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General Fund
Economic Development
DEPARTMENT SUMMARY
Change from FY2021
FY2020 FY2021 FY2021 FY2022
Adopted
Final Adopted Adjusted Adopted Amount %
Use of Money & Property 137,512 147,341 147,341 147,341 - 0.00%
Other 13,100 9,702 9,702 9,702 - 0.00%
Transfer In 676,584 676,584 676,584 819,963 143,379 21.19%
Revenue $ 827,196 $ 833,627 $ 833,627 $ 977,006 $ 143,379 17.20%
Salaries & Benefits 2,482,141 1,573,071 1,573,071 1,674,939 101,868 6.48%
Gen Operating & Maintenance 26,430,584 26,492,552 29,709,682 34,084,175 7,591,623 28.66%
Transfer Out & Other 2,313,837 1,210,641 1,210,641 5,691,893 4,481,252 370.16%
Expenses $ 31,226,562 $ 29,276,264 $ 32,493,394 $ 41,451,007 $12,174,743 41.59%
2021 2022 Change
Fund AP FTE AP FTE AP FTE
General Fund 13.00 13.00 13.00 13.00 - -
Grant Funds 4.00 4.00 4.00 4.00 - -
Total 17.00 17.00 17.00 17.00 - -
DEPARTMENT PURPOSE AND GOALS
The Economic Development Department pursues high-wage job growth and a more sustainable tax base, driven
less by residential property valuation and more by commercial and industrial investment; and has a commitment
to "quality of place" throughout the community. This effort is to support the vision to compete successfully on
the national and international stage for creative, high-growth businesses and the talented individuals who fuel
them. The Economic Development Department accomplishes this through multiple divisions.
The Administration Division oversees the development and implementation of departmental goals, objectives,
policies and priorities as well as overall operational activities including budget, payroll, and human resources
functions.
The Strategic Development and Revitalization team is responsible for business recruitment and retention, small
business support, entrepreneurship initiatives, oversight of the tax increment financing districts (TIF) and public
improvement districts (PID), targeted area redevelopment, and administration of component units including the
Local Development Corporation. The team is primarily responsible for the implementation of the Economic
Development Strategic Plan Initiative which was accepted by City Council in FY2018.
The Department assumed oversight of the Public Improvement Districts during FY2021.
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