Res 1999-186 - Laserfiche WebLink

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Greater San Marcos Economic Development Council Fiscal Year 1999-2000 Budget Notes Option 2 The Greater San Marcos Economic Development Council is a public/private pannership created for the purpose of increasing the economic opportunity for the citizens and businesses in Hays County and San Marcos, Texas. Income - Total income in the proposed budget would increase by $53,017 or 32.43% from $163,483 to $216,500. The EDC is proposing an increase of $50,000 from the City of San Marcos, $500 from Hays County and $500 from the Industrial Foundation. Since the EDC transferred savings into a Money Market, interest is expected to increase from $683 annually to $2,700. Expenses - Under expenses, the budget provides for the addition of a part time person and an increase of up to 4% in salaries. Actual increases in salary are determined by the Chamber President and approved by the San Marcos Area Chamber of Commerce Board of Directors, based on merit and available funding. The $88,534 in salary expense includes 100% of the Director and Assistant Director, 200fc. of the San Marcos Area Chamber President, 15% of the Bookkeeper, and 10% of the Receptionist. The current salary for the Director of GSMEDC is $43,992. The national average from the 1996-97 AEDC salary survey shows a mean of $49,719 and a median of $50,000 for a city our SIze. The part time staff person would be used to collect demographics, update the web page, assemble fact books, and other similar time consuming activities. This would allow the Director and Assistant Director to focus on recruiting new businesses and retaining existing businesses. To more accurately reflect the expense items, several changes have been made to line item titles. The line item #7270 has been changed to Acquisition and Equipment. All contingency issues will be handled under Miscellaneous. Line item #7320 has been changed to Printing and Publications. All promotional expenditures will be handled under Target Marketing and Recruitment. Operations - Overall operational expenses are expected to increase by 1.38% or $450. Dues and subscriptions would increase by $100 to cover actual 1998-99 expenditures. Office supplies would decrease by $350. Since this budget anticipates the hiring of a pan time person, the telephone/fax expenditure has been increased by $1,000. Mileage reimbursement has also increased by $200. This would cover any mileage accrued by the new staff person. Auto expense has been reduced by $400. Programs - The majority of the budget changes are under programs. The overall programs expenses are expected to expand by $38,300 or 145.63%. The Hosting expense would increase by $1,500 or 50%. It is anticipated that the EDC could do more with prospects and existing industry when it comes to hosting. Printing and Publications Page 2 OF 3 of EXHIBIT A