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PEDC FY 2024-2025 Budget
8/6/2024 Final Approved/Amended Actual to Date PROPOSED FY 2022-2023 FY 2023-2024 FY 2023-2024 FY 2024-2025 REVENUES 800 4120 65 00 Sales Tax 4,771,035$ 6,121,611$ 4,562,501$ 6,800,000$ 800 4610 65 00 Interest on Investments 599,040$ 400,000$ 624,855$ 400,000$ 500 0000 65 00 Sale of Land -$ 500 0000 65 00 Contributions/Donations Revenue 800 4910 65 00 Other Revenue 28$ 500 0000 00 00 Operating Transfer In 500 0000 30 00 Gain/Loss on Sale - Auction Revenue 800 4920 65 00 Lease Proceeds 2,000$ 18,000$ 800 4990 65 00 Gain/Loss-Sale of Fi Total Revenues 5,372,102$ 6,521,611$ 5,205,356$ 7,200,000$ EXPENSES Personnel Services - Salary 800 5110 65 00 Salaries & Wages 266,908$ 276,462$ 202,248$ 284,756$ 800 5115 65 00 Salaries - Overtime -$ 800 5140 65 00 Salaries - Longevity Pay 550$ 790$ 670$ 790$ 800 5141 65 00 Salary Incentive 54,682$ 50,000$ 53,550$ 50,000$ 800 5142 65 00 Car Allowance 12,000$ 12,000$ 8,000$ 12,000$ 800 5143 65 00 Cell Phone Allowance 2,400$ 2,400$ 1,600$ 2,400$ 800 0000 65 00 Temporary Salaries -$ Total Salary 336,540$ 341,652$ 266,068$ 349,946$ Personnel Services - Benefit 800 5145 65 00 Social Security Expense 14,366$ 13,977$ 10,841$ 13,977$ 800 5150 65 00 Medicare Expense 4,613$ 4,229$ 3,637$ 4,229$ 800 5155 65 00 Unemployment (SUTA)18$ 324$ 234$ 324$ 800 5160 65 00 Health Insurance 24,082$ 20,880$ 17,745$ 20,880$ 800 5162 65 0 HSA Expense 3,000$ 2,400$ 3,000$ 2,400$ 800 5165 65 00 Dental Insurance 770$ 816$ 536$ 816$ 800 5170 65 00 Life Insurance 266$ 208$ 188$ 208$ 800 5175 65 00 Liability (TML) Worker's Comp 679$ 496$ 316$ 496$ 800 5176 65 00 TML Prop. & Liab. Insurance -$ -$ -$ -$ 800 5180 65 00 TMRS-Expense 52,909$ 41,677$ 37,384$ 41,677$ 800 5185 65 00 Long Term/Short Term Disability 518$ 526$ 380$ 526$ 800 5186 65 00 WELLE-Wellness Prog Reimb-Empl 780$ 600$ 553$ 600$ 500 0000 20 83 Relocation Expenses -$ -$ -$ -$ Total Benefits 102,001$ 86,133$ 74,813$ 86,133$ Operating, Land & Incentive Expenses 800 5189 65 00 Admin. Fees to Town 15,000$ 15,500$ 11,250$ 15,500$ 800 5190 65 00 Contract Labor 53,000$ 75,000$ 40,000$ 75,000$ 800 5191 65 00 Hiring Cost -$ -$ -$ -$ 800 5210 65 00 Office Supplies 2,227$ 5,000$ 1,535$ 5,000$ 800 5212 65 00 Building Supplies 55$ 1,000$ -$ 1,000$ 800 5220 65 00 Office Equip & Furniture 9,752$ 10,000$ -$ 10,000$ 800 5230 65 00 Dues & Subscriptions 26,335$ 20,000$ 19,431$ 30,000$ 800 5240 65 00 Postage & Freight 425$ 1,030$ 72$ 1,000$ 800 5265 65 00 Promotional Expense 27,985$ 87,550$ 7,496$ 87,550$ 800 5268 65 00 Sponsorships & Donations 2,800$ 25,000$ 23,000$ 25,000$ 800 5280 65 00 Printing and Reproduction 2,575$ -$ 3,000$ 800 5305 65 00 Chapter 380 Program Grant 179,853$ 1,500,000$ 990,194$ 1,500,000$ 800 5310 65 00 Rental/Office Lease 1$ 1$ 1$ 1$ 800 5330 65 00 Copier Expense 2,142$ 5,000$ 1,615$ 5,000$ 800 5340 65 00 Building Repairs 1,095$ 10,000$ -$ 10,000$ 800 5410 65 00 Professional Services 65,512$ 100,000$ 86,313$ 100,000$ 800 5412 65 00 Audit Fees -$ 3,500$ 3,500$ 800 5414 65 00 Appraisal/Tax Fees -$ 5,000$ 8,484$ 5,000$ 800 5418 65 00 IT Fees -$ -$ -$ -$ 800 5430 65 00 Legal Fees 18,631$ 50,000$ 6,076$ 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 594$ 2,000$ 1,669$ 2,000$ 800 5524 65 00 Gas - Office -$ -$ -$ -$ 800 5525 65 00 Electricity - Office 4,202$ 6,000$ 4,744$ 6,000$ 800 5526 65 00 Mobile Data Network 912$ 1,000$ 608$ 1,000$ 800 5530 65 00 Travel/Lodging/Meals Expense -$ 5,000$ 803$ 5,000$ 800 5531 65 00 Prospect Mtgs/Business Meals 9,613$ 10,000$ 5,501$ 10,000$ 800 5533 65 00 Mileage Expense 247$ 500$ 189$ 500$ 800 5536 65 00 Training/Seminars 2,363$ 5,000$ 1,375$ 5,000$ 800 5600 65 0 Special Events 4,936$ 25,000$ -$ 25,000$ 800 6015 65 00 Project Incentives 1,981,992$ 2,000,000$ 2,985,780$ 3,000,000$ 800 7100 65 0 Operating Transfer Out Total Expenses 2,409,674$ 3,970,656$ 4,196,135$ 4,981,051$ Total Operating Costs 2,848,215$ 4,398,441$ 4,537,016$ 5,417,130$ Net Income 2,523,888$ 2,123,170$ 668,340$ 1,782,870$