FY2022/2023
Projections
FY2023/2024
FY2024/2025
Beginning Unreserved Fund Balance
791,996
$
945,933
$
689,333
$
Beginning Reserved Fund Balance (per Contingency Reserve Fund Policy) 561,025
561,025
561,025
Fund Balance
1,353,021
$
1,506,958
$
1,250,358
$
Revenues
TID Assessment
1,265,000
1,300,000
1,366,000
Interest Earnings
5,000
5,100
5,202
TOTAL REVENUE
1,270,000
1,305,100
1,371,202
Expenditures
Administrative Support
Salaries and Benefits
9,363
45,000
45,000
Banking Fees
500
500
500
General Overhead
1,200
1,200
1,200
Subtotal Administrative Support
11,063
46,700
46,700
Collateral Materials
General Supplies
-
5,000
5,000
Food for Meetings (56240)
5,000
5,000
Professional Services
50,000
Other Purchased Services
5,000
5,000
5,000
Subtotal Collateral Materials
5,000
65,000
15,000
Advertising and Marketing
Advertising
-
Contract Marketing
700,000
500,000
500,000
-
Other Paid Advertising and Optional Services
350,000
350,000
Subtotal Advertising and Marketing
700,000
850,000
850,000
Funding Grants to Other Organizations
Contributions/Donations
400,000
600,000
700,000
-
-
-
Street Banner Programs
20,000
-
Lighted Art Festival
200,000
-
Porchfest
10,000
-
Rail Arts District
-
Napa City Nights
-
Goodman Library History Gallery
-
DNA 175th Anniversary Marketing Support - The Table
40,000
-
Napa County Historical Society
Vine Trail DT Improvements - Signage
50,000
-
-
-
Subtotal Funding Grants to Other Organizations
400,000
600,000
700,000
TOTAL OPERATING EXPENSES
1,116,063
1,561,700
1,611,700
Net Operating Position
153,937
(256,600)
(240,498)
Transfer to/
(from)
Reserves
153,937
(256,600)
(240,498)
Estimated Ending Unreserved Fund Balance
945,933
689,333
448,835
Estimated Ending Reserved Fund Balance (per Contingency Reserve Fund Policy) 561,025
561,025
561,025
Contingency Reserve Fund Policy states that the transfer to reserves will be adjusted based on the final net position of the fiscal year.
*The City and TID board shall have the authority to adjust budget allocations between the categories by no more than 20% of the category budget per year.
Contingency Reservce Fund must maintain minimum levels of 35% of budgeted revenue which is $374,850.00 for FY2022/2023.
If Napa TID determines that funds in the CRF must be used, they will also provide a plan for replenishment of the CRF.
Napa Tourism Improvement District (TID)
Budget and Workplan Fiscal Year 2023/2024 2024/2025
Exhibit A
R2023-__ Page 1 of 1