Revenues FY23/24 FY24/25 % Diff.
Bayside District Assessment $1,320,880.00 $1,182,128.55 89.50% CBD Assessment $110,000.00 $137,323.53 124.84%
Zone 1/2/3 Assessment $4,694,654.00 $4,753,583.97 101.26% Zone L Assessment $505,925.00 $567,818.80 112.23%
Zone O Assessment $406,938.00 $413,169.60 101.53%
City Parks Program $1,495,636.00 $1,569,204.00 104.92%
Vending and Activations $52,000.00 $125,000.00 240.38%
Event Fees & Filming $200,000.00 $200,000.00 100.00%
ICE@SM $1,320,000.00 $320,000.00 24.24%
Other Income $102,000.00 $102,000.00 100.00%
Total FY23/24 Revenue $10,208,033.00 $9,370,228.45 91.79% Expenditures FY23/24 FY24/25 % Diff.
Operations and Public Space Management (71.87%)
- Downtown Security Services $1,700,000.00 $710,000.00 41.76% - Parking Structure Maintenance $994,088.02 $1,296,682.71 130.44% - Zone 1, 2, & 3 Maintenance $1,024,261.80 $1,078,593.72 105.30% - Lincoln Blvd. Maintenance $184,807.38 $172,460.67 93.32% - Colorado Blvd. Maintenanace $246,409.84 $236,840.05 96.12% - PS Restroom Monitoring $492,819.68 $550,874.86 111.78% - Downtown Outreach Program $133,445.23 $202,508.63 151.75% - City Parks Attendant Program $1,315,251.90 $1,297,979.28 98.69% - Supplies and Materials $2,500.00 $10,000.00 400.00%
- Infrastructure $40,000.00 $70,000.00 175.00%
- Landscaping $26,500.00 $28,000.00 105.66%
- Decorative Lighting $150,000.00 $250,000.00 166.67%
- Winter Décor $619,028.00 $330,000.00 53.31%
- Lincoln Beautification $50,000.00 $50,000.00 100.00%
- Labor Distribution $443,759.55 $498,006.46 112.22%
Subtotal $7,422,871.40 $6,781,946.38 91.37%
Communications, Events & Development (20.99%)
- Community Events & Activations $285,000.00 $580,000.00 203.51% - Sponsorships and Partnerships $15,000.00 $25,000.00 166.67% - Creative Development $50,000.00 $71,000.00 142.00%
- Public Relations $69,000.00 $70,000.00 101.45%
- Advertising $75,000.00 $115,000.00 153.33%
- Website Maintenance $33,500.00 $10,000.00 29.85%
- Downtown Signage $40,000.00 $70,000.00 175.00%
- Economic Development $15,000.00 $56,000.00 373.33%
- Vending Program Management $10,000.00 $2,000.00 20.00% - Stakeholder Outreach $15,000.00 $5,000.00 33.33%
- Data Services $47,000.00 $25,000.00 53.19%
- Ice@Santa Monica $1,011,596.00 $100,000.00 9.89%
- Labor Distribution $801,134.80 $851,845.06 106.33%
Subtotal $2,467,230.80 $1,980,845.06 80.29%
Organizational Management (7.14%)
- General Office Supplies and Maintenance$12,250.00 $12,250.00 100.00% - Software/Subscriptions $22,000.00 $18,000.00 81.82%
- Occupancy $215,000.00 $195,000.00 90.70%
- Telephone $13,400.00 $14,500.00 108.21%
- Accounting $48,000.00 $44,000.00 91.67%
- Audit $20,000.00 $20,000.00 100.00%
- Legal $100,000.00 $50,000.00 50.00%
- Human Resources $13,370.00 $12,500.00 93.49%
- Equipment Rental $7,500.00 $7,500.00 100.00%
- Taxes & Licenses $350.00 $600.00 171.43%
- Memberships & Subscriptions $6,000.00 $6,000.00 100.00% - Postage $100.00 $100.00 100.00%
- Travel & Auto $15,000.00 $15,000.00 100.00%
- Education and Staff Development $26,500.00 $26,500.00 100.00% - Development $10,000.00 $10,000.00 100.00%
- Insurance $53,000.00 $55,000.00 103.77%
- Parking $200.00 $200.00 100.00%
- Bank Charges $3,000.00 $4,000.00 133.33%
- Meetings $7,000.00 $7,000.00 $1.00
- Labor Distribution $166,961.01 $175,867.18 105.33%
Subtotal $739,631.01 $674,017.18 91.13%
TOTAL FY23/24 Budget $10,629,733.21 $9,436,808.62 88.78% Total Forecasted Revenue $9,370,228.45
Total Forecasted Expenditures $9,436,808.62
FY24/25 Loss -$66,580.17
Cash Reserve $1,941,879.72
DTSM, Inc. FY2024/2025 Budget