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Consent# ~' <br />REVIEW AND ADOPT 2010 ECONOMIC DEVELOPMENT AUTHORITY <br />OPERATING BUDGET <br />By: Diana Lund, Finance Officer <br />Background: <br />Attached for your review and consideration is the 2010 Proposed Economic Development <br />Authority Budget. This budget will be funded by the EDA levy that was adopted on December 8, <br />2009. <br />This budget includes expenditures for salary costs of various levels of city staff, professional <br />services for outside consulting services and allowances for economic development programs, <br />annual business appreciation day and entry signs into the City. <br />Also attached to this case is a resolution amending the 2009 activity. This is primarily a <br />"housekeeping" item and is done on an annual basis. The projections through the end of the year <br />are based on actual activity. <br />Funding Source: <br />Budget is supported by the 2010 property tax levy. <br />Staff Recommendation: <br />Approve attached Resolution # 10-01-X:XX Adopting the 2010 Economic Development Authority <br />Operating Budget; <br />And <br />Approve attached Resolution #10-O1-XXX Amending the 2009 Economic Development <br />Authority Operating Budget. <br />Council Action: <br />Motion to recommend Council adopt Resolution #10-O1-XXX Adopting the 2010 Economic <br />Development Authority Operating Budget, <br />And <br />Motion to recommend Council adopt Resolution #10-O1-XXX Amending the 2009 Economic <br />Development Authority Operating Budget. <br />Reviewed by: C <br />Ci Administrator: <br />ty <br />Finance Officer <br />CC: 1/26/10 <br />