Birmingham Shopping District Agenda Thursday, August 5, :30 a.m. The Community House 380 South Bates Street, Birmingham, MI 48009

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Birmingham Shopping District Agenda Thursday, August 5, 2021 8:30 a.m.

The Community House

380 South Bates Street, Birmingham, MI 48009 Zoom link: https://us06web.zoom.us/j/82858311145

1. Call to order and Roll Call of Board 2. Recognition of Visitors

3. Presentations

a. South Old Woodward Avenue reconstruction 4. Approval of Minutes for June 3, 2021

5. Board Member Comments 6. Reports:

a. Finance Report

b. Executive Director Report - Kammer c. Committee Reports:

i. Special Events – Astrein – July & August

ii. Marketing & Advertising – Pohlod – July & August

iii. Maintenance and Capital Improvements – Quintal – July & August iv. Business Development – Surnow – July & August

v.Executive Board Report – Hockman d. Parking Report - Astrein

7. Approval of Vouchers – July & August 8. Unfinished Business

9. New Business

a. Approval of Downtown Birmingham Promotional Videos agreement b. Approval of WXYZ Sponsorship Agreement for Birmingham Cruise Event

c. Approval of WOMC/Audacy Sponsorship Agreement for Birmingham Cruise Event d. Approval of General Motors Sponsorship Agreement for Birmingham Cruise Event 10. Information

a. Announcements

b. Letters, Board Attendance & Monthly Meeting Schedule 11. Public Comments

12. Adjournment

Birmingham Shopping District Mission Statement

We strive to provide leadership in marketing, advertising and promotion of the Birmingham Shopping District.

We actively work to promote a district that is exciting, clean, safe and pedestrian-friendly and ensure that the district continues to serve as a center for business, service, social and community activities.

Notice: Persons with disabilities that may require assistance for effective participation in this public meeting should contact the City Clerk’s Office at the number (248) 530-1880, or (248) 644-5115 (for the hearing impaired) at least one day before the meeting to request help in mobility, visual, hearing, or other assistance.

Las personas con incapacidad que requieren algún tipo de ayuda para la participación en esta sesión pública deben ponerse en contacto con la oficina del escribano de la ciudad en el número (248) 530-1800 o al (248) 644-5115 (para las personas con incapacidad auditiva) por lo menos un dia antes de la reunión para solicitar ayuda a la movilidad, visual, auditiva, o de otras asistencias. (Title VI of the Civil Rights Act of 1964).

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City of Birmingham

Birmingham Shopping District Proceeding Thursday, June 3, 2021 - 8:30 a.m.

ZOOM Meeting

Minutes of the meeting of the Birmingham Shopping District Board held Thursday, June 3, 2021, at 8:30 a.m. via ZOOM Meetings

1. CALL TO ORDER AND ROLL CALL OF BOARD

PRESENT: Astrein (Birmingham, MI), Eid (Bloomfield Hills), Hockman (Ashville, North Carolina), Kay (Birmingham, MI), Lipari (Birmingham, MI) Lundberg (Bloomfield Hills, MI), Markus (Birmingham, MI), McKenzie (Birmingham, MI), Pohlod (Birmingham, MI), Quintal (Birmingham, MI), Roberts (Bloomfield Hills, MI), Surnow (Birmingham, MI)

ABSENT:

ALSO PRESENT: Director Emeritus Fehan (Bloomfield Hills, MI), David Hoehendorf, Stuart Jeffares

ADMINISTRATION: Brook (Royal Oak, MI), Kammer (Birmingham, MI)

2. RECOGNITION OF VISITORS

3. APPROVAL OF MINUTES

MOTION: Motion by Astrein, seconded by Kay to approve the minutes dated May 6, 2021.

VOTE: Yeas, 12 Nays, 0 Absent, 0

4. BOARD MEMBER COMMENTS

5. REPORTS

a. FINANCE REPORT – KAMMER

Kammer explained that the revenue/expense report shows a credit in April of $3628. This was a refund given from the special assessments due to a miscalculation of square footage. There are also credits in personnel services from returning unvested deferred contributions from the former executive director.

The $59,000 variance in the supply account is due to the restaurant relief grant that were processed through that account.

