Riverside Downtown Partnership - Budget For the fiscal year July 1, 2023 to June 30, 2024 INCOME EXPENSE DETAIL 2020 - 2021
Actual
2021 - 2022
Revised
Budget
2021 - 2022
Actual
2022 - 2023
Budget
2022 - 2023
Actual to April
2023- 2024
Budget
INCOME
ADMINISTRATION
Administrative Income 17.75$ 150.00$ 259.25$ 225.00$ 357.75$ 400.00$ Interest/Dividend 4,339.19$ 2,500.00$ 2,267.21$ 2,100.00$ 854.47$ 6,500.00$ Other -$ -$ -$ -$ -$ Donation -$ -$ 375.28$ 120.00$ 114.71$ 115.00$ Total Administration 4,356.94$ 2,650.00$ 2,901.74$ 2,445.00$ 1,326.93$ 7,015.00$
MEMBERSHIP
Membership Dues 7,300.00$ 6,500.00$ 7,700.00$ 7,000.00$ 6,150.00$ 7,000.00$ Monthly Luncheons -$ 9,000.00$ 7,035.00$ 12,150.00$ 7,952.10$ 12,960.00$ Luncheon sponsorships -$ 1,000.00$ 500.00$ 500.00$ -$ -$ Annual Meeting -$ 16,500.00$ 21,019.94$ 21,600.00$ 24,230.00$ 22,500.00$ Total Membership 7,300.00$ 33,000.00$ 36,254.94$ 41,250.00$ 38,332.10$ 42,460.00$ BID
BID-Parking 6,516.21$ 5,000.00$ 5,974.70$ 10,000.00$ 9,258.95$ 10,000.00$ BID-Beautification/Maintenance 6,516.19$ 10,000.00$ 11,949.37$ 15,000.00$ 13,888.40$ 45,000.00$ BID-Events 12,517.06$ 25,000.00$ 29,829.55$ 45,000.00$ 41,665.23$ 75,000.00$ BID-Music in Places 17,523.91$ 16,000.00$ 19,110.23$ -$ -$ BID-General Promotion 200,085.69$ 135,000.00$ 161,140.97$ 140,000.00$ 129,544.65$ 220,000.00$ BID-Security 124,986.40$ 177,000.00$ 211,310.80$ 225,000.00$ 208,205.17$ 120,000.00$ sub-total BID levy income 368,145.46$ 368,000.00$ 439,315.62$ 435,000.00$ 402,562.40$ 470,000.00$ Other BID income
Beautification - sponsor -$ -$ -$ -$ -$ -$ Lot 44 lights 250.00$ 250.00$ 250.00$ 250.00$ 125.00$ -$ Promotion - Ads 676.68$ 700.00$ 380.00$ 700.00$ 500.00$ 600.00$ Promotion - other -$ 180.00$ 1,000.00$ 576.00$ 750.00$ Promotion - FOL -$ -$ -$ -$ 9,000.00$ -$ Special Grant for holiday advertising 15,522.00$ -$ -$ -$ -$ -$ Economic Impact Study 11,000.00$ 9,000.00$
Grant - security 40,000.00$ -$ -$ -$ -$ -$ Garage Security contract 41,990.40$ 80,870.40$ 81,259.20$ 80,870.40$ 68,040.00$ -$ Ambassador Security Contract 32,073.60$ -$ -$ -$ -$ -$ Equipment sale 4,500.00$ -$ -$ -$ sub-total other BID income 130,512.68$ 81,820.40$ 86,569.20$ 82,820.40$ 89,241.00$ 10,350.00$ Total BID levy and other income 498,658.14$ 449,820.40$ 525,884.82$ 517,820.40$ 491,803.40$ 480,350.00$ TOTAL REVENUES 510,315.08$ 485,470.40$ 565,041.50$ 561,515.40$ 531,462.43$ 529,825.00$
EXPENSE
ADMINISTRATION
