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Community Capital

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NEOEDD’s mission is to provide resources and facilitate quality decision making for the benefit of entrepreneurs, businesses and communities in Northeast Oregon.

The Northeast Oregon Economic Development District (NEOEDD) is a public organization established in 1985. Baker, Union and Wallowa counties formed the District by Intergovernmental Agreement as a way to enhance community and economic development services in the region.

Our staff members are dedicated to the communities they serve in northeast Oregon and have strong business networking, facilitation, financial, organizational and project development skills.

If you are starting or growing a business, ask us about our business finance and business training programs.

If you are working on a public infrastructure or a community project ask us about services for local governments and community groups.

If you are part of a non-profit organization ask how we can help your board and workers strategize, fund and operate in ways that best meet your mission.

2015 Budget Message

NEOEDD’s budget for 2015-2016 is based on historic costs with adjustments for changes in expected revenues and expenses.

The total fund balance for the District is expected to have increased by about $4,500 from June 2014 to June 2015 and is budgeted to increase an additional $29,400 from June 2015 to June 2016. The budget document is available here.

Revenues

We have identified specific funding sources for the revenue streams identified in this proposal. Many of them are still to be raised or confirmed, but are likely to be received.

We apply for an Economic Development Administration Planning Grant annually. We’ve been invited to apply for a $75,000 grant for next year.

We are under contract with Northeast Oregon Business Development to be paid actual costs of services. The amount of revenue received will depend on costs of service delivery.

In the IDA fund, we are under contract for $11,592 of funding from Valley Individual Development Accounts (VIDA) based on performance which includes enrolling new individuals in the program and subsequently having them “graduate” and access funds from the program. We anticipate a new contract which will result in additional revenue of $4,000 from VIDA in spring 2016. We have also budgeted $7,500 of Foundation/ Corporate grant revenue which is expected from banking institutions based on past Community Reinvestment Act donations for the IDA program.

In the Contract Services fund, we are currently under contract with the City of Halfway to provide grant administration and environmental assessment services. We will be entering into a contract with the City of Richland to provide grant administration and certified payroll services. There will be approximately $55,000 of revenue anticipated from those two contracts over the next two years. We will be proposing to conduct certified payroll services for the City of Enterprise. We also anticipate providing services to the Grande Ronde Symphony Association totaling about $3,500.

In the Micro CDBG fund, we are currently under contract with Baker County to provide training with funds they received from a Community Development Block Grant. We will be asking Wallowa County to apply for funding next year.

The Food Initiatives fund has a beginning balance which is expected to be expended next year. It also includes a $1,200 contract with Eco-Trust to provide outreach to producers who may be interested in supplying food to schools. Eco-Trust is applying for grant funds which they would use to contract with us to provide the outreach.
The EOVA-RBEG AgriTourism fund is a new fund which will be used if we are successful in applying for USDA RBDG funding. NEOEDD is serving as the applicant and partner organization for the Eastern Oregon Visitors Association (EOVA) and travel partners in the region to bring workshops for agritourism businesses to both the Northeast Oregon (Baker, Union and Wallowa counties) region and the Rugged Country (Morrow and Umatilla counties) region. Funding is anticipated from EOVA and USDA to fund this activity.

In the Rural Tourism Studios fund, we expect to receive $2,500 from Travel Oregon to reimburse us for tourism development activities we have conducted in Wallowa County during the past year.

In the RBEG Agri-Tourism fund, we expect to receive the balance of funding ($1,400) from our existing grant of $4,700.

In the Local Investing fund, we will be requesting additional funding from The Ford Family Foundation. These funds have not been included in the budget. We budgeted funds to be provided under a potential contract with Hatch Oregon. They are requesting these funds from Business Oregon and USDA Rural Development.

In the Agora fund, we expect to receive $30,000 of funding over the next two years from the Mid-Columbia Economic Development District to help underwrite the cost of beginning to use the Agora electronic project platform. Mid-Columbia will receive the funds from Meyer Memorial Trust and USDA Rural Development.

In the Brownfields Assessment fund, we expect to receive the balance of the grant awarded by the Environmental Protection Agency.

Expenses

NEOEDD now has a staff of one full-time employee, one 90% of full-time employee and two half-time employees. The budget includes a 2.4% cost-of-living adjustment. Health insurance costs are budgeted with about a small (0.5%) increase in the cost of insurance.

Travel costs are anticipated to be higher next year due to the potential for staff to attend two national conferences, one hosted by the Economic Development Administration and the other being the National Brownfields conference. Attendance at these national conferences is encouraged by the national funders (EDA and EPA). Travel costs are also anticipated to be higher in contract services to cover the cost of frequent travel to the City of Richland to perform certified payroll interviews and regular meetings in Halfway and Richland. Travel costs are also high in Micro CDBG and Local Investing reflecting travel within the district to deliver trainings and host events.

Dues and Subscriptions costs are budgeted at a higher rate due to a change in the timing of the payment of dues to NADO. They are making a move to have all members renew at the same time of year. I expect this will have the net result of having 1.5 years of payments due from NEOEDD during the next fiscal year. This line item also includes $2,000 in the Planning Grant fund for access to the Agora project platform and $1,000 in the Micro CDBG fund to pay the licensing fee for our business planning curriculum.

Duplicating is budgeted to increase primarily because we expect to have two sets of business planning classes next year instead of just one.

The budget for contractual services is nearly the same as last year, but the contractors will be changing. The amount spent in the brownfield assessment fund will decrease as less money will be available for contracts. The new EOVA RBEG Agritourism fund includes $44,000 of contracted services. The Contract Services fund includes $15,000 to be paid to Greater Eastern Oregon Development Corporation for certified payroll services they will be performing in Halfway as a subcontractor.

The budget for seminars and training is less than expenditures this year because we had a trainer come in to deliver training on the new business planning curriculum. We don’t expect to incur that cost again.

Vehicle Maintenance reflects maintenance costs on a 2008 model year vehicle.

Fund Explanations

The General Fund of the District is not the same type of fund as the general fund of governments that receive tax dollars to support operations. Our general fund is primarily used to account for fixed assets, miscellaneous income, and for contract revenues earned in excess of costs. The General Fund is also the “bank” of the District which can be used as a source of funds to transfer to other accounts/activities such as the Planning Grant or for loans to other funds when earned income has not yet been received. District operating costs are generally not charged to the General Fund.

The Planning Grant fund is used to provide project development and management assistance to projects that have been invited to apply for or awarded funds from the Economic Development Administration, as well as planning and general economic development assistance to counties and communities. The planning grant provides the revenue to support our overall mission and goals. The grant must be matched on a 1:1 rate with other funds.
Changes in Funds Included in the Budget

Two new funds (EOVA-RBEG Agri-Tourism and Agora) were added to the budget this year.

 

If you have any questions about the budget, please contact Lisa Dawson, Budget Officer, at 541-426-3598 x101, 1-800-645-9454 or lisadawson@neoedd.org.