Hockman added that we are tracking well and that the fiscal year will end June 30.

b. EXECUTIVE DIRECTOR REPORT - KAMMER

Kammer shared that he has been working on addressing items that were in his 30-day plan. He is meeting with board members, community organizations, and business and property owners. The staff is working on getting back into a routine. In addition, we just hired a new events and office assistant.

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Kammer said that he will continue to make progress on the 30-day plan and will submit a 90-day plan to the executive committee next week.

c. COMMITTEE REPORTS:

SPECIAL EVENTS – ASTREIN

Astrein reported that the Farmers Market is doing well. Since restrictions changed June 1, we are able to go back to full capacity. Brook added that we are excited to have live music, food trucks, and lemonade back at the market next week. It will be much closer to our old normal market.

Movie Night will be a drive-in on June 11. The July and August events will be back to the typical format at Booth Park. Day on the Town will be able to proceed as it has in the past. However, we were

instructed not to have special kids’ areas or activities. Businesses need to register by July 9 to participate.

It is still unclear as to how, or if, the Cruise event will be held. Markus explained that he expects some modifications, as large events are still a concern. He feels that commission would like to continue the event, but to a lesser scale. He also pointed out that there might be a conflict with road construction next year.

Astrein asked how this might affect expenses. Markus said that Kammer would look into that.

Discussion continued that the Cruise event is more beneficial to some businesses than others. Kay shared that his business does well that day and that he would prefer to see the event continue as he feels we would have more control of the area.

Hockman let the board know that commission would officially address Birmingham’s participation in the Woodward Dream Cruise during their June 14 meeting.

MARKETING & ADVERTISING - POHLOD

Pohlod reported that, after a busy spring, the marketing committee did not hold a meeting in May.

They are continuing to work on getting ready for the new fiscal year and finalizing the RFP for videos and print inserts instead of a magazine.

The committee is compiling analytics to show which posts are strongest and which are weakest. They are also working with Pure Michigan to make Birmingham seen more as a destination for the

weekend. Pohlod added that Pure Michigan could bring access to a new demographic.

MAINTENANCE/CAPITAL IMPROVEMENTS - QUINTAL

Quintal shared that baskets and planters have been planted, but that it will take some time to see how they fill out. There is a plan to have power washing done twice this summer. We will share the date with merchants once it is set.

The snow removal contract should be finalized in the next week. In addition, the committee has decided not to have holiday lights across Merrill Street and is now looking for a new idea.

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BUSINESS DEVELOPMENT - MCKENZIE

McKenzie reported that there is continued activity from interested businesses. Two prospects recently had their CEOs visit potential properties. He added that Ciura is pleased with the uptick in activity that she is seeing. The committee is working with Ciura on possibly creating some new marketing

materials.

Kay asked if the city’s occupancy rate has gone down. Hockman responded that he believes it is still tracking very close to where it has been.

EXECUTIVE BOARD REPORT - HOCKMAN

Hockman welcomed Lipari as a new board member. Lipari said that she is excited to be a part of the board and is looking forward to having the chance to meet everyone in person.

d. PARKING REPORT - ASTREIN

Astrein shared that a maintenance report has been completed on four of the parking structures. It concluded that $10-$11 million is needed. The parking fund currently has about $18 million in reserves. The assessment on the Pierce Street structure should be completed soon.

The committee is looking into putting charging stations for electric vehicles into two structures. They are expensive and the technology does change, but they feel that it is time to start offering this service.

The committee is still deciding on where to place the charging stations and what fees, if any, would be associated with using them. Hockman added that there might be incentives available to help cover the costs.

Beginning July 1, fees will be reinstated for parking in the parking structures.

e. CHAMBER REPORT

There was no report from the Chamber.

f. COMMUNITY HOUSE REPORT

There was no report from The Community House.

6. APPROVAL OF VOUCHERS

MOTION: Motion by Astrein, seconded by Quintal to approve the vouchers, as submitted, dated June 3, 2021.

VOTE: Yeas, 12 Nays, 0 Absent, 0

7. UNFINISHED BUSINESS

8. NEW BUSINESS

a. Third Party Retail Recruiting Agreement Revision Addendum

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Surnow explained that there was a misunderstanding of the compensation structure by the third party recruiter. Last year, due to the COVID-19 situation, much activity stopped and there were reduced incentives. As activity increases and deals are getting closer, we want to push to finalize deals. The revision includes an increase based on how many deals are closed. The cap is now $75,000.

