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PEDC FY 2023-2024 Budget
9/13/2023 Final Approved/Amended Actual to Date PROPOSED FY 2021-2022 FY 2022-2023 FY 2022-2023 FY 2023-2024 REVENUES 800 4120 65 00 Sales Tax 5,166,371$ 5,561,403$ 4,427,236$ 6,121,611$ 800 4610 65 00 Interest on Investments 89,799$ 72,000$ 412,617$ 400,000$ 500 0000 65 00 Sale of Land -$ 500 0000 65 00 Contributions/Donations R 800 4910 65 00 Other Revenue 336,624$ 0.01$ 500 0000 00 00 Operating Transfer In 500 0000 30 00 Gain/Loss on Sale - Auctio 800 4920 65 00 Lease Proceeds 13,351$ 800 4990 65 00 Gain/Loss-Sale of Fi 187,299$ Total Revenues 5,793,444$ 5,633,403$ 4,839,853$ 6,521,611$ EXPENSES Personnel Services - Salary 800 5110 65 00 Salaries & Wages 268,177$ 331,869$ 215,293$ 276,462$ 800 5115 65 00 Salaries - Overtime -$ 800 5140 65 00 Salaries - Longevity Pay 430$ 670$ 550$ 790$ 800 5141 65 00 Salary Incentive 57,861$ 50,000$ 54,682$ 50,000$ 800 5142 65 00 Car Allowance 13,000$ 12,000$ 10,000$ 12,000$ 800 5143 65 00 Cell Phone Allowance 1,925$ 2,400$ 2,000$ 2,400$ 800 0000 65 00 Temporary Salaries -$ Total Salary 341,393$ 396,939$ 282,526$ 341,652$ Personnel Services - Benefit 800 5145 65 00 Social Security Expense 14,562$ 18,052$ 11,247$ 13,977$ 800 5150 65 00 Medicare Expense 4,646$ 5,018$ 3,883$ 4,229$ 800 5155 65 00 Unemployment (SUTA)18$ 486$ 18$ 324$ 800 5160 65 00 Health Insurance 24,579$ 30,744$ 19,045$ 20,880$ 800 5162 65 0 HSA Expense 3,000$ 4,200$ 3,000$ 2,400$ 800 5165 65 00 Dental Insurance 859$ 1,368$ 613$ 816$ 800 5170 65 00 Life Insurance 282$ 338$ 210$ 208$ 800 5175 65 00 Liability (TML) Worker's Com 650$ 796$ 588$ 496$ 800 5176 65 00 TML Prop. & Liab. Insurance -$ -$ -$ -$ 800 5180 65 00 TMRS-Expense 47,410$ 48,861$ 39,851$ 41,677$ 800 5185 65 00 Long Term/Short Term Disab 509$ 631$ 409$ 526$ 800 5186 65 00 WELLE-Wellness Prog Reim 768$ 1,200$ 618$ 600$ p $ $ $ $ Total Benefits 97,282$ 111,694$ 79,482$ 86,133$ Operating, Land & Incentive Expenses 800 5189 65 00 Admin. Fees to Town 15,000$ 15,500$ 12,500$ 15,500$ 800 5190 65 00 Contract Labor 48,000$ 75,000$ 43,000$ 75,000$ 800 5191 65 00 Hiring Cost -$ -$ -$ -$ 800 5210 65 00 Office Supplies 2,187$ 5,000$ 1,462$ 5,000$ 800 5212 65 00 Building Supplies 1,000$ -$ 1,000$ 800 5220 65 00 Office Equip & Furniture 9,925$ 10,000$ 2,107$ 10,000$ 800 5230 65 00 Dues & Subscriptions 23,350$ 20,000$ 18,472$ 20,000$ 800 5240 65 00 Postage & Freight 461$ 1,030$ 425$ 1,030$ 800 5265 65 00 Promotional Expense 14,476$ 87,550$ 23,475$ 87,550$ 800 5268 65 00 Sponsorships & Donations 10,000$ 25,000$ 2,800$ 25,000$ 800 5280 65 00 Printing and Reproduction 2,575$ -$ 2,575$ 800 5305 65 00 Chapter 380 Program Grant 864,662$ 1,500,000$ 690,289$ 1,500,000$ 800 5310 65 00 Rental/Office Lease 1$ 1$ 1$ 1$ 800 5330 65 00 Copier Expense 2,368$ 5,000$ 1,790$ 5,000$ 800 5340 65 00 Building Repairs 10,000$ 1,095$ 10,000$ 800 5410 65 00 Professional Services 36,256$ 100,000$ 31,439$ 100,000$ 800 5412 65 00 Audit Fees 2,375$ 3,500$ 3,500$ 800 5414 65 00 Appraisal/Tax Fees 4,442$ 5,000$ -$ 5,000$ 800 5418 65 00 IT Fees -$ -$ -$ -$ 800 5430 65 00 Legal Fees 13,713$ 25,000$ 15,543$ 50,000$ 800 5480 65 00 Contracted Services -$ -$ -$ -$ 800 5510 65 0 Liability Insurance -$ -$ -$ -$ 800 5520 65 00 Telephones-Cable -$ -$ -$ 800 5521 65 00 Cell Phone Expense -$ -$ -$ -$ 800 5523 65 00 Water 605$ 700$ 494$ 2,000$ 800 5524 65 00 Gas - Office -$ -$ -$ -$ 800 5525 65 00 Electricity - Office 3,631$ 4,000$ 2,730$ 6,000$ 800 5526 65 00 Mobile Data Network 912$ 1,000$ 760$ 1,000$ 800 5530 65 00 Travel/Lodging/Meals Expen 321$ 5,000$ -$ 5,000$ 800 5531 65 00 Prospect Mtgs/Business Mea 8,102$ 10,000$ 7,171$ 10,000$ 800 5533 65 00 Mileage Expense 269$ 500$ 171$ 500$ 800 5536 65 00 Training/Seminars 1,548$ 5,000$ 900$ 5,000$ 800 5600 65 0 Special Events 20,634$ 25,000$ -$ 25,000$ 800 6015 65 00 Project Incentives 525,982$ 2,000,000$ 604,655$ 2,000,000$ 800 7100 65 0 Operating Transfer Out Total Expenses 1,609,219$ 3,942,356$ 1,461,280$ 3,970,656$ Total Operating Costs 2,047,894$ 4,450,989$ 1,823,287$ 4,398,441$ Net Income 3,745,550$ 1,182,414$ 3,016,566$ 2,123,170$