FY27 Proposed Budget

Division: Economic Development Activity: Economic Development (210510)

2024

2025

2026

2026

2027

2028

Actual

Actual

Budget

Revised

Budget

Projection

Revenues & Transfer In:

General Revenues Subsidy

5,166,381

797,264

839,800

1,110,000

-

-

Other City Taxes

Hotel/Motel Tax

471,691

479,106

471,700

471,700

-

-

Use Of Money And Property Rents Miscellaneous Other Miscellaneous Revenue

11,750

11,187

11,800

11,800

-

-

-

(59)

-

-

-

-

Total Revenues & Transfer In

$ 5,649,822

$ 1,287,498

$

1,323,300

$ 1,593,500

$

-

$

-

Expenditures:

Personnel Services Supplies

138,012 961,783

162,102

189,200

189,200

- - - - -

- - - - -

1,125,396

1,134,100

1,404,300

27

- -

- -

- -

Capital Outlay

4,550,000

Total Expenditures

$ 5,649,822

$ 1,287,498

$

1,323,300

$ 1,593,500

$

$

Personnel Services - FTE

2024 1.00 1.00

2025 1.00 1.00

2026 1.00 1.00

2026 1.00 1.00

2027

Economic Development Coord

- -

Total Personnel

* Economic Development moved to City Managr Office starting in fiscal year 2027.

Division: Economic Development Activity: Public Art (210515/210525)

2024

2025

2026

2026

2027

2028

Actual

Actual

Budget

Revised

Budget

Projection

Revenues & Transfer In:

General Revenues Subsidy

105

78,064

52,000

73,500

52,100

52,700

Total Revenues & Transfer In

$

105

$

78,064

$

52,000

$

73,500

$

52,100

$

52,700

Expenditures:

Services Supplies

105

62,518

13,700

13,700 22,800 37,000 73,500

31,900

32,500

- -

1,242

1,300

1,200

1,200

Capital Outlay

14,304 78,064

37,000 52,000

19,000 52,100

19,000 52,700

Total Expenditures

$

105

$

$

$

$

$

Capital Outlay

2026

2026

2027

Public Art

27,000 10,000 37,000

27,000 10,000 37,000

15,000

Public Art Maintenance

4,000

Total Capital Outlay $ * Prior to fiscal year 2025, this activity was in the Neighborhoold Outreach activity in the Neighborhood & Development Services department. $ $ 19,000

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