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PEDC BUDGET 2025-2026
<br />CASH AND INVESTMENTS
<br />Balance 6/2024
<br />Balance 6/2025
<br />% Change
<br />Cash and Cash Equivalents
<br />2,260,329.55
<br />2,409,089.62
<br />7%
<br />Investments
<br />2,319,629.19
<br />2,426,423.00
<br />5%
<br />EDA Reimbursement
<br />504,897.00
<br />100%
<br />TOTAL CASH AND INVESTMENTS
<br />4,579,958.74
<br />5,340,409.62
<br />17%
<br />BUDGET
<br />BUDGET%
<br />Acct #
<br />Account Name
<br />CHANGE
<br />2024-2025
<br />2025-2026
<br />REVENUE
<br />ESTIMATED SALES TAX INCOME
<br />1,800,000.00
<br />1,900,000.00
<br />6%
<br />ESTIMATED INTEREST INCOME
<br />iS0,000.00
<br />75,000.00
<br />-50%
<br />COMMUNITY ADVISORY BOARD PROGRAM INCOME
<br />-
<br />0%
<br />ESTIMATED INCOME
<br />1,950,000.00
<br />11975,000.00
<br />1%
<br />EXPENSES
<br />PERSONNEL
<br />40101
<br />Salaries & Wages
<br />$
<br />250,000.00
<br />$ 278,000.00
<br />11%
<br />40102
<br />Social Security/Medicare (6.2%/1.45%)
<br />$
<br />19,125.00
<br />$ 21,267.00
<br />11%
<br />40103
<br />Retirement
<br />$
<br />20,000.00
<br />$ 27,800.00
<br />39%
<br />40104
<br />Insurance Benefits:
<br />$
<br />48,000.00
<br />$ 52,000.00
<br />8°%
<br />40105
<br />lWorkers Comp. Ins. (.44%)
<br />$
<br />1,100.00
<br />$ 1,224.00
<br />11%
<br />TOTAL PERSONNEL EXPENSES
<br />I $
<br />338,225.00
<br />$ 380,291.00
<br />12%
<br />ADMINISTRATION
<br />40201
<br />Office Supplies
<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 />Meetings
<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 />5,000.00
<br />6,000.00
<br />20%
<br />40306
<br />Mileage Reimbursement
<br />1,000.00
<br />1,000.00
<br />0%
<br />40308
<br />Utilities
<br />15,000.00
<br />17,000.00
<br />13%
<br />40310
<br />Miscellaneous
<br />500.00
<br />500.00
<br />0%
<br />40311
<br />Association Memberships
<br />4,500.00
<br />4,500.00
<br />0%
<br />40314
<br />Staff Training
<br />5,000.00
<br />5,000.00 L
<br />0916
<br />40348
<br />Depot Operations
<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 />Auditing and Compilation Services
<br />14,500.00
<br />14,500.00
<br />0%
<br />41002
<br />Machinery, Tools & Equipment
<br />10,000.00
<br />10,000.00
<br />0%
<br />TOTAL ADMINISTRATION
<br />$
<br />123,550.00
<br />$ 126,550.00
<br />2%
<br />Budget to PEDC Board 2025-2026
<br />
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