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PEDC FY 2016-2017 Budget
PROSPER ECONOMIC DEVELOPMENT CORPORATION FY 2016 - 2017 Annual Budget Approved by the PEDC Board August 17, 2016 Approved Requested FY 2015-16 FY 2016-2017 REVENUES 800 4120 65 00 Sales Tax 1,100,000$ 1,400,000$ 800 4610 65 00 Interest on Investments 19,000$ 21,000.00$ 800 4910 65 00 Other Revenue -$ Total Revenues 1,119,000$ 1,421,000$ EXPENSES Personnel Services - Salary 800 5110 65 00 Salaries & Wages 234,700$ 240,000$ 800 5115 65 00 Salaries - Overtime 500$ 500$ 800 5140 65 00 Salaries - Longevity Pay 270$ 645$ 800 5141 65 00 Salary Reserve -$ -$ 800 5142 65 00 Car Allowance 6,000$ 6,000$ 800 5143 65 00 Cell Phone Allowance 3,490$ 3,300$ 800 0000 65 00 Temporary Salaries -$ Total Salary 244,960$ 250,445$ Personnel Services - Benefit 800 5145 65 00 Social Security Expense 15,495$ 15,500$ 800 5150 65 00 Medicare Expense 3,625$ 3,600$ 800 5155 65 00 Unemployment (SUTA)27$ 650$ 800 5160 65 00 Health Insurance 22,030$ 20,000$ 800 5165 65 00 Dental Insurance 1,060$ 1,300$ 800 5170 65 00 Life Insurance 303$ 500$ 800 5175 65 00 Liability (TML) Worker's Comp 720$ 550$ 800 5176 65 00 TML Prop. & Liab. Insurance 900$ 800 5180 65 00 TMRS-Expense 32,490$ 31,000$ 800 5185 65 00 Long Term/Short Term Disability 550$ 500$ 800 5186 65 00 WELLE-Wellness Prog Reimb-Empl 3,000$ 1,800$ Total Benefits 80,200$ 75,400$ Operating, Land & Incentive Expenses 800 5189 65 00 Admin. Fees to Town 7,500$ 15,000.00$ 800 5190 65 00 Contract Labor -$ -$ 800 5191 65 00 Hiring Cost -$ -$ 800 5210 65 00 Office Supplies 2,800$ 2,500.00$ 800 5212 65 00 Building Supplies 500$ 500.00$ 800 5220 65 00 Office Equip & Furniture 1,000$ 2,500.00$ 800 5230 65 00 Dues & Subscriptions 7,200$ 7,200.00$ 800 5240 65 00 Postage & Freight 1,000$ 1,000.00$ 800 5265 65 00 Promotional Expense 38,520$ 45,000.00$ 800 5280 65 00 Printing and Reproduction 2,000$ 2,500.00$ 800 5305 65 00 Chapter 380 Program Grant -$ -$ 800 5310 65 00 Rental/Office Lease 41,000$ 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 20,000$ 70,000.00$ 800 5412 65 00 Audit Fees 1,500$ 1,750.00$ 800 5418 65 00 IT Fees 5,000$ -$ 800 5430 65 00 Legal Fees 15,000$ 15,000.00$ 800 5480 65 00 Contracted Services -$ -$ 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 10,000$ 15,000.00$ 800 5531 65 00 Prospect Mtgs/Business Meals 5,500$ 2,000.00$ 800 5533 65 00 Mileage Expense 2,500$ 1,500.00$ 800 5536 65 00 Training/Seminars 5,500$ 7,500.00$ 800 6015 65 00 Project Incentives 550,000$ -$ Total Expenses 729,720$ 249,650$ Total Operating Costs 1,054,880$ 575,495$ Net Income 64,120$ 845,505$