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Fund: 230 EDA
<br />Fund: 230 Department: 4650 Housing and Economic Development
<br />ACTUAL ACTUAL ACTUAL BUDGET BUDGET
<br />Account Description 2021 2022 2023 2024 2025 Description
<br />1600 Supplies, operating - - - 200 200 Misc supplies
<br />2100 Books & periodicals - - - 150 - Misc. reports & periodicals (last used 2018)
<br />3030 Other professional services 4,000 4,000 Legal fees for development reviews
<br />5,000 5,000 Financial consultant fees (Ehlers)
<br />12,000 12,000 Special project consultant fees
<br />1,844 2,180 5% of audit (24 (for 2023)-44,370, 25 (for 2024)-43,605, 26 (for 2025)-44,360)
<br />5,500 5,500 Loan Program and Energy Audit Consultant (CEE)
<br />2,500 2,500 Marketing Consultant fees
<br />22,709 27,090 24,735 30,844 31,180
<br />3100 Telephone 600 550 600 600 600 Cell phone service (1) employee
<br />3420 Advertising - - 2,856 1,500 1,500 Targeted advertisements.
<br />3430 Printing - - - 500 - Misc printing (last used 2013)
<br />3610 Memberships 400 400 Economic Development Assoc of MN (EDAM)
<br />250 250 Twin Cities North Chamber of Commerce dues
<br />300 300 Mn Real Estate Exchangers (MREE)
<br />295 595 1,805 950 950
<br />3630 Training & conferences 535 - IEDC Conference Minneapolis
<br />275 275 Ehlers Finance Seminar
<br />1,200 1,200 EDAM spring/summer conferences
<br />1,480 1,480 Other miscellaneous training
<br />525 790 530 3,490 2,955
<br />3800 Mileage 970 1,937 1,022 350 1,500 Misc. mileage
<br />4800 Insurance 519 513 603 649 320 Insurance policy premiums
<br />5210 Housing programs - 4,141 4,200 Low Interest Improvement Loan ($2,000-15,000 per loan at 3-4% interest)
<br />- Mobile Home Loan ($2,000-$10,000 per loan at 3-4% interest)
<br />- Emergency Repair Loan ($1,000-$5,000 per loan at 0% interest)
<br />1,500 Home Energy Squad (City pays 50% of Fee for Residents to get an energy audit)
<br />- Clean Water Loan ($1,000-$20,000 per loan at 0% interest)
<br />2,455 5,512 2,146 4,141 5,700
<br />7050 Capital, real estate - - - - 350,000 Property or projects of opportunity or need as they may appear
<br />9300 Business loans/subsidies/grants - 24,000 50,000 Business improvement partnership loans/subsidies/grants (2 @ $25,000)
<br />15,000 EDA forgivable loan program (3 @ $5,000)
<br />5,000 16,050 13,728 24,000 65,000
<br />33,073 53,037 48,026 67,374 459,905
<br />60.36% -9.45% 40.29% 582.61%
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