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FUND ECONOMIC DEVELOPMENT AUTHORITY <br />BUDGET SUMMARY: <br />Business <br />Unit <br />Object <br />Account <br />Description <br />2021 <br />Actual <br />2022 <br />Actual <br />2023 <br />Actual <br />2024 <br />Actual <br />2025 <br />Adopted <br />Budget <br />2026 <br />Adopted <br />Budget <br />9230 4011 CURRENT -AD VALOREM TAXES <br />9230 4012 DELINQUENT -AD VALOREM TAXES <br />9230 4014 FISCAL DISPARITIES <br />9230 4273 OTHER STATE GRANTS & AIDS <br />9230 4609 OTHER MISCELLANEOUS REVENUES <br />9230 4701 INTEREST ON INVESTMENTS <br />9230 4901 TRANSFER IN FROM OTHER FUNDS <br />Total Revenue <br />63,927 <br />1,060 <br />11,146 <br />66,843 <br />348 <br />9,838 <br />72,192 <br />(989) <br />9,407 <br />78,150 <br />(593) <br />8,998 <br />10 198,638 275 30,000 <br />(3,673) (11,202) <br />72,470 264,465 <br />64,554 69,212 <br />145,440 185,766 <br />86,367 <br />86,367 <br />5,000 4,800 <br />91,367 <br />91,167 <br />Business <br />Unit <br />Object <br />Account <br />Description <br />2021 <br />Actual <br />2022 <br />Actual <br />2023 <br />Actual <br />2024 <br />Actual <br />2025 <br />Adopted <br />P <br />Budget <br />2026 <br />Adopted <br />P <br />Budget <br />9230 6102 F.T. REGULAR -WAGES & SALARIES <br />9230 6105 TEMPORARY -WAGES & SALARIES <br />9230 6121 PERA CONTRIBUTIONS <br />9230 6122 FICA/MEDICARE CONTRIBUTIONS <br />9230 6131 GROUP INSURANCE <br />9230 6133 WORKERS COMP INSURANCE PREMIUM <br />9230 6246 MARKETING <br />9230 6249 MISCELLANEOUS OPERATING SUPPLY <br />9230 6304 LEGAL FEES <br />9230 6315 MISCELLANEOUS PROFESSIONAL SER <br />9230 6322 POSTAGE <br />9230 6323 CELLULAR PHONES <br />560 <br />43 <br />660 <br />50 <br />435 <br />33 <br />350 <br />27 <br />1,000 <br />80 <br />1,000 <br />80 <br />2 4 2 5 <br />7,190 24,154 6,626 10,698 25,000 23,000 <br />2,364 8,769 12,007 11,770 19,000 21,000 <br />46,082 <br />43,193 <br />1,010 44,130 <br />36,200 36,000 <br />9230 6331 TRAVEL & LODGING 312 449 483 157 2,500 2,500 <br />9230 6335 TRAINING 575 660 1,125 385 5,100 5,100 <br />9230 6361 GENERAL LIABILITY/PROPERTY INS 3,242 624 313 268 287 287 <br />9230 6371 ELECTRIC UTILITIES <br />9230 6433 REFUNDS/REIMBURSEMENTS 250,000 <br />9230 6530 IMPROVEMENTS OTHER THAN BUILDINGS 15,151 <br />9230 6451 MEMBERSHIP DUES 1,121 1,798 1,593 2,366 2,200 2,200 <br />9230 6452 SUBSCRIPTIONS 5 17 <br />9230 6530 IMPROVEMENTS OTHER THAN BUILDINGS - 20,143 <br />9230 6580 OTHER EQUPMENT <br />Total Expenditure <br />326,645 <br />100,521 23,627 <br />DESCRIPTION OF SERVICES: <br />The primary objective of the Economic Development Authority is to aid, assist and promote the growth and expansion <br />of commercial, retail and industrial development in the City of Ramsey. <br />GOALS OF CURRENT YEAR BUDGET: <br />Enhance Business Retention and Expansion Program and EDA events <br />Increase number of jobs <br />Increase retail tax base <br />Reduce the amount of land owned by City for development <br />Facilitate development along Hwy 10 corridor <br />23,634 <br />93,789 91,367 91,167 <br />