REGULAR BOARD MEETING
AGENDA
Downtown Development Authority
Tuesday, June 20, 2023
8:30 AM
300 Clematis Street, Suite 200
West Palm Beach, FL 33401
https://downtownwpb.com/DDA
Dial: +1 301 715 8592
Webinar ID: 850 4544 6133
CALL TO ORDER
PUBLIC COMMENTS AND QUESTIONS
EXECUTIVE DIRECTOR’S REPORT
PRESENTATIONS
• Trojan Rocking Horses | Dreams Do Come True
• Miami Book Fair
• Recognition of Cynthia Nalley
CONSENT CALENDAR (Action Required)
• Minutes of Regular Board Meeting May 16, 2023
• Financial Statements of May 31, 2023
OLD BUSINESS (Action Required)
• Landscaping Contract Renewal
NEW BUSINESS (Action Required)
• Preliminary Budget Discussion
ANNOUNCEMENTS
ADJOURNMENT
Rick Reikenis
Raphael Clemente
Sherryl Muriente
Samantha Bratter
Raphael Clemente
Rick Reikenis
Catherine Ast
Raphael Clemente
300 Clematis Street, Suite 200, West Palm Beach, FL 33401 Phone: 561.833 8873|Fax: 561.833.5870| www.downtownwpb.com
REGULAR BOARD MEETING MINUTES
Downtown Development Authority
Tuesday, May 16, 2023
8:30 AM
300 Clematis Street, Suite 200
West Palm Beach, FL 33401
https://downtownwpb.com/DDA
Dial: +1 301 715 8592
Webinar ID: 816 8151 4156
ATTENDANCE
DDA Board members in attendance: Chairman Rick Reikenis, Vice Chairman William Jacobson, Samantha Bratter, Varisa Lall Dass, Daryl Houston, and Cynthia Nalley DDA Staff in attendance: Raphael Clemente, Teneka JamesFeaman, Vivian Ryland, Catherine Ast, Krystal Campi, Tiffany Faublas, Sabrina Lolo, Samantha Moore, Sherryl Muriente and Attorney Max Lohman Guest in attendance: Peter Cruise, William Roger Cummings, Steve Daniels, and Sitima Fowler. Virtual Attendance: Adriana Akers and Leah Rockwell
CALL TO ORDER
Chairman Reikenis called the meeting to order at 8:33 a.m.
PUBLIC COMMENTS
None
EXECUTIVE DIRECTOR’S REPORT
Clemente reported that $160,000 in funding has been committed to date to the West Palm Beach Mobility Coalition; additional partnerships are being pursued. Now looking to hire an employee to work hand in hand with Mr. Hopkins and eventually move into the role of leading the organization.
Clemente provided an update on recent DDA programs and projects including the donation of electric bikes and carts for the Police Department which received extensive media coverage and were an asset during Sunfest. Pride Fest is moving forward and DDA is a sponsor of the event. The Chess Park furniture is scheduled to be delivered later this week. He added that DDA Staff member, Sherryl Muriente recently presented at IDA’s Placemaking Summit in Minneapolis. Que Bacano, the dominos and dancing event held on the first Friday of the month in the City Hall courtyard, is a remarkable success. The tree project requires an additional legal agreement with the city, which is currently being drafted, and will be reviewed by Lohman once available.
PRESENTATIONS
Gehl Dashboard
Muriente provided an overview of data collection history since 2014 in Downtown West Palm Beach. By using Gehl’s method of pedestrian and bicycle counts as well as stationary activity, we’ve been able to access how the
300 Clematis Street, Suite 200, West Palm Beach, FL 33401 Phone: 561.833 8873|Fax: 561.833.5870| www.downtownwpb.com
public realm is being used to better serve the community and identify opportunities for placemaking programming. She invited Adriana Akers, Gehl, to present the Public Life data dashboard. Akers presented the internal dashboard, which she explained is much more detailed and can be filtered by day, block, movement, etc. The internal dashboard is for the DDA to do strategy and assessment work to see the impact over time. She then presented the public facing dashboard which has simplified data for the public to use. It provides a quarterly summary and can be filtered by weekday or weekends, blocks, and types of activity.
