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Home My WebLink About5.a. Draft Budget Discussion�1N.C."SEMOUNT EXECUTIVE SUMMARY PORT AUTHORITY Port Authority Date: May 21, 2013 AGENDA ITEM: Draft Budget Discussion AGENDA SECTION: New Business PREPARED BY: Kim Lindquist, Deputy Director AGENDA NO. 5.a. ATTACHMENTS: Draft Budget APPROVED BY: chi RECOMMENDATION: Discussion ISSUE In late spring all departments put together a draft budget. The Port Authority has its own budget although it is part of the City's levy. There are no real changes to the budget as compared to recent years. The budget remains flat and provides for on -going projects including the Open to Business service that started in 2013. The budget contains enough revenue to fund City membership in Greater MSP and also to hold the Business Appreciation event. There is also funding available to hire a summer intern should that decision be made again next year. RECOMMENDATION Staff is bringing this item to the Port Authority for discussion. If there are additional work program items the Port Authority wants to explore for 2014 which would affect the budget, these items should be discussed at this meeting. Page One May 15, 2013 Account # 201 31010.00 201 31050.00 201 33130.00 201 33425.00 201 34109.00 201 36210.00 201 36215.00 201 36230.00 201 36260.00 201 36265.00 201 39101.00 2014 BUDGET WORKSHEETS PORT AUTHORITY - REVENUES Description Currant Ad Valorem Taxes Tax Increments Federal Grants -CDBG Other State Grants & Aids Other Charges for Services Interest Earnings - Investments Interest Earnings Contributions/Donations Other Revenue Use of Reserve Funds Sales of General Fixed Assets FUND TOTALS EXPENDITURES Account# Description 201 46300 99 103.00 Part-Time Salaries & Benefits 201 48300 01 303.00 Engineering Fees 201 46300 01 304.00 Legal Fees 201 46300 01 317.00 General Fund Administrative Fees 201 48300 01 319.00 Other Professional Services 201 46300 01 319.01 Project Management Consultant 201 46300 01 319.02 Marketing - REDE - City $hare 201 46300 01 319.03 County TIF Charges 201 46300 01 319.04 PIA Property Tax Payments 201 46300 0131 9.OS Other Consultants 201 46300 01 319.07 Central Park Survey Work 201 46300 01 322.00 Postage Costs 201 46300 01 331.00 Travel Expense 201 46300 01 349.00 OtherAdverdsing 201 46300 01 359,00 Other Printing & Binding Costa 201 46300 01 365.00 Workers Comp insurance 201 46300 01 369.00 Other Insurance 201 46300 01 381.00 Electric Utilities 201 46300 01 383.00 Gas Utilities 201 46300 01 389.00 Other Utility Services 201 46300 01 403.00 Contracted Repairs & Maintenance 201 46300 01 433.00 Dues & Subscriptions 201 46300 01 433.01 Professional Organizations/Joumr 201 46300 01 433.02 Foreign Trade Zone Commission 201 46300 01 437,00 Conferences & Seminars 201 46300 01 439.00 Other Miscellaneous Charges 201 48300 01 521,00 Building & Structure Purchases 201 46300 01 525,00 Building & Structure Purchases 201 46300 01 530.00 Improvements Other Than Bldgs 201 48300 01 710.00 Transfers FUND TOTALS 2013 2014 Objecl 2014 2010 2011 2012 Adopted Detail Proposed Actual Actual Actual Budget Amount Budget Comments $50,000 $58,800 $58,600 $58,000 $58,000 Operating Levy 0 0 0 0 0 Admin Fees Portion Only 0 0 0 0 0 0 0 0 0 0 LCDA Downtown Grant 0 0 0 0 0 Ganz -Ryan Tenant Utility Pymts 10 81 50 100 100 Interest Earned on CD's 320 39 88 100 100 Checking Interest & Mise 0 0 0 0 0 0 675 0 0 0 0 0 0 0 0 0 0 0 0 0 $50,330 _________ _ $59,295 _______ $58,735 ^$58,200 $58,200 2013 2014 Objecl 2014 2010 2011 2012 Adopted Delall Proposed Actual Actual Actual Budget Amount Budget Comments All Salary Costs Inclusive of M $3,433 $3,868 $3,302 $5,000 $6,000 Salary, Taxes, PERA & Benefits Port Authority Members 0 4,400 0 2,000 2,000 714 900 1,209 3,000 3,000 6,000 6,000 8,000 8,000 6,000 Yearly Fee Per Policy F-3 17,400 0 0 0 2,000 2,000 7,741 10,853 10,231 10,000 10,000 Twin Cities Marketing Initiative 10,564 0 0 0 0 0 0 0 0 0 0 0 0 5,400 5,400 0 0 0 0 0 132 87 0 800 Soo 291 0 0 0 0 401 3,972 2,939 11,800 10,000 Additional Marketing 855 321 0 2,000 2,000 538 521 540 500 600 Commissioners 5,079 2,282 1,532 2,000 2,000 Property Insurance 193 223 287 500 500 Business Park & Other Properties 0 0 0 0 0 Other Properties 0 0 0 0 0 Utility Fees 0 0 0 0 0 1,700 Prof Organizations /Journals 1,483 2,380 1,790 1,700 1,700 0 0 0 0 0 3,034 4,125 2,419 5,000 5,000 DevelopmenUTIF/Misosllaneous Be 48 110 500 600 Contingencies 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $40,543 $39,979 $30,360 $58,200 �� $58,400