Kay asked about the yearly budget. Hockman responded that, starting July 1 it is $100,000.

Last year they spent approximately $15,000-$16,000 in addition to the recruiter. Therefore, we should be able to absorb this increase.

MOTION: Motion by Surnow, seconded by Roberts to approve the amendment to the agreement with CC Consulting to revise the compensation structure for successful tenant recruitment and retention.

VOTE: Yeas, 11 Nays, 0 Absent, 1 (Astrein unavailable for vote)

9. INFORMATION a. Retail Activity b. Announcements

c. Letters, Board Attendance & Monthly Meeting Schedule

10. PUBLIC COMMENTS

Markus shared that the Downtown Magazine had printed an editorial about the parking system and the triangle district. There is currently a debate about how funds can be used. This

complicated issue dates back to when the first parking structure was built in 1955. All five structures were built west of Woodward. The debt for these structures has all been paid.

However, nothing precludes a new assessment. There is now question as to whether or not RH or other new developments should have to pay into the parking system.

Hockman added that he felt the editorial was helpful. Hockman was involved with the Peabody and Chester structures. He shared that it was set-up as an enterprise fund, which can only be spent on the parking system. Reserve funds are there to help with renovations, not for the triangle district.

Markus continued that, if the triangle district were assessed, it could be a part of the parking system, but Woodward gets in the way.

Eid asked if there is really a demand for more parking in the triangle district. Markus

responded that the need is not there now, but if further developed, it could become necessary.

Markus concluded that he feels the real opportunity is in a public/private partnership.

Hockman encouraged board members to attend the June 14 commission meeting, as there would be an important vote regarding the RH project.

11. ADJOURNMENT – 9:55 A.M.

Respectfully submitted,

Jaimi Brook (back-up notes on file)

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BALANCE SHEET Page: 1/1 07/19/2021 03:08 PM

User: kwickenheiser

DB: Birmingham Period Ending 06/30/2021

Fund 247 PRINCIPAL SHOPPING DISTRICT

Balance Description

GL Number

*** Assets ***

250.00 PETTY CASH

247-000.000-004.0000

1,002,320.50 CASH AND INVESTMENTS

247-000.000-005.0000

9,538.72 MISCELLANEOUS

247-000.000-028.0000

(1,653.72) ALLOW FOR DOUBTFUL ACCTS.

247-000.000-028.9999

3,628.00 PSD PEC ASSESS 20-21 #886 RECEIVABLE

247-000.000-045.0886

68,375.40 PSD 2020-2021 DELQ SAD

247-000.000-048.0886

5,602.65 PREPAID ITEMS

247-000.000-101.0000

1,088,061.55 Total Assets

*** Liabilities ***

11,429.44 ACCOUNTS PAYABLE

247-000.000-202.0000

450.00 GIFT CERTIFICATES

247-000.000-255.0001

21,625.78 ACCRUED PAYROLL

247-000.000-257.0000

7,885.00 DEFER. INFLOWS - MISCELLANEOUS INVOICES

247-000.000-367.0300

3,628.00 DEFER. INFLOWS - SPECIAL ASSESSMENTS

247-000.000-367.0700

68,375.40 DEFER. INFLOWS - DELQ SPECIAL ASSESSMENT

247-000.000-367.0800

113,393.62 Total Liabilities

*** Fund Balance ***

885,969.25 RETAINED EARNINGS

247-000.000-391.0000

885,969.25 Total Fund Balance

885,969.25 Beginning Fund Balance

88,698.68 Net of Revenues VS Expenditures

974,667.93 Ending Fund Balance

1,088,061.55 Total Liabilities And Fund Balance

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*NOTE: Available Balance / Pct Budget Used does not reflect amounts encumbered.

