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<br />EXHIBIT A <br /> <br />Greater San Marcos EDC <br />Budget Notes <br />2001-2002 Proposed Budget <br /> <br />A. The County has not increased fiscal support of the EDC in the past 3 years. <br />After several discussions with Commissioners Ingalsbe and Burnett, it is <br />anticipated that an increase to $25,000 is reasonable. <br />B. A Certificate of Deposit will mature during this fiscal year that will increase <br />the amount of interest collected. <br />C. Evaluations and merit raises will be made in September. A maximum of 5% <br />has been included in this budget proposaL <br />D. Payroll taxes were over-budgeted this year and therefore no increase is <br />budgeted in this budget proposaL <br />E. Due to the escalating cost of health insurance an increase of 25% has been <br />included. Since Isidro Martinez will complete his MBA in August, it is <br />anticipated that this number should adequately cover this budget period. <br />Health insurance is not provided to new hires for the first three months. <br />F. Retirement is not paid for new hires for the first 12 months. <br />G. The increasing use of the internet has drastically reduced our postage costs <br />since we are not mailing out Fact Books as much as we did in the past <br />H. This line item was increase last year to purchase new furniture and a <br />computer. There are no major equipment purchases anticipated in this budget <br />proposal. <br />1. This budget proposal includes a replacement of the Ford Windstar. The <br />Windstar was purchased from the Chamber in 1998. It is a six-year-old <br />vehicle and has started to require some major repair costs. An increase of <br />$1,000 should be sufficient to support a $465 note payment and associated <br />fuel cost. <br />J. This item was reduced last year since more printing has been done in house. <br />This budget proposal should cover all anticipated printing costs. <br />