Audit 2,975.00$ 3,000.00$ 3,000.00$ 3,250.00$ 3,225.00$ 3,500.00$ Internet Service 509.75$ 700.00$ 445.09$ 600.00$ 356.31$ 600.00$ Telephone 8,940.55$ 8,350.00$ 5,987.70$ 9,000.00$ 8,728.66$ 14,400.00$ Letterhead -$ -$ -$ 300.00$ 123.09$ 500.00$ Postage 825.02$ 825.00$ 726.83$ 825.00$ 532.97$ 825.00$ Supplies 2,010.53$ 2,500.00$ 1,796.42$ 2,500.00$ 1,992.03$ 2,500.00$ Operating 2,305.95$ 2,500.00$ 3,375.72$ 4,000.00$ 2,620.25$ 4,000.00$ Computers 122.31$ 500.00$ 774.41$ 1,000.00$ 333.97$ 1,000.00$ Equipment 173.56$ 400.00$ -$ 200.00$ Equipment Maintenance 230.86$ 250.00$ 403.53$ 500.00$ 433.53$ 500.00$ Dues/Subscriptions/Licenses 2,238.79$ 1,750.00$ 807.40$ 1,750.00$ 1,833.55$ 2,000.00$ Bank fees 16.82$ 150.00$ 233.91$ 225.00$ 303.48$ 350.00$ Property & Misc. Tax 35.00$ 30.00$ -$ 30.00$ -$ 30.00$ Rent 19,200.00$ 19,200.00$ 19,200.00$ 19,200.00$ 16,000.00$ 19,200.00$ Insurance 8,473.74$ 8,500.00$ 6,500.00$ 6,500.00$ 8,104.00$ 8,200.00$ Bad Debt write-off 80.00$ -$
subtotal Administration 47,884.32$ 48,255.00$ 43,424.57$ 50,080.00$ 44,666.84$ 57,805.00$ RDP 2023 - 2024 budget approved by Board June 14 2023 Final 1 Riverside Downtown Partnership - Budget For the fiscal year July 1, 2023 to June 30, 2024 INCOME EXPENSE DETAIL 2020 - 2021
Actual
2021 - 2022
Revised
2021 - 2022
Actual
2022 - 2023
Budget
2022 - 2023
Actual to April
2023- 2024
Budget
SALARIES AND BENEFITS
Allocated Wage 32,380.89$ 41,521.00$ 53,973.57$ 44,770.10$ 44,433.21$ 46,860.00$ Payroll Taxes 2,536.35$ 3,736.90$ 3,058.01$ 4,051.69$ 2,933.23$ 3,584.79$ ADP Fee 460.35$ 650.00$ 604.16$ 750.00$ 604.15$ 750.00$ Workers Comp 1,737.53$ 1,000.00$ 967.74$ 1,000.00$ 131.39$ 1,000.00$ Medical 47,442.80$ 36,000.00$ 34,967.51$ 39,144.00$ 27,527.38$ 40,278.00$ Life Insurance 1,179.00$ 1,440.00$ 1,552.80$ 1,850.00$ 1,537.00$ 1,850.00$ Dental 607.92$ 700.00$ 609.14$ 700.00$ 508.79$ 700.00$ Additional Staff Member -$
subtotal Salaries & Benefits 86,344.84$ 85,047.90$ 95,732.93$ 92,265.79$ 77,675.15$ 95,022.79$
BUSINESS
Parking 1,750.00$ 1,680.00$ 1,920.00$ 4,560.00$ 1,300.00$ 2,040.00$ Conference / Travel -$ -$ -$ -$ -$ -$ Depreciation 1,953.72$ 2,200.00$ 1,716.96$ 1,750.00$ 1,457.40$ 1,975.00$ Bus. Develop / Mktg. 188.28$ 250.00$ 114.95$ 250.00$ 135.42$ 250.00$ Prof. Development/Seminars -$ -$ -$ -$ -$ -$ subtotal Business 3,892.00$ 4,130.00$ 3,751.91$ 6,560.00$ 2,892.82$ 4,265.00$
MEETINGS
Committees 19.91$ 175.00$ 54.85$ 175.00$ 154.43$ 175.00$ Directors 105.89$ 1,450.00$ 520.78$ 600.00$ 555.44$ 700.00$ Staff 30.45$ -$ 45.13$ -$ -$ -$ subtotal Meetings 156.25$ 1,625.00$ 620.76$ 775.00$ 709.87$ 875.00$ TOTAL ADMINISTRATION 138,277.41$ 139,057.90$ 143,530.17$ 149,680.79$ 125,944.68$ 157,967.79$
