Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
PEDC FY 2025-2026 Budget
9/10/2025 Approved by the PEDC 8/25/25 Final Approved/Amended Actual to Date PROPOSED FY 2023-2024 FY 2024-2025 FY 2024-2025 FY 2025-2026 REVENUES ##80850 41200 00 Sales Tax 6,121,611$ 6,800,000$ 5,238,031$ 6,352,009$ ##80850 44000 00 Interest on Investments 400,000$ 400,000$ 604,912$ 400,000$ ##80850 0 00 Sale of Land -$ ##80850 0 00 Contribut/Donation Revenue ##80850 46010 00 Other Revenue 3,560.00$ ##80850 00 00 Operating Transfer In ##80850 0 00 Gain/Loss on Sale - Auction Revenue ##80850 48100 00 Lease Proceeds 3,000$ ##80850 48900 00 Gain/Loss-Sale of Fi (42,123)$ Total Revenues 6,521,611$ 7,200,000$ 5,807,380$ 6,752,009$ EXPENSES Personnel Services - Salary ##80850 51100 00 Salaries & Wages 276,462$ 284,756$ 276,069$ 295,553$ ##80850 0 00 Salaries - Overtime -$ ##80850 51290 00 Salaries - Longevity Pay 790$ 790$ 790$ 900$ ##80850 51280 00 Salary Incentive 50,000$ 50,000$ -$ 50,000$ ##80850 51300 00 Car Allowance 12,000$ 12,000$ 9,000$ 12,000$ ##80850 51300 00 Cell Phone Allowance 2,400$ 2,400$ 1,800$ 2,400$ ##80850 0 00 Temporary Salaries -$ Total Salary 341,652$ 349,946$ 287,659$ 360,853$ Personnel Services - Benefit ##80850 0 00 TML Prop. & Liab. Insurance -$ -$ -$ -$ ##80850 51400 00 Social Security Expense 13,977$ 13,977$ 12,549$ 16,420$ ##80850 51410 00 Medicare Expense 4,229$ 4,229$ 3,953$ 5,250$ ##80850 51500 00 Unemployment (SUTA)324$ 324$ 269$ 324$ ##80850 51600 00 Health Insurance 20,880$ 20,880$ 23,621$ 23,718$ ##80850 51610 00 Dental Insurance 816$ 816$ 617$ 900$ ##80850 51620 0 HSA Expense 2,400$ 2,400$ -$ 1,500$ ##80850 51700 00 Life Insurance 208$ 208$ 211$ 288$ ##80850 51720 00 Long Term/Short Term Disability 526$ 526$ 413$ 560$ ##80850 51750 00 Liability (TML) Worker's Comp 496$ 496$ 352$ 518$ ##80850 51800 00 TMRS-Expense 41,677$ 41,677$ 42,172$ 53,222$ ##80850 51900 00 WELLE-Wellness Prog Reimb-Empl600$ 600$ 582$ 1,200$ Total Benefits 86,133$ 86,133$ 84,738$ 103,900$ Operating, Land & Incentive Expenses ##80850 0 00 Hiring Cost -$ -$ -$ -$ ##80850 0 00 IT Fees -$ -$ -$ -$ ##80850 0 00 Contracted Services -$ -$ -$ -$ ##80850 0 0 Liability Insurance -$ -$ -$ -$ ##80850 0 00 Cell Phone Expense -$ -$ -$ -$ ##80850 0 00 Gas - Office -$ -$ -$ -$ ##80850 52000 00 Office Supplies 5,000$ 5,000$ 1,908$ 5,000$ ##80850 52100 00 Building Supplies 1,000$ 1,000$ 76$ 1,000$ ##80850 52500 00 Contract Labor 75,000$ 75,000$ 50,000$ 75,000$ ##80850 52610 00 Promotional Expense 87,550$ 87,550$ 14,398$ 87,550$ ##80850 52620 00 Printing and Reproduction 2,575$ 3,000$ -$ 3,000$ ##80850 52740 00 Copier Expense 5,000$ 5,000$ 1,620$ 5,000$ ##80850 52900 00 Dues & Subscriptions 20,000$ 30,000$ 19,333$ 30,000$ ##80850 52920 00 Travel/Train/Lodging/Mile 5,000$ 5,000$ 1,074$ 10,500$ ##80850 53400 00 Building Repairs 10,000$ 10,000$ -$ 10,000$ ##80850 54100 00 Office Equip & Furniture 10,000$ 10,000$ -$ 10,000$ ##80850 54800 00 Rental/Office Lease 1$ 1$ 1$ 1$ ##80850 54910 00 IT Equipment Lease 430$ ##80850 55000 00 Electricity - Office 6,000$ 6,000$ 3,816$ 6,456$ ##80850 55030 00 Mobile Data Network 1,000$ 1,000$ 182$ -$ ##80850 55040 00 Telephones-Cable -$ -$ -$ ##80850 56310 00 Water 2,000$ 2,000$ 890$ 2,000$ ##80850 56620 00 Postage & Freight 1,030$ 1,000$ 462$ 1,000$ ##80850 56700 00 Professional Services 100,000$ 100,000$ 130,869$ 100,000$ ##80850 56710 00 Audit Fees 3,500$ 3,500$ 3,500$ ##80850 56720 00 Appraisal/Tax Fees 5,000$ 5,000$ -$ 5,000$ ##80850 56725 Land Property Taxes 18,026$ 20,000$ ##80850 56740 00 Legal Fees 50,000$ 50,000$ 19,830$ 50,000$ ##80850 56800 00 Admin. Fees to Town 15,500$ 15,500$ 12,500$ 15,500$ ##80850 57000 00 Chapter 380 Program Grant 1,500,000$ 1,500,000$ 991,199$ 1,500,000$ ##80850 57550 00 Project Incentives 2,000,000$ 3,000,000$ 1,387,826$ 3,485,000$ ##80850 58130 00 Prospect Mtgs/Business Meals 10,000$ 10,000$ 7,709$ 10,000$ ##80850 58140 00 Sponsorships & Donations 25,000$ 25,000$ 11,257$ 25,000$ ##80850 58600 0 Special Events 25,000$ 25,000$ 3,532$ 25,000$ ##80850 61140 Land Acquisitions 2,900,000$ 2,352,746$ ##80850 61190 Land Site Improvements 300,000$ ##80850 71000 0 Operating Transfer Out Total Expenses 3,940,156$ 7,875,551$ 5,029,255$ 5,785,937$ Total Operating Costs 4,367,941$ 8,311,630$ 5,401,653$ 6,250,690$ Net Income 2,153,670$ (1,111,630)$ 405,727$ 501,319$