Page 158 - ArlingtonFY24AdoptedBudget

General Fund

City-wide Budget Impacts

FY 2024 expenditures are impacted by compensation adjustments effective October 2023 ranging from 2%-6% that vary by job
family.

Scorecard
Economic Development FY 2021 FY 2022 FY 2023 FY 2024
Key Measures Actual Actual Estimate Target
Marketing partnership visits 80 207 100 100
Recruitment leads 54 37 90 90
Leads to prospects 38 39 60 60
On-Site Business Visits 126 168 100 100
Royalties from real estate holdings $4,518,476 $9,247,276 $6,500,000 $6,500,000
Recruitment related events attended 6 5 15 10
ROW Permits Issued 697 870 900 1,000
ROW Permit Damage Investigations 58 137 100 100
ROW Complaints Investigated/Resolved 161 320 110 250
Recovery of Damage Claims $228,455 $182,734 $200,000 $300,000

Economic Development Expenditures

Actual Budgeted Estimated Adopted
FY 2022 FY 2023 FY 2023 FY 2024
Economic Development $ 543,952 $ 794,970 $ 685,807 $ 831,319
Land Bank 597,139 797,490 809,190 814,685
TOTAL $ 1,141,091 $ 1,592,460 $ 1,494,997 $ 1,646,004

Authorized Positions and Expenditures by Category

Actual Budgeted Estimated Adopted
FY 2022 FY 2023 FY 2023 FY 2024
Authorized Positions 10 11 11 11

Personnel Services $ 874,531 $ 1,220,459 $ 1,269,958 $ 1,266,746
Operating Expenses 266,561 372,001 225,039 379,258
Capital Outlay - - - -
TOTAL $ 1,141,091 $ 1,592,460 $ 1,494,997 $ 1,646,004

FY 2024 Adopted Budget and Business Plan 149 City of Arlington, Texas