DNA Budget Request
Sitima Fowler, DNA President, and Peter Cruise, DNA Board Member, presented a request to remodel the Meyer Amphitheater restrooms. Cruise explained that DNA conducted a neighborhood survey to identify capital projects in August 2022 and presented the results to the DDA board in September 2022 In April 2023 the DNA board voted to request that the Meyer Restroom remodel project be included in the FY 23 – 24 DDA Capital Project Budget. They shared images of the current state of the restrooms and provided a quote received from J. Rawn Enterprises prepared in February 2022 for a total cost of $147,980. The board discussed the request and Leah Rockwell, City of West Palm Beach Director of Parks and Recreation, was invited to provide information and assist in answering board members’ questions.
Nalley made a motion to consider allocating $150,000 of capital improvement funding for FY 23 – 24 to remodel the Meyer Amphitheater restrooms. Houston seconded the motion. The motion passed 5 to 1. Jacobson dissented.
CONSENT CALENDAR
Minutes of Regular Board Meeting April 18, 2023
Financial Statement of April 30, 2023
Lall Dass made a motion to approve the consent calendar. Vice Chairman Jacobson seconded the motion. The motion passed unanimously.
OLD BUSINESS
None
NEW BUSINESS
FY 2022 Financial Audit Report
Ryland presented the financial audit report for fiscal year 2022. She highlighted that the audit firm reported no findings for the agency. The DDA’s net position at the end of FY 2022 was $3,830,601. The carryforward budget line item for FY 23 increased $1,074,934.
Houston made a motion to approve the FY 2022 Audit report. Lall Dass seconded the motion. The motion passed unanimously.
Budget Amendment Carryforward
Ryland presented the Carryfoward budget amendment resolution and revised budget reflecting the proposed changes to the 2023 budget due to the adjustments to the CRA and DDA carryforward balances as a result of the annual audit for fiscal year 2022.
Key points of the budget amendment include the following: Carryforward adjustment to $3,601,875; Reserves adjusted from $893,707; Funds added to Public Realm Maintenance and Property and Business Incentives.
Street, Suite
West Palm Beach,
300 Clematis
200,
FL 33401 Phone: 561.833 8873|Fax: 561.833.5870| www.downtownwpb.com
Lohman read Resolution 03-2023 for the record.
Lall Dass made a motion to approve Budget Amendment Resolution 03-2023 – Carryforward. Vice Chairman Jacobson seconded the motion. The motion passed unanimously.
ANNOUNCEMENTS Board Workshop
Clemente informed the board that he will be sending out a few days to choose from for a half day board workshop to plan for the next fiscal year.
Medical Marijuana Dispensaries
Clemente asked to add to the agenda a discussion on the Medical Marijuana Dispensary Ordinance because it will be reviewed at the City Commission prior to the next DDA Board Meeting and would like board feedback on the DDA’s position to present to City Commission. Clemente reviewed the current Ordinance and then presented the proposed changes City Staff is recommending. City Staff recommends banning dispensaries in the Clematis Waterfront District and then anywhere else there would be a required quarter mile separation between any dispensary or pharmacy. DAC recommended a half mile separation, and the Planning Board recommended no changes at all and suggested free-market control what happens.
Vice Chairman Jacobson made a motion for Clemente to request the City Commission focus on Downtown Master Plan area following City Staff or DAC recommendation of quarter or half mile separation. Lall Dass seconded the motion. The motion passed unanimously.
ADJOURNMENT
Lall Dass made a motion to adjourn the meeting. Vice Chairman Jacobson seconded the motion. The motion passed unanimously. Meeting adjourned at 10:23 am.
300 Clematis Street, Suite 200, West Palm Beach, FL 33401 Phone: 561.833 8873|Fax: 561.833.5870| www.downtownwpb.com
ASSETS
May 31, 2023
West Palm Beach Downtown Development Authority Balance Sheet No CPA provides any assurance on these financial statements.
