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DRAFT <br />Paris Economic Development Corporation <br />Business Plan - 2012-2014 <br />Current PEDC FY 2011-12 Budget Review <br />Bud et Item <br />Amount <br />1. Current Bud eted F'ized (3perarin Costs <br />A. FT Salary, Benefits & Auto (SG & SB) <br />$241 945 <br />B. Su lies, Posta e, Phone UtiL, E ui Publications, Ins.,/Bonds <br />26,450 <br />C. Travel Food, Misc., Trainin Membershi s <br />45,500 <br />D. Advertisin <br />40,000 <br />E. Industrial Park Maintenance <br />18,000 <br />F. Audst <br />5,000 <br />Total Current Fixed Costs <br />$376 895 <br />Proposed Added Costs for PY11-12 See 2. $elow <br />~ <br />2 8S1 <br />Total Revised Fixed Costs <br />"a7A, ~ <br />5405 74b <br />2. Pro osed Staff Additions to Fixed O eratin Costs <br />A. Shannon Jones from PT to F'T wBtnefits (+S10,101 F1'11-12; +$13 468 Yr. 2 <br />$10,101 <br />B. Fred Green transition to Project Mana cr Role o Cost <br />C. Create new Incnbator Operations Manager Position to assume day-to-day operations by <br />October 2012, hired Ju1y 2012 +$13 750 FYl 1-12• +$SS OOd Xr. 2 <br />13,750 <br />rt (+$5,000 annualt <br />D. Add Colle e Intern for Data Anal sis and Project Su <br />ppo <br />5 000 <br />E. The additaonal $28 851 will be s lit 50150 behveen New & Exisan Indust Ex enses. <br />rurc <br />3. Existin Obli ations in Bud et <br />$28 851 <br />T t WE r- 7 7 <br />A. Chamber ContracdDe ot Office Lease <br />$64,000 <br />B. Incubator and SBDC Su ort <br />95,500 <br />C. Retail Attractions Contract <br />33,000 <br />D. Rachel Scho Mazketin & Research Gontract <br />17,000 <br />E. Cam bell's Sou Solar Project Incentive <br />T 00 000 <br />F. TCIM Incentive <br />125,000 <br />G. Project Fresh Air Incentive <br />250,000 <br />H. Ro ers-Wade Incentive <br />M000 <br />Total Bud eted Obii iaons <br />$710 500 <br />4. New & Existin Industry Pro'ects Ba[ance <br />Available Balance as of 10/31 <br />$407 699 <br />A. Diversity Initiative (PEDC Share) _ <br />30,000 <br />B. Paris Livin A reement <br />10,000 <br />C. Addiiional Fixed Costs <br />28,851 <br />D. Research 360°Anaf st & EMSI Tools $15 995 total with $5 422 redirecicd <br />10,575 <br />E. Richard Seline Contract Extension Fees + Expenses <br />70,000 <br />F. 5 Strate ies Bud ct Allocation to 5 Workin Teams <br />200,000 <br />G. Available Balance in New & Existing Industry Projects <br />58 273 <br />14 <br />' ` 26 <br />