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FUND ECONOMIC DEVELOPMENT AUTHORITY
<br />BUDGET SUMMARY:
<br />Business Object
<br />Unit Account
<br />Description
<br />2027
<br />2022 2023 2024 2025 2026 Requested
<br />Actual Actual Actual Actual Adopted Budget Budget
<br />9230 4011 CURRENT -AD VALOREM TAXES 66,843 72,192 78,150 76,791 86,367 86,367
<br />9230 4012 DELINQUENT -AD VALOREM TAXES 348 (989) (593) (358)
<br />9230 4D14 FISCAL DISPARITIES 9,838 9,407 8,998 8,077
<br />9230 4273 OTHER STATE GRANTS & AIDS
<br />9230 4609 OTHER MISCELLANEOUS REVENUES 198,638 275 30,000 82,776
<br />9230 4701 INTEREST ON INVESTMENTS (11,202) 64,554 69,212 67,885 4,800 4,800
<br />9230 4901 TRANSFER IN FROM OTHER FUNDS
<br />Total Revenue 264,465 145,440 185,766 235,171 91,167 91,167
<br />Business Object
<br />Unit Account
<br />Description
<br />2027
<br />2022 2023 2024 2025 2026 Requested
<br />Actual Actual Actual Actual Adopted Budget Budget
<br />9230 6102 F.T. REGULAR -WAGES & SALARIES
<br />9230 6105 TEMPORARY -WAGES & SALARIES 660 435 350 225 1,000 1,000
<br />9230 6121 PERA CONTRIBUTIONS
<br />9230 6122 FICA/MEDICARE CONTRIBUTIONS 50 33 27 17 80 80
<br />9230 6131 GROUP INSURANCE
<br />9230 6133 WORKERS COMP INSURANCE PREMIUM 4 2 5 2
<br />9230 6135 PAID FAMILY MEDICAL LEAVE
<br />9230 6246 MARKETING 24,154 6,626 10,698 17,587 23,000 23,000
<br />9230 6249 MISCELLANEOUS OPERATING SUPPLY 8,769 12,007 11,770 11,072 21,000 21,000
<br />9230 6304 LEGAL FEES
<br />9230 6315 MISCELLANEOUS PROFESSIONALSER 43,193 1,010 44,130 4,667 36,000 36,000
<br />9230 6322 POSTAGE
<br />9230 6323 CELLULAR PHONES
<br />9230 6331 TRAVEL & LODGING 449 483 157 707 2,500 2,500
<br />9230 6335 TRAINING 660 1,125 385 2,235 5,100 5,100
<br />9230 6361 GENERAL LIABILITY/PROPERTY INS 624 313 268 221 287 287
<br />9230 6371 ELECTRIC UTILITIES
<br />9230 6433 REFUNDS/REIMBURSEMENTS
<br />9230 6530 IMPROVEMENTS OTHER THAN BUILDINGS
<br />9230 6451 MEMBERSHIP DUES 1,798 1,593 2,366 3,504 2,200 2,200
<br />9230 6452 SUBSCRIPTIONS 17
<br />9230 6530 IMPROVEMENTS OTHER THAN BUILDINGS 20,143
<br />9230 6580 OTHER EQUPMENT 23,634
<br />Total Expenditure 100,521 23,627 93,789 40,237 91,167 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 of jobs
<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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