Page 224 - City of Watauga FY22 Adopted Budget

SPECIAL REVENUE FUNDS

BUDGET CHANGES

Fiscal Year 2021-2022 Compared to Fiscal Year 2020-2021 Original Budget

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

DESCRIPTION CATEGORY ONE-TIME ON-GOING CHANGE EXPLANATION

CHANGES:
Business Retention - Special Services Contractual/Sundry ($140) Adjustment in Business Milestones
Business Retention - Contractual Svs Contractual/Sundry $1,950 Bludot Subscription Addition
Business Retention - Contractual Svs Contractual/Sundry $30,000 Small Business Dev. Program Addition
Business Retention - Contractual Svs Contractual/Sundry ($3,000) Retail Development In-House Deletion
Business Retention - Contractual Svs Contractual/Sundry $20,000 Support Local Programs Addition
Business Retention - Contractual Svs Contractual/Sundry $25,000 Give & Get Program Phase 2
Business Retention - Events Contractual/Sundry $500 Business Expo/Small Bus. Week Increase
Business Attraction - Advertising Contractual/Sundry $4,100 WEDC Logo Items Increase
Business Attraction - Advertising Contractual/Sundry $2,400 Shop SmallSaturday Addition
Business Attraction - Advertising Contractual/Sundry $500 Small Business Week Campaign Addition
Business Attraction - Advertising Contractual/Sundry $1,000 Luv Local Stickers Addition
Business Attraction - Advertising Contractual/Sundry $500 Explore Watauga Campaign Addition
General Admin. - Wearing Apparel Supplies $400 Apparel for Staff & Board Members
General Admin. - Software Maintenance Maintenance $900 Adobe Suite for Media Specialist
General Admin. - Travel Expense Contractual/Sundry ($600) Economic Dev. Strategic Plan Deletion
General Admin. - Travel Expense Contractual/Sundry $750 Retail Live Addition
General Admin. - Travel Expense Contractual/Sundry $250 Sales Tax Workshop Addition
General Admin. - Travel Expense Contractual/Sundry $3,900 TEDC Basic Training for Board Addition
General Admin. - Travel Expense Contractual/Sundry $2,000 TML ED Conference Addition
General Admin. - Travel Expense Contractual/Sundry $500 IEDC Conference Cost Adjustment
General Admin. - Dues/Subscriptions Contractual/Sundry $50 TEDC Membership Dues Cost Adjustment
General Admin. - Dues/Subscriptions Contractual/Sundry ($505) ED Marketing Deletion
General Admin. - Dues/Subscriptions Contractual/Sundry ($505) IEDC ED Strategies Deletion
General Admin. - Dues/Subscriptions Contractual/Sundry $300 Retail Live Addition
General Admin. - Dues/Subscriptions Contractual/Sundry $500 Sales Tax Workshop Addition
General Admin. - Dues/Subscriptions Contractual/Sundry $500 TML ED Conference Addition
General Admin. - Training Contractual/Sundry $700 ED Training for Board Members Adjustment
General Admin. - Printing & Binding Contractual/Sundry $1,000 Strategic Plan Document Addition
General Admin. - Printing & Binding Contractual/Sundry $30 General Costs Increase Adjustment
General Admin. - Contractual Services Contractual/Sundry ($8,750) GIS Consulting Services Deletion
General Admin. - Contractual Services Contractual/Sundry $10,000 Gov Pilot Subscription Addition
General Admin. - Other Equipment Capital Outlay $1,200 Camera for Media Specialist
Transfer to General Fund Transfers $12,594 Allocation Adjustment
ARP Funds Credit ($60,000) ARP Funding Adjustment

TOTALS: $21,206 ($69,230)
($48,024) NET INCREASE/DECREASE

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