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COMMUNITY & ECONOMIC DEVELOPMENT
<br />SUMMARY OF FUNDING SOURCES AND EXPENDITURES
<br />2008 BUDGET
<br />% Change
<br />FY 06 FY07 FY07 FY08 07 Adopted
<br />Actual Budget As of 6/30/07 Estimate 08 Estimate
<br />Expenditure by Cost Center
<br />Community Development 1,397,646 1,485,438 697,281 1,493,795 1 %
<br />Economic Development 931,548 1,003,542 462,373 995,864 _1%
<br />0%
<br />Expenditure by Classification
<br />Salaries
<br />1,542,970
<br />1,621,652
<br />769,632
<br />1,573,365
<br />-3%
<br />Fringe Benefits
<br />486,622
<br />537,459
<br />242,497
<br />503,780
<br />-6%
<br />Supplies
<br />24,950
<br />36,390
<br />11,264
<br />36,390
<br />0%
<br />Contractual Services
<br />214,463
<br />230,854
<br />104,948
<br />310,795
<br />35%
<br />Internal Services (1)
<br />60,189
<br />62,625
<br />31,313
<br />65,329
<br />4%
<br />Capital
<br />0
<br />0
<br />0
<br />0
<br />0%
<br />FTE's
<br />41.5 35.5 35.5 33.5
<br />0%
<br />Funding Sources
<br />Fund 212 Community & Economic Development Fund (2)
<br />Intergovernmental Grants (3)
<br />620,204
<br />709,275
<br />263,653
<br />618,919
<br />-13%
<br />Charges for Services (4)
<br />345,936
<br />320,161
<br />213,669
<br />320,161
<br />0%
<br />Miscellaneous Revenue
<br />14,167
<br />3,500
<br />5,021
<br />3,500
<br />0%
<br />Transfers In (5)
<br />1,316,442
<br />1,456,045
<br />50,812
<br />1,549,270
<br />6%
<br />Total Designated Funding Sources
<br />2,286,748
<br />2,488,981
<br />5335165
<br />2,491,850 (6)',
<br />0%
<br />Funding Sources over /(under) expenditures (32,445) 1 (626,499) 2,191
<br />(1) Internal Services are charges for administration and liability insurance that are paid to other City funds.
<br />(2) Revenue is reported for the Community Development and Economic Development cost centers only; revenue
<br />does not include Community Development Block Grant programs which are budgeted separately.
<br />(3) Intergovernmental grants are for economic development and assistance grants.
<br />(4) Charges for services are for staff contracts with certain non - profit organizations for administrative support.
<br />(5) Transfers In are from the General Fund and the Economic Development Income Tax Fund.
<br />EDIT Transfer $618,110
<br />General Fund Transfer $931,160
<br />Total $1,549,270 (6)
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