Page 214 - CityofWataugaAdoptedBudgetFY24

Summary of Expenditures by Category

The Economic Development budget increased by $6,500 mainly due to the adjustment to transfers for debt
and general. There was an increase in contractual services for community relations.

FY2022 FY2023 FY2023 FY2024
Actual Adopted Projected Budget
Supplies 0 900 400 1,000
Maintenance 0 2,000 1,000 1,000
Contractual/Sundry 73,683 84,950 72,875 85,250
Capital Outlay 0 1,200 2,000 0
Transfers 767,878 419,700 419,700 428,000
Total Economic Dev. $841,548 $508,750 $495,975 $515,250

Performance Measures
Workload Indicators FY2022 FY2023 FY2023 FY2024
Actual Adopted Projected Target
Project files opened N/A 10 3 10
Jobs created N/A 35 35 35
Responses submitted N/A 155 30 50
Board meetings held N/A 12 12 12
Business retention visits N/A 120 65 60
Economic Development agreements N/A 5 3 3
Redevelopment projects N/A 5 0 2
New development projects N/A 5 2 2

N/A- new measure

FY2022 FY2023 FY2024
Measurement Strategic Goal Measure
Type Goal Actual Goal Actual Goal
Clients served # 3. Develop a
sustainable economic Quantitative N/A N/A 15 15 15
development effort.
Potential new # 3. Develop a
business sustainable economic Efficiency N/A N/A 100 30 50
calls/contacts development effort.
Small business # 3. Develop a
development sustainable economic Effectiveness N/A N/A 5 4 2
assistance development effort.

N/A- new measure

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