6.2 EDSR 08-21-2017 Ell „ Request for Action
River
To Item Number
Economic Development Authority 6.2
Agenda Section Meeting Date Prepared by
General Business August 21,2017 Amanda Othoudt, EDD
Item Description Reviewed by
2018 EDA Budget and Resolution Establishing Cal Portner, City Administrator
EDA Levy Reviewed by
Action Requested
1. Review and approve the 2018 EDA Budget as presented.
2. Approve,by motion, the attached resolution establishing the EDA Tax Levy for collection in
year 2018.
Following the EDA's action, the City Council must approve and certify the EDA levy to Sherburne
County by September 30,2017.
Background/Discussion
At the July 17,2017,Special Budget Workshop, the EDA reviewed the performance measures/goals and
budget for 2017.
Revenues
The budget proposes maintaining the general operating levy at 0.01813% of estimated market value,
which is the state cap.
Revenues estimated from the EDA tax levy are based on an estimated market value of$2,119,094,900 per
the Sherburne County Assessor,generating$384,191. In addition to the tax levy,we also calculate interest
income of$5,500 and$3,500 transfer from the HRA for supplies and shared costs.
Expenditures
The proposed 2018 budget was developed with the goals and action steps outlined in the 2017-2020
EDA Strategic Plan,the Mississippi Connections Downtown Plan,city vision and goals,and the
Branding Implementation Plan.
Major initiatives from these documents include:
• Contact and Network directly with real estate developers,and target industry decision makers.
• Grow and maintain an inventory of private and public properties available for future
development.
• Establish a wetland bank to facilitate new development where wetlands impede growth.
• Maximize and leverage state,regional and local financial incentives to enhance economic
development.
• Continue to participate in the Department of Employment and Economic Development's
Positively Minnesota Marketing program.
rerIHEu rr
NATURE
• Celebrate and grow our existing businesses by conducting 24 BR&E visits in 2018.
• Market the city of Elk River as a destination.
Major Changes
Direction from the budget workshop included the following changes:
Office Supplies
Office Supplies were decreased by$1,200 in 2018.
Telephone
This line item was decreased by$350 due to the elimination of an ipad.
Postage
Decreased by$800 due to utilizing email and social media outlets in place of mailings.
Conferences and Schools
Adjustments were made resulting in a increase of$1,700 over last year in order to attend the International
Economic Development Council (IEDC) conference. Staff did not attend in 2017. This will be budgeted
for every other year.Additions were made to this line item to include conference registration and travel to
the MADCE—Data Center Conference.
Advertising and Marketing
Advertising and Marketing in 2018 include advertising production and publication for global and national
publications,resulting in a decrease of$7,200 over the previous year. The decrease accounts for savings
realized by partnerships with DEED,the MN Marketing Partnership and Sherburne County.
Dues and Subscriptions
An increase of$450 was made to this line item to include an additional membership within our
department to Greater MSP and Salesforce.
Miscellaneous
In addition to contributing to the Initiative Foundation,a$30,000 increase was made to the wetland bank
to assist in facilitating new development where wetlands impede growth. This is the most significant
change to the budget year over year.
Any unspent funds remaining at the end of the year stay in the EDA fund for future economic
development purposes/projects. If a non-budget item comes up in 2018,we can use the fund balance and
make a budget amendment.
Financial Impact
The 2018 expenditure budget is $328,750,an increase of 12 percent over the previous year.
Attachments
• Resolution
• Proposed 2018 Budget Detail Spreadsheet
• July 17,2017,EDA Budget Workshop Packet
City at
"4*..„
Elk
River
Resolution 17-05
A Resolution of the City of Elk River Economic Development Authority,
Establishing the Tax Levy for the Elk River Economic Development
Authority for the City of Elk River, Minnesota
WHEREAS, Minnesota Statutes §469.107, subd. 1,authorizes the Economic
Development Authority to levy an amount not to exceed .01813 percent of the estimated
market value within the city to be used for economic development purposes;and,
WHEREAS, the Elk River Economic Development Authority will adopt and approve its
budget and will forward such to the City of Elk River pursuant to Minnesota Statutes
§469.100, subd. 2.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority
in and for the City of Elk River,Minnesota,that it hereby requests the City Council of the
City of Elk River to levy a tax in the amount of.01813 percent of the taxable market value in
the city for the year 2018 for the benefit of the Authority to be used for Economic
Development Authority purposes as provided by the statute.
