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PEDC BUDGET 2025-2026
<br />Budget to PEDC Board 2025-2026
<br />.......
<br />BUDGET.
<br />BUDGET%
<br />Acct #
<br />Account Name
<br />CHANGE
<br />2024-2025
<br />2025-2026
<br />DEBT SERVICE
<br />LOAN WITH CITY - PRINCIPAL AND INTEREST
<br />2022 PROJECTED $1.9M - 2023 ORIGINAL NOTE -$2.5M
<br />Principal and Interest
<br />$
<br />220,000.00
<br />$ 220,000.00
<br />0%
<br />2025 PROJECTED $1M NOTE (Land Acquisition)
<br />Principal and Interest,
<br />$ 105,000.00
<br />100%
<br />TOTAL DEBT SERVICE
<br />$
<br />220,000.00
<br />$ 325,000.00
<br />48%
<br />NEW INDUSTRY PROJECTS
<br />40065
<br />SW Business Park Maintenance
<br />$
<br />25,000.00
<br />$ 25,000.00
<br />0%
<br />40081
<br />NW Business Park Maintenance
<br />$
<br />15,000.00
<br />$ 15,000.00
<br />09/o
<br />40083
<br />SE Business Park Maintenance
<br />$
<br />10,000.00
<br />$ 10,000.00
<br />0%
<br />40072
<br />Land Development
<br />$
<br />100,000.00
<br />$ 100,000.00
<br />0%
<br />TOTAL NEW INDUSTRY PROJECTS$
<br />150,000.00
<br />$ 150,000.00
<br />0%
<br />TOTAL DEBT, CAPITAL & INCENTIVES
<br />$
<br />2,668,320.00
<br />$ 2,079,666.00
<br />-22%
<br />COMMUNITY ADVISORY BOARD PROGRAM
<br />COMMUNITY ADVISORY PROGRAM
<br />37665
<br />Comm Adv Income
<br />40613
<br />Paris ISD
<br />21,000.00
<br />21,000.00
<br />0%
<br />40614
<br />North Lamar ISD
<br />21,000.00
<br />21,000.00
<br />0%
<br />40615
<br />Prairieland ISD
<br />21,000.00
<br />21,000.00
<br />0%
<br />40616
<br />Chism ISD
<br />21,000.00
<br />21,000.00
<br />0%
<br />40617
<br />Paris Junior College
<br />21,000.00
<br />21,000.00
<br />0%
<br />TOTAL COMMUNITY ADVISORY PROGRAM
<br />$
<br />105,000.00
<br />$ 105,000.00
<br />0%
<br />TOTAL BUDGET EXPENSES
<br />$
<br />3,365,095.00
<br />$ 2,836,507.00
<br />-16%
<br />INCOME
<br />ESTIMATED TAX INCOME
<br />1,800,000.00
<br />1,900,000.00
<br />6%
<br />INTEREST INCOME
<br />150,000.00
<br />75,000.00
<br />-50%
<br />COMMUNITY ADVISORY BOARD PROGRAM INCOME
<br />ESTIMATED INCOME
<br />1,950,000.00
<br />1,975,000.00
<br />1%
<br />ESTIMATED SURPLUS (SHORTAGE)
<br />L
<br />(1,415,095.00)
<br />(861,507.00)
<br />-39%
<br />CASH AND INVESTMENTS ENDING BALANCE
<br />I $
<br />3,164,863.74 i $
<br />4,478,902.62
<br />42%
<br />Budget to PEDC Board 2025-2026
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