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BUSINESS IMPROVEMENT DISTRICTS
ANNUAL REPORTING REQUIREMENTS
Economic Development,
Placemaking & Branding/Marketing Committee
January 18, 2024
Finance Department
RiversideCA.gov
2 BACKGROUND
• Advisory board approaches City on behalf of a group of businesses
• Desire to have certain services, activities, or benefits within that business area (i.e.: maintenance,
landscaping, improvements, advertising)
• Agree to tax themselves to pay for these additional
services
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3 BUSINESS IMPROVEMENT DISTRICTS
Currently 3 Business Improvement Districts (BID)
• Auto Center – established in July 2011
– Advisory Board: Riverside New Car Dealers Association • Arlington – established in September 2002
– Advisory Board: Arlington Business Partnership
• Downtown – established in June 1985
– Advisory Board: Riverside Downtown Partnership
RiversideCA.gov
4 BUSINESS IMPROVEMENT DISTRICTS
• Formed under Section 36530 of the Streets and
Highways Code
– Hold a Public Hearing
– Adopt a Resolution
– Annual Report
• Additional detail requested by City Council during the Fiscal Year 2023-2024 annual levy process
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5 EXISTING REPORTING REQUIREMENTS
1) Any proposed changes in the boundaries or assessment amounts within the district.
2) The improvements and activities to be provided for that fiscal year. 3) An estimate of the cost of providing the improvements and activities for that fiscal year.
4) The method and basis of levying the assessments in sufficient detail to allow each business owner to estimate the amount of assessment to be levied against his or her business.
5) The amount of any surplus or deficit revenues to be carried over from a previous fiscal year.
6) The amount of any contributions to be made from sources other than the levied assessments.
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6 ADDITIONAL REPORTING SUGGESTIONS
1) Mission Statement including existing board policies and board members. 2) Strategic goals of the BID
3) Community Engagement Plan
a. Specific and tangible benefits the BID is providing to businesses. b. Description of how the advisory board knows the benefits are needed and have been achieved.
c. Clarify how BID staff and activities respond to emerging needs and how those needs are identified.
d. Clarify how progress is tracked over time.
4) Detailed line-item budget for the prior fiscal year and upcoming fiscal year. 5) List of sponsors in prior fiscal year and expected sponsors in upcoming fiscal year. 6) If a website is in place for the BID, provide a link to the website, a description of the resources, financials, and other information that is available to the public through the site. 5 6
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7 Strategic Priority 3 – Economic Opportunity
Goal 3.1 – Facilitate partnerships and programs to develop, attract and retain innovative business sectors.
Cross-Cutting Threads
STRATEGIC PLAN ALIGNMENT
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8 That the Economic Development, Placemaking and
Branding/Marketing Committee:
1. Receive and provide feedback on the proposed
reporting requirements for the Auto Center Business
Improvement District, Arlington Business Improvement
District, and Downtown Parking and Business
Improvement District;
2. Advise staff of the recommended reporting
requirements that should be removed, added, or
amended;
RECOMMENDATIONS
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9 3. Direct staff to work with the Advisory Boards for each Business Improvement District, with review and revision recommendations to the Annual Reports, in order to
conform with the updated reporting requirements
established herein.
RECOMMENDATIONS
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