Passed and adopted this 21" day of August,2017.
Dan Tveite,EDA President
Al TEST:
Amanda Othoudt,EDA Executive Director
PD / E A E ® u r
NATURE
2018 BUDGET DETAIL SHEET
Dept: Economic Development Authority
Acct. Explanation/Detail of Supplies or Services 2014 2015 2016 2017 BUDGET 2018 BUDGET
No. Actual Actual Actual Detail I Total Detail I Total
PERSONAL SERVICES
4101 Regular Pay 58,534 69,319 84,571 89,750 94,850
4103 Part-time Pay 17,413 13,579 12,600 12,600 12,600
4104 PERA 4,129 5,406 6,535 7,250 7,450
4105 FICA 4,797 4,634 5,448 6,350 6,650
4107 Medicare 1,122 1,136 1,318 1,500 1,550
4108 Insurance 7,463 8,620 10,735 11,600 12,550
4109 Workers Comp 287 278 398 450 500
4110 Re-employment Comp 377
TOTAL PERSONAL SERVICES 94,122 102,972 121,605 129,500 136,150
SUPPLIES
4201 Office Supplies 4,756 3,690 4,310 4,600 3,400
Office supplies 2,700 1,500
Computer Software/Licensing(MNCAR,Sketchup,etc.) 1,900 1,900
4212 Fuels&Lubes 11 184 120 2,100 400
Unleaded gas 2,100 400
TOTAL SUPPLIES 4,767 3,874 4,430 6,700 3,800
OTHER SERVICES&CHARGES
4304 Legal Fees 9,187 388 8,951 11,000 11,000
Misc. 11,000 11,000
4319 Other Professional Services 28,999 17,000 2,000
ED Strategic Plan
4321 Telephone 357 911 922 1,350 1,000
iPad data plan(Colleen-$30/mo) 375
Cell phone reimb.(Colleen-$30/mo) 375 400
Cell phone w/hotspot(Amanda-$50/mo) 600 600
4322 Postage 326 250 278 1,100 300
Marketing mailings 1,100 300
4331 Conferences/Schools 8,424 14,729 18,632 11,150 12,850
EDAM 3,500 500
Annual IEDC Conference 2,700
Chamber Events 500 250
MREJ 600 400
MNCAR 150 150
CMMA 500 250
SLUG 300 -
Springsted 400 400
Ehlers 200 200
Site Selector Conference 2,500 2,500
Site Selector Conference Travel 1,500 1,500
Misc.training 1,000 1,000
MADCE-(Data Center Conference) 3,000
4349 Advertising/Marketing 62,255 78,109 72,945 80,600 73,400
Community Profiles 1,500 1,500
Advertising(Production&Publication) 20,000 17,500
Direct Mailings 1,500 1,500
Business Retention&Expansion Visits 800 -
Promo items 10,000 10,000
Special events 5,000 2,500
8/17/2017
Dept: Economic Development Authority
Acct. 2014 2015 2016 2017 BUDGET 2018 BUDGET
No. Explanation/Detail of Supplies or Services
Actual Actual Actual Detail I Total Detail I Total
Sponsorships(City/EDA) 10,000 11,000
Zoom Prospector Application for Website 1,900 2,400
Trade Shows&Lead Generation(includes travel) 19,950 16,000
EDA Website(EDA share-1/2 EDA&1/2 HRA) 5,700 5,700
Lead Forensics(Shared by EDA/HRA) 1,200
Promotion&Awards 250 1,100
Powered by Nature sponsorships 3,000 2,000
Holiday card marketing 1,000 1,000
4359 Publishing 357 149 258 350
Public notices,etc 350 350
4361 Insurance 45 87 200
Insurance 200 100
4433 Dues/Subscriptions 1,606 2,575 4,062 4,750 5,20c1
EDAM 450 450
Chamber 480 480
Constant Contact 300 300
CMMA 250 250
MNCAR 300 300
IEDC 820 820
Misc. 300 300
Greater MSP/Salesforce License 450
Finance and Commerce 300 300
Rotary 250 250
MN Marketing Partnership 700 700
MAEDC 300 300
MPLS/ST Paul Business Journal 300 300
4440 Miscellaneous 216,814 11,882 88,900 13,000 48,000
Initiative Foundation 3,000 3,000
Wetland credit bank 10,000 45,000
TOTAL OTHER SERVICES&CHARGES 328,325 126,038 197,035 123,500 152,200
TRANSFERS OUT
34,800 36,600
4720 Transfers 568,000 - -
4721 General Fund 31,900 32,000 34,800 34,800 36,600
TOTAL ECONOMIC DEVELOPMENT AUTHORITY 1,027,114 264,884 357,870 294,500 328,750
8/17/2017
Division Performance Measures & Goals for 2018
