Page 223 - City of Watauga FY22 Adopted Budget

SPECIAL REVENUE FUNDS

DEPARTMENT: ECONOMIC DEVELOPMENT
DIVISION / ACTIVITY: ECONOMIC DEVELOPMENT CORPORTATION - FUND 04

EXPENDITURES 2019-2020 2020-2021 2020-2021 2020-2021 2021-2022
ACTUAL ORIGINAL REVISED PROJECTED BUDGET
BUDGET BUDGET
Non-Departmental $0 $0 $0 $0 $0
Personnel $0 $0 $0 $0 $0
Supplies $606 $700 $1,085 $770 $1,100
Maintenance $0 $0 $0 $0 $900
Contractual/Sundry $93,402 $108,760 $117,875 $144,913 $201,690
Capital Outlay $0 $2,500 $2,500 $2,500 $3,700
Transfers $294,470 $389,284 $379,784 $378,134 $401,878
ARPA Funds Credit ($25,000) ($60,000)
TOTAL $388,478 $501,244 $501,244 $501,317 $549,268

PERFORMANCE MEASURES / SERVICE LEVELS
Input / Demand Actual 19-20 Budget 20-21Projected 20-21 Budget 21-22

Staff Dedicated N/A 0.50 0.5 0.50
Volunteers 1 5 0 0
Inquiries Received 24 25 20 20

Output/ Workload Actual 19-20 Budget 20-21Projected 20-21 Budget 21-22

Project Files Opened 5 15
Clients Served 5 15
Jobs Created 5 35
Potential New Business Calls/Contacts 85 170
Responses Submitted 20 155
Board Meetings Held 12 12

Efficiency Measures / Impact Actual 19-20 Budget 20-21Projected 20-21 Budget 21-22

M & O percentage of City budget 0.70% 1.06% 1.06% 1.03%
M & O budget per capita 16 $21.09 $21.09 $23.11

Effectiveness Measures / Outcomes Strategic Goals Actual 19-20 Budget 20-21Projected 20-21 Budget 21-22

Business Closures 3, 4 15
Business Retention Visits 3, 4, 6 200
Small Business Development 3, 4, 6 10
New Businesses Opened 3, 4 25
Redevelopment Projects 3, 4 10
New Development Projects 3, 4 5

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