City of Culver City, California
Agenda Item Report
Meeting Date: 12/12/11 Item Number: PH-1
CITY COUNCIL AGENDA ITEM: PUBLIC HEARING - (1) Adoption of a Resolution
Confirming the Business Improvement District Advisory Board’s Annual Report
and the Levy of the Downtown Culver City Business Improvement District
Assessment for 2012; and (2) Appointment of Members to the Business
Improvement District Advisory Board for Calendar Year 2012.
Contact Person/Dept.: Glenn Heald
Todd Tipton/Community Development
Phone Number: 310-253-5752
310-253-5783
Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No []
Public Hearing: [X] Action Item: [] Attachments: [X]
Commission Action Required: Yes [] No [X] Date: _______________
Public Notification: (E-Mail and Telephone) Downtown Business Association (08/30/11);
(E-Mail) Meetings and Agendas – City Council (12/08/11); Published in Culver City News
(11/17/11).
Department Approval:
Sol Blumenfeld
City Attorney Approval:
Carol Schwab (by H. Baker) (12/07/11)
Chief Financial Officer Approval:
Jeff Muir (12/08/11)
City Manager Approval:
John M. Nachbar (12/08/11)
RECOMMENDATION:
Staff recommends the City Council (1) adopt a Resolution confirming the Business
Improvement District Advisory Board’s Annual Report and the levy of the Downtown
Culver City Business Improvement District (BID) for 2012 (Attachment No. 1); and
(2) appoint members to the BID Advisory Board.
PROCEDURE (Noticed Public Hearing):
1. Mayor seeks motion from the City Council to receive and file the affidavits of
publication and posting of notices, and correspondence received in response to
the public hearing notices; and,
2. Mayor calls for a staff report and the City Council Members may pose questions
to staff as desired; and,
3. Mayor seeks a motion to open the public hearing; and,
4. Mayor seeks a motion to close the public hearing after all public testimony has
been presented; and,
5. The City Council discusses the item and arrives at its decision.
BACKGROUND:
The BID provides a mechanism for businesses to levy assessments on themselves
for the promotion of business activities and public events; decoration of public City of Culver City, California
Agenda Item Report
places; and the acquisition, construction, installation and maintenance of specific
improvements. The BID assessment reduces the downtown business community’s
dependency on the City and Redevelopment Agency.
On November 14, 2011, the City Council approved the BID’s 2012 Annual Work
Program and Budget, as filed with the City Clerk, adopted a Resolution to levy
assessments on the Downtown Culver City Business Improvement District for 2012
and to conduct a public hearing on December 12, 2011. Additional information
related to the Annual Work Program and Budget was included in the November 14,
2011, staff report, which is attached for review (Attachment No. 2).
DISCUSSION:
BID revenues are managed by the DBA in accordance with the Management
Agreement between the City and the DBA, which details the responsibilities and
obligations of both parties. During 2011, the BID reported approximately $153,277
in total BID assessment revenues and $29,640 in carryover funds from 2010. These
funds were used toward the 2011 DBA BID Work Program with an anticipated
carryover of $9,798 for 2012. This is further described in the DBA’s Quarterly
Financial Statements and Accounts Payable Summary, which are attached for
reference (Attachment No. 3).
The following elements of the BID renewal process are outlined in summary form
below due to their governance by State law: protest of the proposed assessment,
appointment of BID Advisory Board members, and renewal of the Business
Improvement District Management Agreement.
Protest of the Proposed Assessment
State Law [Streets and Highways Code Section 36525.(a)] states: “If written protests
received from the owners of businesses in the proposed area which will pay fifty
percent or more of the assessment proposed to be levied and protests are not
withdrawn so as to reduce the protests to less than that fifty percent, no further
proceedings to create the specified parking and business improvement area or to
levy the proposed assessment, as contained in the Resolution of Intention, shall be
taken for a period of one year from the date of the finding of a majority protest by the
Council.”
BID Advisory Board Membership
State law requires the City Council to appoint a BID Advisory Board, which is
responsible for compiling the Report. The Report identifies how BID assessment
revenue will be spent, proposed improvements and activities, the classification of
businesses, the method and basis of levying assessments, and other matters the
Advisory Board deems appropriate. City of Culver City, California
Agenda Item Report
The BID Advisory Board members for 2011 are:
1) Ken Kaufman – Business Owner
2) John Byers – Business and Property Owner
3) Stu Freeman - Property Owner
4) Eric Sims – Business Representative
5) Debbie Weiss – Business and Property Owner
6) Milena Alunni – Business Owner
The DBA recommends the following BID Advisory Board Members for 2012:
1) John Byers – Business and Property Owner
2) Stu Freeman - Property Owner
3) Eric Sims – Bus Representative
4) Debbie Weiss – Business and Property Owner
5) Milena Alunni – Business Owner
6) Kathryn Lundeen – Business Owner
As part of the Management Agreement between the City and the DBA, all members
of the BID Advisory Board must be in good standing with the City, Redevelopment
Agency, and BID in terms of business tax payments, BID assessments, refuse billing
and Redevelopment Agency debt agreements. The Finance Department has no
record of debt to the City, Redevelopment Agency, or BID by any of the individuals
recommended for appointment. The City Council may appoint the persons
recommended by the DBA or appoint persons to the BID Advisory Board.
Management Agreement
The current Management Agreement between the City and the DBA remains valid
through December 31, 2012. The Management Agreement requires the DBA to
maintain tax-exempt status with the Internal Revenue Service (Attachment No. 4)
and to maintain valid General liability Insurance (Attachment No. 5)
FISCAL ANALYSIS:
There is no significant fiscal impact to the City by approving a one year extension of
the BID program; though there may be incidental expense to the City in staff time
spent preparing and presenting the two required staff reports. The collection and
distribution of BID assessments is offset by the City’s two percent (2%)
administrative fee included in the Management Agreement between the City and the
DBA.
City of Culver City, California
Agenda Item Report
ATTACHMENTS:
1. Resolution to Confirm Annual Report and Levy the Proposed Assessment for
2012.
2. Staff Report for the November 14, 2011 meeting of City Council, Approval of
the Downtown Culver City Business Improvement District Advisory
Committee’s Annual Work Program and Budget, and Adoption of a Resolution
of Intention to Conduct a Public Hearing for Continuation of the Downtown
Business Improvement District.
3. DBA Quarterly Financial Statements and Accounts Payable Summary.
4. Internal Revenue Service Tax-Exempt Certification.
5. DBA Certificate of General Liability Insurance.
MOTION:
That the City Council:
1. (If there is a majority protest) Approve a motion recognizing that protests have
been received from the owners of businesses in the proposed district which
represent fifty percent or more of the assessment proposed to be levied, and no
further proceedings to continue the Downtown Culver City Business
Improvement District shall be taken for a period of one year from the date of this
meeting.
OR
2. (If there is not a majority protest) Adopt a resolution confirming the Business
Improvement District Advisory Board’s Annual Report and the levy of the
Downtown Culver City Business Improvement District Assessment for 2012; and,
3. Appoint members to the Business Improvement District Advisory Board; and,
4. Authorize the City Attorney to review and prepare the necessary documents;
and,
5. Authorize the City Manager to execute such documents on behalf of the City.
MEETING DATE: 12112/11
AGENDA ITEM: (1) Adoption of a Resolution Confirming the
Business Improvement District Advisory Board's
Annual Report for 2012; and (2) Appointment of
Members to the Business Improvement District
Advisory Board for Calendar Year 2012.
ATTACHMENTS
Paqes
1. Resolution to Confirm Annual Report and Levy the Proposed 1-3
Assessment for 2012.
2. Staff Report for the November 14, 2011 meeting of City Council, 4-7
Approval of the Downtown Culver City Business Improvement
District Advisory Committee's Annual Work Program and Budget,
and Adoption of a Resolution of Intention to Conduct a
Public Hearing for Continuation of the Downtown Business
Improvement District.
3. DBA Quarterly Financial Statements and Accounts Payable Summary. 8-37
4. Internal Revenue Service Tax-Exempt Certification. 38-39
5. DBA Certificate of General Liability Insurance. 40 1
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Attachment 1
RESOLUTION NO. 2011-R
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CULVER CITY, CALIFORNIA, CONFIRMING THE
BUSINESS IMPROVEMENT DISTRICT ADVISORY
BOARD'S ANNUAL REPORT AND LEVYING THE
DOWNTOWN CULVER CITY BUSINESS 11V1PROVEMENT
DISTRICT ASSESSMENT FOR 2012.