Division: Economic Development
Completed by: Amanda Othoudt, EDD
Date: July 13, 2017
Performance Measure 2016 Actual 2017 Estimated 2018 Projected
Conduct BR&E Visits 13 24 24
Personally connect with developers to
tour available properties to entise
development of available properties 4 5 6
Promote new applications for the
Revolving Loan Fund Programs and
track the the percentage of applications
processed to the total numbers of leads
received. 3 Applications Processed 3 Applications Processed _3 Applications Projected
Related Vision Statement
Division Goal Goal/Objective Comments
Gain Positive Exposure for the city Attending networking events,trade shows, Strategic Recruiting:Attend targeted industry(Data Centers,Manufacturing,
conferences,and site selector events Energy,Medical Device Technology)trade shows,leverage opportunities
with local companies as often as possible by participating in the trade
shows that they attend.Identify key decision makers,provide FAM tours of
city,coordinate development meetings with City/County/State.Partner with
Positively MN,Sherburne County and ERMU.Promote Available properties
on MNCAR and MN Prospector.Attend Annual Site Selector Guild
Conference.
Grow and maintain an inventory of Establish a wetland bank to facilitate new share responsibility with EDA and Environmental Departments
private and public properties available development where wetlands impede growth
for future development
Maintain financial incentives to enhance Maximize and Leverage DEED monies, Support DEED Programing with local state representatives
economic development Initiative Foundation,Sherburne County
Revolving Loan Fund and other financial
tools and incentives.
Celebrate and grow our existing Conduct Business,Retention and Expansion Conduct BR&E Visits and gauge the interest of starting a manufacturing
businesses visits to local businesses cohort group on a quarterly basis.
Market the city of Elk River as a Contact&Network with Key Stakeholders in Strategic Recruiting:Attend targeted industry(Data Centers,Manufacturing,
destination the Targeted Industries including Real Energy,Medical Device Technology)trade shows,leverage opportunities
Estate Brokers/Agents. with local companies as often as possible by participating in the trade
shows that they attend.Identify key decision makers,provide FAM tours of
city,coordinate development meetings with City/County/State.Partner with
Positively MN,Sherburne County and ERMU.Promote Available properties
on MNCAR and MN Prospector.Attend Annual Site Selector Guild
Conference.
Special Meeting
of the Monday,July 17, 2017
E lk Economic s:oo p.m.
�.�-� Elk River City Hall
River Development Upper Town
Authority
Meeting Protocol
AGE N DA • No sidebar discussions
• No interruptions
• State your concern
• I?nsure you understand
• Don't take things personally
I. CALL MEETING TO ORDER • adhere to time limits
• Come prepared
• Ensure all are heard
2. CONSIDER AGENDA
3. GENERAL BUSINESS - . - .. -,
3.1 EDA 2018 Budget and Goals
4. ADJOURNMENT
1
WIEnE , er
NA ?E
Elk -....-1 Request for Action
River
To Item Number
Economic Development Authority 3.1
Agenda Section Meeting Date Prepared by
N/A July 17,2017 Amanda Othoudt,EDD
Item Description Reviewed by
2018 EDA Budget&Budget Goals Cal Portner,City Administrator
Reviewed by
Action Requested
Information presented for discussion only. Action is to be taken at the August 21,2017,EDA meeting.
