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H1H=1KI�s� <br />PEDC BUDGET WORKSHEET <br />Acct # <br />Account Name,'— <br />BUDGET <br />FCR 2017- <br />2018— <br />BUDGET <br />FCR 2018-`� <br />'',2019, <br />CHANGE <br />CVRR NT NOTES <br />ITEM DESCRIPTION <br />PERSONNEL <br />0101 <br />Salaries & Wages <br />$ 171,450.00 <br />$ 174,900.00 <br />2% <br />Calculated 3 employees by 26 pay periods <br />Three full-time employees: Executive Director, Economic Development Associate, Administrative <br />Assistant. <br />0102 <br />Social Security/Medicare (6.2%/1.45%) <br />$ 13,100.00 <br />$ 13,400.00 <br />2% <br />Small increase. <br />0103 <br />Retirement <br />$ 10,800.00 <br />$ 10,800.00 <br />0% <br />No Change. <br />A bi-weekly contribution to a retirement account for the Executive Director. <br />0104 <br />Insurance Benefits: <br />$ 28,700.00 <br />$ 34,500.00 <br />20% <br />Calculated for 12 months. (Not showing changes for <br />2019) <br />The PEDC Board approved insurance benefits through the Texas Municipal League. Medical, Dental <br />and Vision for the staff. <br />0105 <br />Workers Comp. Ins. (.44%) <br />$ 750.00 <br />$ 750.00 <br />0% <br />Calculated Salaries by .44% <br />Used the calculation provided. <br />TOTAL PERSONNEL EXPENSES <br />$ 224,800.00 <br />$ 234,350.00 <br />4% <br />$ 9,550.00 <br />ADMINISTRATION <br />0201 <br />Office Supplies <br />4,700.00 <br />4,700.00 <br />0% <br />No Change. <br />Function 4; Petty Cash - Office Supplies; Pickle Printing & Capital One. <br />0202 <br />Postage <br />250.00 <br />500.00 <br />100% <br />Increase <br />Stamps; FedEx. <br />0301 <br />Telephone/Communication <br />5,500.00 <br />5,500.00 <br />0% <br />No Change. <br />SuddenLink; Executive Director's cell phone; Capital One/Data Plan. <br />0302 <br />Car Allowance <br />8,400.00 <br />8,400.00 <br />0% <br />No Change. <br />Monthly Car Allowance for Executive Director ($700 mo). <br />0303 <br />Insurance & Bonds <br />2,500.00 <br />2,500.00 <br />0% <br />No Change. <br />Liability Insurance on property for the PEDC (Pierson & Fendley). <br />0304 <br />Moving Expenses <br />- <br />- <br />0% <br />No Change. <br />Held for moving expenses when an Executive Director is hired. <br />0306 <br />Travel Expenses <br />1,000.00 <br />1,000.00 <br />0% <br />No Change. <br />Mileage reimbursement for non -marketing travel of staff. <br />0308 <br />Utilities <br />12,000.00 <br />12,000.00 <br />0% <br />No Change. <br />City of Paris - Water; Atmos Energy; Cirro/Gexa Energy. <br />0310 <br />Miscellaneous <br />500.00 <br />500.00 <br />0% <br />No Change. <br />Capital One; Petty Cash; King Sports. <br />0311 <br />Association Memberships <br />3,500.00 <br />3,500.00 <br />0% <br />No Change. <br />Membership for Texas Economic Development Council (TEDC) and LC Chamber. <br />0314 <br />Staff Training <br />1,500.00 <br />1,500.00 <br />0% <br />No Change. <br />Professional development training for staff other than Executive Director. <br />0348 <br />Depot Operations <br />16,150.00 <br />16,150.00 <br />0% <br />No Change. <br />Expenses related to the Depot facilities: JC Darnell Computer Services; RWCS Janitorial; Forrest <br />Signs; A-1 Bug Busters; Paris News; Advanced Alarm; E -File Cabinet; Petty Cash; Paris Fire <br />Extinguisher; Capital One. <br />0355 <br />Contract Labor <br />- <br />- <br />4DIV/0! <br />No Contract Labor expected. <br />No temp staff. <br />0357 <br />Contract Services - Legal Fees <br />- <br />5,000.00 <br />4DIV/0! <br />Increase Fee - Board approved ED attorney on an as needed basis. <br />0402 <br />Industrial Park Maintenance <br />10,000.00 <br />10,000.00 <br />0% <br />No Change. <br />Expenses related to maintaining the Industrial Park and Build -to -Suit site i.e.: mowing. <br />0605 <br />Auditing Services <br />8,300.00 <br />8,700.00 <br />5% <br />Gene suggested the 3% increase. <br />Paid each year for the PEDC portion of the overall City audit. <br />1002 <br />Machinery, Tools & Equipment <br />18,000.00 <br />12,000.00 <br />1 -33% <br />New copier before October 2018. <br />Copier; Cell Phone. <br />TOTAL ADMINISTRATION <br />$ 92,300.00 <br />$ 91,950.00 <br />1 0% <br />1 $ (350.00) <br />PAGE 1 August 7, 2018 PEDC Board Approved the 2018-2019 Budget <br />