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FUND ECONOMIC DEVELOPMENT AUTHORITY
<br />BUDGET SUMMARY:
<br />Business
<br />Unit
<br />Object
<br />Account
<br />Description
<br />2018
<br />Actual
<br />2019
<br />Actual
<br />2020
<br />Actual
<br />2021 Actual
<br />2022
<br />Adopted
<br />Budget
<br />2023
<br />Requested
<br />Budget
<br />9230
<br />4011
<br />CURRENT -AD VALOREM TAXES
<br />84,583
<br />85,062
<br />76,787
<br />63,927
<br />75,360
<br />82,610
<br />9230
<br />4012
<br />DELINQUENT -AD VALOREM TAXES
<br />919
<br />434
<br />410
<br />1,060
<br />9230
<br />4014
<br />FISCAL DISPARITIES
<br />18,824
<br />14,360
<br />13,753
<br />11,146
<br />9230
<br />4273
<br />OTHER STATE GRANTS &AIDS
<br />-
<br />-
<br />9230
<br />4609
<br />OTHER MISCELLANEOUS REVENUES
<br />3,816
<br />46,972
<br />10
<br />9230
<br />4701
<br />INTEREST ON INVESTMENTS
<br />16,059
<br />35,028
<br />40,633
<br />(3,673)
<br />10,000
<br />5,000
<br />9230
<br />4901
<br />TRANSFER IN FROM OTHER FUNDS
<br />-
<br />-
<br />Total Revenue
<br />124,202
<br />181,856
<br />131,583
<br />72,470
<br />85,360
<br />87,610
<br />Business
<br />Unit
<br />Object
<br />Account
<br />Description
<br />2018
<br />Actual
<br />2019
<br />Actual
<br />2020
<br />Actual
<br />2021 Actual
<br />2022
<br />Adopted
<br />Budget
<br />2023
<br />Requested
<br />Budget
<br />9230
<br />6102
<br />F.T. REGULAR -WAGES & SALARIES
<br />-
<br />-
<br />9230
<br />6105
<br />TEMPORARY -WAGES & SALARIES
<br />1,435
<br />840
<br />755
<br />560
<br />1,500
<br />1,500
<br />9230
<br />6121
<br />PERA CONTRIBUTIONS
<br />-
<br />-
<br />-
<br />9230
<br />6122
<br />FICA/MEDICARE CONTRIBUTIONS
<br />120
<br />64
<br />58
<br />43
<br />100
<br />100
<br />9230
<br />6131
<br />GROUP INSURANCE
<br />-
<br />-
<br />9230
<br />6133
<br />WORKERS COMP INSURANCE PREMIUM
<br />7
<br />4
<br />4
<br />2
<br />10
<br />10
<br />9230
<br />6246
<br />MARKETING
<br />4,150
<br />22,027
<br />2,430
<br />7,190
<br />30,000
<br />25,000
<br />9230
<br />6249
<br />MISCELLANEOUS OPERATING SUPPLY
<br />15,261
<br />10,771
<br />9,562
<br />2,364
<br />19,000
<br />19,000
<br />9230
<br />6304
<br />LEGAL FEES
<br />-
<br />-
<br />9230
<br />6315
<br />MISCELLANEOUS PROFESSIONAL SER
<br />27,889
<br />20,999
<br />70,426
<br />46,082
<br />30,000
<br />35,000
<br />9230
<br />6322
<br />POSTAGE
<br />-
<br />-
<br />9230
<br />6323
<br />CELLULAR PHONES
<br />-
<br />-
<br />9230
<br />6331
<br />TRAVEL & LODGING
<br />347
<br />850
<br />-
<br />312
<br />1,000
<br />2,300
<br />9230
<br />6335
<br />TRAINING
<br />511
<br />2,048
<br />483
<br />575
<br />1,000
<br />1,500
<br />9230
<br />6361
<br />GENERAL LIABILITY/PROPERTY INS
<br />511
<br />590
<br />877
<br />3,242
<br />750
<br />1,000
<br />9230
<br />6371
<br />ELECTRIC UTILITIES
<br />-
<br />-
<br />9230
<br />6433
<br />REFUNDS/REIMBURSEMENTS
<br />-
<br />-
<br />-
<br />250,000
<br />9230
<br />6530
<br />IMPROVEMENTS OTHER THAN BUILDINGS
<br />-
<br />-
<br />15,151
<br />9230
<br />6451
<br />MEMBERSHIP DUES
<br />1,370
<br />1,437
<br />940
<br />1,121
<br />2,000
<br />2,200
<br />9230
<br />6452
<br />SUBSCRIPTIONS
<br />-
<br />-
<br />-
<br />5
<br />Total Expenditure
<br />51,601
<br />59,630
<br />85,534
<br />326,645
<br />85,360
<br />87,610
<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 />
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