REVENUE AND EXPENDITURE REPORT Page: 1/4

07/19/2021 03:08 PM User: kwickenheiser

DB: Birmingham PERIOD ENDING 06/30/2021

% BDGT AVAILABLE USED

BALANCE ACTIVITY FOR

MONTH 06/30/2021 YTD BALANCE

06/30/2021 2020-21

AMENDED BUDGET DESCRIPTION

GL NUMBER

Fund 247 - PRINCIPAL SHOPPING DISTRICT Revenues

Dept 000.000

USE OF FUND BALANCE

0.00 247,280.00

0.00 0.00

247,280.00 APPROP FUND BAL/RET EARN

247-000.000-400.0000

0.00 247,280.00

0.00 0.00

247,280.00 USE OF FUND BALANCE

INTERGOVERNMENTAL

100.00 (58,778.00)

0.00 58,778.00

0.00 OTHER FEDERAL GRANTS

247-000.000-528.0000-COV-OCREST

100.00 (58,778.00)

0.00 58,778.00

0.00 INTERGOVERNMENTAL

CHARGES FOR SERVICES

100.00 0.00

0.00 25,000.00

25,000.00 CHARGES TO AUTO PARKING SYSTEM

247-000.000-641.0585

100.00 0.00

0.00 25,000.00

25,000.00 CHARGES FOR SERVICES

INTEREST AND RENT

84.64 2,104.54

1,050.41 11,595.46

13,700.00 INVESTMENT INCOME

247-000.000-664.0000

0.00 0.00

0.00 SPECIAL ASSESSMENT INTEREST

247-000.000-666.0001

84.64 2,104.54

1,050.41 11,595.46

13,700.00 INTEREST AND RENT

SPECIAL ASSESSMENTS

0.00 1,030,930.00

0.00 0.00

1,030,930.00 FUTURE SPECIAL ASSESSEMENTS - PSD

247-000.000-672.0247

0.00 0.00

0.00 PSD SPECIAL ASSESSMENT 2015-2016

247-000.000-672.0868

0.00 0.00

0.00 PSD SPECIAL ASSESS REV 17-18 #870

247-000.000-672.0870

0.00 0.00

0.00 PSD SPEC ASSESS REVENUE 2018-2019

247-000.000-672.0884

72.50 6,610.80

0.00 17,429.20

24,040.00 PSD SPEC ASSESS REVENUE 2019-2020

247-000.000-672.0885

100.00 (990,857.32)

0.00 990,857.32

0.00 PSD SPECIAL ASSESS REV 2020-2021

247-000.000-672.0886

95.57 46,683.48

0.00 1,008,286.52

1,054,970.00 SPECIAL ASSESSMENTS

OTHER REVENUE

0.00 0.00

0.00 PROCEEDS FROM FUNDRAISING

247-000.000-674.0009

16.80 158,084.00

5,590.00 31,916.00

190,000.00 CONTR FROM PRIVATE SOURCE

247-000.000-676.0001

0.00 0.00

0.00 SUNDRY & MISCELLANEOUS

247-000.000-677.0001

16.80 158,084.00

5,590.00 31,916.00

190,000.00 OTHER REVENUE

74.17 395,374.02

6,640.41 1,135,575.98

1,530,950.00 Total Dept 000.000

74.17 395,374.02

6,640.41 1,135,575.98

1,530,950.00 TOTAL REVENUES

Expenditures

Dept 298.000 - PUBLIC RELATIONS PERSONNEL SERVICES

51.72 15,786.20

2,662.82 16,913.80

32,700.00 SALARIES & WAGES DIRECT

247-298.000-702.0001

0.00 0.00

0.00 OVERTIME PAY

247-298.000-702.0002

0.00 550.00

0.00 0.00

550.00 LONGEVITY

247-298.000-702.0003

0.00 0.00

0.00 LABOR BURDEN

247-298.000-706.0000

44.97 1,403.20

166.32 1,146.80

2,550.00 FICA

247-298.000-706.0001

0.97 4,664.37

0.00 45.63

4,710.00 HOSPITALIZATION

247-298.000-706.0002

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06/30/2021 2020-21

GL NUMBER

Fund 247 - PRINCIPAL SHOPPING DISTRICT Expenditures

48.25 56.92

8.35 53.08

110.00 WORKER'S COMPENSATION

247-298.000-706.0007

1.32 3,118.27

0.00 41.73

3,160.00 RETIREMNT-DEF CONTR EMPLR

247-298.000-706.0012

1.28 681.14

0.00 8.86

690.00 RET HLTH SVGS CONTR EMPLR

247-298.000-706.0013

40.95 26,260.10

2,837.49 18,209.90

44,470.00 PERSONNEL SERVICES

40.95 26,260.10

2,837.49 18,209.90

44,470.00 Total Dept 298.000 - PUBLIC RELATIONS

Dept 441.005 - DOWNTOWN MAINTENANCE PERSONNEL SERVICES

89.80 5,664.65

8,456.62 49,845.35

247-441.005-702.0001

101.66 (438.05)

