January 31, 2022
Eric Fonstein
Community Development Manager
City of Alameda
Re: BIA Report, West Alameda Business Association
Please accept the BIA report including:
• List of Current Board of Directors
• Balance Sheet ytd December 2021
• Profit & Loss ytd December 2021
• Beacon Business Bank Statement December 2021- Operating Account • Beacon Business Bank Statement December 2021 - Restricted Account • Edward Jones Statement December 2021 -Reserve Account • Draft Budget 2022
Our second year of navigating t hrough a pandemic was easier than the first year of an unknown future for our members and organization. Now, with our experience we can manage anything that comes our way. We have increased the number of voting Board members from 9 to 11 and brought on a West End resident as a non-voting member to continue with our Friends of the West End.
Our Financial position remains strong with very little turnover of businesses. Our businesses are still in recovery, therefore we support forgoing the annual CPI increase and returning to the previous billing cycle.
We look forward to continuing our efforts for the betterment of our District and great collaboration between W ABA and the City of Alameda.
Regards,
Linda
Linda Asbury
Executive Director
West Alameda Business Association
[email protected]
510.523.5955
ASSETS
Current Assets
Bank Accounts
Beacon Bank Restricted( 4221)
West Alameda Business Association
Balance Sheet
As of December 31, 2021
Beacon Business Bank - Operating Chkg(7241)
Edward Jones - Money Market
Totai.Banl<Accounts
Accounts Receivable
Accounts Receivable
Total Accounts Receblable
Other Current Assets
Prepaid Expenditures
Undeposited Funds
Total Other Current.Assets
T ota1 Current .Assets
Fixed Assets
Accumul ated Depreciation
Furniture and Equipment
Computer equipment
Total Furniture and Equipment
Total FJXed Assets
Other Assets
Rent Deposit
Total Other Assets
TOTAL ASSETS
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts Payable
Accounts Payable
Total Accounts .Payable
T ota1 Current liab111tles
Long-Term Liabilities
Grant - Sewald
Total Long-T enn liabUitles
Total UablUties
Equity
Opening Bal Equity
Unrestricted Net Assets
Net Income
Total EqUity
TOTAL UABlLITlES .AND EQUITY
Cash Basis Thursday, January 20, 2022 05:05 PM GMT-08:00 TOTAL
4,918.23
52,816.46
75,009.80
$132.744.49
0.00 $Et00
10,892.18
0.00 $1f).892.18
$143.636.67
-550.00
3,705.50
3,705.50
"$3,155.50
1,000.00
$1,000.00
$147,792.17
0.00 $0.00
$0.00
10,000.00
$10,000.00
$10.000.00
90,801.18
40,276.39
6,714.60
$137,792.17
$147.792.17
1/1
West Alameda Business Association
Income
ATM Revenue
INCOME
EVENT REVENUE
Halloween
Iota! EVENI.:BBlENIJE
MEMBERSHIP & FEES
BIA Fees (income)
Ietai..MEMBERSJ: &EEES
Ietai.JNCOM.E
Sponsorship (income)
Ietallneeme
GROSS PROFIT
Expenses
EXPENSES GENERAL
EVENT EXPENSES
Events- Mise
Magickal Market
Ietal.ElENI..EXP..ENSES
IetalEXP..ENSES GENEBAL
GENERAL ADMINISTRATION COSTS
OFFICE EXPENSES
-Cleaning service
-Office Supplies
-P.O. Box
-Postage & delivery
-Utilities
Telephone-internet service
Iota!. ....UtltiiiDs
Casual Labor
Dues & Subscriptions
Fees
Baltsoft
Drop Box
Google suite
QuickBooks Payments Fees
Ietalfees
Insurance
Liability
Profit and Loss
January- December 2021
Cash Basis Thursday, January 20, 2022 05:04PM GMT-08:00 TOTAL
2,848.80
1 '156.00
US6.88
71,379.81
.1U:ZU1
72prli35.81
42,785 .90
$111,.110.S1
$118.1.7fl.51
622.91
865.96
750.00
3,500.00
-U.15.98
-5.131.11
23.97 116.10
780.00
449.43
226.00
164.98
1,006.99
U6U9
500.00
1,074.36
90.00 119.88
216.96
810.00
U3U4
2,529.00
1/3
West Alameda Business Association
Ietai.Jnawar.Jee
Miscellaneous(printing, etc.)
Office rent
Office Repair and Maintenance
IGtal. OFFICE .EXPENSES
Professional Fees
Accounting & Tax Preparation
Consultants
Ietal.P.mfsaaranal.fee8
Salaries
Bookkeeper (Tj S.)
Executive Director {Linda A.)
Ietal.~
IetaL GENEBALAllMJNISIBAII£lN cas:rs
MARKETING AND PROMOTION GENERAL
Events
Printing & copying
Promotions
Marketing Professional Services
Materials
IetalP.mme&ms
Social Media Services
WABA -Rebranding Project
WEBSITE
Website maintenance
IetaLWEBSIIE
Ietal...MARKEIING.ANDP.ROME>IIeN GENEBAL.