WHEREAS, the Parking and Business Improvement Area Law of 1989
(California Streets and Highway Code §§36500 et seq.) (the "Act") authorizes cities to
establish parking and business improvement areas for the purpose of imposing
assessments on businesses for certain purposes; and,
WHEREAS, on December 11, 2000, the City Council of the City of Culver
City (the "City Council") approved and adopted Ordinance No. 2000-027 that repealed, in
part, Ordinance No, 98-011 and established regulations by which the Downtown Culver
City Business Improvement District (the "District") was to operate; and,
WHEREAS, pursuant to the agreement between the City and the Downtown
Business Association, the Culver City Business Improvement District Advisory Board shall
be designated by the City Council as the advisory board required by the Act; and,
WHEREAS, on November 14, 2011, the City Council approved the annual
report (including the work program and budget), prepared by the Culver City Business
Improvement District Advisory Board, and established December 12, 2011 as the date for
a public hearing to continue the District; and,
WHEREAS, Section 9.c. of Ordinance No. 2000-027, requires the adoption of
this resolution in order to levy assessments for the subject calendar year.
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Attachment
NOW, THEREFORE, the City Council of the City of Culver City, California,
DOES HEREBY RESOLVE as follows:
1. The City Council hereby determines there was no majority protest.
2. The City Council hereby confirms the Culver City Business
Improvement District Advisory Board's annual report as filed by the board or as modified by
the City Council during the public hearing of December 12, 2011.
3, The City Council hereby establishes that assessments shall be levied
on businesses located within the boundaries of the District, in classifications and amounts
set forth in Exhibit "A," which is attached hereto and incorporated by reference as though
fully set forth herein.
3. This resolution shall become effective upon signature.
APPROVED and ADOPTED this day of 2011.
MICHEAL O'LEARY, MAYOR
City of Culver City, California
ATTEST: APPROVED AS TO FORM:
k/ha
MARTIN COLE, City Clerk 4r-bri CAROL A. SCHWAB, City Attorney
Al 1-00706
-2- 858
858
TYPE B
Theaters
Live Performance
$2.34/seat
$1.17/seat
Business Type
Exhibit A
PROPOSED BID ASSESSMENT SCHEDULE 2012
City Business License Code Annual BID Fee
TYPE A
Retail 1-1000 sq. ft. 036-144, 396, 399, 402
Retail 1001-2500 sq. ft.
Retail 2501-5000 sq. ft.
Retail > 5000 sq. ft.
Hotel 456, 480
Bar/Restaurant: Total Seats, both Indoor & Outdoor: 390, 654-690
0-50 seats
51-100 seats
> 100 seats
Computer Graphics & Computer Services 152, 200
Martial Arts Studio, Health Studios, Hair Salon 744, 276
0-25,000 sq. ft.
> 25,000 sq. ft.
$ 351
$ 585
$ 877.50
$1170
$1755
$1170
$1755
$2340
$ 585
$ 585
$1170
TYPE C
All others, not listed $351
TYPED
Banking institutions 0-7500 sq. ft. 342 $1170
Banking Institutions > 7500 sq. ft $1755
Film Studios 490,498 $1170
Recording Studios 554 $1170
Utilities $1170
Hospitals > 20,000 sq. ft. 780 $2340
Hospitals and Clinics <20,000 sq. ft. $1170
TYPE E
Commercial Rentals 432
<5,000 $1170
5,001-15,000 $1755
15,001-25,000 $2340
25,001-35,000 $2925
Over 35,000 $3510
Notes:
1. Fee for individual business owners with multiple business licenses/operations at the same address
will be based on the single highest category.
2. Business owners with multiple business locations within the BID area will be assessed separately at
each location.
3. Commercial rentals will be assessed for each building location, not each tenant space.
4. Multiple independent business owners at the same address will be assessed separately at their
respective rates. Attachment 2
City of Culver City, California
Agenda Item Report
Meeting Date: 11/14/2011 Item Number: A-1
CITY COUNCIL AGENDA ITEM: (1) Review and Approval of the Downtown Culver
City Business Improvement District Advisory Board's Annual Work Program and
Budget, and (2) Adoption of a Resolution of Intent to Levy the Downtown Business
Improvement District Assessment for 2012.
Contact Person/Dept: Phone Number:
Glenn Heald (3 .10) 253-5752
Todd Tipton (310) 253-5783
Fiscal Impact: Yes fl No [X] General Fun Yes
Public Hearing: a Action Item: [X] Attachments: [X]
Commission Action Required: Yes
B N [X] Date:
Public Notification: Downtown Business Association (11/11/11); (E-Mail) Agenda and
Meetings — City Council (11/11/11)
Department Approval: City Attorney Approval:
Sol Blumenfeld (10/11/11) Carol Schwab (by H. Baker) (11/09/11)
I
Chief Financial Officer Approval: City Manager Approval:
Jeff Muir. (11/10111) John M. Nachbar (11/10/11)
RECOMMENDATION:
Staff recommends the City Council (1) approve the Downtown Culver City Business
Improvement District (BID) Advisory Board's annual Work Program and Budget for
2012 (Report), and (2) adopt a Resolution of Intent to Levy the Downtown Business
Improvement District Assessment for 2012 (Attachment No. 1).
BACKGROUND:
A BID provides a mechanism for businesses to levy assessments on themselves for,
among other things, the maintenance of public spaces and the acquisition,
construction, installation and maintenance of specific improvements. The BID allows
downtown businesses to be more self-reliant, reducing their dependence on the City
and Redevelopment Agency.
Culver City's Downtown BID was formed in September 1998, when the City Council
adopted Ordinance No. 98-011 in accordance with the Parking and Business
Improvement Area Law of 1989 (California Streets and Highways Code).
The BID Work Program is managed by the Downtown Business Association (DBA)
in accordance with the Management Agreement between the City and the DBA. The
Management Agreement requires the DBA to maintain tax-exempt status with the Attachment 2
City of Culver City, California
Agenda Item Report
Internal Revenue Service, maintain general liability insurance in an amount specified
by the City Attorney's Office, and submit quarterly reports and budget updates to the
Community Development Director describing progress toward completion of their
approved work program.
In accordance with the legal process for renewing a BID specified in the Streets and
Highways Code, the City Council is required to review and consider the BID
Advisory Board's Report during a public meeting. The Report describes any
proposed changes in the BID boundaries, a description of activities to be undertaken
(a work program), an estimate of the cost to provide the activities (a budget), the
assessment formula, the amount of surplus/deficit to be carried over from the
previous year, and the amount of other expected BID contributions. The City
Council may modify any element contained in the Report and approve it as modified
or determine to not approve the Report.
At the conclusion of the public meeting, the City Council is requested to adopt a
Resolution of Intent to levy the proposed BID assessments and sets the date and
time for a to conduct a public hearing to during which the City Council is requested
to consider whether the BID is to be continued for the following year. Upon
completion of the public hearing, which has been tentatively scheduled for
December 12, 2011, the City Council is requested to consider a resolution to
continue the BID and levy assessments. The public will be notified of the public
hearing in accordance with state law.
DISCUSSION:
BID Assessments 2011
During 2011, there were 157 businesses subject to the BID assessment. Of these,
the assessment was collected from 149 businesses (95%). The total amount
collected was approximately $153,277. The remaining 8 businesses owe part or all
of their assessment(s). A delinquency notice was sent by the City to all BID
accounts from which payment was not received on or before the BID renewal
deadline. Further collection efforts have been assumed by the BID Advisory Board
pursuant to the Management Agreement. The BID Advisory Board is currently
undertaking collection efforts to recoup outstanding uncollected fees from years
2008 through 2011 totaling approximately $38,000.
BID Assessments 2012
The BID Advisory Board proposes no change to the boundaries or assessment rates
for 2012. A map illustrating BID boundaries is Exhibit "A" to the proposed
Resolution, and Exhibit "B" is the proposed Assessment Schedule.
