Page 206 - Grapevine FY23 Adopted Budget (1)

FY 2022-23 APPROVED OPERATING BUDGET
4B ECONOMIC DEVELOPMENT SUMMARY
ADMINISTRATION DIVISION
124-124-001

2019-20 2020-21 2021-22 2021-22 2022-23
EXPENDITURES BY OBJECT Actual Actual Budget Estimate Approved

Personnel 523,166 376,432 416,902 503,705 529,366
Supplies 26,376 1,840 5,600 11,987 10,400
Maintenance 16,132 - - - -
Services 2,672,875 1,914,404 1,568,716 1,905,563 1,848,056
Insurance 56,816 51,022 81,827 81,885 81,859
Transfers 1,707,394 2,015,565 1,680,403 1,752,907 1,715,319
Total 5,002,759 4,359,263 3,753,448 4,256,047 4,185,000

OBJECTIVES

- Proactively execute business development strategy and identify quality business prospects
- Strategically plan inbound economic development marketing strategy.
- Provide excellent customer service for key business stakeholders
- Facilitate cross-departmental collaboration to increase the efficiency and impact of City programs

2019-20 2020-21 2021-22 2021-22 2022-23
PERFORMANCE INDICATORS Actual Actual Budget Estimate Approved

Marketing & Research:
Retail and transit oriented development study - 1 1 0 N/A
Complete a market and site context analysis on 185 acre
City owned tract - 1 1 2 N/A
Project map/analysis for City Council N/A N/A N/A N/A 1
Salesforce contacts N/A N/A N/A N/A 100
Web visitors N/A N/A N/A N/A 2,000
Newsletter subscribers N/A N/A N/A N/A 100
Social - Net Positive Engagements 200 300 300 300 5,000
BRE & New Business Development:
Local business visits 100 120 400 160 N/A
Presentations to Chamber of Commerce and ED 12
partnership meetings 12 6 12 N/A
Network and retention events attended 18 20 5 20 N/A
Leads obtained from network and retention events 35 60 15 60 N/A
Trade shows/conferences attended 5 5 0 5 10
Broker/Multiplier Outreach 20 30 15 30 50
Business Retention & Expansion (BRE) N/A N/A N/A N/A 50
Startup support N/A N/A N/A N/A 20
Project management N/A N/A N/A N/A 20
Planning meetings N/A N/A N/A N/A 24
Small business support N/A N/A N/A N/A 20

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