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PEDC BUDGET 2024-2025
<br />CASH AND INVESTMENTS
<br />Balance 6/2023
<br />Balance 6/2024
<br />% Change
<br />Cash and Cash Equivalents
<br />3,129,062.35
<br />2,260,329.55
<br />-28%
<br />Investments
<br />2,198,169.99
<br />2,319,629.19
<br />6%
<br />TOTAL CASH AND INVESTMENTS
<br />5,327,232.34
<br />4,579,958.74
<br />-14%
<br />BUDGET FOR
<br />BUDGET FOR
<br />Acct #
<br />Account Name
<br />% CHANGE
<br />2023-2024
<br />2024-2025
<br />REVENUE
<br />ESTIMATED SALES TAX INCOME
<br />1,700,000.00
<br />1,800,000.00
<br />6%
<br />ESTIMATED INTEREST INCOME
<br />100,000.00
<br />150,000.00
<br />50%
<br />COMMUNITY ADVISORY BOARD PROGRAM INCOME
<br />180,000.00
<br />-100%
<br />ESTIMATED INCOME
<br />1,980,000.00
<br />1,950,000.00
<br />-2%
<br />EXPENSES
<br />PERSONNEL
<br />40101
<br />Salaries & Wages
<br />$
<br />240,000.00
<br />$
<br />250,000.00
<br />4%
<br />40102
<br />Social Security/Medicare (6.2%/1.459/2)
<br />$
<br />18,360.00
<br />$
<br />19,125.00
<br />4%
<br />40103
<br />Retirement
<br />$
<br />24,000.00
<br />$
<br />20,000.00
<br />-17%
<br />40104
<br />Insurance Benefits:
<br />$
<br />43,000.00
<br />$
<br />48,000.00
<br />12%
<br />40105
<br />Workers ComL). Ins. .44%
<br />$
<br />1,056.00
<br />$
<br />11100.00
<br />4%
<br />TOTAL PERSONNEL EXPENSES
<br />$
<br />326,416.00
<br />$
<br />338,225.00
<br />4%
<br />'ADMINISTRATION
<br />40201
<br />Office Su lies
<br />5,000.00
<br />5,000.00
<br />0%
<br />40202
<br />Postage
<br />500.00
<br />500.00
<br />0%
<br />40203
<br />IMeetin s
<br />3,000.00
<br />3,000.00
<br />0%
<br />40301
<br />Telephone/Communication
<br />10,000.00
<br />10,000.00
<br />0%
<br />40302
<br />Car Allowance
<br />8,400.00
<br />8,400.00
<br />0%
<br />40303
<br />,Insurance, Bonds & Admin Fees
<br />2,750.00
<br />51000.00
<br />82%
<br />40306
<br />Mile a a Reimbursement
<br />1,000.00
<br />1,000.00
<br />0%
<br />40308
<br />Utilities
<br />12,000.00
<br />15,000.00
<br />25%
<br />40330
<br />Miscellaneous
<br />500.00
<br />500.00
<br />0%
<br />40311
<br />Association Memberships
<br />3,500.00
<br />4,500.00
<br />29%
<br />40314
<br />Staff Training
<br />1,500.00
<br />5,000.00
<br />233%
<br />40348
<br />Depot O erations
<br />16,150.00
<br />16,150.00
<br />0%
<br />48117
<br />Contract Services - Legal Fees
<br />25,000.00
<br />25,000.00
<br />0%
<br />40605
<br />Auditin and Com pilation Services
<br />11,500.00
<br />14,500.00
<br />26%
<br />41002
<br />Machine!j, Tools & Equipment
<br />10,000.00
<br />10,000.00
<br />0%
<br />TOTAL ADMINISTRATION
<br />$
<br />110,800.00
<br />$
<br />123,550.00
<br />12%
<br />Budget to PEDC Board 2024-2025
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