Current Assets PNC Bank Operating 1,276,262 Valley National Bank - MMA 161,443 PNC Investment Management Acct 4,024,624 Petty Cash 50 Interest Income Receivable 3,193 Total Current Assets 5,465,572 Other Assets Lease Security Deposit 23,000 Total Other Assets 23,000 Total Assets 5,488,572 LIABILITIES AND FUND BALANCE Current Liabilities Due to Lincoln National 12,082 Vision Premium Payable 142 Flexible Spending Withholding 771 Suppl Med Ins. Premium Payable 94 Total Current Liabilities 13,089 Fund Balance 3,601,875 Net Income 1,873,608 Total Fund Balance 5,475,483 Total Liabilities and Fund Balance 5,488,572
West Palm Beach Downtown Development Authority
No CPA provides any assurance on these financial statements.
Trolley Gross Annual Budget Work Plan Services Marketing Security Incentives Month Year-to-Date Budget % Y-T-D Y-T-D Y-T-D Y-T-D Y-T-D Current Year Revenues - Schedule 1 216,213 6,138,738 6,366,707 96.4% 3,248,738 875,000 1,265,000 650,000 100,000 Expenditures Business Development - Schedule 2 20,217 104,854 693,987 15.1% 73,272 31,582 Public Realm Maintenance - Schedule 3 106,981 1,069,925 2,120,700 50.5% 1,069,925 Marketing/Public Relations- Schedule 4 25,035 577,894 1,580,000 36.6% 0 577,894 Neighborhood Services - Schedule 5 178,780 1,498,678 2,220,000 67.5% 233,518 789,343 475,817 General Office - Schedule 6 6,549 42,854 69,760 61.4% 42,854 Operations - Schedule 7 1,729 14,022 31,328 44.8% 14,022 Professional Services - Schedule 8 31,082 137,269 200,000 68.6% 137,269 Total Personnel Expense 89,039 651,778 1,045,000 62.4% 651,778 Insurance Expense 0 44,775 40,000 111.9% 44,775 Total Rent Expense 13,161 107,848 200,000 53.9% 107,848 Tax Collection 0 12,946 20,000 64.7% 12,946 Travel and Training 199 2,289 16,000 14.3% 2,289 Reserves 0 0 656,873 0.0% Total Expenditures 472,772 4,265,132 8,893,648 48.0% 2,390,496 789,343 577,894 475,817 31,582 Current Year Surplus (Deficit) (256,559) 1,873,606 (2,526,941) 858,242 85,657 687,106 174,183 68,418 DDA Carryforward 282 5,483 99,487 5.5% 5,483 0 0 0 0 CRA Carryforward 41,938 1,091,640 2,427,454 45.0% 563,406 100,000 266,652 130,000 31,582 Total Carry Forwards 42,220 1,097,123 2,526,941 43.4% 568,889 100,000 266,652 130,000 31,582 Net Total Surplus (Deficit) (214,339) 2,970,729 0 1,427,131 185,657 953,758 304,183 100,000
Statement of Revenues And Expenditures May 31, 2023
Supplemental Schedules
May 31, 2023
SCHEDULE 1 - CURRENT YEAR REVENUES
No CPA provides any assurance on these financial statements.
