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
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