BID Work Program and Budget 2012 Attachment 2
City of Culver City, California
Agenda Item Report
The BID Advisory Board has filed the 2012 Report, including a proposed Work
Program and Budget, with the City Clerk, included as Exhibit "C" to the proposed
Resolution. The Work Program includes activities to enhance the business
community within the BID area, attract new investment to the downtown area, and
improve the quality of life for all downtown users. The Budget funds these activities
through assessments levied on businesses within the BID. The Budget includes a
new marketing consultant position to provide promotion for downtown and the BID
member businesses. The DBA will fund a significant portion of this new line item
through savings in other areas.
Notes:
Business owners with multiple business licenses/operations at the same address will
be assessed only the single highest applicable rate.
Business owners with multiple business locations within the BID area will be
assessed separately at each location.
Commercial rentals will be assessed for each building location, not each tenant
space.
Multiple independent business owners at the same address will be assessed
separately at their respective rates.
FISCAL ANALYSIS:
As previously stated, funds from the 2012 BID assessment are proposed to be used
for business enhancement, marketing and promotional activity and other items in
accordance with Law. During 2012, the BID anticipates assessment revenues of
approximately $161,200 and carry-over reserve funds in the amount of $9,798. The
DBA funds the salary of the Executive Director.
There is no fiscal impact to the City for the approval of the BID Annual Work
Program or adoption of the resolution to conduct a public hearing for the
continuation of the BID.
ATTACHMENTS:
Proposed Resolution of Intent, including BID Boundary Map (Exhibit "A"), Proposed
Assessment Schedule (Exhibit "B"), and 2012 BID Work Program and Budget
(Exhibit "C").
MOTION:
That the City Council: Attachment 2
City of Culver City, California
Agenda Item Report
1. Approve the BID Advisory Board's 2012 Annual Work Program and Budget as
filed with the City Clerk; and,
2. Adopt a Resolution of Intent to Levy Assessments and set December 12, 2011,
as the date for a public hearing to consider the continuation of the Downtown Culver
City Business Improvement District for calendar year 2012.
1 Attachment 3
1:59 PM
09/29/11
Accrual Basis
CC Downtown Business Association, INC
Balance Sheet
As of March 31, 2011
Mar 31, 11
ASSETS
Current Assets
Checking/Savings
1000 • Cash
1020 DBA Account - Bank of the West 20,753.36
1090 • Petty Cash 200,00
1000 • Cash - Other 9.75
Total 1000 - Cash 20,963.11
Total Checking/Savings 20,963.11
Accounts Receivable
1200- Accounts Receivable 102.12
Total Accounts Receivable 102.12
Total Current Assets 21,065.23
Fixed Assets
Fixed Asset
Computer 1,603.03
Fixed Asset Furniture 646.09
Total Fixed Asset 2,249.12
Total Fixed Assets 2,249.12
TOTAL ASSETS 23,314.35
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
2000 • Accounts Payable
Total Accounts Payable
Total Current Liabilities
Total Liabilities
Equity
3000 - Opening Bal Equity
3900 • Retained Earnings
Net Income
Total Equity
TOTAL LIABILITIES & EQUITY
12,289.96
12,289.96
12,289.96
12,289.96
4,824.53
41,301.74
-35,101.88
11,024.39
23,314.35 1,603.03
646.09
2,249.12
2,249.12
146,803.03
Attachment 3
1:59 PM
09/29/11
Accrual Basis
CC Downtown Business Association, INC
Balance Sheet
As of June 30, 2011
ASSETS
Current Assets
Checking/Savings
1000 • Cash
1020 - OSA Account - Bank of the West
1090 • Petty Cash
1000 Cash - Other
Jun 30, 11
144,242.04
200.00
9.75
Total 1000 • Cash 144,451.79
Total Checking/Savings 144,451.79
Accounts Receivable
1200 Accounts Receivable 102.12
Total Accounts Receivable 102.12
Total Current Assets 144,553.91
Fixed Assets
Fixed Asset
Computer
Fixed Asset Furniture
Total Fixed Asset
Total Fixed Assets
TOTAL ASSETS
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
2000 - Accounts Payable
Total Accounts Payable
Total Current Liabilities
Total Liabilities
Equity
3000 Opening Bal Equity
3900- Retained Earnings
Net Income
Total Equity
TOTAL LIABILITIES & EQUITY
12,911.19
12,911.19
12,911,19
12,911.19
4,824.53
41,301.74
87,765.57
133,891.84
146,80103
Qt 2,249.12
2,249.12
112,309.41
Attachment 3
CC Downtown Business Association, INC
Balance Sheet
As of September 30, 2011
Sep 30,11
ASSETS
Current Assets
Checking/Savings
1000- Cash
1020- DBA Account - Bank of the West
1090 • Petty Cash
1000 • Cash - Other
109,748.42
200.00
9.75
Total 1000 - Cash 109,958.17
Total Checking/Savings 109,958.17
Accounts Receivable
1200 Accounts Receivable 102.12
Total Accounts Receivable 102.12
Total Current Assets 110,060.29
Fixed Assets
Fixed Asset
Computer 1,603.03
Fixed Asset Furniture 646.09
Total Fixed Asset
Total Fixed Assets
TOTAL ASSETS
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
2000 - Accounts Payable
Total Accounts Payable
Total Current Liabilities
Total Liabilities
Equity
3000 • Opening Bal Equity
3900 - Retained Earnings
Net Income
Total Equity
TOTAL LIABILITIES & EQUITY
360.00
360.00
360.00
360.00
4,824.26
41,301.74
66,823.41
111,949.41
112,309.41 Total Checking/Savings
Accounts Receivable
1200 • Accounts Receivable
Total Accounts Receivable
109,958.17
102.12
102.12
Fixed Assets
Fixed Asset
Computer
Fixed Asset Furniture
Total Fixed Asset
Total Fixed Assets
TOTAL ASSETS
1,603.03
646.09
2,249.12
2,249.12
112,309.41
Attachment 3
CC Downtown Business Association, INC
Balance Sheet
As of October 31, 2011
Oct 31, 11
ASSETS
Current Assets
Checking/Savings
1000 • Cash
1020 - DBA Account - Bank of the West
1096- Petty Cash
1000 • Cash - Other
109,748.42
200.00
9.75
Total 1000 • Cash 109,958.17
Total Current Assets 110,060.29
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
2000 • Accounts Payable 360.00
Total Accounts Payable 360.00
Total Current Liabilities 360.00
Total Liabilities 360.00
Equity
3000 - Opening Bal Equity 4,824.26
3900 • Retained Earnings 41,301.74
Net Income 65,823.41
Total Equity 111,949.41
TOTAL LIABILITIES & EQUITY 112,309.41
tt Attachment 3
1:68 PM CC Downtown Business Association, INC
09/29/11 A/R Aging Summary
As of September 30, 2011
Current 1 - 30 31 -60 61 -90 > 90 TOTAL
Flavor & Flair 0.00 0.00 0.00 0.00 0.00 0.00
Pomp Home 0.00 0.00 0.00 0.00 0.00 0.00
Starwest 0.00 0.00 0.00 0.00 102.12 102.12
TOTAL 0.00 0.00 0.00 0.00 102.12 102.12 Attachment 3
1:54 PM CC Downtown Business Association, INC
09/29111 A/P Aging Summary
As of September 30, 2011
Current 1 - 30 31 -60 61 - 90 > 90 TOTAL