-
Gross Trolley Annual Budget Work Plan Services Marketing Security Incentives Current Year Revenues Month Year-to-Date Budget % Y-T-D Y-T-D Y-T-D Y-T-D Y-T-D Tax Revenues 11,011 2,949,810 2,945,187 100.2% 2,849,810 100,000 TIF 0 (2,821,581) (2,763,173) 102.1% (2,821,581) Rosemary Square MOU 135,000 135,000 135,000 100.0% 135,000 DDA/CRA Interlocal 0 5,765,076 5,768,493 99.9% 2,975,076 875,000 1,265,000 650,000 CRA Project Funding 0 0 280,700 0.0% 0 DDA/City Interlocal Agreement 59,400 59,400 0 0.0% 59,400 Interest Income 10,802 26,982 500 5396.4% 26,982 Dividend Income 0 0 0 0.0% 0 Gain or (Loss) on Investments 0 22,525 0 0.0% 22,525 Virgin Trains USA Ticket Sales 0 0 0 0.0% 0 Sponsorships 0 0 0 0.0% 0 Fees and Services 0 178 0 0.0% 178 Grants and Contributions 0 1,288 0 0.0% 1,288 Total Reimbursements 0 0 0 0.0% 0 Other Miscellaneous Income 0 0 0 0.0% 0 Gain (Loss) on Sale of Assets 0 60 0 0.0% 60 0 Total Current Year Revenues 216,213 6,138,738 6,366,707 96.4% 3,248,738 875,000 1,265,000 650,000 100,000
West Palm Beach Downtown Development Authority
May 31, 2023
SCHEDULE 2 - BUSINESS DEVELOPMENT
SCHEDULE 3 - PUBLIC REALM MAINTENANCE
No CPA provides any assurance on these financial statements.
Supplemental Schedules
Gross Trolley Annual Budget Work Plan Services Marketing Security Incentives Month Year-to-Date Budget % Y-T-D Y-T-D Y-T-D Y-T-D Y-T-D
Total Property and Buss Incentives 0 31,582 200,000 15.8% 31,582 Facade Improvements 10,266 10,416 160,000 6.5% 10,416 Leasing/Brokers Meeting 2,701 19,810 30,000 66.0% 19,810 Total Business Training and Support 0 12,750 177,987 7.2% 12,750 Business Partnerships 7,250 30,296 106,000 28.6% 30,296 Grand Open/New Business 0 0 20,000 0.0% 0 Total Business Development 20,217 104,854 693,987 15.1% 73,272 0 0 0 31,582
Pressure Washing/Street Clean 36,000 390,500 610,000 64.0% 390,500 Clean Team 29,478 206,347 541,300 38.1% 206,347 Graffitti Maintenance 1,000 9,540 20,000 47.7% 9,540 Landscape Maintenance 38,895 289,983 559,400 51.8% 289,983 Holiday Lights 1,608 173,555 175,000 99.2% 173,555 Signage & Pedestrial Wayfinding 0 0 40,000 0.0% 0 Capital Projects/Alleys 0 0 175,000 0.0% 0 Total Physical Environment 106,981 1,069,925 2,120,700 50.5% 1,069,925 0 0 0 0
West Palm Beach Downtown Development Authority
May 31, 2023
No CPA provides any assurance on these financial statements.
Supplemental Schedules
Gross Trolley Annual Budget Work Plan Services Marketing Security Incentives Month Year-to-Date Budget % Y-T-D Y-T-D Y-T-D Y-T-D Y-T-D SCHEDULE 4 - MARKETING/PR Survey 0 0 0 0.0% 0 Collateral Materials 2,210 51,309 150,000 34.2% 51,309 PR/Marketing 9,527 46,735 225,000 20.8% 46,735 Retail Promotion 0 19,867 80,000 24.8% 19,867 Value Added Events - Other 8,750 45,050 150,000 30.0% 45,050 Advertising and Promotion 884 183,022 500,000 36.6% 183,022 Marketing Programs 151 63,355 150,000 42.2% 63,355 Community & Cultural Promotion 3,513 168,556 325,000 51.9% 168,556 Total Marketing/PR 25,035 577,894 1,580,000 36.6% 0 0 577,894 0 0 SCHEDULE 5 -NEIGHBORHOOD SERVICES Homeless Outreach 0 150,000 150,000 100.0% 150,000 Transportation 115,010 789,343 975,000 81.0% 789,343 Security and Policing 55,961 475,817 840,000 56.6% 475,817 Public Space Programs 155 720 155,000 0.5% 720 Community Engagement 1,200 33,467 37,000 90.5% 33,467 Residential Programming 6,454 29,331 63,000 46.6% 29,331 Mobility Coalition Funding 0 20,000 0 0.0% 20,000 Total Res. Services/Quality of Life 178,780 1,498,678 2,220,000 67.5% 233,518 789,343 0 475,817 0
West Palm Beach Downtown Development Authority
May 31, 2023
SCHEDULE 6 - GENERAL OFFICE
SCHEDULE 7 - OPERATIONS
No CPA provides any assurance on these financial statements.