4,169.37 26,888.05

26,450.00 OVERTIME PAY

247-441.005-702.0002

47.17 179.63

0.00 160.37

340.00 LONGEVITY

247-441.005-702.0003

0.00 0.00

0.00 HOLIDAY PAY

247-441.005-702.0004

0.00 0.00

0.00 LABOR BURDEN

247-441.005-706.0000

87.50 820.32

940.95 5,739.68

6,560.00 FICA

247-441.005-706.0001

90.57 986.14

1,534.15 9,473.86

247-441.005-706.0002

129.68 (59.36)

40.70 259.36

200.00 LIFE INSURANCE

247-441.005-706.0003

87.57 1,566.95

965.61 11,043.05

12,610.00 RETIRE CONTRIB HEALTH

247-441.005-706.0004

94.71 33.30

93.78 596.70

630.00 DENTAL/OPTICAL

247-441.005-706.0005

93.71 40.24

93.92 599.76

640.00 LT/ST DISABILITY

247-441.005-706.0006

115.25 (240.91)

220.40 1,820.91

1,580.00 WORKER'S COMPENSATION

247-441.005-706.0007

0.00 0.00

0.00 SICK TIME PAYOUT

247-441.005-706.0008

0.00 0.00

0.00 DEFERRED COMPENSATION

247-441.005-706.0009

95.21 348.16

576.82 6,921.84

7,270.00 RETIREMENT EMPLOYER CNTB

247-441.005-706.0010

117.51 (17.51)

0.00 117.51

100.00 HRA BENEFIT

247-441.005-706.0011

224.15 (2,743.82)

831.02 4,953.82

247-441.005-706.0012

154.87 (554.16)

263.23 1,564.16

1,010.00 RET HLTH SVGS CONTR EMPLR

247-441.005-706.0013

95.55 5,585.58

18,186.57 119,984.42

OTHER CHARGES

95.56 1,911.03

3,972.67 41,088.97

43,000.00 EQUIPMENT RENTAL OR LEASE

247-441.005-941.0000

95.56 1,911.03

3,972.67 41,088.97

43,000.00 OTHER CHARGES

95.55 7,496.61

22,159.24 161,073.39

168,570.00 Total Dept 441.005 - DOWNTOWN MAINTENANCE

Dept 748.000 - PRINCIPAL SHOPPING DISTRICT PERSONNEL SERVICES

81.60 43,211.37

28,607.55 191,688.63

247-748.000-702.0001

100.00 (434.39)

0.00 434.39

0.00 OVERTIME PAY

247-748.000-702.0002

0.00 0.00

0.00 LONGEVITY

247-748.000-702.0003

0.00 0.00

0.00 LABOR BURDEN

247-748.000-706.0000

79.26 3,727.61

2,159.34 14,242.39

17,970.00 FICA

247-748.000-706.0001

72.17 10,393.02

1,913.31 26,946.98

247-748.000-706.0002

65.11 331.50

119.36 618.50

950.00 LIFE INSURANCE

247-748.000-706.0003

99.86 7.96

467.67 5,612.04

5,620.00 RETIRE CONTRIB HEALTH

247-748.000-706.0004

51.99 787.42

0.00 852.58

1,640.00 DENTAL/OPTICAL

247-748.000-706.0005

62.19 374.35

102.83 615.65

990.00 LT/ST DISABILITY

247-748.000-706.0006

121.35 (158.02)

136.98 898.02

740.00 WORKER'S COMPENSATION

247-748.000-706.0007

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06/30/2021 2020-21

GL NUMBER

Fund 247 - PRINCIPAL SHOPPING DISTRICT Expenditures

0.00 0.00

0.00 SICK TIME PAYOUT

247-748.000-706.0008

99.94 3.00

402.25 4,827.00

4,830.00 RETIREMENT EMPLOYER CNTB

247-748.000-706.0010

0.00 0.00

0.00 HRA BENEFIT

247-748.000-706.0011

(363.00) 48,013.24

1,085.24 (37,643.24)

247-748.000-706.0012

(409.65) 9,275.69

231.00 (7,455.69)

