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I <br />I <br />I <br />I <br /> <br /> I <br /> I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />FC CASE <br /> <br />ADOPT 19971ECONOMIC DEVELOPMENT AUTHORITY OPERATING BUDGET <br /> By: Jessie L. Hart, Finance Officer <br /> <br />Background: <br /> <br />Attached for yo~ review and consideration <br />Authority Budg,t. This is the fourth year <br />development activities financed by the EDA. <br /> <br />is the 1997 Proposed Economic Development <br />a formal budget will be used for economic <br /> <br />The financing soWces for these operations include transfers from the tax increment districts and <br />interest earnings,i Additional revenues from land sales could be recognized in 1997, but due to <br />the speculative n~tture, are not budgeted for. <br /> <br />This budget inclt~des expenditures for salary costs of various levels of city staff, costs associated <br />with the Econo~ic Development Commission (these costs had formally been shown in the <br />General Fund) anted allowances for economic development programs including participation at the <br />annual Game Fail', business expo and entry signs into the City. <br /> <br /> _r <br />Staff Recommendation: <br /> ' 2-~xx <br />Approve attachad Resolution #96-1 Adopting the 1997 Economic Development <br />Authority Operating Budget. <br /> <br />Committee ActiOn: <br /> <br />Motion to reco .n~nend City Council adoption of Resolution #96-12-XXX Adopting the 1997 <br />Economic DevelO~pment Authority Operating Budget. <br /> <br />Review Checklisl: <br /> <br />City AdministratOr <br />Finance Officer <br />Economic DevelOpment Coordinator <br /> <br />FC: 12/10/96 <br /> <br /> <br />