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June 2022 PEDC Board PROPOSED 2022-2023 Budget
<br />Page 3
<br />PED.0 U ,, E 1 .0
<br />2- 2023
<br />BUDGET FOR
<br />BUDGET FOR
<br />Acct #
<br />Account Name
<br />%CHANGE
<br />2021-2022
<br />2022-2023
<br />DEBT SERVICE
<br />SW BUSINESS PARK - PRINCIPAL AND INTEREST
<br />ORIGINAL NOTE - $697,000.00
<br />SW PARK PRINCIPAL 02-0001-90-061
<br />$
<br />48,053.08
<br />$
<br />-
<br />-100%
<br />SW PARK INTEREST 02-0002-90-06
<br />$
<br />12,984.20
<br />$
<br />-
<br />-100%
<br />TOTAL PARK
<br />$
<br />61,037.28
<br />$
<br />-
<br />-100%
<br />ASWP LOAN - PRINCIPAL AND INTEREST
<br />ORIGINAL NOTE - $1,000,000.00
<br />ASWP PRINCIPAL 02-0001-90-05
<br />$
<br />55,584.63
<br />$
<br />-
<br />-100%
<br />ASWP INTEREST 02-0002-90-05
<br />32,201.97
<br />-
<br />-100%
<br />TOTAL ASWP
<br />$
<br />87,786.60
<br />$
<br />-
<br />-100%
<br />LOAN WITH CITY - PRINCIPAL AND INTEREST
<br />2022 PROJECTED $1.9M - 2023 ORIGINAL NOTE -$2.5M
<br />Principal
<br />$
<br />120,000.00
<br />$
<br />145,198.52
<br />Interest
<br />$
<br />49,794.12
<br />TOTAL
<br />$
<br />120,000.00
<br />$
<br />194,992.64
<br />62%
<br />TOTAL DEBT SERVICE
<br />$
<br />268,823.88
<br />$
<br />194,992.64
<br />-27%
<br />NEW INDUSTRY PROJECTS
<br />0065
<br />SW Business Park Maintenance
<br />$
<br />20,000.00
<br />$
<br />20,000.00
<br />0%
<br />NW Business Park Maintenance
<br />$
<br />15,000.00
<br />100%
<br />Land Development
<br />$
<br />100,000.00
<br />$
<br />100,000.00
<br />0%
<br />TOTAL NEW INDUSTRY PROJECTS
<br />$
<br />120,000.00
<br />$
<br />135,000.00
<br />139/o
<br />TOTAL DEBT, CAPITAL & INCENTIVES
<br />$
<br />2,135,823.88
<br />$
<br />1,898,992.64
<br />-11%
<br />TOTAL BUDGET EXPENSES
<br />$
<br />2,649,873.88
<br />$
<br />2,439,542.64
<br />INCOME
<br />ESTIMATED TAX INCOME
<br />1,700,000.00
<br />1,700,000.00
<br />0%
<br />ESTIMATED INCOME
<br />1,700,000.00
<br />1,700,000.00
<br />0%
<br />ESTIMATED SURPLUS (SHORTAGE)
<br />(949,873.88)
<br />(739,542.64)
<br />-22%
<br />CA11 SH AND INVESTMENTS ENDING BALANCE
<br />=$3,024,692.12=$
<br />4,352,374.36
<br />44%
<br />June 2022 PEDC Board PROPOSED 2022-2023 Budget
<br />Page 3
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