AT&T 0.00 0_00 0.00 0.00 -10.00 -10.00
Clerk of the Court 0.00 0.00 0.00 0.00 370.00 370.00
0.00 0.00 0.00 0.00 360.00 360.00 TOTAL
‘41 2:01 PM
09/29/11
Accrual Basis
3,000.00
0.00
0.00
0.00
4,500_00
29,639.00
29,639.00
750.00
7.90 13.89
Total 4000 - Income
34,272.88 64,677.89
Total Income
34,272.88 64,677.69
Expense
5200 • Promotional Events
5210 • Third Wednesdays
6213 • Third Wed-Street Team
5214 • Third Wed-Other
5211 • Third Wed-Printing&Design
Total 5210 • Third Wednesdays
5220 • Holiday Tree
5230 • Holiday Events
540.00
1,390.00
509.25
2,439.25
1,089.50
600.00
Total 7010 • Maintenance Contract
6,179.28 6,180.00
Attachment 3
CC Downtown Business Association, INC
Profit & Loss Budget Performance
January through March 2011
Jan -Mar 11 Budget
Income
4000 • Income
Valet Parking
4010 Assessment Income
4015 • Carry-Over
4010 Assessment Income - Other
Total 4010 Assessment Income
4080 • Reimbursed Expenses
4086 • MOU 30,614.98 30,625.00
Total 4080 • Reimbursed Expenses 30,514.98 30,525.00
4090 - Miscellaneous Income
4091 • Interest Income
Total 5200 • Promotional Events 4,028.75
7000 • Maintenance Expense
7030 • Beautification (Twinkle Lights) 0.00
7020 • MOU Maintenance 30,514.98 30,525.00
7010 - Maintenance Contract
7014 • Uniforms 0.00
7010 • Maintenance Contract - Other 6,179.28 6,180.00
Total 7000 • Maintenance Expense 36,694.26 36,705.00
6000 • Communication & Image Expense
6500 • Other Marketing Expenses
5520 • Other Marketing Expense 0.00 77.25
5500 - Other Marketing Expenses - Other 306.00
Total 5500 • Other Marketing Expenses 306.00 77.25
5000 • Communication & Image Expense - Other 0.00
Total 5000 • Communication & Image Expense 306.00 77.25
8000 - Administration Expense
8100 • Downtown Valet Park Mgmt
8120 • Lot Leases 3,000.00 6,000.00
8110 • City Fees 3,870.00 3,870.00
8100' Downtown Valet Park Mgmt - Other 860.00
Total 8100 • Downtown Valet Park Mgmt 7,730.00 9,870.00
8400 • Office Expense
8480 - Other 990.00
8450 - Computer Services 39.99
8410 • Telephone 601.66 480.00
8440 • City BID Administration Fee 0.00
8470 • Ofc_ Supplies/Postage/Comp Srv. 154.05 375.00
Total 8400 • Office Expense 1,78510 855.00 2:01 PM
09129/11
Accrual Basis
Attachment 3
CC Downtown Business Association, INC
Profit & Loss Budget Performance
January through March 2011
Jan-Mar 11 Budget
0.00
18,000.00
800.00
0.00
30.05
8500 - Professional Fee
8200 - Consulting Management
8700 • Insurance
8800 Taxes, Dues, Permits
8000 • Administration Expense - Other
Total 8000 Administration Expense
Total Expense
Net Income
18,000.00
750.00
28,345.75 29,475.00
69,374.76 66,257.25
-35,101.88 -1,579.36
S 3,000.00 4,500.00
0.00 29,639.00
0.00
0.00 29,639.00
30,514.98 30,525,00
30,514.98 30,525.00
34,272.88 64,677.89
34,272.88 64,677.89
750.00
7.90 13.89
540.00
1,390.00
509.25
2,439.25
1,089.50
500.00
Attachment 3
2:01 PM
09/29/11
Accrual Basis
CC Downtown Business Association, INC
Profit & Loss Budget Performance
January through March 2011
Jan - Mar 11 YID Budget
Income
4000 • Income
Valet Parking
4010 Assessment Income
4015 - Carry-Over
4010 Assessment Income - Other
Total 4010 Assessment Income
4080 • Reimbursed Expenses
4086 • MOU
Total 4080 • Reimbursed Expenses
4090 • Miscellaneous Income
4091 • Interest Income
Total 4000 • Income
Total Income
Expense
5200 • Promotional Events
5210 • Third Wednesdays
5213 • Third Wed-Street Team
5214 - Third Wed-Other
5211 • Third Wed-Printing&Design
Total 5210 • Third Wednesdays
6220 - Holiday Tree
5230 • Holiday Events
Total 6200 • Promotional Events 4,028.75
7000 • Maintenance Expense
7030 • Beautification (Twinkle Lights) 0.00
7020 • MOU Maintenance 30,514.98
7010 - Maintenance Contract
7014- Uniforms 0.00
7010 • Maintenance Contract - Other 6,179.28
Total 7010 • Maintenance Contract 6,179.28
30,525.00
6,180.00
6,180.00
Total 7000 • Maintenance Expense 36,694.26 36,705.00
5000 • Communication & Image Expense
5500 - Other Marketing Expenses
5520 • Other Marketing Expense 0,00 77.25
5500- Other Marketing Expenses - Other 306.00
Total 5500 • Other Marketing Expenses 306,00 77.25
5000 • Communication & Image Expense - Other 0.00
Total 6000 • Communication & Image Expense 306.00 77.25
8000 - Administration Expense
8100 • Downtown Valet Park Mgmt
8120 - Lot Leases 3,000.00 6,000,00
8110 - City Fees 3,870.00 3,870.00
8100 - Downtown Valet Park Mgmt - Other 860.00
Total 8100 • Downtown Valet Park Mgmt 7,730.00 9,870.00
8400- Office Expense
8480 • Other 990.00
8450 Computer Services 39.99
8410 • Telephone 601.66 480.00
8440 - City BID Administration Fee 0.00
8470 • Ofc. Supplies/Postage/Comp Srv. 154.05 375.00
Total 8400 - Office Expense 1,785.70 855.00 Attachment 3
2:01 PM
09/29111
Accrual Basis
CC Downtown Business Association, INC
Profit & Loss Budget Performance
January through March 2011
Jan - Mar 11 YTD Budget
0.00
18,000.00
800.00
0.00
30.05
8500 - Professional Fee
8200 • Consulting Management
8700 Insurance
8800 • Taxes, Dues, Permits
8000 - Administration Expense - Other
Total 8000 • Administration Expense
Total Expense
Net Income
18,000.00
750.00
28,34515 29,475.00
69,37416 66,257.25
-35,101.88 -1,579.36 18,000.00
29,639.00
164,000.00
3,500.00
122,100.00
100.00
24,720.00
Attachment 3
CC Downtown Business Association, INC
Profit & Loss Budget Performance
January through March 2011
2:01 PM
09/29/11
Accrual Basis
Annual Budget
Income
4000 • Income
Valet Parking
4010 Assessment Income
4015 - Carry-Over
4010 Assessment income - Other
Total 4010 Assessment Income 193,639.00
4080 • Reimbursed Expenses
4086 - MOU 122,100.00
Total 4080 • Reimbursed Expenses 122,100.00
4090 • Miscellaneous Income
4091 • Interest Income 64.19
Total 4000 • Income 333,803.19
Total Income 333,803A9
Expense
5200 • Promotional Events
5210 • Third Wednesdays
5213 - Third Wed-Street Team
5214 • Third Wed-Other
5211 • Third Wed-Printing&Design
Total 5210 • Third Wednesdays
5220- Holiday Tree 2,179.00
5230 • Holiday Events 2,121.00
Total 5200 - Promotional Events 4,300.00
7000 • Maintenance Expense
7030 - Beautification (Twinkle Lights)
7020 • MOU Maintenance
7010 • Maintenance Contract
7014 • Uniforms
7010 • Maintenance Contract - Other
Total 7010 - Maintenance Contract 24,820.00
Total 7000 • Maintenance Expense 150,420.00
5000 - Communication & Image Expense
5500 • Other Marketing Expenses
6520 • Other Marketing Expense 309.00
5500 • Other Marketing Expenses - Other
Total 5500 • Other Marketing Expenses 309.00
5000 - Communication & Image Expense - Other 25,231.00
Total 5000 - Communication & Image Expense 25,540.00
8000 • Administration Expense
8100 • Downtown Valet Park IVIgmt
8120 • Lot Leases 24,000.00
