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PvDc w Ind"; I .E 2021- 21124
<br />Budget to PEDC Board 2023-2024
<br />BUDGET FOR
<br />BUDGET FOR
<br />Acct #
<br />Account Name
<br />% CHANGE
<br />2022-2023
<br />2023-2024
<br />DEBT SERVICE
<br />LOAN WITH CITY- PRINCIPAL AND INTEREST
<br />2022 PROJECTED $1.9M - 2023 ORIGINAL NOTE -$2.SM
<br />Principal
<br />$
<br />145,198.52
<br />$
<br />148,336.43
<br />Interest
<br />$
<br />49,794.12
<br />$
<br />46,656.21
<br />TOTAL
<br />$
<br />194,992.64
<br />$
<br />194,992.64
<br />0%
<br />TOTAL DEBT SERVICE
<br />$_
<br />194,992.64
<br />$
<br />194,992.64
<br />0%
<br />NEW INDUSTRY PROJECTS
<br />0065
<br />SW Business Park Maintenance
<br />$
<br />20,000.00
<br />$
<br />20,000.00
<br />0%
<br />1 0081
<br />NW Business Park Maintenance
<br />$
<br />15,000.00
<br />$
<br />15,000.00
<br />0%
<br />SE Business Park Maintence
<br />$
<br />10,000.00
<br />100%
<br />0072
<br />Land Development
<br />$
<br />100,000.00
<br />$
<br />100,000.00
<br />0%
<br />TOTAL NEW INDUSTRY PROJECTS
<br />$
<br />_ 135,000.00
<br />$
<br />145,000.00
<br />7%
<br />TOTAL DEBT, CAPITAL & INCENTIVES
<br />$_
<br />1,898,992.64
<br />$
<br />1,686,992.64
<br />-11% 111,
<br />COMMUNITY ADVISORY BOARD
<br />PROGRAM
<br />COMMUNITY ADVISORY PROGRAM
<br />Paris ISD
<br />36,000.00
<br />100%
<br />North Lamar ISD
<br />36,000.00
<br />100%
<br />Praireland ISD
<br />36,000.00
<br />100%
<br />Chism ISD
<br />36,000.00
<br />100%
<br />Paris Junior College
<br />36,000.00
<br />100%
<br />TOTAL COMMUNITY ADVISORY PROGRAM
<br />$
<br />-
<br />$
<br />180,000.00
<br />100%
<br />TOTAL BUDGET EXPENSES
<br />$
<br />2,439,542.64
<br />$
<br />2,434,208.64
<br />0%
<br />INCOME
<br />ESTIMATED TAX INCOME
<br />1,700,000.00
<br />1,700,000.00
<br />0%
<br />INTEREST INCOME
<br />100,000.00
<br />a
<br />100%
<br />COMMUNITY ADVISORY BOARD PROGRAM INCOME
<br />180,000.00
<br />],ESTIMATED INCOME
<br />1,700,000.00
<br />1,980,000.00
<br />16%
<br />ESTIMATED SURPLUS (SHORTAGE)
<br />(739,542.64)
<br />(454,208.64)
<br />-39%
<br />CASH AND INVESTMENTS ENDING BALANCE
<br />$
<br />4,352,374.36 $
<br />4,873,023.70
<br />12%
<br />Budget to PEDC Board 2023-2024
<br />
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