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Fund: 230 EDA
<br /> Fund: 230 Department: 465 g and Economic Development mom
<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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