2020 City of Shakopee Budget

132

2020 Annual Budget

Economic Development Authority

Fund:

Description of Services:

The EDA does not currently constitute a separate department, but instead represents a number of services offered by the City related to economic development. These services are overseen by the Planning and Development Director with the assistance of the Economic Development Specialist and other staff as required. The EDA Board is comprised of the City Council Members. The City Administrator is also the Executive Director of the EDA.

Budget:

Original Budget

Revised Budget

Actual

Actual

Budget

Expenditures by Category

2017

2018

2019

2019

2020

Personnel

$

90,319 474,813 90,120

$

147,677 569,107 650,232 48,926

$

190,800 146,700 25,000

$

191,900 198,235 77,500

$

197,800 116,485 50,000

Supplies and Services

Miscellaneous Capital Outlay

1,111,393

-

-

-

Totals

1,766,645 $

1,415,942 $

$

362,500

$

467,635

$

364,285

Dedicated Revenues

$

87,061

$

863,571

$

363,000

$

402,000

$

350,000

Expenditures by Category and Dedicated Revenue

$- $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 $2,000,000

Capital Outlay Miscellaneous Supplies and Services Personnel Dedicated Revenues

Actual 2017

Actual 2018

Budget 2019

Budget 2020

Key Measures:

5

6

9

10

Actual

Actual

Projected

Projected

2017

2018

2019

2020

Overall Improvement Value of Façade Loans Façade Loans Granted # of Façade Loans Grants Received for Economic Development Number of Employees (FTEs)

1.0

1.3

1.5

1.5

242,916 38,958

236,900 115,000

0 0 0

TBD TBD TBD TBD

2 0

3

400,000

30,000