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Fund: 230 EDAFund: 230 Department: 4650Housing and Economic DevelopmentACTUAL ACTUAL ACTUAL BUDGET BUDGETAccount Description 2022 2023 2024 2025 2026 Description1600 Supplies, operating - - 27 200 200 Misc supplies3030 Other professional services 4,000 4,000 Legal fees for development reviews5,000 5,000 Financial consultant fees (Ehlers)12,000 12,000 Special project consultant fees2,180 2,220 5% of audit (24 (for 23)-44,370, 25 (for 24)-43,605, 26 (for 25)-44,360)5,500 5,500 Loan Program and Energy Audit Consultant (CEE)2,500 - Marketing Consultant fees27,090 24,735 11,948 31,180 28,720 3100 Telephone 550 600 600 600 600 Cell phone service (1) employee3420 Advertising - 2,856 140 1,500 1,500 Targeted advertisements.3610 Memberships 400 350 Economic Development Assoc of MN (EDAM)250 550 Twin Cities North Chamber of Commerce dues300 300 Mn Real Estate Exchangers (MREE)1,950 Nat'l Council of Exchangers annual (NCE) ($1,895 in 2025)595 1,805 1,805 950 3,150 3630 Training & conferences 275 275 Ehlers Finance Seminar1,200 1,200 EDAM spring/summer conferences1,480 250 Other miscellaneous training790 530 1,545 2,955 1,725 3800 Mileage 1,937 1,022 1,035 1,500 1,500 Misc. mileage4750 Real Estate Taxes - - 7,064 - - Taxes on acquired property4800 Insurance 513 603 824 320 280 Insurance policy premiums5210 Housing programs - 4,200 15,000 Low Interest Improvement Loan ($2,000-15,000 per loan at 3-4% interest)- 5,000 Mobile Home Loan ($2,000-$10,000 per loan at 3-4% interest)- 5,000 Emergency Repair Loan ($1,000-$5,000 per loan at 0% interest)1,500 1,500 Home Energy Squad (City pays 50% of Fee for Residents to get an energy audit)5,512 2,146 5,075 5,700 26,500 7050 Capital, real estate - - - 350,000 - Property - request budget adjustment if one occurs9300 Business loans/subsidies/grants - 50,000 50,000 Business improvement partnership loans/subsidies/grants (2 @ $25,000)15,000 - EDA forgivable loan program (3 @ $5,000)16,050 13,728 25,000 65,000 50,000 53,037 48,026 55,062 459,905 114,175 -9.45% 14.65% 735.24% -75.17%
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