HomeMy WebLinkAboutFY 2022 Budget Presentation (Office of Economic Development)THE OFFICE OF ECONOMIC
DEVELOPMENT
FY 2022 BUDGET AND OPERATIONS SYNOPSIS
Nalani K. Kaauwai Brun
Director
Department: ECONOMIC DEVELOPMENT
Fund: GENERAL FUND
1. FY 2021 to FY 2022 BUDGET COMPARSION
FY 2021
FY 2022
$ + / -
% + / -
Salary and Wages
620,219
606,227
-13,992
-2.3%
Benefits
398,674
392,318
-6,3S6
-1.6%
Utilities
0
0
0
0.0%
Vehicle/Equip, Lease
0
0
0
0.0%
Operations
1,S97,230
1,S49,272
-47,9S8
-3.0%
2,616,123
2,S47,817
-68,306
-2.6%
FY 2021 Operating Budget
■ Salary and
Wages
24% ■ Benefits
6196 15% Utilities
a ■ Vehicle/Equip,
{ Lease
FY 2022 Operating Budget
■ Salary and
Wages
24% ■ Benefits
6196 15% 1 utilities
�06 ■ VehiclejEquip,
Lease
1
2. MAJOR CHANGES AND/OR VARIANCES IN OPERATIONS BUDGET
Positions: We do not have any new positions in our budget.
Increases: The largest increases that were offset by other cost cutting measures are:
(50,000) Funding of the Stewardship Program to support organizations caring for our wahipana
around the island. This occurs approximately every three years. This allows us to support those
orgs with fixing tools, providing supplies and supporting volunteer efforts.
(75,000) to complete a Kaua'i Agricultural Plan following the completion of the update of our
Comprehensive Economic Development Strategy which should complete in the fall.
(75,000) increase for the Kauai Visitors Bureau who is tasked with marketing our island and has
lost most of their HTA funding to do so. These funds will help us recover more quickly from the
pandemic's effects on our economy.
(25,000) for workforce training to help retrain displaced workers.
(23,000) for additional tourism product development funds to utilize as an HTA match which
would fund programs focused on more effectively managing tourism.
DECREASES: Overall we worked diligently to trim our budget as much as possible, mostly in the
area of travel, and focused our funding on recovery and diversification efforts.
3. OPERATIONAL CHALLENGES
We have no operational challenges.
4. TOP 3 OPERATIONAL HIGHLIGHTS FROM FY 2021
TEAMWORK: OED is shifting the way we work by creating internal teams to take on different
economic sectors. This gives us more depth of experience and helps to create additional
partnerships for all of our projects. Internal Teams assists us with staying creative and keeps us
active in the "what if" mindset which is a necessity in economic development. In addition, over
the last year, staff has been shifting duties so that everyone is using their talents at a maximum
level while learning new skills daily.
FEDERAL PROGRAMS: OED was able to shift gears and support the administration in efforts to
distribute support programs to businesses and the community utilizing CARES funds. We were
able to create Kaua'i Economic Recovery Strategy Teams in many sector areas whose ideas helped
us to formulate programs that we could quickly dispense when federal funding was made
available.
INNOVATIONS GRANTS: Due to the pandemic, many of the typical programs we would have
funded were unable to take place and we knew there were a lot of local problems to solve that
were highlighted by the pandemic. We ended up pooling all of our sector grant funds and created
a new Request for Proposals and process that reached out into the community for innovative
ideas to solve local problems. In addition we instituted an online community outreach piece that
allowed the public to weigh in on the projects that applied to us for funding. This information was
fed to the Selection Committee providing up to 10% of the total score for each project. It was
well received by the public which showed 1,445 registered users, 3,441 "opinions"and 679 written
comments. We are calling that an outreach win.