Supplemental Schedules
Gross Trolley Annual Budget Work Plan Services Marketing Security Incentives Month Year-to-Date Budget % Y-T-D Y-T-D Y-T-D Y-T-D Y-T-D
General Office Expense - Other 823 9,088 40,000 22.7% 9,088 Investment Expenses 0 4,529 0 0.0% General Postage 69 743 4,760 15.6% 743 Equipment, Computers, Programs 5,259 28,096 25,000 112.4% 28,096 Total General Office 6,549 42,854 69,760 61.4% 38,325 0 0 0 0
Dues 799 4,822 6,000 80.4% 4,822 Hospitality 282 1,483 9,500 15.6% 1,483 Board Meeting 68 1,436 5,500 26.1% 1,436 Publications 0 103 328 31.4% 103 Telephone Expense 580 6,178 10,000 61.8% 6,178 Total Operations 1,729 14,022 31,328 44.8% 14,022 0 0 0 0
West Palm Beach Downtown Development Authority
May 31, 2023
SCHEDULE 8 - PROFESSIONAL SERVICES
Some rounding error may occur.
No CPA provides any assurance on these financial statements.
Supplemental Schedules
Gross Trolley Annual Budget Work Plan Services Marketing Security Incentives Month Year-to-Date Budget % Y-T-D Y-T-D Y-T-D Y-T-D Y-T-D
Accounting 2,500 17,600 30,000 58.7% 17,600 Professional Service 1,887 26,748 60,000 44.6% 26,748 Audit 25,500 25,500 25,000 102.0% 25,500 Studies and Surveys 163 60,252 55,000 109.5% 60,252 Legal 1,032 7,169 30,000 23.9% 7,169 Total Professional Services 31,082 137,269 200,000 68.6% 137,269 0 0 0 0
MEMO
To: Rick Reikenis, Chairman
William Jacobson, Vice Chairman
Samantha Bratter
Varisa Lall Dass
Daryl Houston
Cynthia Nalley
Bob Sanders
From: Vivian Ryland, Director of Administration
RE: Preliminary Budget Discussion FY 2024
Date: June 20, 2023
On June 1st the Palm Beach County Property Appraiser notified the DDA of the district’s estimated FY 2024 taxable value of $3,622,597,256, which includes new construction estimated at $62,941,525. This represents an increase of 14.5% over FY 2023’s taxable value of $3,163,465,735.
The FY 2024 budget process will be affected by significant changes to core programs, and by increased demand for services and programs that the DDA provides. Part of this process will include making the necessary amendments to the interlocal agreement between the DDA, City and CRA to reflect these changes.
Some of the changes proposed for the ILA which will affect the DDA budget are:
• Removal of references to the trolley because of discontinuation of the program at the end of May
• The request from the City for DDA funding to support the newly launched Ride West Palm Beach transportation system, covering downtown and the northwest neighborhood. Although, there has been no formal request for funding or an amount, staff has budgeted $975,000 which was last year’s budget line item.
• Reallocation of funding from Homelessness Services to create a Homeless Relief Fund, which could be used flexibly to provide solutions in partnership with the Police Department, City, and non-profit partners This could include temporary shelter, transportation back to family or guardians, or other expenses that will help homeless people move from the public space to treatment and shelter
• Increase reimbursable landscape expenses under the ILA by 2.5% to align with the DDA’s landscape contract.
300 Clematis Street, Suite 200, West Palm Beach, FL 33401 Ph: 561.833.8873 Fax: 561.833.5870 * DowntownWPB.com
• Increase reimbursable cleaning expenses under the ILA by 3% to align with the DDA’s cleaning contract.
