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Financial Statement


 

Operating Budget
for Fiscal Year 2016

(July 1, 2015 - June 30, 2016)

 

Operating Budget
for Fiscal Year 2017

(July 1, 2016 - June 30, 2017)

Administration

Personnel $ 455,000          $ 470,000      
Rent, supplies, etc. $ 150,000          $ 150,000      
Insurance $ 30,000          $ 30,000      
Professional Fees $ 20,000   $ 655,000    $ 20,000     $ 670,000

Operations

Sanitation $ 685,000          $ 775,000      
Security $ 380,000          $ 400,000      
Homeless Outreach $ 115,000          $ 110,000      
Traffic Management $ --     $ 1,180,000    $ --     $ 1,285,000

Marketing

Business Promotion & Marketing $ 185,000          $ 205,000      
Beautification $ 165,000          $ 195,000      
Streetscape Improvements $ 65,000     $ 415,000    $ 60,000     $ 460,000

BUDGETED EXPENSES

    $ 2,250,000           $ 2,415,000

Revenue

    $ 2,200,000           $ 2,200,000

Revenue Over
(Under) Expenses

    $ (50,000)          $ (215,000)

 

FY 2015 Audit Highlights

For the complete FY 2015 audit prepared by Skody, Scot & Co. Company, click here. Click here for the FY 2015 Audit Communications Letter.  To requests copies of audits from previous years, e-mail us.

Statements of Financial Position

 

FY 2014

FY 2015

Assets

Cash $ 391,314 $ 153,971
Certificates of Deposit $ 1,039,366 $ 1,049,693
Prepaid Expenses $ 33,625 $ 40,344
Property & Equipment $ 28,713 $ 15,085
Other Assets $ 10,071 $ 9,856 

TOTAL

$ 1,503,089 $ 1,269,164

Liabilities/Net Assets

Liabilities $ 256,314 $ 210,742
Net Assets $ 1,246,775 $ 1,058,422

TOTAL

$ 1,503,089 $ 1,269,164

Statements of Activities

 

FY 2014

FY 2015

Support and Revenues

Assessment Revenue $ 2,200,000 $ 2,200,000
Contributions/Interest $ 18,079 $ 19,075

TOTAL

$ 2,218,079 $ 2,219,075

Expenses

Marketing/Promotion $ 417,426 $ 401,381
Security $ 425,822 $ 427,713
Sanitation $ 688,152 $ 744,976
Social Services $ 129,810 $ 184,292
Public Improvements $ 340,382 $ 286,751
Administration $ 359,696 $ 362,315

TOTAL

$ 2,361,288 $ 2,407,428

Net Assets, End of Year

$ 1,246,775 $ 1,058,422