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PEDC FY 2014 Budget
Prosper EDC FY 2014 Budget Approved by Prosper EDC Board on 8-21-13 REVENUES 80 41201 65 L 00 Sales Tax 80 4610 65 . 00 In[erestontrtv_estments 80 4910 65 00 Other Revenue Budget FY 2013 $ 466,667.00 $ 20,000.00 $ . _ Revised FY 2013 $ 466,667.00 $ 11,127.92 S - Proposed Difference FY 2014 FY13 vs. FY14 $ 675,000.00 $ 208,333.00 . $ 12,000.00 $ (8,000.00) S - S = Total Revenuesi 5 486,657.00 S 477.794.92 5 687.000.00 $ 200.333.00 EXPENSES . S 229,000.00 S - $ 260.00 $ 60,890.00 $ - $ 260.00 Personnel Services -,Sala j 80 5110: 651 00 Regular Salaries $ 168,110.00 : $ 223,110.00 80 0000 65 00 .Tempora Salaries $ - $ - 80. 5140 65 00 Longevity $ - $ 80' 5115 65 00 iOvertime $ - $ $ - $ - 80 5141; 65 00 Salary Reserve ! $ - $ 35,000+00 $ 1 $ Total Salary $ 168,110.00 $ 258,110.00 $ 229,260:00 $ 61,150 00 Personnel Services - Benefit 80 51451 65 00 FICA-Soc.Security 80 5180j 65 - 00 TMRS-Expense $ 8,600.00 $ 18,600.00 $ 5,420.72 $ 9.443.68 $ 14,570.00 $ . S 24,675.00 $ 5,970.00 6,075.00 60 5175 65 00 . Worker's Comp -Expense (TML) $ 765.00 $ 434.90 $ 500.00 $ (265.00) 80 5176 65 00 TML Prop. & Liab. Insurance ,000.0 S 10 $ 847.79 $ 1,000.00 $ - 80 5150 65 00 iFICA-Medicare $ 2.450.00 $ 1,267.74 $ 3,410.00 $ 960.00 80 5160 65 00 Health Insurance S 4,0S0.00 $ 2,613.01 $ 11.160.00 1 $ 6,510.00 30 5165 65 00 Dental Insurance $ 300.00 $ 161.25 = 900.00 $ 600.00 80 5185 65 00 Long -Term Disability 1 $ 360.00 $ 287.00 ; 564.00 $ 204.00 80. 5170 65 00 Life Insurance $ 100.00 $ 106.94 $ 25.00 $ (75.00) 801 5155 65 00 Unemployment (SUTA) $ 540.00 $ 432.72 $ 27.00 $ (513.00) B0 5189 65 00 Admin. Fees to Town $ 2,400.00 $ 1,400.00 $ 2,400.00 $ - 80 5191 65 80 0000 65 8010000 65 0 'Hiring Cost 00 Flex Fees 00 .Car Allowance $ S $ $ - $ 300.00 $ $ 6,000.00 $ 300.00 $ $ 6,000.00 Total Benefitsl S 39J65 00 1 $ 22.415.75 1 $ 65,531.00 $ 25,766.00 Operating. Land & Incentive Expenses 80, 5190: 65 00 Contract Labor S 10,000.00 $ 10,700.00 $ 4,500.00 $ (5,500.00 80 5210 65 1 00 Office Supplies IS 2,40&00 $ - $ 2,000.00 $ - 80 5212 65 00 Building Supplies i 500.00 $ $ 500.00 $ - 80 5220 65 00 Office Equip & Furniture i$ 4,000.00 ! $ 4,460.00 $ 3,500.00 $ 500.00) 80 5230 65 00 IDues & Subscriptions $ 2,500.00 i S 5,500.00 $ 4,700.00 $ 2,200.00 80 5240 65 00 (Postage & Freight $ 500.00 $ $ 2,000.00 $ 1,500.00 80'; 5265 65 00 Marketing Expenses $ 20.000.00 $ 40,000.00 $ 35,000.00 $ 15,000.00 80; 5280. 65 00 Printing and Reproduction $ $ 3,000.00 S 2,000.00 $ 2,000.00 801 5305' 65 00 Chapter 380 Program Grant $ 10,000.00 $ 7,000.00 $ - $ (10,000.00) 60 5310' 65 1 00 Rental/Office Lease I $ 27,500.00 $ 28,000.00 $ 30.009.00 : S 2,500.00 80. 5330 65 00 Copier Service $ 1,000.00 $ 3,500.00 $ 3,500.00 $ 2,500.00 80 5340 65 1 00 jBuilding Repairs $ 500.00 $ 200.00 $ 200.00 $ (300,00) 80 5410 65 00 jProfessional Services $ 25,000.00 $ 9,000.00 $ 10,p00.60 S (15,000-00) 80 5412 65 00 Audit Fees $ 1,500.00 $ - $ 1,500.00 $ _ 80 5418 65 . 00 IT Fees $ 4,000.00 $ - $ 4,500.00 $ 500.00 80 5430 65 00 Legal Fees $ 10,000.00 $ 30,000.00 $ 15,000.00 $ 5,000.00 80 5480i 65 00 Contracted (Janitorial) Service $ - $ 100.00 $ 1,300.00 1 $ 1,300.00 80` 5520 65 00 Telephones $ 4,800.00 $ $ 41500.00 $ (300.00) 80: 5521 j 65 . 