Page 210 - Watauga FY22-23 Budget

SPECIAL REVENUE FUND

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

EXPENDITURES 2019-2020 2020-2021 2021-2022 2021-2022 2022-2023
ACTUAL ACTUAL BUDGET PROJECTED BUDGET
w/amendment
Supplies $606 $1,051 $1,100 $300 $900
Maintenance $0 $0 $900 $0 $2,000
Contractual/Sundry $93,402 $97,922 $141,690 $69,500 $84,950
Capital Outlay $0 $0 $3,700 $0 $1,200
Transfers $294,470 $379,784 $776,878 $776,878 $419,700
TOTAL $388,478 $478,757 $924,268 $846,678 $508,750

PERFORMANCE MEASURES / SERVICE LEVELS
Input / Demand Actual 20-21 Budget 21-22 Projected 21-22 Budget 22-23

Staff Dedicated 0.50 0.50 1.00 2.0
Volunteers 0 0 0 0
Inquiries Received N/A 20 10 20

Output/ Workload Actual 20-21 Budget 21-22 Projected 21-22 Budget 22-23

Project Files Opened N/A N/A 5 10
Cilents Served N/A N/A 10 15
Jobs Created N/A N/A 25 35
Potential New Business Calls/Contacts N/A N/A 55 100
Responses Submitted N/A N/A N/A 155
Board Meetings Held N/A 12 12 12

Efficiency Measures / Impact Actual 20-21 Budget 21-22 Projected 21-22 Budget 22-23

Percentage of City Budget 0.010 0.017 0.016 0.008
Budget per Capita 20.14 38.88 35.62 20.85

Effectiveness Measures / Outcomes Goals Actual 20-21 Budget 21-22 Projected 21-22 Budget 22-23

Business Retention Visits 3 N/A N/A 120 120
Small Business Development Assistance 3, 4, 6, 7 N/A N/A N/A 5
Economic Development Agreements 3, 4, 11 N/A N/A 2 5
Redevelopment Projects 3, 4 N/A 20 0 5
New Development Projects 3, 4 N/A 2 2 5

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