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FORM B-1 2023 ADJUSTMENTS TO BASE BUDGET <br />DEPARTMENT #: 415 FUND: 101 <br />NAME:ECONOMIC DEVELOPMENT <br />B-1 & B-2 TOTAL $8,300 TOTAL B1 CHANGES $8,300 <br />1 <br />Account #:4330 Amount (neg if decrease)$50 <br />TRAVEL/TUITION <br />Description of Adjustment: <br />Benefits if done: <br />Implications if not done: <br />2 <br />Account #:4900 Amount (neg if decrease)$8,250 <br />CITY MARKETING <br />Description of Adjustment: <br />Benefits if done: <br />Implications if not done: <br />Increase to cover costs of annual economic development conference <br />Provides networking and professional development opportunities for economic development <br />Staff would not be able to participate in regional and state economic development events <br />The City receives lodging tax and remits 95% to the MN Metro Tourism Board. Revenue is expected to return to 2018 <br />& 2019 levels so the corresponding pass through expense will increase. Net impact is $435 in more General Fund <br />revenue (101-000-3225-000). <br />26