8110 • City Fees 16,080.00
8100 • Downtown Valet Park IVigrnt - Other
Total 8100 • Downtown Valet Park Mgmt 40,080.00
8400 • Office Expense
8480 • Other
8450 • Computer Services
8410 - Telephone 1,920.00
8440 - City BID Administration Fee 3,280.00
8470- Ofc. Supplies/Postage/Comp Sty. 1,500.00
Total 8400 • Office Expense 6,700.00 Attachment 3
2:01 PM
09/29/11
Accrual Basis
CC Downtown Business Association, INC
Profit & Loss Budget Performance
January through March 2011
Annual Budget
8500 - Professional Fee 2,000.00
8200 • Consulting Management 72,000.00
8700 • Insurance 2,200.00
8800 • Taxes, Dues, Permits 900.00
3000 • Administration Expense - Other
Total 8000 Administration Expense 123,880.00
Total Expense 304,140.00
Net Income 29,663.'19 132,000.00 110,001100
50,898.38 30,525.00
125.00
51,023.38
0.00
14.34
192,037.72
192,037.72 145,050.79
30,525.00
25.79
145,050.79
750.00
2,143.98
550.00
1,597.76
5,041.74
0.00
0.00
Total 7010 • Maintenance Contract 7,212.88 6,280.00
Attachment 3
2:01 PM
09/29/11
Accrual Basis
CC Downtown Business Association, INC
Profit 84 Loss Budget Performance
April through June 2011
Apr-Jun 11 Budget
Income
4000 - Income
Valet Parking 9,000.00 4,500.00
4010 Assessment Income
4015 • Carry-Over 0.00
4010 Assessment Income - Other 132,000.00 110,000.00
Total 4010 Assessment Income
4080 • Reimbursed Expenses
4086 • MOU
4085 • Other
Total 4080 • Reimbursed Expenses
• 4090 • Miscellaneous Income
4091 • Interest Income
Total 4000 • Income
Total Income
Expense
5200 • Promotional Events
5210 • Third Wednesdays
6213 • Third Wed-Street Team
5214 - Third Wed-Other
5212 • Third Wed-Entertainment
5211 • Third Wed-Printing&Design
Total 5210 • Third Wednesdays
5220- Holiday Tree
5230 • Holiday Events
Total 5200 • Promotional Events 5,041.74
7000 - Maintenance Expense
7030 • Beautification (Twinkle Lights) 0.00 3,500.00
7020 • MOU Maintenance 30,514.98 30,525.00
7010 - Maintenance Contract
7014 • Uniforms 0.00 100.00
7010- Maintenance Contract - Other 7,212.88 6,180.00
Total 7000 • Maintenance Expense 37,727.86 40,305.00
5000 - Communication & Image Expense
5500 • Other Marketing Expenses
5520 • Other Marketing Expense 0.00 77.25
5500 • Other Marketing Expenses - Other 1100
Total 5500 • Other Marketing Expenses 0.00 77.25
5000 • Communication & Image Expense - Other 0-00
Total 5000 • Communication & Image Expense 0.00 77.25
8000 • Administration Expense
8100 • Downtown Valet Park Mgrnt
8120 • Lot Leases 3,000.00 6,000.00
8110 • City Fees 4,169.52 4,170.00
8100 • Downtown Valet Park Mgmt - Other 0.00
Total 8100 • Downtown Valet Park Mgmt 7,169.52 10,170.00
8400 • Office Expense
8480 • Other 800.00
8450 • Computer Services 0.00
8410 - Telephone 413.17 480.00
8440 • City BID Administration Fee 0-00
8470 • Ofc. Supplies/Postage/Comp Srv. 17.98 375.00
Total 8400 - Office Expense 1,231.15 855.00
2.0 Total Expense
Net Income
2:01 PM
09/29111
Accrual Basis
Attachment 3
CC Downtown Business Association, INC
Profit & Loss Budget Performance
April through June 2011
Apr-Jun 11 Budget
8500 - Professional Fee
8200 • Consulting Management
8700 Insurance
8800 • Taxes, Dues, Permits
8000 - Administration Expense - Other
Total 8000 • Administration Expense
0.00
18,000.00
0.00
0.00
0.00
26,400.67
69,170.27
122,867.45
1,000.00
18,000.00
30,025.00
70,407.25
74,643.54 Total 7010 • Maintenance Contract
13,392.16 12,460.00
Attachment 3
2:01 PM
09129/11
Accrual Basis
CC Downtown Business Association, INC
Profit & Loss Budget Performance
April through June 2011
Jan-Jun 11 YTD Budget
Income
4000 • Income
Valet Parking 12,000.00 9,000.00
4010 Assessment Income
4015 • Carry-Over 0.00 29,639.00
4010 Assessment Income - Other 132,000.00 110,000.00
Total 4010 Assessment Income
4080 - Reimbursed Expenses
4086 • MOU
4085 • Other
Total 4080 • Reimbursed Expenses
4090- Miscellaneous Income
4091 - Interest Income
Total 4000 - Income
Total Income
Expense
5200- Promotional Events
6210 • Third Wednesdays
6213 • Third Wed-Street Team
5214 • Third Wed-Other
5212 • Third Wed-Entertainment
5211 • Third Wed-Printing&Design
Total 5210 • Third Wednesdays
5220 • Holiday Tree
5230 • Holiday Events
Total 5200 • Promotional Events
132,000.00 139,639.00
81,413.36 61,050.00
125.00
81,538.36 61,050.00
750.00
22.24
226,310.60 209,728.68
226,310.60 209,728.68
1,290,00
3,533.98
550.00
2,107.01
7,480.99
1,089.50
500.00
9,070.49
39.68
7000 • Maintenance Expense
7030 • Beautification (Twinkle Lights) 0.00 3,500.00
7020 - MOU Maintenance 61,029.96 61,050.00
7010 • Maintenance Contract
7014 • Uniforms 0.00 100.00
7010 • Maintenance Contract - Other 13,392.16 12,360.00
Total 7000 • Maintenance Expense 74,422.12 77,010.00
5000 - Communication & Image Expense
5500 • Other Marketing Expenses
5520 - Other Marketing Expense 0.00 154.50
5500 - Other Marketing Expenses - Other 306.00
Total 5500 Other Marketing Expenses 306.00 154.50
5000 • Communication & Image Expense - Other 0.00
Total 5000 Communication & Image Expense 306.00 154.50
8000 • Administration Expense
8100 - Downtown Valet Park Mgmt
8120 • Lot Leases 6,000.00 12,000.00
8110 • City Fees 8,039.52 8,040.00
8100 • Downtown Valet Park Mgmt - Other 860.00
Total 8100 - Downtown Valet Park Mgmt 14,899.52 20,040.00
8400 • Office Expense
8480 • Other 1,790.00
8450 • Computer Services 39.99
8410 • Telephone 1,014.83 960.00
8440 • City BID Administration Fee 0.00
8470 - Ofc. Supplies/Postage/Comp Srv. 172.03 750.00
Total 8400 • Office Expense 3,016.85 1,710.00 Total Expense
Net Income
Attachment 3
2:01 PM
09129111
Accrual Basis
CC Downtown Business Association, INC
Profit & Loss Budget Performance
April through June 2011
8500 • Professional Fee
8200 - Consulting Management
8700 • Insurance
8800 - Taxes, Dues, Permits
8000 • Administration Expense - Other
Total 8000 • Administration Expense
Jan Jun 11
0.00
36,000.00
800.00
0.00
30.05
54,746.42
138,545.03
87,765.57
YTD Budget
1,000.00
36,000.00
750.00
59,500.00
136,664.50
73,064.18
2.s 18,000.00
29,639.00
164,000.00
Attachment 3
2:01 PM
09129/11
Accrual Basis
CC Downtown Business Association, INC
Profit & Loss Budget Performance
April through June 2011
Annual Budget
Income
4000 • Income
Valet Parking
4010 Assessment Income
4015 • Carry-Over
4010 Assessment Income - Other
Total 4010 Assessment Income 193,639.00
4080 • Reimbursed Expenses
4086 - MOU 122,100.00
4085 , Other
Total 4080 - Reimbursed Expenses 122,100.00
4090 • Miscellaneous Income
4091 - Interest Income 64.19
Total 4000 • Income
Total Income 333,803.19
Expense
5200 • Promotional Events
5210 - Third Wednesdays
5213 • Third Wed-Street Team
5214 Third Wed-Other
