EXECUTIVE MANAGEMENT
GOVERNOR'S RECOMMENDED FY 2012 BUDGET
01051 Gov Office of Economic Development

  ACTUAL
FY 2009
ACTUAL
FY 2010
BUDGETED
FY 2011
REQUESTED
FY 2012
GOVERNOR'S RECOMMENDED
FY 2012
RECOMMENDED INC/(DEC)
FY 2012
FUNDING SOURCE:
   General Funds $2,545,269 $2,437,695 $2,441,871 $2,268,397 $2,313,765 ($128,106)
   Federal Funds 12,691,876 12,702,256 19,768,805 11,268,805 11,268,136 (8,500,669)
   Other Funds 9,830,053 10,503,140 11,625,626 11,625,626 11,624,301 (1,325)
      Total $25,067,198 $25,643,092 $33,836,302 $25,162,828 $25,206,202 ($8,630,100)
 
EXPENDITURE DETAIL:
   Personal Services $2,239,325 $2,356,397 $2,523,706 $2,375,591 $2,365,408 ($158,298)
   Operating Expenses 22,827,874 23,286,694 31,312,596 22,787,237 22,840,794 (8,471,802)
      Total $25,067,198 $25,643,092 $33,836,302 $25,162,828 $25,206,202 ($8,630,100)
 
Staffing Level FTE: 35.6 36.6 40.8 40.8 40.6 ( 0.2)

  ACTUAL
FY 2009

ACTUAL
FY 2010

ESTIMATED
FY 2011

ESTIMATED
FY 2012

REVENUES:  
      
Total

$0

$0

$0

$0
PERFORMANCE INDICATORS:  
   Reported New Manufacturing/Calendar Year 13 9 10 15
   Existing Manufacturing Expanded/CY 522 399 400 500
   New Jobs Created/Calendar Year 3,952 3,298 3,000 4,000
   Capital Investment Reported (Millions) $401.8 $217.0 $250.0 $300.0
   REDI Loans 7 18 15 15
   REDI Loan Dollars Approved (Millions) $4.6 $16.2 $18.5 $18.5
   Total Outside Dollars Leveraged (Millions) $9.3 $146.3 $65.0 $65.0
   Future Fund Awards 73 72 75 75
   Community Development Block Grants:
   Grant Requests Received 21 21 25 32
   Grants Awarded 16 26 25 27
   Awards (Millions) $6.1 $9.26 $7.15 $7.5
   Active Grants 70 83 80 85
   Project Dollars Expended (Millions) $8.9 $9.3 $10.0 $9.0
   EDFA Loans 1 2 2 2
   EDFA Loan Dollars Approved (Millions) $3.7 $7.6 $10.0 $10.0
   EDFA Outside Dollars Leveraged (Millions) $1.5 $16.5 $25.0 $25.0
   APEX Loans 8 5 8 8
   APEX Loans Approved $1.3M $654K $1.5M $1.5M
   APEX Outside Dollars Leveraged $1.4M $819K $2.0M $2.0M
   VASF Loans 3 0 2 2
   VASF Loans Approved $57,500 0 $200,000 $200,000
   VASF Outside Dollars Leveraged $455,000 0 $450,000 $400,000
   Gross Domestic Product /CY $36.9B $37.7B $38.5B $40.0B
   Co-oping with Communities/Businesses:
   Marketing Campaign 5 5 5 5
   Trade Shows 14 43 45 45

generated 01/14/11 12:23:54 PM