FTR section: Community Development
4400 Economic Development
Where it reports on the Cities FTR
| Operating costs (payroll, services, supplies) | Form 25 R15 Community PromotionCURR_EXP_COMMU_PROMOTION Review: economic development reported as community promotion. |
| Capital outlay | Form 28 R09 Community DevelopmentCURR_EXP_COMM_DEV |
| Functional revenue | Revenue coded to this function reports in the Functional column of forms 16-23 and reduces this function's net expenditures. |
- What it is
- Attracting and keeping businesses and jobs, and promoting the community to visitors.
- Accounting standard
- Functional classification supports management’s discussion and analysis and note disclosures, and may be required for certain FTR presentations.
- Accounting note
- Assign function at the transaction level or derive from department mapping. Use consistent allocation bases for shared costs.
- Reporting note
- Function codes drive rollup to FTR functional sections and allow comparability across cities.
- Examples
- Business attraction; visitor promotion contract.
- Do not use for
- Housing programs (4300).