5212 Third Wed-Entertainment
5211 - Third Wed-Printing&Design
Total 5210 • Third Wednesdays
5220 - Holiday Tree 2,179.00
5230 • Holiday Events 2,121.00
Total 5200 Promotional Events 4,300.00
7000 • Maintenance Expense
7030- Beautification (Twinkle Lights) 3,500.00
7020 • MOU Maintenance 122,100.00
7010 - Maintenance Contract
7014 • Uniforms 100.00
7010 Maintenance Contract - Other 24,720.00
Total 7010 • Maintenance Contract 24,820.00
Total 7000 Maintenance Expense 150,420.00
5000 Communication & Image Expense
5500 Other Marketing Expenses
5520 • Other Marketing Expense 309.00
5500 - Other Marketing Expenses - Other
Total 5500 • Other Marketing Expenses 309.00
5000- Communication & Image Expense - Other 25,231.00
Total 5000 • Communication & Image Expense 25,540.00
8000 - Administration Expense
8100 • Downtown Valet Park Mgmt
8120- Lot Leases 24,000.00
8110 - City Fees 16,080.00
8100- Downtown Valet Park Mgmt - Other
Total 8100 • Downtown Valet Park Mgmt 40,080.00
8400 • Office Expense
8480- Other
8450 • Computer Services
8410 - Telephone 1,920.00
8440 • City BID Administration Fee 3,280.00
8470 Ofc. Supplies1Postage/Comp Srv. 1,500.00
Total 8400 - Office Expense 6,700.00
333,803.19 Attachment 3
2:01 PM
09129/11
Accrual Basis
CC Downtown Business Association, INC
Profit & Loss Budget Performance
April through June 2011
Annual Budget
8500 - Professional Fee 2,000.00
8200 • Consulting Management 72,000.00
8700 • Insurance 2,200.00
8800 • Taxes, Dues, Permits 900.00
8000 • Administration Expense - Other
Total 8000 - Administration Expense 123,880.00
Total Expense 304,140.00
Net Income 29,663.19
'LS Income
4000 • income
Valet Parking
4010 Assessment Income
4015 • Carry-Over
4010 Assessment Income - Other
0.00
0.00 27,000.00
1,500.00 4,500.00
Total 4010 Assessment Income
0.00 27,000.00
25.00
0.00
1 t 48
1,780.23
1,780.23
30,525.00
12.77
62,037.77
62,037.77
480.00
100.00
400.00
423.04
2,492.54 1,089.50
0.00
0.00 30,525.00
0.00
0.00 6,180.00
0.00 6,180.00
0.00 , 36,705.00
1,403.04
1,089.50
0.00
1,089.50
Attachment 3
2:02 PM
09/29/11
Accrual Basis
CC Downtown Business Association, INC
Profit & Loss Budget Performance
July through September 2011
Jul-Sep 11 Budget
4030 • Associate Member Dues 243.75
4080 • Reimbursed Expenses
4086 • MOU 0.00 30,525.00
4085 • Other 25.00
Total 4080 • Reimbursed Expenses
4090 • Miscellaneous Income
4091 • Interest Income
Total 4000 • Income
Total Income
Expense
5200 • Promotional Events
5210 - Third Wednesdays
5213 • Third Wed-Street Team
5214- Third Wed-Other
5212 • Third Wed-Entertainment
5211 • Third Wed-Printing&Design
Total 5210 • Third Wednesdays
5220 - Holiday Tree
5230 • Holiday Events
Total 5200 - Promotional Events
7000 - Maintenance Expense
7030 • Beautification (Twinkle Lights)
7020 • MOU Maintenance
7010 • Maintenance Contract
7014 • Uniforms
7010- Maintenance Contract - Other
Total 7010 • Maintenance Contract
Total 7000 • Maintenance Expense
5000 - Communication St Image Expense
5500 - Other Marketing Expenses
5520 • Other Marketing Expense 0.00 77.25
5500 • Other Marketing Expenses - Other 0.00
Total 5500 • Other Marketing Expenses 0.00 77.25
5000 Communication & Image Expense - Other 4,000.00
Total 5000 - Communication & Image Expense 4,000.00 77.25
8000 • Administration Expense
8100 - Downtown Valet Park Mgmt
8120 • Lot Leases 2,000.00 6,000.00
8110 - City Fees 2,580.00 3,870.00
8100 • Downtown Valet Park Mgmt - Other 156.60
Total 8100 • Downtown Valet Park Mgmt 4,736.60 9,870.00
2.c) Total Expense
Net Income ,
480.00
375.00
855.00
Attachment 3
2:02 PM
09/29/11
Accrual Basis
CC Downtown Business Association, INC
Profit & Loss Budget Performance
July through September 2011
Jul-Sep 11 Budget
8400 Office Expense
8480 • Other
8450 Computer Services
8410 • Telephone
8440 - City BID Administration Fee
8470 • Ofc. Supplies/Postage/Comp Srv.
Total 8400 Office Expense
8500 • Professional Fee
8200 • Consulting Management
8700 - Insurance
8800 • Taxes, Dues, Permits
8000 Administration Expense - Other
Total 8000 • Administration Expense
0.00
0.00
368.38
0.00
124.87
493.25
0.00 1,000.00
12,000.00 18,000.00
0.00 1,450.00
0.00
0.00
17,229.85 31,175.00
23,722.39 69,046,75
-21,942.16 -7,008.98 2:02 PM
09/29/11
Accrual Basis
132,000.00
243.75
Total 4010 Assessment Income
4030 • Associate Member Dues
4080- Reimbursed Expenses
4086 • MOU
4085- Other
166,639.00
81,413.36 91,575.00
150.00
228,090.83 271,766.45
228,090.83 271,766.45
81,563.36
750.00
33.72
91,575_00
52.45
1,770.00
3,633.98
950.00
2,530.05
11,563.03 1,089.50
8,884.03
2,179.00
500.00
1,089.50
Total 7010- Maintenance Contract 13,392.16 18,640.00
Total 7000 • Maintenance Expense
5000- Communication & Image Expense
6600 • Other Marketing Expenses
74,422.12 113,715.00
Attachment 3
CC Downtown Business Association, INC
Profit & Loss Budget Performance
July through September 2011
Jan - Sep 11 YTD Budget
Income
4000 - Income
Valet Parking 13,500.00 13,500.00
4010 Assessment Income
4015 • Carry-Over 0.00 29,639.00
4010 Assessment Income.- Other 132,000.00 137,000.00
Total 4080 • Reimbursed Expenses
4090- Miscellaneous Income
4091 'Interest Income
Total 4000 - Income
Total Income
Expense
5200 - Promotional Events
6210 • Third Wednesdays
5213 Third Wed-Street Team
5214 • Third Wed-Other
5212 - Third Wed-Entertainment
5211 • Third Wed-Printing&Design
Total 5210 - Third Wednesdays
6220 • Holiday Tree
5230 - Holiday Events
Total 5200 • Promotional Events
7000 • Maintenance Expense
7030 • Beautification (Twinkle Lights) 0.00 3,500.00
7020- MOU Maintenance 61,029.96 91,575.00
7010 • Maintenance Contract
7014- Uniforms 0.00 100.00
7010 • Maintenance Contract - Other 13,392.16 18,540.00
5520 - Other Marketing Expense 0.00 23t75
5500 - Other Marketing Expenses - Other 306.00
Total 5500 - Other Marketing Expenses 306.00 231.75
5000 • Communication & Image Expense - Other 4,000.00
Total 5000 • Communication & Image Expense 4,306.00 231.75
8000 • Administration Expense
8100- Downtown Valet Park Mgmt
8120- Lot Leases 8,000.00 18,000.00
8110 • City Fees 10,619.52 11,910_00
8100 • Downtown Valet Park Mgmt - Other 1,016.60
Total 8100 • Downtown Valet Park Mgmt 19,636.12 29,910.00 Jan - Sep 11 YTD Budget
3,510.10 2,565.00
1,790.00
39.99
1,383.21
0.00
296.90
1,440.00
1,125.00
0.00
48,000.00
800.00
0.00
30.05
2,000.00
54,000.00
2,200.00
Attachment 3
2:02 PM
09129/11
Accrual Basis
CC Downtown Business Association, INC
Profit & Loss Budget Performance
July through September 2011
8400 • Office Expense
8480 • Other
8450 - Computer Services
8410 Telephone
3440- City BID Administration Fee
8470 • Ofc. Supplies/Postage/Comp Srv.
