Res 2003-161 - Laserfiche WebLink

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Minority Economic Development (MED) Budget FY 2003 - 2004 City Contracted Services $66,545.00 $66,545.00 $66,545.00 $61,035.00 100% The Hispanic Chamber has contracted with the City of San Marcos for a set amount of$61,035.00, funds derived from electric utility fees for the City of San Marcos. PERSONNEL 2001- 2002 2002 - 2003 2002 - 2003 2003 - 2004 03 - 04 EXPENSES Year End Proposed YTD Proposed Proposed Explanations Budget Budget Budget Budget % Payroll for a fulltime staff (2.5 employees) to coordinate, Salaries $25,235.70 $27,160.00 $14,922.42 $19,250.00 31.5% advertise and manage operations and programs that provide quality services to'minority business owners, not exclusive to SMHCC members only Paid to chief paid position as part of benefits package to Car Allowance $ 0.00 $0.00 $0.00 $900.00 1.5% manage Minority Economic Development Programs State & Federal taxes paid for staff employed by the Payroll Taxes $2,472.34 $2,310.00 $1,211.51 $2,000.00 3.3% Hispanic Chamber to manage Minority Economic Development Programs Medical allotment paid in the place of group insurance, Medical Insurance $2,000.00 $2,400.00 $1,083.30 $1,500.00 2% which the Hispanic Chamber does not provide for its Allotment employees to manage Minority Economic Development Programs The Hispanic Chamber does not provide Worker's Worker's Compensation $ 0.00 $0.00 $0.00 $0.00 0% compensation for its employees at this time due to the administrative nature of the job description Part of benefits package paid to President, chief paid Retirement Contribution $ 330.00 $1,146.00 $184.04 $400.00 .7% employee to manage Minority Economic Development Programs Total Personnel Expenses for the Minority Economic TOTAL PERSONNEL $30,038.04 $33,016.00 $17,401.27 $24,050.00 39% development Programs totals 39% of the total MED budget For Internal Purposes Only PAGE 1 of4 of EXHIBIT A ~ .¡:::... I.D 1