1,820.00 RET HLTH SVGS CONTR EMPLR

247-748.000-706.0013

63.57 115,532.75

35,225.53 201,637.25

OTHER CHARGES

101.37 (41.01)

0.00 3,041.01

3,000.00 LEGAL SERVICES

247-748.000-801.0200

99.49 3.90

0.00 756.10

760.00 AUDIT

247-748.000-802.0100

100.00 (1,620.00)

1,620.00 1,620.00

0.00 OTHER CONTRACTUAL SERVICE

247-748.000-811.0000

2.33 87,900.00

0.00 2,100.00

90,000.00 PARKING VALET SERVICES

247-748.000-828.0300

108.81 (5,199.76)

0.00 64,199.76

59,000.00 SNOW REMOVAL CONTRACT

247-748.000-829.0100

51.90 2,645.34

37.98 2,854.66

5,500.00 WEB SITE MAINTENANCE

247-748.000-829.0200

95.53 78.22

200.79 1,671.78

1,750.00 TELEPHONE

247-748.000-851.0000

0.00 0.00

0.00 PRINTING & PUBLISHING

247-748.000-901.0000

83.64 51,522.59

(2,250.00) 263,477.41

315,000.00 MARKETING & ADVERTISING

247-748.000-901.0400

44.10 5,590.00

0.00 4,410.00

10,000.00 PUBLIC RELATIONS

247-748.000-901.0500

37.48 100,024.72

365.00 59,975.28

160,000.00 TENANT RECRUITMENT

247-748.000-903.0000

88.33 7,000.00

0.00 53,000.00

60,000.00 PRINTING PSD MAGAZINE

247-748.000-904.0000

53.56 74,296.06

16,124.05 85,703.94

160,000.00 SPECIAL EVENTS

247-748.000-909.0000

44.80 662.45

0.00 537.55

1,200.00 EQUIPMENT MAINTENANCE

247-748.000-933.0200

24.03 64,577.47

0.00 20,422.53

85,000.00 MAINTENANCE SHOPPING DIST

247-748.000-935.0200

0.00 0.00

0.00 EQUIPMENT RENTAL OR LEASE

247-748.000-941.0000

100.00 (0.04)

1,744.17 20,930.04

20,930.00 COMPUTER EQUIPMENT RENTAL

247-748.000-942.0000

100.00 0.00

1,000.00 12,000.00

12,000.00 BUILDING OR FACILITY RENT

247-748.000-944.0000

24.65 753.50

0.00 246.50

1,000.00 TRAINING

247-748.000-955.0100

92.75 116.00

0.00 1,484.00

1,600.00 MEMBERSHIP & DUES

247-748.000-955.0300

0.00 3,000.00

0.00 0.00

3,000.00 CONFERENCES & WORKSHOPS

247-748.000-955.0400

100.00 0.00

375.00 4,500.00

4,500.00 LIAB INSURANCE PREMIUMS

247-748.000-957.0400

0.00 0.00

0.00 MISCELLANEOUS

247-748.000-962.0000

60.64 391,309.44

19,216.99 602,930.56

994,240.00 OTHER CHARGES

SUPPLIES

4.36 2,869.32

130.68 130.68

3,000.00 POSTAGE

247-748.000-727.0000

1,797.01 (59,395.52)

332.26 62,895.52

3,500.00 OPERATING SUPPLIES

247-748.000-729.0000

0.00 0.00

0.00 EQUIPMENT UNDER $5,000

247-748.000-799.0000

969.63 (56,526.20)

462.94 63,026.20

6,500.00 SUPPLIES

CAPITAL OUTLAY

0.00 0.00

0.00 FURNITURE

247-748.000-972.0000

0.00 0.00

0.00 CAPITAL OUTLAY

65.83 450,315.99

54,905.46 867,594.01

1,317,910.00 Total Dept 748.000 - PRINCIPAL SHOPPING DISTRICT

68.38 484,072.70

79,902.19 1,046,877.30

1,530,950.00 TOTAL EXPENDITURES

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06/30/2021 2020-21

GL NUMBER

Fund 247 - PRINCIPAL SHOPPING DISTRICT

100.00 (88,698.68)