Total 8400 • Office Expense
8500 • Professional Fee
8200 Consulting Management
8700 Insurance
8800 - Taxes, Dues, Permits
8000 - Administration Expense - Other
Total 8000 • Administration Expense 71,976.27 90,675.00
Total Expense 162,267.42 205,711.25
Net Income 65,823.41 66,056.20
2_ct 18,000.00
29,639.00
164,000.00
122,100.00
122,100.00
64.19
Attachment 3
2:02 PM
09/29111
Accrual Basis
CC Downtown Business Association, INC
Profit & Loss Budget Performance
July through September 2011
Annual Budget
Income
4000- Income
Valet Parking
4010 Assessment Income
4015 • Carry-Over
4010 Assessment Income - Other
Total 4010 Assessment Income 193,639.00
4030 Associate Member Dues
4080 Reimbursed Expenses
4086 • MOU
4085 - Other
Total 4080 • Reimbursed Expenses
4090 Miscellaneous Income
4091 • Interest Income
Total 4000 Income 333,803.19
Total Income 333,803.19
Expense
5200 • Promotional Events
5210 • Third Wednesdays
5213 - Third Wed-Street Team
5214 • Third Wed-Other
5212 • Third Wed-Entertainment
5211 • Third Wed-Printing&Design
Total 5210 Third Wednesdays
5220 • Holiday Tree 2,179.00
5230 Holiday Events 2,121.00
Total 5200 • Promotional Events 4,300.00
7000 • Maintenance Expense
7030 Beautification (Twinkle Lights) 3,500.00
7020 • MOU Maintenance 122,100.00
7010 • Maintenance Contract
7014 • Uniforms 100.00
7010 • Maintenance Contract - Other 24,720.00
Total 7010- Maintenance Contract 24,820.00
Total 7000 Maintenance Expense 150,420.00
5000 Communication & Image Expense
5500 Other Marketing Expenses
5520 Other Marketing Expense 309.00
6500 • Other Marketing Expenses - Other
Total 5500 • Other Marketing Expenses 309.00
5000 • Communication & Image Expense - Other 25,231.00
Total 5000 • Communication & Image Expense 25,540.00
8000 • Administration Expense
8100 • Downtown Valet Park Mgmt
8120 - Lot Leases 24,000.00
8110- City Fees 16,080.00
8100- Downtown Valet Park Mgmt - Other
Total 8100- Downtown Valet Park Mgmt 40,080.00 1,920.00
3,280.00
1,500.00
6,700.00
2,000.00
72,000.00
2,200.00
900.00
123,880.00
304,140.00
29,663.19
Attachment 3
2:02 PM
09/29/11
Accrual Basis
CC Downtown Business Association, INC
Profit & Loss Budget Performance
July through September 2011
Annual Budget
8400 • Office Expense
8480 Other
8450 Computer Services
8410 - Telephone
8440 • City BID Administration Fee
8470 Ofc. Supplies/Postage/Comp Srv.
Total 8400 • Office Expense
8500 - Professional Fee
8200 - Consulting Management
8700 • Insurance
8800 Taxes, Dues, Permits
8000 • Administration Expense - Other
Total 8000 • Administration Expense
Total Expense
Net Income Oct-Dec 11 Budget
Income
4000 • Income
Valet Parking
4010 Assessment Income
4015- Carry-Over
4010 Assessment Income - Other
0.00
0.00 27,000.00
0.00 4,500.00
0.00 Total 4010 Assessment income
27,000.00
0.00
0.00 30,525.00
0.00
0,00 30,525.00
0.00
0.00 62,036.74
0.00 62,036.74
0.00 11.74
0.00
0.00
0.00
0.00 1,089.60
0.00 2,121.00
Attachment 3
2:02 PM
09/29/11
Accrual Basis
CC Downtown Business Association, NC
Profit & Loss Budget Performance
October through December 2011
0.00
0.00
0.00
0.00
4030 • Associate Member Dues
4080 • Reimbursed Expenses
4086 - MOU
4085 • Other
Total 4080 - Reimbursed Expenses
4090 • Miscellaneous Income
4091 - Interest Income
Total 4000 • Income
Total Income
Expense
5200 - Promotional Events
5210 - Third Wednesdays
5213 • Third Wed-Street Team
5214 Third Wed-Other
5212 • Third Wed-Entertainment
5211 Third Wed-Printing&Design
Total 5210 • Third Wednesdays
5220- Holiday Tree
5230 • Holiday Events
Total 5200 • Promotional Events
7000 Maintenance Expense
7030 • Beautification (Twinkle Lights)
7020 - MOU Maintenance
7010 • Maintenance Contract
7014 • Uniforms
7010 - Maintenance Contract - Other
Total 7010 • Maintenance Contract
" 0.00 3,210.50
0.00
0.00 30,525.00
6,180.00
0.00 6,180.00
Total 7000 • Maintenance Expense 0.00 36,705.00
5000 Communication & image Expense
5500 • Other Marketing Expenses
5520 • Other Marketing Expense 0.00 77.25
5500 Other Marketing Expenses - Other 0.00
Total 5500 • Other Marketing Expenses 0.00 77.25
0.00
0.00
0.00
5000 • Communication & Image Expense - Other
Total 5000 • Communication & Image Expense
8000 • Administration Expense
8100 Downtown Valet Park IVIgmt
8120 • Lot Leases
8110- City Fees
8100 • Downtown Valet Park Mgmt - Other
0.00 25,231.00
0.00 25,308.25
6,000.00
4,170.00
Total 8100 - Downtown Valet Park Mgmt 0.00 10,170.00 480.00
3,280.00
375.00
4,135.00
18,000.00
900.00
33,205.00
98,428.75
-36,392.01
Attachment 3
2:02 PM
09129/11
Accrual Basis
CC Downtown Business Association, INC
Profit & Loss Budget Performance
October through December 2011
Oct-Dec 11 Budget
8400 • Office Expense
8480 - Other
8450 Computer Services
8410 Telephone
8440 • City BID Administration Fee
8470 • Ofc. Supplies/Postage/Comp Srv.