MEMBERSHIP
Misc. Expenses -$ -$ -$ 325.00$ -$ 500.00$ Monthly luncheons 174.24$ 9,752.00$ 7,110.34$ 11,925.00$ 7,724.55$ 12,852.00$ Annual Meeting -$ 16,500.00$ 17,808.31$ 20,000.00$ 20,347.13$ 22,850.00$ Allocated Wage 1,513.70$ 10,040.00$ 9,460.10$ 10,619.01$ 10,809.49$ 12,551.80$ Allocated Payroll Tax 119.83$ 903.60$ 743.25$ 961.02$ 865.07$ 960.21$ subtotal Membership 1,807.77$ 37,195.60$ 35,122.00$ 43,830.03$ 39,746.24$ 49,714.01$ BID
General
Strategic Plan 12,000.00$ 12,794.85$ 2,500.00$ -$ 12,500.00$ Economic Impact Study 10,000.00$ 10,000.00$
Allocated Wage - General 33,841.49$ 28,899.00$ 30,415.31$ 30,186.86$ 22,778.19$ 29,269.56$ Payroll Tax - General 2,675.43$ 2,600.91$ 2,412.69$ 2,731.91$ 1,831.09$ 2,239.12$ subtotal BID General 36,516.92$ 43,499.91$ 45,622.85$ 35,418.77$ 34,609.28$ 54,008.68$ Parking
Promos 2,500.00$ 215.20$ 3,500.00$
Allocated Wage 5,231.55$ 2,116.00$ 5,319.23$ 2,228.43$ 7,225.05$ 2,334.18$ Payroll Tax 416.07$ 190.44$ 423.77$ 201.67$ 577.83$ 178.56$ subtotal Parking 5,647.62$ 2,306.44$ 5,743.00$ 4,930.10$ 8,018.08$ 6,012.74$ Beautification
Beaut./Maint. Initiatives 1,413.64$ 6,000.00$ 1,419.51$ 6,000.00$ 1,715.09$ 25,000.00$ Allocated Wage 1,248.36$ 1,058.00$ 560.51$ 1,114.22$ 735.72$ 5,531.56$ Allocated Payroll tax 97.47$ 95.22$ 43.89$ 100.84$ 57.48$ 423.16$ subtotal Beautification 2,759.47$ 7,153.22$ 2,023.91$ 7,215.06$ 2,508.29$ 30,954.72$ Events
Event sponsorships 2,975.00$ 4,500.00$ 3,805.28$ 6,000.00$ 8,100.00$ 20,000.00$ Event Insurance 700.00$ 700.00$ 700.00$ 700.00$ -$ -$ Doors Open Riverside -$ 2,000.00$ -$ 2,000.00$ -$ 2,000.00$ Art and Music Festival -$ 7,500.00$ 4,291.34$ 6,500.00$ 5,861.85$ 9,000.00$ Halloween Fest -$ 11,000.00$ 11,000.00$ 9,000.00$ -$ -$ FOL window decorating 350.00$ 450.00$ 350.00$ 550.00$ 510.00$ 750.00$ FOL entertainment/vendors 10,900.63$ -$
Allocated Wage 2,659.16$ 1,854.00$ 5,818.93$ 3,058.43$ 6,890.75$ 9,336.72$ Allocated Payroll Tax 209.64$ 166.86$ 455.81$ 275.26$ 535.49$ 714.26$ subtotal Events 6,893.80$ 28,170.86$ 26,421.36$ 28,083.69$ 32,798.72$ 41,800.98$ RDP 2023 - 2024 budget approved by Board June 14 2023 Final 2 Riverside Downtown Partnership - Budget For the fiscal year July 1, 2023 to June 30, 2024 INCOME EXPENSE DETAIL 2020 - 2021
Actual
2021 - 2022
Revised
2021 - 2022
Actual
2022 - 2023
Budget
2022 - 2023
Actual
2023- 2024
Budget
