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PEDC FY 2026-2027 Budget
9/14/2026 FINAL Approval by the PEDC 8/17/26 Submitted to Council 9/8/26 Final Actual Approved/Amended Actual to Date PROPOSED FY 2024-2025 FY 2025-2026 FY 2025-2026 FY 2026-2027 REVENUES ##80850 41200 00 Sales Tax 6,380,618$ 6,352,009$ 5,632,294$ 6,352,009$ ##80850 44000 00 Interest on Investments 730,616$ 400,000$ 569,829$ 400,000$ ##80850 0 00 Sale of Land -$ ##80850 0 00 Contribut/Donation Reven ##80850 46010 00 Other Revenue 3,577$ 1,271.42$ ##80850 00 00 Operating Transfer In ##80850 0 00 Gain/Loss on Sale - Auctio ##80850 48100 00 Lease Proceeds 3,000$ ##80850 48900 00 Gain/Loss-Sale of Fi (42,123)$ Total Revenues 7,075,688$ 6,752,009$ 6,203,395$ 6,752,009$ EXPENSES Personnel Services - Salary ##80850 51100 00 Salaries & Wages 353,149$ 295,553$ 88,827$ 435,553$ ##80850 0 00 Salaries - Overtime -$ ##80850 51260 0 Salaries - Vacation Buyout 2,438$ 1,625$ ##80850 51290 00 Salaries - Longevity Pay 1,090$ 900$ 545$ 900$ ##80850 51280 00 Salary Incentive -$ 50,000$ -$ 50,000$ ##80850 51300 00 Car Allowance 11,000$ 12,000$ 800$ 12,000$ ##80850 51300 00 Cell Phone Allowance 2,275$ 2,400$ 850$ 2,400$ ##80850 0 00 Temporary Salaries -$ Total Salary 367,514$ 363,291$ 92,647$ 500,853$ Personnel Services - Benefit ##80850 0 00 TML Prop. & Liab. Insuran -$ -$ -$ -$ ##80850 51400 00 Social Security Expense 17,280$ 16,420$ 5,335$ 23,532$ ##80850 51410 00 Medicare Expense 5,060$ 5,250$ 1,248$ 7,524$ ##80850 51500 00 Unemployment (SUTA)1,314$ 324$ (23)$ 465$ ##80850 51600 00 Health Insurance 28,691$ 23,718$ 14,661$ 33,991$ ##80850 51610 00 Dental Insurance 769$ 900$ 327$ 1,290$ ##80850 51620 0 HSA Expense -$ 1,500$ 1,500$ 2,150$ ##80850 51700 00 Life Insurance 248$ 288$ 81$ 410$ ##80850 51720 00 Long Term/Short Term Dis 413$ 560$ 80$ 802$ ##80850 51750 00 Liability (TML) Worker's Co 681$ 518$ 228$ 743$ ##80850 51800 00 TMRS-Expense 54,117$ 53,222$ 13,881$ 76,273$ ##80850 51900 00 WELLE-Wellness Prog Rei 783$ 1,200$ 644$ 1,720$ Total Benefits 109,356$ 103,900$ 37,962$ 148,900$ 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 2,263$ 5,000$ 1,292$ 5,000$ ##80850 52100 00 Building Supplies 76$ 1,000$ 20$ 1,000$ ##80850 52500 00 Contract Labor 63,300$ 75,000$ 51,500$ 75,000$ ##80850 52610 00 Promotional Expense 16,375$ 87,550$ 7,223$ 87,550$ ##80850 52620 00 Printing and Reproduction -$ 3,000$ -$ 3,000$ ##80850 52740 00 Copier Expense 2,006$ 5,000$ 1,632$ 5,000$ ##80850 52900 00 Dues & Subscriptions 23,442$ 30,000$ 5,838$ 30,000$ ##80850 52920 00 Travel/Train/Lodging/Mile 1,177$ 10,500$ 126$ 10,500$ ##80850 53400 00 Building Repairs -$ 10,000$ -$ 15,000$ ##80850 54100 00 Office Equip & Furniture -$ 9,570$ 64$ 15,000$ ##80850 54800 00 Rental/Office Lease 1$ 1$ 1$ 1$ ##80850 54910 00 IT Equipment Lease 430$ 429$ 430$ ##80850 55000 00 Electricity - Office 4,912$ 6,456$ 3,920$ 6,456$ ##80850 55030 00 Mobile Data Network 222$ -$ 20$ -$ ##80850 55040 00 Telephones-Cable -$ -$ -$ ##80850 56310 00 Water 1,002$ 2,000$ 555$ 2,000$ ##80850 56620 00 Postage & Freight 462$ 1,000$ 437$ 1,000$ ##80850 56640 0 IT Licenses 315$ ##80850 56700 00 Professional Services 208,905$ 100,000$ 97,684$ 120,000$ ##80850 56710 00 Audit Fees -$ 3,500$ 3,500$ ##80850 56720 00 Appraisal/Tax Fees -$ 5,000$ -$ 5,000$ ##80850 56725 Land Property Taxes 16,867$ 20,000$ 16,376$ 20,000$ ##80850 56740 00 Legal Fees 24,545$ 50,000$ 8,442$ 30,000$ ##80850 56800 00 Admin. Fees to Town 15,000$ 60,000$ 50,000$ 60,000$ ##80850 57000 00 Chapter 380 Program Gran 1,238,411$ 1,500,000$ 1,061,625$ 1,500,000$ ##80850 57550 00 Project Incentives 1,387,826$ 3,485,000$ 348,571$ 3,485,000$ ##80850 58130 00 Prospect Mtgs/Business M 8,261$ 10,000$ 1,608$ 10,000$ ##80850 58140 00 Sponsorships & Donations 17,257$ 25,000$ 14,000$ 25,000$ ##80850 58600 0 Special Events 3,532$ 25,000$ 17,541$ 25,000$ ##80850 61140 Land Acquisitions 2,869,491$ 5,000,000$ 1,125,807$ -$ ##80850 61190 Land Site Improvements 300,000$ 28,000$ 300,000$ ##80850 71000 0 Operating Transfer Out Total Expenses 5,905,334$ 10,830,007$ 2,842,710$ 5,840,752$ Total Operating Costs 6,382,205$ 11,297,198$ 2,973,319$ 6,490,505$ Net Income 693,483$ (4,545,189)$ 3,230,075$ 261,504$ Non-expense Capital Acquisition ##80850 61140 Land Acquisitions $5,000,000