Page 233 - CityofWataugaAdoptedBudgetFY25
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SCHEDULE A - Estimated Cost for Economic Development Corporation
2024-2025
Salary/ Benefits Personnel
Department Tasks performed for the EDC Estimated hours Estimated Cost
City Secretary - TOTAL Records Retention/PIA/Minutes/Resolutions/Agenda Posting 416 $18,252
Asst. to the City Secretary 10% Records Retention/PIA 208 $6,529
City Secretary 10% Agenda Prep/Minutes/Resolutions/Posting 208 $11,723
Financial Reporting, Budget, Annual Report, Audit, Purchasing,
Finance - TOTAL Accounts Payable 62 $3,978
Finance Director & Asst. FD- Total 45 hours Monthly Report 5 $3,242
EDC Attendance 5
Annual Budget/Annual Report/Audit 30
Financial Analyst Monthly Report 12 $428
Purchasing personnel Purchasing/Accounts Payable 10 $309
Information Technology - TOTAL Marketing /Website/Projects/Updates 1768 $69,223
Media Specialist 85% of Media Specialist Position 1768
Public Works/Parks - TOTAL Project Coordination/Oversight 125 $8,464
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City Manager's Office EDC Director, Business Retention, Economic Development Duties $192,812
EDC Coordinator 100% Economic Development Coordinator position salary & benefits 2080 $75,837
EDC Director (City Manager) 50% City Manager salary & benefits 1040 $116,976
Sub-total $292,730
Other Items
Annual Audit Allocation 4% of Total $2,500
Codification Fees 15% of Total $1,200
Mowing of EDC project sites 9 times per year $15,210
Sub-total $18,910
GRAND TOTAL $311,640
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