Music in Public Places
Misc events 1,500.00$ -$ -$ -$ -$ Allocated Wage 33.47$ 1,058.00$ -$ -$ -$ -$ Allocated Payroll Tax 2.62$ 95.22$ -$ -$ -$ -$ subtotal Music in Public Places 36.09$ 2,653.22$ -$ -$ -$ -$ Business Promotion
Public Promotion 40,937.56$ 38,962.51$ 34,662.00$ BID Bulletin 34,182.00$ -$ 39,000.00$ -$ 41,000.00$ Historic Walking Guide -$ -$ -$ Other -$ 3,260.00$ -$ 1,500.00$ -$ 8,000.00$ Special Grant for holiday advertising 15,272.00$ -$ -$ -$ -$ -$ Promo items -$ -$ -$ 1,000.00$ -$ 3,527.67$ Retail Promotion 5,348.91$ 6,507.02$ 6,669.40$ 6,000.00$ 794.59$ 12,780.00$ Pocket and dining guide 2,750.00$ -$ 5,000.00$ -$ 6,500.00$ Website 1,763.25$ 2,500.00$ 1,701.40$ 2,000.00$ 1,182.86$ 2,500.00$ Allocated Wage 38,090.42$ 29,687.00$ 31,210.30$ 31,039.51$ 24,095.97$ 32,643.10$ Allocated Payroll Tax 3,007.39$ 2,671.83$ 2,448.79$ 2,809.08$ 1,928.04$ 2,497.20$ subtotal Business Promotion 104,419.53$ 81,557.85$ 80,992.40$ 88,348.59$ 62,663.46$ 109,447.97$ Security
Ambassador related expenses 5,580.04$ 3,500.00$ 5,979.44$ 8,180.00$ 3,627.66$ 7,100.00$ Misc Security 86.51$ 8,280.00$ -$ -$ 13.48$ -$ Ambassador payroll 59,702.50$ 36,326.25$ 35,970.00$ 46,517.63$ 36,679.91$ 49,092.00$ Ambassador payroll tax 5,109.87$ 3,269.36$ 3,059.87$ 4,209.85$ 3,114.07$ 4,000.00$ Workers Comp 4,850.47$ 3,000.00$ 1,413.85$ 3,500.00$ 2,881.84$ 4,000.00$ External Security 149,201.00$ 129,605.00$ 137,632.00$ 43,680.00$ 72,960.00$ -$ Garage Security 33,856.00$ 76,544.00$ 76,912.00$ 76,544.00$ 64,400.00$ -$ Grant Security 25,024.00$ -$ -$ -$ -$ -$ GEM Repair 8,272.40$ 3,500.00$ 1,407.00$ 2,500.00$ 6,704.88$ 2,500.00$ GEM insurance 4,211.00$ 4,200.00$ 3,756.00$ 3,800.00$ 3,010.00$ 4,000.00$ Allocated Wage 19,571.64$ 15,831.00$ 14,125.79$ 16,826.00$ 10,950.38$ 8,570.46$ Allocated Payroll Tax 1,551.86$ 1,424.79$ 1,110.11$ 1,514.34$ 879.25$ 655.64$ subtotal Security 317,017.29$ 285,480.40$ 281,366.06$ 207,271.82$ 205,221.47$ 79,918.10$ subtotal BID 473,290.72$ 450,821.90$ 442,169.58$ 371,268.02$ 345,819.30$ 322,143.20$ TOTAL EXPENSES 613,375.90$ 627,075.40$ 620,821.75$ 564,778.84$ 511,510.22$ 529,825.00$ NET INCOME (103,060.82)$ (141,605.00)$ (55,780.25)$ (3,263.44)$ 19,952.21$ 0.00$ Event sponsorships
Day of the Dead 1,000.00$ 2,500.00$ 2,500.00$ Miracle on Main 500.00$ 2,500.00$
Mission Inn Run 1,000.00$ 1,000.00$ 1,500.00$ Chanukah 750.00$ 750.00$ 1,000.00$
Ad Hoc 750.00$ 2,250.00$ 12,500.00$
7,000.00$ 20,000.00$
RDP 2023 - 2024 budget approved by Board June 14 2023 Final 3