Page 201 - Grapevine FY22 Adopted Budget v2

FY 2021-22 APPROVED OPERATING BUDGET
4B CAPITAL IMPROVEMENTS AND
4B ECONOMIC DEVELOPMENT SUMMARY
FUNDS 122 AND 124

2018-19 2019-20 2020-21 2020-21 2021-22
EXPENDITURES BY OBJECT Actual Actual Budget Estimate Approved

Personnel Services 512,099 523,166 533,637 375,901 416,902
Supplies 9,233 26,376 5,600 1,840 5,600
Maintenance 6,712 16,132 - - -
Services 707,735 2,672,875 1,481,620 1,914,404 1,568,716
Insurance 66,293 56,816 51,141 51,022 81,827
Transfers 1,736,070 1,707,394 1,691,723 2,015,565 1,680,403
Bond Expense - - -
Total 3,038,142 5,002,759 3,763,721 4,358,732 3,753,448

OBJECTIVES

The Economic Development Department provides assistance in business attraction, relocation, and retention for the City of Grapevine. The
- department will plan, market, and direct the business recruitment, retention, and expansion programs for the City. Identifying quality business
prospects and creating and executing successful marketing campaigns to attract those businesses to Grapevine is a top priority.

Departmental goals include maintaining positive relationships with developers, brokers, and other business professionals in order to encourage
- business expansion consistent with the City's mission and vision. The department also serves as a liaison between new businesses and City
departments to assist with required permitting, utility service arrangements, building and fire codes, and zoning and occupancy issues.

2018-19 2019-20 2020-21 2020-21 2021-22
PERFORMANCE INDICATORS Actual Actual Budget Estimate Approved

Support Targeted real estate development:
- Complete a market and site context analysis on 185 acre 1 0 1 1 2
City owned tract
Business retention and new business development:
- Local business visits 50 100 120 400 160
- Broker meetings 10 20 30 15 30
- Presentations to Chamber of Commerce and ED 12 12 12 6 12
partnership meetings
- Network and retention events attended 15 18 20 5 20
- Leads obtained from network and retention events 50 35 60 15 60
- Trade shows attended 5 5 5 0 5
- Social media posts 250 200 300 300 300
Market analysis and trends:
- Retail and transit oriented development study 0 0 1 1 0

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