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PEDC FY 2022-2023 Budget
9/14/2022 Final Approved/Amended Actual to Date PROPOSED FY 2020-2021 FY 2021-2022 FY 2021-2022 FY 2022-2023 REVENUES ##4120 65 00 Sales Tax 3,129,614$ 4,205,836$ 4,753,738$ 5,561,403$ ##4610 65 00 Interest on Investments 39,000$ 30,000$ 53,646$ 72,000$ ##0000 65 00 Contributions/Donations Revenue ##4910 65 00 Other Revenue 22,500$ ##4920 65 00 Lease Proceeds 13,291$ ##4990 65 00 Gain/Loss-Sale of Fi 187,299$ Total Revenues 3,191,114$ 4,235,836$ 5,007,974$ 5,633,403$ EXPENSES Personnel Services - Salary ##5110 65 00 Salaries & Wages 349,850$ 324,449$ 238,198$ 331,869$ ##5115 65 00 Salaries - Overtime -$ ##5140 65 00 Salaries - Longevity Pay 500$ 490$ 430$ 670$ ##5141 65 00 Salary Incentive 40,000$ 57,862$ 57,861$ 50,000$ ##5142 65 00 Car Allowance 15,600$ 12,000$ 11,000$ 12,000$ ##5143 65 00 Cell Phone Allowance 2,880$ 1,500$ 1,525$ 2,400$ ##0000 65 00 Temporary Salaries -$ Total Salary 408,830$ 396,301$ 309,014$ 396,939$ Personnel Services - Benefit ##5145 65 00 Social Security Expense 22,868$ 17,817$ 12,702$ 18,052$ ##5150 65 00 Medicare Expense 5,349$ 4,908$ 4,211$ 5,018$ ##5155 65 00 Unemployment (SUTA)486$ 486$ 18$ 486$ ##5160 65 00 Health Insurance 19,296$ 30,744$ 21,615$ 30,744$ ##5162 65 0 HSA Expense 3,000$ 4,200$ ##5165 65 00 Dental Insurance 872$ 1,296$ 755$ 1,368$ ##5170 65 00 Life Insurance 338$ 338$ 249$ 338$ ##5175 65 00 Liability (TML) Worker's Comp 996$ 779$ 576$ 796$ ##5176 65 00 TML Prop. & Liab. Insurance -$ -$ -$ -$ ##5180 65 00 TMRS-Expense 50,678$ 48,228$ 42,839$ 48,861$ ##5185 65 00 Long Term/Short Term Disability 665$ 617$ 447$ 631$ ##5186 65 00 WELLE-Wellness Prog Reimb-Empl 600$ 1,200$ 670$ 1,200$ ##0000 20 83 Relocation Expenses -$ -$ -$ -$ Total Benefits 102,148$ 106,413$ 87,081$ 111,694$ Operating, Land & Incentive Expenses ##5189 65 00 Admin. Fees to Town 15,000$ 15,500$ 13,750$ 15,500$ ##5190 65 00 Contract Labor 10,000$ 75,000$ 40,000$ 75,000$ ##5191 65 00 Hiring Cost -$ -$ -$ -$ ##5210 65 00 Office Supplies 2,500$ 5,000$ 1,814$ 5,000$ ##5212 65 00 Building Supplies 800$ 1,000$ -$ 1,000$ ##5220 65 00 Office Equip & Furniture 8,000$ 10,000$ 9,925$ 10,000$ ##5230 65 00 Dues & Subscriptions 20,000$ 20,000$ 19,511$ 20,000$ ##5240 65 00 Postage & Freight 1,000$ 1,000$ 461$ 1,030$ ##5265 65 00 Promotional Expense 45,000$ 62,696$ 14,386$ 87,550$ ##5268 65 00 Sponsorships & Donations 2,500$ 25,000$ ##5280 65 00 Printing and Reproduction 5,000$ 2,500$ -$ 2,575$ ##5305 65 00 Chapter 380 Program Grant 470,972$ 1,000,000$ 805,105$ 1,500,000$ ##5310 65 00 Rental/Office Lease 28,548$ 1$ 1$ 1$ ##5330 65 00 Copier Expense 5,500$ 5,000$ 1,992$ 5,000$ ##5340 65 00 Building Repairs 500$ 500$ -$ 10,000$ ##5410 65 00 Professional Services 415,452$ 353,501$ 28,177$ 100,000$ ##5412 65 00 Audit Fees 2,494$ 2,500$ 2,375$ 3,500$ ##5414 65 00 Appraisal/Tax Fees -$ 4,442$ 4,442$ 5,000$ ##5418 65 00 IT Fees -$ -$ -$ -$ ##5430 65 00 Legal Fees 5,000$ 10,000$ 8,467$ 25,000$ ##5480 65 00 Contracted Services -$ -$ -$ -$ ##5510 65 0 Liability Insurance -$ -$ -$ -$ ##5520 65 00 Telephones-Cable -$ -$ -$ ##5521 65 00 Cell Phone Expense -$ -$ -$ -$ ##5523 65 00 Water -$ 700$ 556$ 700$ ##5524 65 00 Gas - Office -$ -$ -$ -$ ##5525 65 00 Electricity - Office -$ 4,000$ 2,684$ 4,000$ ##5526 65 00 Mobile Data Network 1,000$ 1,000$ 760$ 1,000$ ##5530 65 00 Travel/Lodging/Meals Expense 5,000$ 20,000$ 23$ 5,000$ ##5531 65 00 Prospect Mtgs/Business Meals 10,000$ 10,000$ 6,963$ 10,000$ ##5533 65 00 Mileage Expense 500$ 500$ 240$ 500$ ##5536 65 00 Training/Seminars 3,000$ 10,000$ 1,548$ 5,000$ ##5600 65 0 Special Events 25,000$ 20,634$ 25,000$ ##6015 65 00 Project Incentives 100,000$ 1,500,000$ 525,982$ 2,000,000$ ##7100 65 0 Operating Transfer Out Total Expenses 1,155,266$ 3,139,840$ 1,512,296$ 3,942,356$ Total Operating Costs 1,666,244$ 3,642,554$ 1,908,391$ 4,450,989$ Net Income 1,524,870$ 593,282$ 3,099,583$ 1,182,414$