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PEDC FY 2017-2018 Budget
PROSPER ECONOMIC DEVELOPMENT CORPORATION FY 2017 - 2018 Annual Budget Approved/Amended Requested FY 2016-2017 FY 2017-18 REVENUES 800 4120 65 00 Sales Tax 1,400,000$ 2,047,473$ 800 4610 65 00 Interest on Investments 21,000$ 36,000.00$ 800 4910 65 00 Other Revenue -$ -$ Total Revenues 1,421,000$ 2,083,473$ EXPENSES Personnel Services - Salary 800 5110 65 00 Salaries & Wages 199,100$ 374,333$ 800 5115 65 00 Salaries - Overtime 500$ -$ 800 5140 65 00 Salaries - Longevity Pay 645$ 85$ 800 5141 65 00 Salary Reserve / Objective Bonus -$ 20,000$ 800 5142 65 00 Car Allowance 6,000$ 14,400$ 800 5143 65 00 Cell Phone Allowance 3,300$ 2,580$ 800 0000 65 00 Temporary Salaries -$ -$ Total Salary 209,545$ 411,398$ Personnel Services - Benefit 800 5145 65 00 Social Security Expense 15,500$ 24,044$ 800 5150 65 00 Medicare Expense 3,600$ 5,624$ 800 5155 65 00 Unemployment (SUTA)650$ 513$ 800 5160 65 00 Health Insurance 20,000$ 25,107$ 800 5165 65 00 Dental Insurance 1,300$ 1,382$ 800 5170 65 00 Life Insurance 500$ 517$ 800 5175 65 00 Liability (TML) Worker's Comp 550$ 388$ 800 5176 65 00 TML Prop. & Liab. Insurance -$ -$ 800 5180 65 00 TMRS-Expense 31,000$ 54,137$ 800 5185 65 00 Long Term/Short Term Disability 500$ 712$ 800 5186 65 00 WELLE-Wellness Prog Reimb-Empl 1,800$ 600$ Total Benefits 75,400$ 113,024$ Operating, Land & Incentive Expenses 800 5189 65 00 Admin. Fees to Town 15,000$ 15,000.00$ 800 5190 65 00 Contract Labor -$ 800 5191 65 00 Hiring Cost -$ 800 5210 65 00 Office Supplies 2,500$ 2,500.00$ 800 5212 65 00 Building Supplies 500$ 500.00$ 800 5220 65 00 Office Equip & Furniture 12,500$ 25,000.00$ 800 5230 65 00 Dues & Subscriptions 27,200$ 30,000.00$ 800 5240 65 00 Postage & Freight 1,000$ 1,000.00$ 800 5265 65 00 Promotional Expense 45,000$ 75,000.00$ 800 5280 65 00 Printing and Reproduction 5,400$ 15,000.00$ 800 5305 65 00 Chapter 380 Program Grant -$ 81,177.00$ 800 5310 65 00 Rental/Office Lease 47,500$ 47,500.00$ 800 5330 65 00 Copier Service 5,500$ 5,500.00$ 800 5340 65 00 Building Repairs 500$ 500.00$ 800 5410 65 00 Professional Services 78,000$ 70,000.00$ 800 5412 65 00 Audit Fees 1,750$ 1,750.00$ 800 5418 65 00 IT Fees -$ 800 5430 65 00 Legal Fees 15,000$ 15,000.00$ 800 5480 65 00 Contracted Services -$ 12,500.00$ 800 5520 65 00 Telephones-Internet-Data 4,200$ 4,200.00$ 800 5521 65 00 Cell Phone Expense -$ 800 5524 65 00 Gas - Office 400$ 400.00$ 800 5525 65 00 Electricity - Office 2,100$ 2,100.00$ 800 5526 65 00 Water 500$ 500.00$ 800 5530 65 00 Travel/Lodging/Meals Expense 15,000$ 20,000.00$ 800 5531 65 00 Prospect Mtgs/Business Meals 2,000$ 6,000.00$ 800 5533 65 00 Mileage Expense 1,500$ 500.00$ 800 5536 65 00 Training/Seminars 7,500$ 15,000.00$ 800 6015 65 00 Project Incentives -$ Total Expenses 290,550$ 446,627$ Total Operating Costs 575,495$ 971,049$ Net Income 845,505$ 1,112,424$