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Financial Statement


 

Operating Budget
for Fiscal Year 2014

(July 1, 2013 - June 30, 2014)

 

Operating Budget
for Fiscal Year 2015

(July 1, 2014 - June 30, 2015)

Administration

Personnel $ 405,000          $ 415,000      
Rent, supplies, etc. $ 155,000          $ 145,000      
Insurance $ 30,000          $ 28,000      
Professional Fees $ 20,000   $ 610,000    $ 17,000     $ 605,000

Operations

Sanitation $ 610,000          $ 660,000      
Security $ 350,000          $ 400,000      
Homeless Outreach $ 110,000          $ 110,000      
Traffic Management $ 0     $ 1,070,000    $ 10,000     $ 1,180,000

Marketing

Business Promotion & Marketing $ 200,000          $ 160,000      
Beautification $ 190,000          $ 175,000      
Streetscape Improvements $ 210,000     $ 600,000    $ 125,000     $ 460,000

BUDGETED EXPENSES

    $ 2,280,000           $ 2,245,000

Revenue

    $ 2,200,000           $ 2,200,000

Revenue Over
(Under) Expenses

    $ (80,000)          $ (45,000)

 

FY 2013 Audit Highlights

For the complete FY 2013 audit prepared by Skody, Scot & Co. Company, click here. Click here for the FY 2013 Audit Communications Letter.  To requests copies of audits from previous years, e-mail us.

Statements of Financial Position

 

FY 2012

FY 2013

Assets

Cash $ 422,662 $ 487,178
Certificates of Deposit $ 1,002,130 $ 1,017,432
Prepaid Expenses $ 24,340 $ 28,130
Property & Equipment $ 12,436 $ 44,186
Other Assets $ 9,856 $ 9,856 

TOTAL

$ 1,471,424 $ 1,586,782
Liabilities/Net Assets
Liabilities $ 119,945 $ 196,798
Net Assets $ 1,351,479 $ 1,389,984

TOTAL

$ 1,471,424 $ 1,586,782

Statements of Activities

 

FY 2012

FY 2013

Support and Revenues

Assessment Revenue $ 2,200,000 $ 2,200,000
Contributions/Interest $ 14,593 $ 16,123

TOTAL

$ 2,214,593 $ 2,216,123

Expenses

Marketing/Promotion $ 402,477 $ 376,957
Security $ 435,357 $ 396,449
Sanitation $ 660,715 $ 681,462
Social Services $ 127,758 $ 104,215
Public Improvements $ 175,730 $ 281,783
Administration $ 317,195 $ 336,752

TOTAL

$ 2,119,232 $ 2,177,618

Net Assets, End of Year

$ 1,351,479 $ 1,389,984