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BUDGET HIGHLIGHTS
The FY 14-15 Adopted Budget is increasing by $205,791, or 15.7%.
The FY 14-15 Adopted Budget includes support for the Renaissance Center and the International Civil Rights
Center and Museum.
PROGRAMS
2012-13
2013-14
2014-15
2015-16
Actual
Budget
Adopted
Projected
Appropriation
682,984
1,311,060
1,516,851
1,477,398
Full Time Equivalent Positions
0
0
0
0
2012-13
2013-14
2014-15
2015-16
Actual
Budget
Adopted
Projected
Expenditures:
Personnel Costs
50,739
0
64,751
64,751
Maintenance & Operations
632,245
1,311,060
1,452,100
1,412,647
Capital Outlay
0
0
0
0
Total
682,984
1,311,060
1,516,851
1,477,398
Total FTE Positions
0
0
0
0
Revenues:
Property Taxes
598,026
1,257,000
1,452,000
1,402,000
Other Revenue
950,000
54,060
64,851
75,398
Total
1,548,026
1,311,060
1,516,851
1,477,398
ECONOMIC DEVELOPMENT FUND
BUDGET SUMMARY
Economic Development Fund
The Economic Development Fund was established by City Council. The one-half cent set aside from Ad Valorem (Property)
Tax generates approximately $1.2 million per year. The Office of Economic Development and Business Support, established in
the FY 11-12 budget, administers the ED fund in support of a variety of City Council directed economic development initiatives.
The primary purpose of the fund is to support economic development efforts that create jobs and increase capital investment
that result in a higher quality of life. Funds set aside for Economic Development will be used to support the following
programs:
Produce original programming to assist and inform the community on business matters.
Respond to economic development opportunities that arise during the year.
Provide support to Workforce Development for Youth Programs.
Provide on-going support of outside non-profit agencies in an effort to stimulate the local economy.
Promote City Council's continuing focus on a more formalized approach to small and emerging businesses.
Provide a platform for increased exposure of local businesses and the City's partners in the small business assistance
community.