WEBSTER ST
Alfresco Dining Out Program
Banner materials
Holiday - Installatio n & Supplies
Holiday decoration supplies
Ietal.HaJtdav-.Jnstallatlan &...Su~
Ietal.WEBSIER-SI
I~
NET OPERATING INCOME
Other Income
Interest Income
Ietal. E>tbar.Jneeme
Profit and Loss
January- December 2021
Cash Basis Thursday, January 20, 2022 05:04 PM GMT -08:00 TOTAL
~
309.89
7,879.08
36.05 1&.388.12
1,650.00
2,000 .00
3.&56.00
1,705.00
1,585.00
31 ,200.00
34,.496.Sf)
.54_.412.B9
135.00
2,400.00
6,113.40
2,620 .00
422.10
3.942..1-9
7,200.00
2,345.00
84.50 84.59
.2.1.328.86
6,338.12
20,056.49
2,504.50
956.16
11 .06
KZ.22
.29,186.33-
$111.,3!1.89
$&,n2&2
42.64 $42.84
2/3
Other Expenses
Taxes
Ietai.Oiber~
NET OTHER INCOME
NET INCOME
West Alameda Business Association
Profit and Loss
January- December 2021
Cash Basis Thursday, January 20, 2022 05:04PM GMT -08:00 TOTAL
100.66
$188.66
$-51.82
$6.114.&8
3/3
West Alameda Business Association
Budget Overview 2022
January- December
Jan Feb March Apr May Jun Jul Aug Sep Oct Nov Dec Total Income
INCOME
MEMBERSHIP & FEES
BIAFees 10,000.00 10,000.00 10,000.00 15,000.00 15,000.00 15,000.00 75,000.00 Sponsorship 8,750.00 8,750.00 8,750.00 8,750.00 35,000.00 Tier Membersh ips 500.00 500.00 1,000.00
To1al MEMBERSHIP & FEES $ 0.00 $ 18,750.00 $ 0.00 $ 0.00 $ 10,500.00 $15,500.00 $ 23,750.00 $ 15,000.00 $ 0.00 $ 8,750.00 $ 0.00 $111,000.00 PARKING PASS PROGRAM 450.00 450.00 450.00 450.00 1,800.00 $ 0.00
ATM 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 250.00 2,500.00 Total Income $ 250.00 $ 19,000.00 $ 700.00 $ 250.00 $ 19,000.00 $ 11,200.00 $15,750.00 $ 24,000.00 $ 15,700.00 $ 250.00 $ 9,000.00 $ 250.00 $ 115,350.00 Expenses
EXPENSES GENERAL
EVENT EXPENSES 0.00
GENERAL ADMINISTRATION
COSTS
OFFICE EXPENSES
-Cleaning service 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 65.00 -Office Supplies 50.00 50.00 50.00 50.00 50.00 50.00
-P.O . Box 172.00 172.00
-Telephone and Internet 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 1,200.00 Domain/hosting 29.95 329.95 359.90
Fees s 147.00 $ 147.00 $ 147.00 $ 147.00 s 147.00 $ 147.00 s 147.00 $ 147.00 $ 147.00 $ 147.00 $ 147.00 $ 147.00 $ 1,764.00 D & Of liability $ 697.00 $ 1,000.00 $ 1,697.00
Office Rent 675.00 675.00 675.00 675.00 675.00 675.00 675.00 675.00 675.00 675.00 675.00 675.00 8,100.00 Total Office expenses 1,667.90 969.00 1,019.00 969.00 1,019.00 969.00 1,019.00 969.001 1,019.00 969.00 2,019.00 969.00 13,292.00 Events- July 4th/ Christmas s 2,500.00 $ 2,500.00 $2,500 .00 $ 2,500.00 $ 10,000.00 Profess ional Fees
Accounting & Tax 100.00 100.00
Tax prerparation 1,000.00 1,000.00
To1al Profess ional Fees $ 0.00 $ 0.00 $ 0.00 s 1,100.00 $ 0.00 $ 0.00 s 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 1,100.00 Salaries
Bookkeeper 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 200.00 2,400.00 Executive Director 2,600.00 2,600.00 2,600.00 2,600.00 2,600.00 2,600.00 2,600.00 2,600.00 2,600.00 2,600.00 2,600.00 2,600.00 31,200.00 Mar1<etlng 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00 To1al Salaries $ 3,800.00 $ 3,800.00 $ 3,800.00 $ 3,800.00 $ 3,800.00 $ 3,800.00 s 3,800.00 $ 3,800.00 $ 3,800.00 $3,800.00 $ 3,800.00 $3,800 .00 $ 45,600.00 Merchants Events $ 2,000.00 $ 2,000.00 $ 2,000.00 $ 2,000.00 $ 2,000.00 $ 2,000.00 $ 2,000.00 $ 2,000.00 $2,000.00 $ 2,000.00 $2,000. 00 $ 22,000.00 Marketing and Promotion 300.00 300.00 300.00 300.00 300.00 300.00 300.00 300.00 300.00 300.00 300.00 300.00 3,600.00 Printing & copying 100.00 100.00 100.00 100.00 400.00
Webster street Banners 5,000.00 5,000.00
Total Marketing and Promotion $ 300.00 $ 300.00 $ 400.00 $ 300.00 $ 300.00 $ 5,400.00 $ 300.00 $ 300.00 $ 400.00 $ 300.00 $ 300.00 $ 400.00 $ 9,000.00 To1al Expenses $ 8,287.00 $ 100,992.00
CONTINGENCY - ··--·-- ~---'----
$14,358.00
·-- -- -