00 Cell Phone Expense $ 900.00 $ - $ 3,200.00 $ 2,300.00 80' 5524 65 1 00 Water - Office $ - $ - $ 400.00 $ 400.00 80' 5525 65 00 Electricity & Gas - Office S 2,000.00 $ - $ 2,350.00 $ 350.00 80 55301 65 00 Travel 6 4,000.00 1 $ 9,000.00 : $ 10,000.00 $ 6,000.00 801 5533' 65 00 Mileage $ 2.000.00 I '$ § 2,300.00 $ 300.00 80 5536i 65 1 00 Training & Conferences $ 2,500.00 1 $ 5,500.00 $ 5,000.00 $ 2,500.00 80 6015! 65 00 Project Incentives $ 104,000.00 $ 500,000.00 $ 100,000.00 $ (4,000.00) 801 7143' 65 00 ITransfer to Internal Serv. Fd. $ 405.00 $ - $ - $ (405.00) 80 65 0 !Prospect Meetings (New line item in 2014) $ $ - $ 5,000.00 $ 5,000.00 Total Operating Costs $ 239.605.00 1 $ 655,960.00 S 252.950.00 $ 13,345.00 Fund Balance $ 2,397,447.$3 $ 2,300,000.00 $ 2,200,000.00 $ (197,447.83) Total Revenues $ 486,667,00 $ 625,000.00 $ 687,000.00 $ 200,333.00 Total Expenses (operations+incentives) $ 447,480.00 $ 936,465.75 S 547,741.00 $ 100,261.00 Balance $ 2,436,034.83 $ 1,988,514.25 $ 2,339,259.00 $ (97,375.83) I Prosper EDC FY 2014 Budget Approved by Prosper EDC Board on 8-21-13 Approved FT� FY 2014 REVENUES 80 41201 65 00 Sales Tax $ 675,000.00 80 4610 65 00 Interest on Investments $ 12,000.00 80 4910 65 00 Other Revenue $ - Total RevenuesT $ 687,000.00 EXPENSES Personnel Services - Sala 80 5110 65 00 Regular Salaries $ 229,000.00 80 0000 65 00 Temporary_ Salaries Longevity Overtime Salary Reserve $ - 80 5140 65 00 $ 260.00 80 5115 65 00 $ - 80 5141 65 00 $ - Total Salary $ 229,260.00 Personnel Services - Benefits 80 5145 65 00 1 FICA-Soc.Security $ 14,570.00 80 5180 65 00 TMRS-Expense $ 24,675.00 80 5175 65 00 Worker's Comp -Expense (TML) $ 500.00 80 51761 65 00 ITIVIL Prop. & Liab. Insurance $ 1,000.00 80 5150 65 00 FICA -Medicare $ 3,410.00 801 51601 65 00 Health Insurance $ 11,160.00 80 5165 65 00 Dental Insurance $ 900.00 80 5185 65 00 Long -Term Disability $ 564.00 80 5170 65 00 Life Insurance $ 25.00 80 5155 65 00 Unemployment (SUTA) $ 27.00 80 5189. 65 00 1 lAdmin. Fees to Town Hiring Cost Flex Fees Car Allowance $ 2,400.00 801 51911 65 0 $ 300.00 $ - $ 6,000.00 8010000 1 65 00 80 0000 1 65 00 Total Benefits $ 65,531.00 & Incentive Expenses 1 00 Contract Labor Operating, Land 801 51901 65 $ 4,500.00 $ 2,000.00 80 5210 65 00 Office Supplies 80 5212 65 00 Building Supplies $ 500.00 80 5220 65 00 Office Equip & Furniture $ 3,500.00 80 5230 65 00 Dues & Subscriptions $ 4,700.00 80 5240 65 00 Postage & Freight $ 2,000.00 80 52651 65 00 Marketing Expenses $ 35,000.00 80 5280 65 00 Printing and Reproduction $ 2,000.00 80 5305 65 00 Chapter 380 Program Grant $ - 80 5310 65 00 Rental/Office Lease 'Copier Service $ 30,000.00 80 5330 65 00 $ 3,500.00 80 5340. 65 00 Building Repairs $ 200.00 5410 65 00 Services $ 10,000.00 $ 1,500.00 A80 5412 65 00 _Professional Audit Fees 54181 5430 65 00 IT Fees $ 4,500.00 $ 15,000.00 80 65 00 Legal Fees 80 5480 65 00 -Contracted (Janitorial) Service $ 1,300.00 80 5520 65 801 5521 65 00 Telephones $ 4,500.00 00 Cell Phone Expense $ 3,200.00 801 55241 65 00 lWater - Office $ 400.00 80 5525 65 00 Electricity & Gas - Office $ 2,350.00 80 5530 65 ITravel $ 10,000.00 80 5533 65 00 1 jMileage $ 2,300.00 80 5536 65 00 Training & Conferences $ 5,000.00 80 6015 65 00 Project Incentives $ 100,000.00 80J 7143 65 00 Transfer to Internal Serv. Fd. $ - $ 5,000.00 8D 65 0 Prospect Meetings (New line item in 2014) Total Operating Costs $ 252,950.00 Fund Balance $ 2,200,000.00 $ 687,000.00 Total Revenues Total Expenses (operations+incentives) $ 547,741.00 Balance $ 2,339,259.00