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2017 -2018 PEDC Budget
<br />Acct #
<br />Account Name
<br />REVISED BUDGET
<br />2016 -2017 (04/24/17)
<br />BUDGET FOR
<br />2017 -2018
<br />%CHANGE
<br />PERSONNEL.
<br />0101
<br />Salaries & Wages
<br />$ 160,200.00
<br />$ 171,450.00
<br />7%
<br />0102
<br />Social Security/Medicare (6.2 1/o/1.45 %)
<br />$ 12,650.00
<br />$ 13,100.00
<br />4%
<br />0103
<br />Retirement
<br />$ 10,800.00
<br />$ 10,800.00
<br />0%
<br />0104
<br />Insurance Benefits:
<br />$ 20,500.00
<br />$ 28,700.00
<br />40%
<br />0105
<br />Workers Comp. Ins. (.44 %)
<br />$ 526.00
<br />$ 750.00
<br />43%
<br />TOTAL PERSONNEL EXPENSES
<br />$ 204,676.00
<br />$ 224,800.00
<br />10%
<br />ADMINISTRATION
<br />0201
<br />Office Supplies
<br />5,500.00
<br />4,700.00
<br />-15%
<br />0202
<br />Postage
<br />500.00
<br />250.00
<br />-50%
<br />0301
<br />Telephone /Communication
<br />5,000.00
<br />5,500.00
<br />10%
<br />0302
<br />Car Allowance
<br />10,000.00
<br />8,400.00
<br />-16%
<br />0303
<br />Insurance & Bonds
<br />2,500.00
<br />2,500.00
<br />0%
<br />0304
<br />Moving Expenses
<br />-
<br />-
<br />0%
<br />0306
<br />Travel Expenses
<br />10,000.00
<br />1,000.00
<br />-90%
<br />0308
<br />Utilities
<br />12,000.00
<br />12,000.00
<br />0%
<br />0310
<br />Miscellaneous
<br />1,000.00
<br />500.00
<br />-50%
<br />0311
<br />Association Memberships
<br />3,500.00
<br />3,500.00
<br />0%
<br />0314
<br />Staff Training
<br />3,000.00
<br />1,500.00
<br />-50%
<br />0348
<br />Depot Operations
<br />15,000.00
<br />16,150.00
<br />8%
<br />0355
<br />Contract Labor (RPM Staffing)
<br />13,400.00
<br />-
<br />-100%
<br />0357
<br />Contract Services - Legal Fees
<br />3,000.00
<br />5,000.00
<br />67%
<br />0402
<br />1 Industrial Park Maintenance
<br />14,000.00
<br />10,000.00
<br />-29%
<br />0605
<br />Auditing Services
<br />8,000.00
<br />8,300.00
<br />4%
<br />1002
<br />Machinery, Tools & Equipment
<br />5,000.00
<br />18,000.00
<br />260%
<br />TOTAL ADMINISTRATION
<br />$ 111,400.00
<br />$ 97,300.00
<br />-13%
<br />MARKETING AND PROMOTION
<br />Secure Jobs /Retention/Bus.Retention & Expansion
<br />5,000.00
<br />5,000.00
<br />0%
<br />Lamar County Days 2017
<br />7,000.00
<br />-
<br />-100%
<br />Marketing Airport as Industrial Site
<br />10,000.00
<br />10,000.00
<br />0%
<br />Industry Attraction Video
<br />10,000.00
<br />10,000.00
<br />0%
<br />Marketing and Promotion
<br />75,000.00
<br />75,000.00
<br />0%
<br />0315
<br />TOTAL MARKETING AND PROMOTION
<br />$ 107,000.00
<br />$ 100,000.00
<br />-7%
<br />TOTAL OPERATING EXPENSES
<br />$ 423,076.00
<br />$ 422,100.00
<br />0%
<br />JOB TRAINING - DIRECT INCENTIVES -DEBT SERVICE - CAPITAL INCENTIVES
<br />JOB TRAINING
<br />Campbells /KC -ACT WorkKeys
<br />10,000.00
<br />1,000.00
<br />-90%
<br />0047
<br />Bodyguard Traning Incentive
<br />13,371.00
<br />-
<br />-100%
<br />0060
<br />Results Training Incentive
<br />50,000.00
<br />50,000.00
<br />0%
<br />High Demand Job Training Match Grant
<br />25,000.00
<br />-
<br />-100%
<br />0318
<br />TOTAL JOB TRAINING
<br />$ 98,371.00
<br />$ 51,000.00
<br />-48%
<br />DIRECT BUSINESS INCENTIVES
<br />0025
<br />1?mk- S�
<br />$ 60,000.00
<br />$ -
<br />-100%
<br />0044
<br />Paris Lakes
<br />$ 250,000.00
<br />$ 250,000.00
<br />0%
<br />0047
<br />BodyGuard
<br />$ -
<br />$ 25,000.00
<br />#DIV /0!
<br />0053
<br />Potters Industries
<br />$ 16,000.00
<br />$ 8,000.00
<br />-50%
<br />0055
<br />$ 1,276.77
<br />$
<br />-100%
<br />Daisy Dairy
<br />$ 94,900.00
<br />$ 94,900.00
<br />0%
<br />TOTAL DIRECT BUSINESS INCENTIVES
<br />$ 422,176.77
<br />$ 377,900.00
<br />-10%
<br />DEBT SERVICE
<br />PEDC Bonds 1998 (Paris Pkg.)
<br />354,011.00
<br />354,926.00
<br />0%
<br />The Bank of New York ( Bond Paying Agent Fee)
<br />750.00
<br />750.00
<br />0%
<br />TOTAL DEBT SERVICE
<br />$ 354,761.00
<br />$ 355,676.00
<br />0%
<br />CAPITAL EXPENSES
<br />0057
<br />2305 NW Loop 286
<br />$ -
<br />$ -
<br />0%
<br />TOTAL CAPITAL EXPENSES
<br />$ -
<br />$ -
<br />0%
<br />TOTAL DEBT, CAPITAL & INCENTIVES
<br />$ 875,308.77
<br />$ 784,576.00
<br />-10%
<br />TOTAL BUDGET EXPENSES
<br />$ 1,298,384.77
<br />$ 1,206,676.00
<br />-7%
<br />TAX INCOME
<br />ESTIMATED TAX INCOME
<br />1,380,000.00
<br />1,416,000.00
<br />1%
<br />ESTIMATED SURPLUS
<br />81,615.23
<br />209,324.00
<br />156%
<br />Approved by the PEDC Board on August 18, 2017
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