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FUND ECONOMIC DEVELOPMENT AUTHORITY
<br />Business Object 2018 2019
<br />Description 2020 2021
<br />Unit Account Actual Actual
<br />Adopted Budget Requested Budget
<br />9230 4011 CURRENT -AD VALOREM TAXES 84,583 85,062 91,413 88,360
<br />9230 4012 DELINQUENT -AD VALOREM TAXES 919 434
<br />9230 4014 FISCAL DISPARITIES 18,824 14,360
<br />9230 4273 OTHER STATE GRANTS & AIDS -
<br />9230 4609 OTHER MISCELLANEOUS REVENUES 3,816 46,972
<br />9230 4701 INTEREST ON INVESTMENTS 16,059 35,028 7,500 10,000
<br />9230 4901 TRANSFER IN FROM OTHER FUNDS -
<br />Total Revenue
<br />124,202 181,856 98,913 98,360
<br />Business Object 2018 2019
<br />Description 2020 2021
<br />Unit Account Actual Actual
<br />Adopted Budget Requested Budget
<br />9230 6102 F.T. REGULAR -WAGES & SALARIES -
<br />9230 6105 TEMPORARY -WAGES & SALARIES 1,435 840 2,000 1,500
<br />9230 6121 PERA CONTRIBUTIONS -
<br />9230 6122 FICA/MEDICARE CONTRIBUTIONS 120 64 153 100
<br />9230 6131 GROUP INSURANCE -
<br />9230 6133 WORKERS COMP INSURANCE PREMIUM 7 4 10 10
<br />9230 6246 MARKETING 4,150 22,027 30,000 30,000
<br />9230 6249 MISCELLANEOUS OPERATING SUPPLY 15,261 10,771 19,000 19,000
<br />9230 6304 LEGAL FEES -
<br />9230 6315 MISCELLANEOUS PROFESSIONAL SER 27,889 20,999 43,000 43,000
<br />9230 6322 POSTAGE -
<br />9230 6323 CELLULAR PHONES -
<br />9230 6331 TRAVEL & LODGING 347 850 1,000 1,000
<br />9230 6335 TRAINING 511 2,048 1,000 1,000
<br />9230 6361 GENERAL LIABILITY/PROPERTY INS 511 590 750 750
<br />9230 6371 ELECTRIC UTILITIES -
<br />9230 6439 OTHER MISCELLANEOUS -
<br />9230 6451 MEMBERSHIP DUES 1,370 1,437 2,000 2,000
<br />9230 6452 SUBSCRIPTIONS -
<br />Total Expenditure 51,601 59,630 98,913 98,360
<br />DESCRIPTION OF SERVICES:
<br />The primary objective of the Economic Development Authority is to aid, assist and promote the growth
<br />and expansion of commercial, retail and industrial development in the City of Ramsey.
<br />GOALS OF CURRENT YEAR BUDGET:
<br />Enhance Business Retention and Expansion Program
<br />Increase number of jobs
<br />Increase retail base
<br />Reduce the amount of land owned by City for development
<br />!Sale of ALL City owned land (acres)
<br />Employment
<br />'Unemployment Rates
<br />2016 2017 2018 2019
<br />32.87 3 8 3
<br />6521 6,758 6900
<br />3.5% 3.10% 3.5% 3.50%
<br />7,100
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