Page 167 - Watauga FY21 Budget

SPECIAL REVENUE FUND

DEPARTMENT: ECONOMIC DEVELOPMENT
DIVISION / ACTIVITY: ECONOMIC DEVELOPMENT CORPORATION - FUND 04
OPERATED AS PDC
EXPENDITURES 2016-2017 2017-2018 2018-2019 2019-2020 2019-2020 2020-2021
ACTUAL ACTUAL ACTUAL BUDGET PROJECTED/ BUDGET
(ORIGINAL) REVISED
Non-Departmental $14,807 $15,505 $19,837 $0 $0 $0
Personnel $393,284 $433,236 $410,747 $0 $0 $0
Supplies $44,874 $44,413 $47,591 $2,200 $1,000 $700
Maintenance $62,453 $68,694 $52,680 $4,000 $0 $0
Contractual/Sundry $94,699 $113,786 $138,691 $148,450 $109,260 $108,760
Capital Outlay $7,695 $6,200 $5,500 $7,500 $2,500 $2,500
Transfers $36,285 $36,443 $50,900 $294,470 $294,470 $389,284
TOTAL $654,097 $718,277 $725,946 $456,620 $407,230 $501,244

PERFORMANCE MEASURES / SERVICE LEVELS
Input / Demand Actual 18-19 Budget 19-20 Projected 19-20 Budget 20-21

Staff Dedicated PREVIOUSLY 1.50 1.5 N/A
Volunteers PDC 2 2 5
Inquiries Received 20 20 25

Output/ Workload Actual 18-19 Budget 19-20 Projected 19-20 Budget 20-21

Project Files Opened PREVIOUSLY 5 10 15
Cilents Served PDC 5 10 15
Jobs Created 5 26 35
Potential New Business Calls/Contacts 85 158 170
Responses Submitted 20 147 155
Board Meetings Held 12 12 12

Efficiency Measures / Impact Actual 18-19 Budget 19-20 Projected 19-20 Budget 20-21

M & O percentage of City budget PREVIOUSLY 0.82% 0.73% 1.06%
M & O budget per capita PDC $19.34 $17.25 $21.09

Effectiveness Measures / Outcomes Goals Actual 18-19 Budget 19-20 Projected 19-20 Budget 20-21

Business Closures 1, 4 2 10 15
Business Retention Visits 1, 4 PREVIOUSLY 200 141 200
Small Business Development 1, 4 PDC 4 8 10
New Businesses Opened 1, 4 10 19 25
Redevelopment Projects 1, 4 2 3 10
New Development Projects 1, 4 3 5 5

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