Background/Discussion
As part of the budget process,a budget workshop is advisable to allow for informal discussions regarding
the goals and objectives,major projects,and other items influencing the EDA budget.
Staff prepared a draft budget to address several of the goals outlined in the strategic plan, downtown plan,
the city's vision worksheet,and through recent EDA discussion. In order to meet the requirements of
the EDA Bylaws, the EDA must approve the budget at their August 21,2017,regular meeting and make
recommendation to the City Council at the September 4,2017,regular meeting.
As drafted,the proposed expenditures are$328,300. Major initiatives include a small increase in
expenditures to attend the 2018 IEDC conference,slight decrease in advertising and marketing due to the
partnership with Sherburne County and the Positively Minnesota Marketing Partnership,increase in
wetland bank credits which will be a shared initiative between the EDA and the Environmental divisions.
The EDA levy options are as follows:
1) 0.0151%-Estimated balanced rate generates $319,300 in revenue and wouldn't add or draw
against reserves.
2) 0.01813% -Previous/Maximum rate will generate approximately$384,000 in revenue and would
add additional revenue into reserves.
All levy options are applied against the Estimate Market Value that will be obtained from Sherburne
County. In addition to the tax levy,we also calculate interest income of$5,500 and$3,500 transfer from
the I IRA for supplies and shared costs.
Financial Impact
None
Attachments
• EDA 2018 Budget Goals
• 2017-2020 EDA/HRA Strategic Plan
• EDA Budget Worksheet
I / I E I E I 1 1
NATURE
Division Performance Measures & Goals for 2018
Division: Economic Development
Completed by: Amanda Othoudt, EDD
Date: July 13, 2017
Performance Measure 2016 Actual 2017 Estimated 2018 Projected
Conduct BR&E Visits 13 24 24
Personally connect with developers to
tour available properties to entise
development of available properties 4 5 6
Promote new applications for the
Revolving Loan Fund Programs and
track the the percentage of applications
processed to the total numbers of leads
received. 3 Applications Processed 3 Applications Processed 3 Applications Projected
Related Vision Statement
Division Goal Goal/Objective Comments
Gain Positive Exposure for the city Attending networking events,trade shows, Strategic Recruiting:Attend targeted industry(Data Centers,Manufacturing,
conferences,and site selector events Energy,Medical Device Technology)trade shows,leverage opportunities
with local companies as often as possible by participating in the trade
shows that they attend.Identify key decision makers,provide FAM tours of
city,coordinate development meetings with City/County/State.Partner with
Positively MN,Sherburne County and ERMU.Promote Available properties
on MNCAR and MN Prospector.Attend Annual Site Selector Guild
Conference.
Grow and maintain an inventory of Establish a wetland bank to facilitate new share responsibility with EDA and Environmental Departments
private and public properties available development where wetlands impede growth
for future development
Maintain financial incentives to enhance Maximize and Leverage DEED monies, Support DEED Programing with local state representatives
economic development Initiative Foundation,Sherburne County
Revolving Loan Fund and other financial
tools and incentives.
Celebrate and grow our existing Conduct Business,Retention and Expansion Conduct BR&E Visits and gauge the interest of starting a manufacturing
businesses visits to local businesses cohort group on a quarterly basis.
Market the city of Elk River as a Contact&Network with Key Stakeholders in Strategic Recruiting:Attend targeted industry(Data Centers,Manufacturing,
destination the Targeted Industries including Real Energy,Medical Device Technology)trade shows,leverage opportunities
Estate Brokers/Agents. with local companies as often as possible by participating in the trade
2016-2020 EDA/HRA Strategic Plan
BUSINESS DEVELOPMENT
Attract new businesses and support existing businesses to increase the city's industrial tax base,
commercial tax base and employment base.
