Page 131 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT
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SCHEDULE A - Estimated Cost for Economic Development Corporation
2025-2026
Salary/ Benefits Personnel
Department Tasks performed for the EDC Estimated hours Estimated Cost
City Secretary - TOTAL Records Retention/PIA/Minutes/Resolutions/Agenda Posting 416 $21,600
Asst. to the City Secretary 10% Records Retention/PIA 208 $7,000
City Secretary 10% Agenda Prep/Minutes/Resolutions/Posting 208 $14,600
Financial Reporting, Budget, Annual Report, Audit, Purchasing,
Finance - TOTAL Accounts Payable 65 $4,500
Finance Director & Asst. FD- Total 55 Monthly Report/Accounting and Finance 20 $4,100
EDC Attendance 5
Annual Budget/Annual Report/Audit 30
Purchasing personnel - Total 10 Purchasing/Accounts Payable 10 $400
Information Technology - TOTAL Marketing /Website/Projects/Updates 1768 $77,600
Communications Specialist/PIO 85% of Media Specialist Position 1768
Public Works/Parks - TOTAL Project Coordination/Oversight 495 $20,200
City Manager's Office EDC Director, Business Retention, Economic Development Duties $198,400
EDC Coordinator 100% Economic Development Coordinator position salary & benefits 2080 $81,300
EDC Director (City Manager) 50% City Manager salary & benefits 1040 $117,100
Sub-total $322,300
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 $15,200
Sub-total $18,900
GRAND TOTAL $341,200
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