TOWN OF HEMPSTEAD
LOCAL DEVELOPMENT CORPORATION
Draft 2020 Budget 
                                                            January through December 2020

Ordinary Income/Expense
	Income

Public Hearing Notices					$    1,000.00
Fees								$ 111,000.00
Annual and Compliance Fees					$  20,000.00
Bank Interest                                                                           $    7,000.00

Total Income							  $127,000.00

Expense
	Public Hearing Notices Expense				$      1,000.00
                        Advertising & Marketing                                                       $      6,000.00
	Accounting Fees						$     9,500.00
            Professional Services                                                              $   10,000.00
	Meetings Expenses						$     1,000.00
	Office Expenses						$     2,500.00
	Travel								$        500.00
            Printing							$          75.00
                        Telephone                                                                               $        900.00
                        Rent                                                                                         $   15,000.00 
                        Postage & Delivery                                                                 $        750.00
                        Payroll Taxes                                                                           $   10,000.00
                        Salary and Wages                                                                    $   80,000.00
                        Paychex                                                                                    $     1,500.00
            Bank Charges                                                                          $         250.00

	Total Expense							   $138,975.00
            
              Net Income							            $25.00

028- 2019 LDC
Preliminary Draft Created 7/29/19
Draft Approved:  9/19/19
Final Approval: 10/23/19

_________________________________________
Florestano Girardi
Chairman