(73,261.78) 88,698.68

0.00 NET OF REVENUES & EXPENDITURES

68.38 484,072.70

79,902.19 1,046,877.30

1,530,950.00

TOTAL EXPENDITURES 1,530,950.00 1,135,575.98 6,640.41 395,374.02 74.17

TOTAL REVENUES

Fund 247 - PRINCIPAL SHOPPING DISTRICT:

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DESCRIPTION PROJECTED ACTUAL VARIANCE BEGINNING CASH BALANCE $ 858,940 $ 1,063,610 $ 204,670 CASH RECEIPTS:

Restaurant Relief Grant - - - Special Assessments - - - Interest Income 1,150 1,050 (100) Advisory Parking Committee - - - Special Event Revenue 1,150 5,590 4,440

Sub-total cash receipts 2,300 6,640 4,340 CASH DISBURSEMENTS:

OFFICE DISBURSEMENTS

PSD Personnel Costs 24,370 21,510 2,860 727.0000 Postage 600 131 469 729.0000 Supplies 280 512 (232) 801.0200 Legal 250 891 (641) 802.0100 Audit - - - 811.0000 Other Contractual Service - 1,620 (1,620) 933.0200 Equipment Maintenance 300 - 300 851.0000 Telephone 150 161 (11) 955.0100 Training 90 - 90 955.0300 Memberships & Dues - - - 955.0400 Conferences & Workshops 100 - 100 942.0000 Computer Equipment Rental 1,750 1,744 6 957.0400 Liability Insurance 375 375 - 944.0000 Building Rent 1,000 1,000 -

Sub-total Office Disbursements 29,265 27,944 1,321 PROGRAM DISBURSEMENTS

DPS Downtown Maintenance 22,610 15,360 7,250 Promotion Personnel Costs 3,700 1,726 1,974 Gift Certificates Out - - - 828.0300 Valet Services - - - 829.0100 Snow Removal - - - 935.0200 Maintenance PSD 8,000 - 8,000 901.0400 Marketing & Advertising 9,000 (1,450) 10,450 901.0500 Public Relations 1,000 - 1,000 903.0000 Tenant Recruitment 18,370 7,798 10,572 909.0000 Special Events 8,000 15,926 (7,926) 904.0000 PSD Magazine - - - 829.0200 Web Site Maintenance - 625 (625)

Sub-total Program Disbursements 70,680 39,985 30,695

Total Disbursements 99,945 67,929 32,016 INCREASE (DECREASE) IN

CASH BALANCE (97,645) (61,289) 36,356 ENDING CASH BALANCE $ 761,295 $ 1,002,321 $ 241,026 Note:

Cash balance may change due to end of fiscal year transactions.

PRINCIPAL SHOPPING DISTRICT CASH FLOW

FOR THE MONTH OF JUNE 2021

(12)

DESCRIPTION PROJECTED ACTUAL VARIANCE

BEGINNING CASH BALANCE $ 909,425 $ 909,425 $ -

CASH RECEIPTS:

Restaurant Relief Grant - 58,778 58,778

Special Assessments 1,054,970 1,044,441 (10,529)

Interest Income 12,850 11,595 (1,255)

Advisory Parking Committee 25,000 25,000 -

Special Event Revenue 190,000 32,522 (157,478)

Sub-total cash receipts 1,282,820 1,172,336 (110,484) CASH DISBURSEMENTS:

OFFICE DISBURSEMENTS

PSD Personnel Costs 317,170 201,502 115,668

727.0000 Postage 3,000 131 2,869

729.0000 Supplies 3,500 62,919 (59,419)

801.0200 Legal 3,000 3,218 (218)

802.0100 Audit 760 756 4

811.0000 Other Contractual Service - 1,620 (1,620) 933.0200 Equipment Maintenance 1,200 538 662

851.0000 Telephone 1,750 1,685 65

955.0100 Training 1,000 246 754

955.0300 Memberships & Dues 1,600 1,859 (259)

955.0400 Conferences & Workshops 3,000 - 3,000 942.0000 Computer Equipment Rental 20,930 20,928 2

957.0400 Liability Insurance 4,500 4,500 - 944.0000 Building Rent 12,000 12,000 - Sub-total Office Disbursements 373,410 311,902 61,508 PROGRAM DISBURSEMENTS DPS Downtown Maintenance 168,570 161,972 6,598 Promotion Personnel Costs 44,470 18,478 25,992 Gift Certificates Out - 100 (100)