• Budget for the management and/or participation in the design and activation of the Visitor Center and Waterfront.
• Hardscape repairs and reconfiguration.
300 Clematis Street, Suite 200, West Palm Beach, FL 33401 Ph: 561.833.8873 Fax: 561.833.5870 * DowntownWPB.com
West Palm Beach Downtown Development Authority 2023-2024 Preliminary Budget June 1, 2023 2023-2024 2023-2024 CRA/City Project Fund CRA Carry Forward DDA Carry Forward FY 23/24 4010 Tax Revenues @ .98 mil 3,441,647 $ - $ - $ - $ - $ 3,441,647 $ 4020 TIF (3,259,482) $ - $ - $ - $ - $ (3,259,482) $ 4030 DDA/CRA Interlocal Agreement 6,700,949 $ - $ - $ - $ 6,700,949 $ 4032 DDA/City Interlocal Agreement - $ 307,252 $ - $ - $ 307,252 $ 4035 CRA Project Funding - $ - $ 250,000 $ - $ - $ 250,000 $ 4050 Fees/Grants/Services/Interest 55,000 $ - $ - $ - $ - $ 55,000 $ 4210 Carryforwards - $ - $ - $ 2,224,032 $ 294,166 $ 2,518,198 $ Total Revenue 237,165 $ 6,700,949 $ 557,252 $ 2,224,032 $ 294,166 $ 10,013,564 $ 2023-2024 DDA 2023-2024 CRA CRA/City Project Fund CRA Carry Forward DDA Carry Forward Grand Total Business Development 6140 Grand Openings/New Business Training - $ 10,000 $ - $ 10,000 $ 20,000 $ 6195 Leasing/Brokers Meetings - $ 5,000 $ - $ 25,000 $ - $ 30,000 $ 6230 Business Training and Support - $ 75,000 $ - $ 85,000 $ - $ 160,000 $ 6240 Façade Improvement Programs 20,000 $ - $ 130,000 $ - $ 150,000 $ 6320 Property & Business Incentives 175,000 $ - $ 200,000 $ - $ 375,000 $ 6330 Business Partnerships - $ 30,000 $ - $ 70,000 $ - $ 100,000 $ Totals - $ 315,000 $ - $ 520,000 $ - $ 835,000 $
West Palm Beach Downtown Development Authority 2023-2024 Preliminary Budget June 1, 2023 2023-2024 2023-2024 CRA/City CRA DDA Grand Public Realm Maintenance DDA CRA Project Fund Carry Forward Carry Forward TOTAL 6220 Holiday Lights - $ 235,000 $ - $ - $ - $ 235,000 $ 6236 Pressure Washing, Cleaning & Maintenance - $ 650,000 $ - $ 110,000 $ - $ 760,000 $ 6245 Signage and Pedestrial Wayfinding - $ - $ - $ 40,000 $ - $ 40,000 $ 6270 Landscape Maintenance - $ 350,000 $ 307,252 $ 67,748 $ - $ 725,000 $ 6280 Graffitti Removal - $ 12,500 $ - $ 12,500 $ - $ 25,000 $ 6290 Public Space Repairs - $ 175,000 $ - $ 175,000 $ - $ 350,000 $ 6295 Downtown Cleaning Team - $ 500,000 $ - $ 140,000 $ - $ 640,000 $ Totals - $ 1,922,500 $ 307,252 $ 545,248 $ - $ 2,775,000 $ 2023-2024 2023-2024 CRA/City CRA DDA Grand Marketing /Public Relations DDA CRA Project Fund Carry Forward Carry Forward TOTAL 6120 Advertising - $ 400,000 $ - $ 50,000 $ - $ 450,000 $ 6122 PR/Marketing - $ 175,000 $ - $ 50,000 - $ 225,000 6190 Retail Promotions - $ 40,000 $ - $ 30,000 - $ 70,000 