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PEDC BUDGET 2019 - 2020
<br />PAGE 2 July 23, 2019 PEDC Board Approved the 2019-2020 Budget
<br />BUDGET
<br />BUDGET
<br />Acct #
<br />Account Name
<br />FOR 2018-
<br />FOR 2019-
<br />%
<br />CHANGE
<br />2019
<br />2020
<br />JOB TRAINING -DIRECT INCENTIVES -DEBT
<br />SERVICE -CAPITAL
<br />INCENTIVES
<br />JOB TRAINING
<br />'
<br />500.00
<br />-
<br />High Demand Job Training & Recruiting Match Grant
<br />25,000.00
<br />25,000.00
<br />0%
<br />0318
<br />TOTAL JOB TRAINING
<br />$ 25,500.00
<br />$ 25,000.00
<br />-2%
<br />DIRECT BUSINESS INCENTIVES
<br />$ 1,500,000.00
<br />$ -
<br />-100%
<br />American Spiral Weld -Jobs (See Footnote #1)
<br />$ 1,000,000.00
<br />$ 1,000,000.00
<br />0%
<br />Rail Lead
<br />$ -
<br />$ 1,000,000.00
<br />#DIV/0!
<br />Huhtamaki - Rail Development
<br />$ -
<br />$ 100,000.00
<br />#DIV/0!
<br />J Skinner - Rail Development
<br />$ -
<br />$ 300,000.00
<br />#DIV/0!
<br />Daisy Dairy
<br />$ 113,150.00
<br />$ 131,400.00
<br />16%
<br />TOTAL DIRECT BUSINESS INCENTIVES
<br />$ 2,613,150.00
<br />$ 2,531,400.00
<br />-3%
<br />DEBT SERVICE
<br />SW BUSINESS PARK
<br />ORGINAL NOTE - $697,000.00
<br />SW PARK PRINCIPAL 02-0001-90-06''
<br />$ 29,209.74
<br />$ 36,278.11
<br />,,,,,,�......-.
<br />24%
<br />SW PARK INTEREST 02-0002-90-06
<br />$ 21,654.66
<br />$ 24,759.17
<br />°
<br />14%
<br />TOTAL PARK
<br />$ 50,864.40
<br />$ 61,037.28
<br />I 20%
<br />ASWP LOAN - PRIN, INT
<br />ORGINAL NOTE - $1,000,000.00
<br />ASWP PRINCIPAL 02-0001-90-05
<br />$ 22,597.30
<br />$ 51,520.78
<br />128%
<br />ASWP INTEREST 02-0002-90-05
<br />21,296.00
<br />36,265.82
<br />1 70%
<br />TOTAL ASWP
<br />$ 43,893.30
<br />$ 87,786.60
<br />100%
<br />TOTAL DEBT SERVICE
<br />$ 87,786.60
<br />$ 148,823.88
<br />70%
<br />NEW INDUSTRY PROJECTS
<br />-
<br />0064
<br />Project ASWP - .
<br />$ -
<br />$ 200,000.00
<br />#DIV/0!
<br />0065
<br />-
<br />SW Business Park
<br />$ -
<br />$ 320,000.00
<br />#DIV/0!
<br />Land Development
<br />$ -
<br />$ 180,000.00
<br />#DIV/0!
<br />TOTAL NEW INDUSTRY PROJECTS
<br />$ -
<br />$ 700,000.00
<br />#DIV/0!
<br />TOTAL DEBT, CAPITAL & INCENTIVES
<br />$ 2,726,436.60
<br />$ 3,405,223.88
<br />25%
<br />TOTAL BUDGET EXPENSES
<br />$ 3,177,736.60
<br />$ 3,861,548.8822%
<br />INCOME
<br />PAGE 2 July 23, 2019 PEDC Board Approved the 2019-2020 Budget
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