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FORM B-1 2018 ADJUSTMENTS TO BASE BUDGET <br />DEPARTMENT #: 415 FUND:101 <br />NAME:ECONOMIC DEVELOPMENT <br />B-1 & B-2 TOTAL $700 TOTAL B1 CHANGES $700 <br />1 <br />Account #:4300 Amount (neg if decrease)($4,100) <br />PROFESSIONAL SERVICES <br />Description of Adjustment:Reduced anticipated consultant services for 2018 primarily in Business Retention <br />and Expansion (BRE) Implementation <br />Benefits if done: <br />Implications if not done: <br />2 <br />Account #:4452 Amount (neg if decrease)$300 <br />SUBSCRIPTIONS/DUES <br />Description of Adjustment:Includes membership costs for City's 3 primary Economic Development networking and <br />outreach memberships. <br />Benefits if done:Maintains existing memberships and City exposure to development and business <br />community. <br />Implications if not done:Reduced involvement, networking, and educational opportunities for staff and City. <br />3 <br />Account #:4900 Amount (neg if decrease)$4,500 <br />CITY MARKETING & EDUCATION <br />Description of Adjustment:Lodging Tax Remittals - Pass through to Twin Cities Gateway Convention and Tourism <br />Bureau - Increase to reflect two year average. <br />Offsetting revenue adjustment $4,736 <br />Benefits if done: <br />Implications if not done: <br />Budget Work Session 7-31-17 29