6210 Community and Cultural Promotions - $ 200,000 $ - $ 65,000 - $ 265,000 6235 Value Added Events - $ 100,000 $ - $ 50,000 - $ 150,000 7700 Marketing Programs, Equipment & Web - $ 100,000 $ - $ 50,000 - $ 150,000 6300 Collateral Materials - $ 100,000 $ - $ 50,000 - $ 150,000 Totals - $ 1,115,000 $ - $ 345,000 $ - $ 1,460,000 $ 2023-2024 2023-2024 CRA/City CRA DDA Grand Neighborhood Services DDA CRA Project Fund Carry Forward Carry Forward TOTAL 6372 Public Space Programs 35,000 $ 75,000 125,000 $ 18,000 $ - $ 253,000 $ 7500 Transportation - $ 975,000 - $ - $ - $ 975,000 $ 7600 Security and Policing - $ 900,000 - $ 140,000 $ - $ 1,040,000 $ 7610 Homeless Outreach - $ 100,000 - $ - $ - $ 100,000 $ Totals 35,000 $ 2,050,000 $ 125,000 $ 158,000 $ - $ 2,368,000 $
West Palm Beach Downtown Development Authority 2023-2024 Preliminary Budget June 1, 2023 2023-2024 2023-2024 CRA/City CRA DDA Grand General Office DDA CRA Project Fund Carry Forward Carry Forward TOTAL 6010 General Office - $ 25,000 $ - $ 15,350 $ - $ 40,350 $ 6040 Equipment, Computers & Programs - $ 35,000 $ - $ - $ - $ 35,000 6030 General Postage - $ 3,449 $ - $ - $ 3,449 Totals - $ 63,449 $ - $ 15,350 $ - $ 78,799 $ 2023-2024 2023-2024 CRA/City CRA DDA Grand Operations DDA CRA Project Fund Carry Forward Carry Forward TOTAL 6420 Dues 5,000 $ - $ - $ - $ 2,000 $ 7,000 $ 6430 Hospitality 4,000 $ - $ - $ - $ 5,500 $ 9,500 $ 6440 Board Meetings/Legal Notices 3,000 $ - $ - $ - $ 2,000 $ 5,000 $ 6460 Telephone 8,000 $ - $ - $ - $ 2,000 $ 10,000 $ Totals 20,000 $ - $ - $ - $ 11,500 $ 31,500 $ 2023-2024 2023-2024 CRA/City CRA DDA Grand Professional Services DDA CRA Project Fund Carry Forward Carry Forward TOTAL 6241 Studies and Surveys - $ 40,000 $ 125,000 $ 25,000 $ - $ 190,000 $ 6510 Accounting 30,000 $ - $ - $ - $ - $ 30,000 $ 6520 Audit - $ 30,000 $ - $ - $ - $ 30,000 $ 6530 Legal 20,000 $ - $ - $ 10,000 $ 30,000 $ 6540 Professional Services - $ 35,000 $ - $ 20,000 $ - $ 55,000 $ Totals 30,000 $ 125,000 $ 125,000 $ 45,000 $ 10,000 $ 335,000 $ 2023-2024 2023-2024 CRA/City CRA DDA Grand DDA CRA Project Fund Carry Forward Carry Forward TOTAL 7000 Personnel 13,000 $ 986,000 $ - $ 110,000 $ - $ 1,109,000 $ 7100 Insurance 45,000 $ - $ - $ - $ - $ 45,000 $ 7200 Rent 30,000 $ 124,000 $ - $ 36,000 20,000 $ 210,000 $ 7300 Tax Collection 20,000 $ - $ - $ - $ - $ 20,000 $ 7800 Travel & Training (Board & Staff) 15,000 $ - $ - $ - $ - $ 15,000 $ 7900 Reserves 29,165 $ - $ - $ 449,434 $ 252,666 $ 731,265 $ Totals 152,165 $ 1,110,000 $ - $ 595,434 $ 272,666 $ 2,130,265 $ Total Expenses 237,165 6,700,949 557,252 2,224,032 294,166 10,013,564 - - - - - -
