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FUND ECONOMIC DEVELOPMENT AUTHORITY
<br />BUDGET SUMMARY:
<br />Business
<br />Unit
<br />Object
<br />Account
<br />Description
<br />2022
<br />Actual
<br />2023
<br />Actual
<br />2024
<br />Actual
<br />2025
<br />Actual
<br />2026
<br />Adopted Budget
<br />2027
<br />Requested
<br />Budget
<br />9230
<br />4011
<br />CURRENT -AD VALOREM TAXES
<br />66,843
<br />72,192
<br />78,150
<br />76,791
<br />86,367
<br />86,367
<br />9230
<br />4012
<br />DELINQUENT -AD VALOREM TAXES
<br />348
<br />(989)
<br />(593)
<br />(358)
<br />9230
<br />4D14
<br />FISCAL DISPARITIES
<br />9,838
<br />9,407
<br />8,998
<br />8,077
<br />9230
<br />4273
<br />OTHER STATE GRANTS & AIDS
<br />9230
<br />4609
<br />OTHER MISCELLANEOUS REVENUES
<br />198,638
<br />275
<br />30,000
<br />82,776
<br />9230
<br />4701
<br />INTEREST ON INVESTMENTS
<br />(11,202)
<br />64,554
<br />69,212
<br />67,885
<br />4,800
<br />4,8D0
<br />9230
<br />4901
<br />TRANSFER IN FROM OTHER FUNDS
<br />Total Revenue
<br />264,465
<br />145,440
<br />185,766
<br />235,171
<br />91,167
<br />91,167
<br />Business
<br />Unit
<br />Object
<br />Account
<br />Description
<br />2022
<br />Actual
<br />2023
<br />Actual
<br />2024
<br />Actual
<br />2025
<br />Actual
<br />2026
<br />Adopted Budget
<br />2027
<br />Re
<br />Requested
<br />q
<br />Budget
<br />9230
<br />6102
<br />F.T. REGULAR -WAGES & SALARIES
<br />9230
<br />6105
<br />TEMPORARY -WAGES & SALARIES
<br />660
<br />435
<br />350
<br />225
<br />1,000
<br />1,000
<br />9230
<br />16121
<br />PERA CONTRIBUTIONS
<br />9230
<br />6122
<br />FICA/MEDICARE CONTRIBUTIONS
<br />50
<br />33
<br />27
<br />17
<br />80
<br />80
<br />9230
<br />6131
<br />GROUP INSURANCE
<br />9230
<br />6133
<br />WORKERS COMP INSURANCE PREMIUM
<br />4
<br />2
<br />5
<br />2
<br />9230
<br />6135
<br />PAID FAMILY MEDICAL LEAVE
<br />9230
<br />6246
<br />MARKETING
<br />24,154
<br />6,626
<br />10,698
<br />17,587
<br />23,000
<br />23,000
<br />9230
<br />6249
<br />MISCELLANEOUS OPERATING SUPPLY
<br />8,769
<br />12,007
<br />11,770
<br />11,072
<br />21,000
<br />21,000
<br />9230
<br />6304
<br />LEGAL FEES
<br />9230
<br />6315
<br />MISCELLANEOUS PROFESSIONAL SER
<br />43,193
<br />1,010
<br />44,130
<br />4,667
<br />36,000
<br />36,000
<br />9230
<br />6322
<br />POSTAGE
<br />9230
<br />6323
<br />CELLULAR PHONES
<br />9230
<br />6331
<br />TRAVEL & LODGING
<br />449
<br />483
<br />157
<br />707
<br />2,500
<br />2,500
<br />9230
<br />6335
<br />TRAINING
<br />660
<br />1,125
<br />385
<br />2,235
<br />5,100
<br />5,100
<br />9230
<br />6361
<br />GENERAL LIABILITY/PROPERTY INS
<br />624
<br />313
<br />268
<br />221
<br />287
<br />287
<br />9230
<br />6371
<br />ELECTRIC UTILITIES
<br />9230
<br />6433
<br />REFUNDS/REIMBURSEMENTS
<br />9230
<br />6530
<br />IMPROVEMENTS OTHER THAN BUILDINGS
<br />9230
<br />6451
<br />MEMBERSHIP DUES
<br />1,798
<br />1,593
<br />2,366
<br />3,504
<br />2,200
<br />2,200
<br />9230
<br />16452
<br />ISUBSCRIPTIONS
<br />17
<br />-
<br />9230
<br />16530
<br />1 IMPROVEMENTS OTHER THAN BUILDINGS
<br />20,143
<br />-
<br />9230
<br />16580
<br />1 OTHER EQUIPMENT
<br />1 23,634
<br />Total Expenditure
<br />100,521
<br />23,627
<br />1 93,789
<br />1 40,237
<br />1 91,167
<br />1 91,167
<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 and EDA events
<br />• Increase number ofjobs
<br />• Increase retail tax base
<br />• Reduce the amount of land owned by City for development
<br />• Facilitate development/redevelopment along Hwy 10 corridor
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