Total 8400 • Office Expense
8500 - Professional Fee
8200 Consulting Management
8700 • Insurance
8800 - Taxes, Dues, Permits
8000 • Administration Expense - Other
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total 8000 • Administration Expense 0.00
Total Expense 0.00
Net Income 0.00 132,000.00
243.75
Total 4010 Assessment Income
4030 • Associate Member Dues
4080 • Reimbursed Expenses
4086 - IVIOU
4085 • Other
193,639.00
81,413.36 122,100.00
150.00
1,770.00
3,633.98
950.00
2,530.05
11,563.03 4,300.00
8,884.03
2,179.00
500.00
2,179.00
2,121.00
Total 7010 • Maintenance Contract 13,392.16 24,820.00
2:02 PM
09/29/11
Accrual Basis
Attachment 3
CC Downtown Business Association, INC
Profit & Loss Budget Performance
October through December 2011
Jan-Dec 11 YTD Budget
Income
4000 • Income
Valet Parking 13,500.00 18,000.00
4010 Assessment Income
4015 - Carry-Over 0.00 29,639.00
4010 Assessment Income - Other 132,000.00 164,000.00
Total 4080- Reimbursed Expenses 81,563.36 122,100.00
4090 • Miscellaneous Income 750.00
4091 • Interest Income 33.72 64.19
Total 4000 • Income 228,090.83 333,803.19
228,090.83 333,803.19
Total Income
Expense
5200 • Promotional Events
5210- Third Wednesdays
5213 • Third Wed-Street Team
5214 Third Wed-Other
5212 • Third Wed-Entertainment
5211 - Third Wed-Printing&Design
Total 5210 • Third Wednesdays
5220- Holiday Tree
5230 • Holiday Events
Total 5200 • Promotional Events
7000 • Maintenance Expense
7030- Beautification (Twinkle Lights) 0.00 3,500.00
7020 • MOU Maintenance 61,029.96 122,100.00
7010 - Maintenance Contract
7014 • Uniforms 0.00 100.00
7010 • Maintenance Contract - Other 13,392.16 24,720.00
Total 7000 Maintenance Expense 74,422.12 150,420.00
5000 • Communication & Image Expense
5500- Other Marketing Expenses
5520 • Other Marketing Expense 0.00 309.00
5500 - Other Marketing Expenses - Other 306.00
Total 5500 • Other Marketing Expenses 306.00 309.00
5000 Communication & Image Expense - Other 4,000.00 25,231.00
Total 5000 Communication & Image Expense 4,306.00 25,540.00
8000 - Administration Expense
8100 • Downtown Valet Park Mgmt
8120 • Lot Leases 8,000.00 24,000.00
8110- City Fees 10,619.52 16,080.00
8100 • Downtown Valet Park Mgmt - Other 1,016.60
Total 8100 - Downtown Valet Park 1111gmt 19,636.12 40,080.00 2,000.00
72,000,00
2,200.00
900.00
0.00
48,000.00
800.00
0.00
30.05
8500 - Professional Fee
8200 • Consulting Management
5700- Insurance
8800 • Taxes, Dues, Permits
8000 - Administration Expense - Other
Attachment 3
2:02 PM
09/29/11
Accrual Basis
CC Downtown Business Association, INC
Profit & Loss Budget Performance
October through December 2011
Jan - Dec 11 YTD Budget
8400 Office Expense
8480 • Other 1,790.00
8450 • Computer Services 39.99
8410 • Telephone 1,383.21 1,920.00
8440 - City BID Administration Fee 0.00 3,280.00
8470 Ofc. Supplies/Postage/Comp Srv. 296.90 1,500.00
Total 8400 Office Expense 3,510.10 6,700.00
Total 8000 Administration Expense 71,976.27 123,880.00
Total Expense 162,267.42 304,140.00
Net Income 66,823.41 29,663.19
IS 18,000.00
29,639.00
164,000.00
2,179.00
2,121.00
Attachment 3
CC Downtown Business Association, INC
Profit & Loss Budget Performance
October through December 2011
2:02 PM
09129/11
Accrual Basis
Annual Budget
Income
4000 • Income
Valet Parking
4010 Assessment Income
4015 • Carry-Over
4010 Assessment Income - Other
Total 4010 Assessment Income 193,639.00
4030 • Associate Member Dues
4080 • Reimbursed Expenses
4086 - MOU 122,100.00
4085 - Other
Total 4080 • Reimbursed Expenses 122,100.00
4090' Miscellaneous Income
4091 - Interest Income 64.19
Total 4000 'Income 333,803.19
Total Income 333,803.19
Expense
5200- Promotional Events
5210 • Third Wednesdays
5213 • Third Wed-Street Team
5214 • Third Wed-Other
5212 Third Wed-Entertainment
5211 Third Wed-Printing&Design
Total 5210 • Third Wednesdays
5220 - Holiday Tree
5230 • Holiday Events
Total 5200 • Promotional Events 4,300.00
7000 • Maintenance Expense
7030 • Beautification (Twinkle Lights) 3,500.00
7020 - MOU Maintenance 122,100.00
7010 Maintenance Contract
7014 • Uniforms 100.00
7010 • Maintenance Contract - Other 24,720.00
Total 7010 • Maintenance Contract 24,820.00
Total 7000 • Maintenance Expense 150,420.00
5000 • Communication & Image Expense
5500 • Other Marketing Expenses
5520 • Other Marketing Expense 309,00
5500 - Other Marketing Expenses - Other
Total 5500 • Other Marketing Expenses 309.00
5000 • Communication & Image Expense - Other 25,231.00
Total 5000 • Communication & Image Expense 25,540.00
8000 • Administration Expense
8100 • Downtown Valet Park Mgmt
8120 • Lot Leases 24,000.00
8110 - City Fees 16,080.00
8100 • Downtown Valet Park Mgmt - Other
Total 8100 • Downtown Valet Park Mgmt 40,080.00 1,920.00
3,280.00
1,500.00
6,700.00
2,000.00
72,000.00
2,201100
900.00
123,881100
304,140.00
29,663.19
Attachment 3
2:02 PM
09/29/11
Accrual Basis
CC Downtown Business Association, INC
Profit & Loss Budget Performance
October through December 2011
Annual Budget
8400 - Office Expense
8480 • Other
8450 - Computer Services
8410 • Telephone
8440 • City BID Administration Fee
8470 • Ofc. Supplies/Postage/Comp Srv.
Total 8400 • Office Expense
8500 - Professional Fee
8200 • Consulting Management
8700 • Insurance
8800 • Taxes, Dues, Permits
8000 • Administration Expense - Other
Total 8000 • Administration Expense
Total Expense
Net Income -A
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eGez,ma,7,e VERAGES CERTIFICATE NUMBER: Cert ID 92492 REVISION NUMBER:
Attachment 5
AccoRE) CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DDNYYY)
lalb..... 11/17/201/
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS
CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES
BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED
REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.
IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. If SUBROGATION IS WAIVED, subject to
the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the
certificate holder in lieu of such endorsement(s).
PRODUCER CONTACT
NAME:
WELLS FARGO INSURANCE SERVICES PHONE FAX
P.O. BOX 10660 (A/C, No, Ext): (866) 972-7378 (A/c, p,i0): ( 8 00 ) 455 - 9 611
E-MAIL
ADDRESS: ESBSERVICECENTER@Z IS /NTERNET -COM
JACKSONVILLE FL 32247
INSURER(S) AFFORDING COVERAGE NAIC II
INSURER A : Marylartd Casualty 19356
INSURED INSURER B :
Downtown Culver City Business Association
INSURER C:
P.o. Box 1322 iNsURERD:
Culver City CA 902321322 INSURER E :
INSURER F:
THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD
INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS
CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS,
EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.
INSR ADDL SUER POLICY EFF POLICY EXP
LTR TYPE OF INSURANCE INSR MD POLICY NUMBER (MM/DONYYY) (MMINVYYYY) LIMITS
GENERAL LIABILITY EACH OCCURRENCE $ 1,000,000
DAMAGE TO RENTED
A X COMMERCIAL GENERAL LIABILITY PA5002304121 4/9/2011 4/9/2012 PREMISES (Ea occurrence) $ 1,000,000
CLAIMS-MADE X OCCUR MED EXP (Any one person) $ 10,000
PERSONAL & ADV INJURY $ 1,000,000
GENERAL AGGREGATE $ 2,000,000
GEM_ AGGREGATE LIMIT APPLIES PER: PRODUCTS - COMP/OP AGG $ 2,000,000
PRO- $
- I POLICY JECT X LOC
AUTOMOBILE LIABILITY COMBINED
(Ea accident)
SINGLE LIMIT
, $ 1,000,000
A ANY AUTO PAS002304121 4/9/2011 4/9/2012 BODILY INJURY (Per person) $
ALL OWNED
SCHEDULED BODILY INJURY (Per accident) $
_
AUTOS AUTOS _._
„ NON-OWNED PROPERTY DAMAGE $
X HIRED AUTOS .• AUTOS (Per accident)
$
UMBRELLA LIAB OCCUR EACH OCCURRENCE $
_
EXCESS LIAB CLAIMS-MADE AGGREGATE $
DED RETENTIONS $
WORKERS COMPENSATION WC STATU- OTH-
AND EMPLOYERS' LIABILITY Y / N TORY LIMITS ER
-,-
ANY PROPRIETOR/PARTNER/EXECUTIVE EL. EACH ACCIDENT $
OFFICER/MEMBER EXCLUDED? N /A
(Mandatory in NH) E.L. DISEASE - EA EMPLOYEE $
If yes, describe under •
DESCRIPTION OF OPERATIONS below ...E.L. DISEASE - POLICY LIMIT $
$
DESCRIPTION OF OPERATIONS / LOCATIONS /VEHICLES (Attach ACORD 101, Additional Remarks Schedule, if more space is required)
CERTIFICATE HOLDER IS DESIGNATED AS ADDITIONAL INSURED WITH REGARDS TO GENERAL LIABILITY. AS SUBJECT
TO THE POLICY TERMS AND CONDITIONS.
CERTIFICATE HOLDER
CITY OF CULVER CITY REDVELOPMENT AGENCY-CITY HALL
• 9770 CULVER BLVD
CULVER CITY CA 90232
CANCELLATION
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE
THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN
ACCORDANCE WITH THE POLICY PROVISIONS.
AUTHORIZED REPRESENTATIVE
ACORD 25 (2010105)
0 1988-2010 ACCIRD CORPORATION. All rights reserved.
The ACORD name and logo are registered marks of ACORD
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