERVICES & CHARGES
<br />Legal Fees
<br />M isc.
<br />2,550
<br />10,000
<br />3,050
<br />10,000
<br />7,590
<br />-
<br />-
<br />10,000
<br />10,000
<br />Other Professional Services
<br />Consulting/Studies
<br />27,000
<br />25,000
<br />430
<br />12
<br />-
<br />27,000
<br />25,000
<br />Telephone
<br />Cell phone 2
<br />400
<br />400
<br />26
<br />10
<br />40
<br />400
<br />400
<br />Postage
<br />Marketing mailings
<br />200
<br />100
<br />10,769
<br />5,035
<br />5,946
<br />200
<br />100
<br />Conferences/Schools
<br />EDAM
<br />10,450
<br />11,000
<br />44,780
<br />27,367
<br />30,914
<br />2,500
<br />1,500
<br />Annual IEDC Conference
<br />-
<br />-
<br />Chamber Events
<br />500
<br />500
<br />M REJ
<br />1,000
<br />1,000
<br />MNCREW
<br />-
<br />-
<br />CMMA
<br />350
<br />400
<br />Ehlers/Baker Tilly Symposium
<br />600
<br />600
<br />Misc. training - IEDC Certification
<br />-
<br />1,500
<br />MAEDC BP and Competitive Conf.
<br />2,500
<br />2,500
<br />Other
<br />3,000
<br />3,000
<br />Advertising/Marketing
<br />Community Profiles
<br />67,200
<br />73,600
<br />2,000
<br />Advertising Production & Publication
<br />8,000
<br />8,000
<br />Direct Mailings - Mfg Week
<br />-
<br />100
<br />Promo items
<br />1,000
<br />1,000
<br />Special events
<br />2,000
<br />2,000
<br />Sponsorships (City/EDA)
<br />3,000
<br />4,000
<br />Catalyst
<br />5,000
<br />5,000
<br />Trade Shows & Lead Generation includes travel
<br />8,000
<br />8,000
<br />Site Selector Event (Economix, Etc) - moved from 4331
<br />3,000
<br />3,000
<br />EDA Website EDA share - 1/2 EDA & 1/2 HRA
<br />5,700
<br />6,000
<br />Lead Forensics 2023 - no longer shared by EDA/HRA
<br />-
<br />-
<br />Promotion & Awards
<br />1,500
<br />1,500
<br />Holiday card marketing
<br />-
<br />-
<br />To ether Elk River Campaign
<br />20,000
<br />20,000
<br />Energy City Program rebates
<br />2,500
<br />1 1,000
<br />Page 219 of 381
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