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PEDC BUDGET 2024-2025
<br />Budget to PEDC Board 2024-2025
<br />BUDGET FOR
<br />BUDGET FOR
<br />Acct #
<br />Account Name
<br />% CHANGE
<br />2023-2024
<br />2024-2025
<br />DEBT SERVICE
<br />LOAN WITH CITY - PRINCIPAL AND INTEREST
<br />2022 PROJECTED $1.9M - 2023 ORIGINAL NOTE -$2.5M
<br />Princi-al
<br />$
<br />145,198.52
<br />Interest
<br />$
<br />49,794.12
<br />TOTAL
<br />$
<br />194,992.64
<br />$
<br />220,000.00
<br />13%
<br />TOTAL DEBT SERVICE
<br />$
<br />194,992.64
<br />$
<br />220,000.00
<br />13%
<br />NEW INDUSTRY PROJECTS
<br />40065
<br />SW Business Park Maintenance
<br />$
<br />20,000.00
<br />$
<br />25,000.00
<br />25%
<br />40081
<br />NW Business Park Maintenance
<br />$
<br />15,000.00
<br />$
<br />15,000.00
<br />0%
<br />40083
<br />SE Business Park Maintenance
<br />$
<br />10,000.00
<br />$
<br />10,000.00
<br />0%
<br />40072
<br />Land Development
<br />$
<br />100,000.00
<br />$
<br />100,000.00
<br />0%
<br />TOTAL NEW INDUSTRY PROJECTS
<br />$
<br />145,000.00
<br />$
<br />150,000.00
<br />3%
<br />TOTAL DEBT, CAPITAL& INCENTIVES
<br />$
<br />1,686,992.64
<br />$
<br />2,668,320.00
<br />58%
<br />COMMUNITY ADVISORY BOARD PROGRAM
<br />COMMUNITY ADVISORY PROGRAM
<br />37665
<br />Comm Adv Income
<br />40613
<br />Paris ISD
<br />36,000.00
<br />21,000.00
<br />-42%
<br />40614
<br />North Lamar ISD
<br />36,000.00
<br />21,000.00
<br />-42%
<br />40615
<br />Prairieland ISD
<br />36,000.00
<br />21,000.00
<br />-42%
<br />40616
<br />Chism ISD
<br />36,000.00
<br />21,000.00
<br />-42%
<br />40617
<br />Paris Junior College
<br />36,000.00
<br />21,000.00
<br />-42%
<br />TOTAL COMMUNITY ADVISORY PROGRAM
<br />$
<br />180,000.00
<br />$
<br />105,000.00
<br />-42%
<br />TOTAL BUDGET EXPENSES
<br />$
<br />2,254,208.64
<br />$
<br />3,365,095.00
<br />49%
<br />INCOME
<br />ESTIMATED TAX INCOME
<br />1,700,000.00
<br />1,800,000.00
<br />6%
<br />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 />ESTIMATED SURPLUS (SHORTAGE)
<br />(274,208.64)
<br />(1,415,095.00)
<br />416%
<br />CASH AND INVESTMENTS ENDING BALANCE
<br />$
<br />5,053,023.70
<br />$
<br />3,164,863.74
<br />-37%
<br />Budget to PEDC Board 2024-2025
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