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Fund: 230 EDAFund: 230 Department: 4650Housing and Economic DevelopmentACTUAL ACTUAL ACTUAL BUDGET BUDGETAccount Description 2021 2022 2023 2024 2025 Description1600 Supplies, operating - - - 200 200 Misc supplies2100 Books & periodicals- - - 150 - Misc. reports & periodicals (last used 2018)3030 Other professional services4,000 4,000 Legal fees for development reviews5,000 5,000 Financial consultant fees (Ehlers)12,000 12,000 Special project consultant fees1,844 2,180 5% of audit (24 (for 2023)-44,370, 25 (for 2024)-43,605, 26 (for 2025)-44,360)5,500 5,500 Loan Program and Energy Audit Consultant (CEE)2,500 2,500 Marketing Consultant fees22,709 27,090 24,735 30,844 31,180 3100 Telephone600 550 600 600 600 Cell phone service (1) employee3420 Advertising- - 2,856 1,500 1,500 Targeted advertisements.3430 Printing- - - 500 - Misc printing (last used 2013)3610 Memberships400 400 Economic Development Assoc of MN (EDAM)250 250 Twin Cities North Chamber of Commerce dues300 300 Mn Real Estate Exchangers (MREE)295 595 1,805 950 950 3630 Training & conferences535 - IEDC Conference Minneapolis275 275 Ehlers Finance Seminar1,200 1,200 EDAM spring/summer conferences1,480 1,480 Other miscellaneous training525 790 530 3,490 2,955 3800 Mileage970 1,937 1,022 350 1,500 Misc. mileage4800 Insurance519 513 603 649 320 Insurance policy premiums5210 Housing programs- 4,141 4,200 Low Interest Improvement Loan ($2,000-15,000 per loan at 3-4% interest)- Mobile Home Loan ($2,000-$10,000 per loan at 3-4% interest)- Emergency Repair Loan ($1,000-$5,000 per loan at 0% interest)1,500 Home Energy Squad (City pays 50% of Fee for Residents to get an energy audit)- Clean Water Loan ($1,000-$20,000 per loan at 0% interest)2,455 5,512 2,146 4,141 5,700 7050 Capital, real estate- - - - 350,000 Property or projects of opportunity or need as they may appear9300 Business loans/subsidies/grants- 24,000 50,000 Business improvement partnership loans/subsidies/grants (2 @ $25,000)15,000 EDA forgivable loan program (3 @ $5,000)5,000 16,050 13,728 24,000 65,000 33,073 53,037 48,026 67,374 459,905 60.36% -9.45% 40.29% 582.61%63
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