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Paris Economic Development Corporation
<br />Business Plan - 2012 -2014
<br />Current PEDC FY 2011 -12 Budget Review
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<br />Budget Item
<br />Amount
<br />1. Current Budgeted Fixed Operating Costs
<br />A. FT Salary, Benefits & Auto SG & SB
<br />$241,945
<br />B. Supplies, Postage, Phone Util., Equip., Publications, Ins.,/Bonds
<br />26,450
<br />C. Travel Food, Misc., Training, Memberships
<br />45,500
<br />D. Advertising
<br />40,000
<br />E. Industrial Park Maintenance
<br />18,000
<br />F. Audit
<br />5,000
<br />Total Current Fixed Costs
<br />$376,895
<br />Proposed Added Costs for FYI1 -12 See 2. Below
<br />W-5-1
<br />Total Revised Fixed Costs
<br />S405746
<br />2. Proposed Staff Additions to Fixed Operating Costs
<br />A. Shannon Jones from PT to FT w/Benefits +$10101 FYI 1 -12, +$13,468 Yr. 2
<br />$10,101
<br />B. Fred Green transition to Project Manager Role o Cost
<br />C. Create new Incubator Operations Manager Position to assume day -to -day operations by
<br />October 2012 hired July 2012 (+S13,750 FYI 1 -12, +$55,000 Yr. 2
<br />13,750
<br />D. Add College Intern for Data Analysis and Project Support +$5,000 annually)
<br />5,000
<br />E. The additional $28,851 will be split 50150 between New & Existin Indusa Ex enses.
<br />$28851
<br />3. Existing Obligations in Budget
<br />A. Chamber Contract/Depot Office Lease
<br />$60,000
<br />B. Incubator and SBDC Support
<br />95,500
<br />C. Retail Attractions Contract
<br />33,000
<br />D. Rachel Scbory Marketing & Research Contract
<br />17,000
<br />E. Campbell's Soup Solar Project Incentive
<br />100,000
<br />F. TCIM Incentive
<br />125,000
<br />G. Project Fresh Air Incentive
<br />250,000
<br />H. Rogers-Wade Incentive
<br />IM0000
<br />Total Bud eted Obligations
<br />$710.500
<br />4. New & Existing Industry Projects Balance
<br />Available Balance as of 10/31
<br />$407,699
<br />A. Diversity Initiative PEDC Share
<br />30,000
<br />B. Paris Living Agreement
<br />10,000
<br />C. Additional Fixed Costs
<br />28,851
<br />D. Research 360 °Anal st & EMSI Tools ($15,995 total with $5,422 redirected
<br />10,575
<br />E. Richard Seline Contract Extension Fees + Expenses)
<br />70,000
<br />F. 5 Strategies Budget Allocation to 5 Working Teams
<br />200,000
<br />G. Available Balance in New & Existing Industry Projects
<br />58,273
<br />14
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