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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 2022 2023 2024 2025 2026 Description
<br />1600 Supplies, operating - - 27 200 200 Misc supplies
<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 />2,180 2,220 5% of audit (24 (for 23)-44,370, 25 (for 24)-43,605, 26 (for 25)-44,360)
<br />5,500 5,500 Loan Program and Energy Audit Consultant (CEE)
<br />2,500 - Marketing Consultant fees
<br />27,090 24,735 11,948 31,180 28,720
<br />3100 Telephone 550 600 600 600 600 Cell phone service (1) employee
<br />3420 Advertising - 2,856 140 1,500 1,500 Targeted advertisements.
<br />3610 Memberships 400 350 Economic Development Assoc of MN (EDAM)
<br />250 550 Twin Cities North Chamber of Commerce dues
<br />300 300 Mn Real Estate Exchangers (MREE)
<br />1,950 Nat'l Council of Exchangers annual (NCE) ($1,895 in 2025)
<br />595 1,805 1,805 950 3,150
<br />3630 Training & conferences 275 275 Ehlers Finance Seminar
<br />1,200 1,200 EDAM spring/summer conferences
<br />1,480 250 Other miscellaneous training
<br />790 530 1,545 2,955 1,725
<br />3800 Mileage 1,937 1,022 1,035 1,500 1,500 Misc. mileage
<br />4750 Real Estate Taxes - - 7,064 - - Taxes on acquired property
<br />4800 Insurance 513 603 824 320 280 Insurance policy premiums
<br />5210 Housing programs - 4,200 26,500 Home Improve/Mobile Home/Emergency Repair
<br />1,500 1,500 Home Energy Squad (City pays 50% of Fee for Residents to get an energy audit)
<br />5,512 2,146 5,075 5,700 28,000
<br />7050 Capital, real estate - - - 350,000 - Property - request budget adjustment if one occurs
<br />9300 Business loans/subsidies/grants - 50,000 26,500 Business improvement partnership loans/subsidies/grants
<br />15,000 - EDA forgivable loan program
<br />16,050 13,728 25,000 65,000 26,500
<br />53,037 48,026 55,062 459,905 92,175
<br />-9.45% 14.65% 735.24% -79.96%
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