INDUSTRIAL STRATEGIES
Promote available sites, encourage business retention and expansion to grow existing
light industrial base with business recruitment/attraction techniques
• Diversify economic base to include professional services, corporate campuses, energy-
related companies,and technology businesses
% Review existing programs, resources, and services and recommend improvements to
increase competitive advantage and support goals
• Explore creative economic development collaborations
Utilize Energy City and its tools to recruit new and assist existing businesses
COMMERCIAL STRATEGIES
• Promote available sites, encourage business retention and expansion to grow existing
commercial base with business recruitment/attraction techniques
• Diversify economic base to include a wide variety of retail and service industries, as well
as additional fine dining opportunities
% Review existing programs, resources, and services and recommend improvements to
increase competitive advantage and support goals
% Explore creative economic development collaborations
.- Enhance commercial district through business recruitment and activities
ACTION STEPS
• Complete minimum of one BRE visit a month with participation from EDA/HRA and Council
members (manufacturers and top employers) and distribute Business Finance Toolkit,Available
Sites, Community Profile, Energy City Brochure, Business Recycling Toolkit and other pertinent
information.
• Promote available sites through exhibits at various expos (minimum 2x/yr.)
• Utilize 17151 FAST implementation plan to create a marketing piece for Nature's Edge Business
Center and an annual redevelopment action plan to monitor progress of implementation
• Partner with ERMU to identify applicable rebates for available city-owned property
1
• Promote applicable incentives through direct mailings (minimum 3x/yr.)
• Promote Elk River to the restaurant industry through website
(www.elkrivermn.gov/restaurants), direct mailings, Constant Contact email blasts and other
marketing venues
• Partner with Elk River Area Chamber of Commerce to coordinate Chamber goals with economic
development goals through various implementation tasks
• Utilizing economic development publications make contact with businesses looking to expand,
relocate, etc.
• Review Micro Loan Program and recommend improvements to increase competitive advantage
and support goals
• Partner with ECC and ERMU to explore a joint incentive to attract energy-related technology
businesses
• Partner with local schools and manufacturers to hold quarterly meetings to encourage students
to explore a career in manufacturing through plant tours,youth apprenticeship programs,
energy city tours and programs, and job shadowing
• Update a powerful website for the Elk River Economic Development Department and the
Housing and Redevelopment Authority. Provide analytic reports on a quarterly basis.
• Demonstrate support for existing manufacturers and raise awareness regarding their impact on
the community through various promotional activities and tours during Minnesota
Manufacturers Week
• Identify target industries (e.g. craft brewery, manufacturing and medical device,etc.) and create
specific marketing pieces to identify advantages and programs to assist in business recruitment
• Host quarterly Manufacturers' Connection events with local manufacturers to promote financial
incentives, resources and relevant topics to promote business retention and appreciation
• Produce an energy conservation best-practices brochure to provide to businesses
• Coordinate with Energy City to plan and market energy city events e.g. Energy City Business of
the Year
• Partner with Energy City and the Streets Department and continue to promote proper disposal
of Fats,Oils and Grease through videos,flyers, emails, social media,and other media
• Host and Promote a quarterly business rountable event with local business leaders and
community stakeholders.
• Partner with the Elk River Area Chamber of Commerce to hold annual event to promote
economic development resources and incentives (Juice Up Your Morning, Chamber luncheon,
Money Breakfast, etc.)
• Continued contact and relationship development with Twin City commercial real estate
brokers/developers
2
REHABILITATION AND REDEVELOPMENT
Undertake strategies that facilitate rehabilitation and redevelopment of aging commercial, industrial
and residential areas to ensure private reinvestment and sustainability.
COMMERICAL/INDUSTRIAL STRATEGIES
✓ Maintain a listing of available commercial/industrial sites
r Promote available sites through various marketing initiatives
✓ Identify and examine potential areas for revitalization
✓ Review existing programs, resources, and services and recommend improvements to
increase our competitive advantage and support goals
• Enhance downtown commercial district through business recruitment and people-
generating activities
r Develop and implement a blighted properties program for both commercial and
residential properties
ACTION STEPS
• Identify target areas for the blighted properties program
• Partner with downtown business association and civic groups to promote existing and explore
new downtown activities (i.e. BNI, Chamber Connections, etc.).
