Harford County, Maryland FY 24 Proposed Operating Budget

OFFICE OF ECONOMIC DEVELOPMENT Index #651000

FINANCIAL NOTES:

FY 23 FY 24 CHANGE EXPLANATION OF INCREASE/DECREASE

CONTRACTUAL SERVICES decrease of ($20,500) 89,950 39,450 (50,500) Adjustments made to telephone service and other advertising

311,500 341,500 30,000 Funding provides for contractual marketing; as well as MD Economic Development Assoc;

Economic Alliance of Greater Baltimore; Army Alliance; Manufacturing & Distribution Council; Technical Master Plan; STEM; Northeast MD Technical Council; Small Business Development Center; BRAC Prep and Entrepreneurs Edge

30,550 14,600 (15,950) SUPPLIES AND MATERIALS decrease of ($15,950)

Adjustments made to general office supplies, general office mailing, and other food supplies based on actual spending

BUSINESS AND TRAVEL decrease of ($6,000) 42,320 36,320 (6,000) Funding provides for county owned vehicles, fuel, membership fees/dues, with adjustments to mileage and meals based on actual spending

MISCELLANEOUS increase of $500,000 305,500 805,500 500,000 Funds allocated to provide contributions to organizations such as Susquehanna Workforce Network, Small Business Initiatives, Transfer/Commercialization/Incubation,

Workforce Development Training, Chesapeake Science and Security Corridor, Micro Enterprise Fund; funding increased to provide additional opportunities for organizations that foster local economic activity.

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