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BUDGET SUMMARY: <br />Business <br />Unit <br />Object <br />Account <br />Description <br />2019 <br />Actual <br />2020 <br />Actual <br />2021 <br />Actual <br />2022 <br />Actual <br />2023 <br />Adopted <br />Budget <br />2024 <br />Rquested <br />Budget <br />9230 <br />4011 <br />CURRENT -AD VALOREM TAXES <br />85,062 <br />76,787 <br />63,927 <br />66,843 <br />82,610 <br />87,390 <br />9230 <br />4012 <br />DELINQUENT -AD VALOREM TAXES <br />434 <br />410 <br />1,060 <br />348 <br />9230 <br />4014 <br />FISCAL DISPARITIES <br />14,360 <br />13,753 <br />11,146 <br />9,838 <br />9230 <br />4273 <br />OTHER STATE GRANTS & AIDS <br />- <br />9230 <br />4609 <br />OTHER MISCELLANEOUS REVENUES <br />46,972 <br />10 <br />198,638 <br />9230 <br />4701 <br />INTEREST ON INVESTMENTS <br />35,028 <br />40,633 <br />(3,673) <br />(11,202) <br />5,000 <br />5,000 <br />9230 <br />4901 <br />TRANSFER IN FROM OTHER FUNDS <br />- <br />Total Revenue <br />181,856 <br />131,583 <br />72,470 <br />264,465 <br />87,610 <br />92,390 <br />Business <br />Unit <br />Object <br />Account <br />Description <br />2019 <br />Actual <br />2020 <br />Actual <br />2021 <br />Actual <br />2022 <br />Actual <br />2023 <br />Adopted <br />P <br />Budget <br />2024 <br />Rquested <br />Budget <br />9230 <br />6102 <br />F.T. REGULAR -WAGES & SALARIES <br />- <br />9230 <br />6105 <br />TEMPORARY -WAGES & SALARIES <br />840 <br />755 <br />560 <br />660 <br />1,500 <br />1,000 <br />9230 <br />6121 <br />PERA CONTRIBUTIONS <br />- <br />- <br />9230 <br />6122 <br />FICA/MEDICARE CONTRIBUTIONS <br />64 <br />58 <br />43 <br />50 <br />100 <br />80 <br />9230 <br />6131 <br />GROUP INSURANCE <br />- <br />9230 <br />6133 <br />WORKERS COMP INSURANCE PREMIUM <br />4 <br />4 <br />2 <br />4 <br />10 <br />10 <br />9230 <br />6246 <br />MARKETING <br />22,027 <br />2,430 <br />7,190 <br />24,154 <br />25,000 <br />25,000 <br />9230 <br />6249 <br />MISCELLANEOUS OPERATING SUPPLY <br />10,771 <br />9,562 <br />2,364 <br />8,769 <br />19,000 <br />18,000 <br />9230 <br />6304 <br />LEGAL FEES <br />- <br />9230 <br />6315 <br />MISCELLANEOUS PROFESSIONAL SER <br />20,999 <br />70,426 <br />46,082 <br />43,193 <br />35,000 <br />36,200 <br />9230 <br />6322 <br />POSTAGE <br />- <br />9230 <br />6323 <br />CELLULAR PHONES <br />- <br />9230 <br />6331 <br />TRAVEL & LODGING <br />850 <br />- <br />312 <br />449 <br />2,300 <br />2,300 <br />9230 <br />6335 <br />TRAINING <br />2,048 <br />483 <br />575 <br />660 <br />1,500 <br />6,600 <br />9230 <br />6361 <br />GENERAL LIABILITY/PROPERTY INS <br />590 <br />877 <br />3,242 <br />624 <br />1,000 <br />1,000 <br />9230 <br />6371 <br />ELECTRIC UTILITIES <br />- <br />9230 <br />6433 <br />REFUNDS/REIMBURSEMENTS <br />- <br />- <br />250,000 <br />9230 <br />6530 <br />IMPROVEMENTS OTHER THAN BUILDINGS <br />- <br />15,151 <br />9230 <br />6451 <br />MEMBERSHIP DUES <br />1,437 <br />940 <br />1,121 <br />1,798 <br />2,200 <br />2,200 <br />9230 <br />6452 <br />SUBSCRIPTIONS <br />- <br />- <br />5 <br />17 <br />- <br />9230 <br />6530 <br />IMPROVEMENTS OTHER THAN BUILDINGS <br />- <br />- <br />- <br />20,143 <br />Total Expenditure <br />59,630 <br />85,534 <br />326,645 <br />100,521 <br />87,610 <br />92,390 <br />DESCRIPTION OF SERVICES: <br />The primary objective of the Economic Development Authority is to aid, assist and promote the <br />growth 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 />