• Partner with Elk River Area Arts Alliance to explore funding concepts for an arts center within
the downtown study area
• Create and distribute a survey to businesses to identify recommended improvements to existing
programs, resources and services, in addition to identifying preferred methods of
communication to improve Elk River business climate
• Identify current property owners' and businesses' interest in redevelopment efforts both north
and south of HWY 10 and in 171st Focused Area Study area
• Create a redevelopment policy regarding capitalizing the HRA development fund and identify
parameters for purchasing parcels
• Create and distribute comprehensive business directory to promote downtown Elk River
• Update short videos promoting available sites and applicable initiatives to distribute through
social media outlets, constant contact and website
3
RESIDENTIAL STRATEGIES
F Maintain listing of vacant/foreclosed properties
Address housing gaps with Comprehensive Housing Market Study recommendations
Proactively review neighborhoods annually to ensure all home are properly maintained
through the code enforcement process
F. Seek and promote available programs to improve existing housing stock and incentivize
homeownership through CMHP
Provide educational opportunities regarding foreclosure prevention and housing
assistance programs by developing brochures/pamphlets
ACTION STEPS
• Distribute MN Home Ownership Center foreclosure prevention, Energy City conservation
brochure, and Elk River Housing Toolkit information to local lenders, realtors, churches, non-
profits, builders,etc. (minimum 4x/yr.)
• Partner with applicable non-profits (MNHOC,Tri-CAP, etc.)to hold educational events to
promote foreclosure prevention and housing programs (minimum 2x/yr.)
• Continue to partner with the CMHP housing organization to fund and support a selective
housing removal and rebuilding program
• Host an annual Realtors' Day to educate realtors about the programs, processes and amenities
offered by the city
4
COMMUNITY BRAND
Utilize community brand strategies to effect necessary changes to strengthen and enhance community
image
STRATEGI ES
• Continue to implement and enhance marketing plan that reflects the Powered by
Nature brand, identifies desired target market(s), and complements other local efforts
to promote the community internally and externally
Maintain existing and build new community support for the Powered by Nature brand
✓ Establish benchmarks for performance measurement
ACTION STEPS
• Distribute window clings and larger windows signs of the logo
• Promote the brand, engage residents, and distribute materials at expos (3x per year) and at
events such as Realtors' Day, Leadership Elk River,and Manufacturers Connection
• Create profiles on first-tier business owners in Salesforce—a tracking software used to record
information on local businesses and visits
• Benchmark the impact of the Powered by Nature brand with data from Google Analytics and a
search engine optimization analysis.
• Promote Public Art Installation and research opportunities to expand public art within the city.
5
TRANSPORTATION
Advocate and support proactive planning for improvements to the local and area transportation system
in a way that will support existing businesses and complement new economic growth.
STRATEGIES
r Advocate regional and local transportation improvements
r Encourage transportation improvements as part of redevelopment/development
opportunities
- Support efforts to leverage local funds with state/federal resources
ACTION STEPS (submitted by City Engineer)
• Increase contact with legislators for state highway transportation improvements
• Complete low cost/high benefit enhancements to improve traffic flow through the existing
street intersections
• Advocate for the continued use and expansion of Northstar commuter rail service.
• Continue implementation of transportation improvements as detailed in the 171ST Focused Area
Study
• Assure all proposed development improvements are consistent with our local and regional
transportation plans.
• Leverage State and Federal investment for mobility improvements to TH 169 and TH 10 with the
already spent local dollars for the planning of improvements to these sections.
• Evaluate all available grant opportunities to determine if the local matching amounts are a cost
effective and feasible solution to support our objectives and strategies.
• Promote the Quiet Zone, Northstar Commuter Train and Bike paths.
