14 - PEDC 2016-2017 ANNUAL BUDGETItem No. 14
memorandum
TO: City Council
John Godwin, City Manager
FROM: Michael Paris, PEDC Executive Director
SUBJECT: PEDC 2016 -2017 ANNUAL BUDGET
DATE: July 18, 2016
BACKGROUND: The Paris EDC Board will be meeting on July 21, 2016, to discuss and
possibly approve a budget for fiscal year 2016 -2017.
STATUS OF ISSUE: The PEDC Board will be discuss and possibly approve the attached 2016-
2017 Budget on July 21, 2016, and requests that it be approved by the City Council as required
by the PEDC bylaws. If the PEDC Board makes any changes to the 2016 -2017 Budget, the
Executive Director will inform the City Council of those changes.
BUDGET: N/A
RECOMMENDATION: Motion to approve the proposed 2016 -2017 PEDC Budget.
2016 -2017 PEDC BUDGET
Acct #
Account Name
BUDGET 2016 -2017
NOTES & CHANGES
PERSONNEL
0101
Salaries & Wages
139.200.00
0102
Social SeCUTI /Medicare (6.2 %/1.45%
10,650.00
0103
Retirement
10,800.00
0104
Insurance Benefits:
12,000.00
0105
Workers Comp. Ins. (.44 %)
526.00
TOTAL PERSONNEL EXPENSES
173,176.00
ADMINISTRATION
0201
Office Supplies
5,500.00
0202
Postage
500.00
0301
Tel hone /Communication
3,000.00
0302
Car Allowance
10,000.00
0303
Insurance & Bonds
2,500.00
0304
Moving Expenses
-
0306
Travel Expenses
10,000.00
0308
Utilities
12,000.00
0310
Miscellaneous
1,000.00
0311
Association Memberships
3,500.00
0314
Staff Training
3,000.00
0348
Depot Operations
15,000.00
0355
Contract Labor RPM Staffing)
36,400.00
0357
Contract Services - Legal Fees
10,000.00
0402
Industrial Park Maintenance
14,000.00
0605
Auditing Services
8,000.00
1002
lMachtery, Tools & Equipment
5,000.00
TOTAL ADMINISTRATION
139,400.00
MARKETING AND PROMOTION
Secure Jobs/Retention/Bus.Retention & Expansion
5,000.00
Lamar County Days 2017
7,000.00
Marketing Airport as Industrial Site
10,000.00
Speculative Building Marketing 2305 NW Loop 286
5,000.00
Industry Attraction Video
10,000.00
IMarketing and Promotion
75,000.00
0315
ITOTAL MARKETING AND PROMOTION
112,000.00
TOTAL OPERATING EXPENSES
424 576.00
JOB TRAINING- DIRECT INCENTIVES -DEBT SERVICE- CAPITAL INCENTIVES
JOB TRAINING
Campbells/KC -ACT WorkKeys
10,000.00
0047
Bodyguard Traning Incentive
13,371.00
0060
Results Training Incentive
50,000.00
High Demand Job Training Match Grant
25,000.00
0318
TOTAL JOB TRAINING
98,371.00
DIRECT BUSINESS INCENTIVES
0044
Paris Lakes
250,000.00
0053
Potters Industries
8,000.00
TOTAL DIRECT BUSINESS INCENTIVES
258,000.00
DEBT SERVICE
PEDC Bonds 1998 (Paris Pk g.)
354,011.00
The Bank of New York ( Bond Paying Agent Fee)
750.00
TOTAL DEBT SERVICE
354,761.00
CAPITAL EXPENSES
0057 12305
NW Loop 286
TOTAL CAPITAL EXPENSES
-
TOTAL DEBT, CAPITAL & INCENTIVES
711,132.00
TOTAL BUDGET EXPENSES
1,135,708.00
2016 -2017 PEDC Budget