2008-2009 - Saginaw County

FUND: 244 ECONOMIC DEVELOPMENT CORP
ACTIVITY: 72830 ECONOMIC DEVELOPMENT CORP
SAGINAW COUNTY 2009 BUDGET
DESCRIPTION:
THE CORPORATION IS ORGANIZED AND INCORPORATED AS AUTHORIZED BY
AND PURSUANT TO ACT NO. 338 OF THE PUBLIC ACTS OF 1974, AS AMENDED
("ACT"). THE PURPOSE FOR WHICH THE CORPORATION IS CREATED IS TO
PERFORM ESSENTIAL PUBLIC PURPOSES AS AN ECONOMIC DEVELOPMENT
CORPORATION IN ACCORDANCE WITH THE ACT, AS THE ACT MAY BE AMENDED FROM
TIME TO TIME, INCLUDING PARTICULARLY: TO ALLEVIATE AND PREVENT
CONDITIONS OF UNEMPLOYMENT; TO ASSIST AND RETAIN LOCAL INDUSTRIES AND
COMMERCIAL ENTERPRISES; TO STRENGTHEN AND REVITALIZE THE ECONOMY OF
THE COUNTY OF SAGINAW AND THE STATE OF MICHIGAN.
EXPENDITURES
AMOUNT PERCENT
CATEGORY ACTUAL BUDGET BUDGET INC/DEC INC/DEC
2007 2008 2009 08-09 08-09
A) PERSONAL SERVICES $1,250 $1,250 $1,250 0 0.00
B) EMPLOYEE FRINGE BENEFITS 15 224 224 100.00
D) OTHER SERVICES & CHARGES 807 1,250 1,250 0 0.00
___________ __________ __________ __________ ________
TOTAL $2,072 $2,500 $2,724 224 8.96
REVENUES
AMOUNT PERCENT
SOURCE ACTUAL BUDGET BUDGET INC/DEC INC/DEC
2007 2008 2009 08-09 08-09
M) INTEREST EARNED $2,712 $2,500 $2,724 224 8.96
__________ __________ __________ __________ ________
TOTAL $2,712 $2,500 $2,724 224 8.96
FUND: 244 ECONOMIC DEVELOPMENT CORP
ACTIVITY: 72831 FERRO-MET/RIFKIN STEEL PROJECT
EXPENDITURES
AMOUNT PERCENT
CATEGORY ACTUAL BUDGET BUDGET INC/DEC INC/DEC
2007 2008 2009 08-09 08-09
D) OTHER SERVICES & CHARGES $494,989 $182,516 $182,516 0 0.00
___________ __________ __________ __________ ________
TOTAL $494,989 $182,516 $182,516 0 0.00
REVENUES
AMOUNT PERCENT
SOURCE ACTUAL BUDGET BUDGET INC/DEC INC/DEC
2007 2008 2009 08-09 08-09
E) STATE GRANTS $494,989 0 0.00
F) LOCAL GRANTS 177,516 0 0.00
M) INTEREST EARNED 7,166 5,000 5,000 0 0.00
Z) OTHER REVENUES 177,516 177,516 0 0.00
__________ __________ __________ __________ ________
TOTAL $679,671 $182,516 $182,516 0 0.00
224