6
2018 BUDGET DETAIL SHEET
Dept: Economic Development Authority
Acct. 2014 2015 2016 2017 BUDGET 2018 BUDGET
Explanation/Detail of Supplies or Services
No. Actual Actual Actual Detail I Total Detail I Total
PERSONAL SERVICES
4101 Regular Pay 58,534 69,319 84,571 89,750 94,850
4103 Part-time Pay 17,413 13,579 12,600 12,600 12,600
4104 PERA 4,129 5,406 6,535 7,250 7,450
4105 FICA 4,797 4,634 5,448 6,350 6,650
4107 Medicare 1,122 1,136 1,318 1,500 1,550
4108 Insurance 7,463 8,620 10,735 11,600 12,550
4109 Workers Comp 287 278 398 450 500
4110 Re-employment Comp 377
TOTAL PERSONAL SERVICES 94,122 102,972 121,605 129,500 136,150
SUPPLIES
4201 Office Supplies 4,756 3,690 4,310 4,600 3,400
Office supplies _ 2,700 1,500
Computer Software/Licensing(MNCAR,Sketchup,etc.) 1,900 1,900
4212 Fuels&Lubes 11 184 120 2,100 400
Unleaded gas 2,100 400
TOTAL SUPPLIES 4,767 3,874 4,430 6,700 3,800
OTHER SERVICES&CHARGES
4304 Legal Fees 9,187 388 8,951 11,000 11,000
Misc. 11,000 11,000
4319 Other Professional Services 28,999 17,000 2,000
ED Strategic Plan
4321 Telephone 357 911 922 1,350 1,000
iPad data plan(Colleen-$30/mo) 375
Cell phone reimb.(Colleen-$30/mo) - 375 400
Cell phone w/hotspot(Amanda-$50/mo) 600 600
4322 Postage 326 250 278 1,100 300
Marketing mailings 1,100 300
4331 Conferences/Schools 8,424 14,729 18,632 11,150 12,850
EDAM 3,500 500
Annual IEDC Conference 2,700
Chamber Events 500 250
MREJ 600 400
MNCAR 150 150
CMMA 500 250
SLUG 300 -
Springsted 400 400
Ehlers 200 200
Site Selector Conference 2,500 2,500
Site Selector Conference Travel 1,500 1,500
Misc.training 1,000 1,000
MADCE-(Data Center Conference) 3,000
4349 Advertising/Marketing 62,25.5 78,109 72,945 80,600 73,400
Community Profiles 1,500 1,500
Advertising(Production&Publication) 20,000 17,500
Direct Mailings 1,500 1,500
Business Retention&Expansion Visits 800 -
Promo items 10,000 10,000
Special events 5,000 2,500
7/13/2017
Dept: Economic Development Authority
Acct. 2014 2015 2016 2017 BUDGET 2018 BUDGET
No. Explanation/Detail of Supplies or Services
Actual Actual Actual Detail I Total Detail I Total
Sponsorships(City/EDA) 10,000 11,000
Zoom Prospector Application for Website 1,900 2,400
Trade Shows&Lead Generation(includes travel) 19,950 16,000
EDA Website(EDA share-1/2 EDA&1/2 HRA) 5,700 5,700
Lead Forensics(Shared by EDA/HRA) 1,200
Promotion&Awards 250 1,100
Powered by Nature sponsorships 3,000 2,000
Holiday card marketing 1,000 1,000
4359 Publishing 357 149 258 350 350
Public notices,etc 350 350
4361 Insurance 45 87 200 100
Insurance 200 100
4433 Dues/Subscriptions 1,606 2,575 4,062 4,750 4,750
EDAM 450 450
Chamber 480 480
Constant Contact 300 300
CMMA 250 250
MNCAR 300 300
IEDC 820 820
Misc. 300 300
Finance and Commerce 300 300
Rotary 250 250 1
MN Marketing Partnership 700 700
MAEDC 300 300
MPLS/ST Paul Business Journal 300 300
4440 Miscellaneous 216,814 11,882 88,900 13,000 48,000
Initiative Foundation 3,000 3,000
Wetland credit bank 10,000 45,000
TOTAL OTHER SERVICES&CHARGES 328,325 126,038 197,035 123,500 151,750
TRANSFERS OUT
34,800 36,600
4720 Transfers 568,000 - -
4721 General Fund 31,900 32,000 34,800 34,800 36,600
TOTAL ECONOMIC DEVELOPMENT AUTHORITY 1,027,114 264,884 357,870 294,500 328,300
7/13/2017