HomeMy WebLinkAboutAgenda Report - April 30, 2003 B-01 SMyOF�
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AGENDA TITLE: Review and Discuss Fiscal Years 2003-05 Financial Plan and Budget
Alternatives
MEETING DATE: April 30, 2003
SUBMITTED BY: Janet S. Keeter, Deputy City Manager
RECOMMENDATION: That the Council review with staff various scenarios as they relate to
General Fund budget alternatives.
BACKGROUND INFORMATION: In anticipation of releasing the draft Fiscal Years 2003-05 Financial
Plan and Budget to Council by May 7, 2003, staff has prepared
various fund balance scenarios for Council's consideration, During
the April 30th Special Council meeting, staff will present to Council alternatives which focus on solutions
for addressing an anticipated General Fund $3 million shortfall in Fiscal Year 2003-04.
The alternatives identify operating budget reductions and revenue enhancements and poise questions
regarding hiring new firefighter positions, providing salary adjustments, and determining acceptable levels
of General Fund fund balance. In addition, staff will discuss position and program reductions, and cost
recovery percentages of certain program expenditures.
The scenarios were developed in the context of consensus -building with a number of meetings hosted by
the City Manager that included department heads, labor union representatives, contract and probationary
employees, and the budget team. Each scenario has its pluses and minuses, and Council will be
requested to provide direction to staff on the best alternative or combination of alternatives.
The scenarios will be provided to Council during the April 30"' meeting; however, the City Manager is
available prior to April 30tr' to discuss with individual Council Members the various elements of those
scenarios.
Funding: Not applicable
Respectfully submitted,
Ja et S. �Ietrj
Deputy City Manager
APPROVED:
H. Dixon Flynn -- City Manager
fedi EVwd G"
P.O. Box 877
Lodi, CA 95241
(209) 367-1547
Fax (209) 368-4553
To our honorable council members and city manager
It seems as though everywhere you tum there is negative newsy war, recession, disease,
terrorism, crime, abuse of public trust — even here in the Central Valley. Where this will stop none
of us know.
Can you imagine what this all looks like through a child's eye! What memories do you cherish
from your Childhood? What memories will our children will grow up with?
Now on to our real point, the problems that I have just described are enormousl But other cities
in similar straits are continuing to move forward and nurture a flame of hope even in the darkest
of times. A hope that their children will still enjoy the thrill and discipline provided by competitive
sports, the carefree after-school lingering outside the locker room, in a nearby outdoor cafe.
Let me mention a few that have not given up hopes, or hoops:
• the Mayor of Morgan .Hill and a Council Member are leading the push to proceed to bid
their aquatic center next month — it will open May '04;
• the City of Menlo Park Is moving ahead with the renovation of their gymnastics center,
and adding two pools:
e the City of Oakland is proceeding to finish the design of an ambitious indoor recreation
center and regional natatorium in East Oakland, south of the Coliseum for an aggressive
fundraising effort;
• Woodland voters approved $20M in increased sales tax to pay for a community center.
streets and emergency services;
• Redding has found funding for a $5M aquatics project and a $11M sports complex
through their General Fund and Redevelopment Funds, State Bond Prop 12, and i6M
more that they received through their State Senator.
When our boys and girls hear about the heroism of our firemen in New York and of Jessica Lynch
in Iraq, they wilt feel inspired to work all the harder. on the athletic field, in the pool. In the gym.
What gym?
When recession hits and stocks are low, do you sell, or is that the time to buy? When you hear
that pool costs are at 15 -year lows, and that there are dozens of bidders on public works project,
is that the time to put your project on the shelf?
Lets face it we started our priority list back in January 2000. With public hearings, selecting
consultants, rolling up our sleeves, wrestling with the program, and tackling the budget. Those
who were on the council at that time know we have come so far and are so, so close.
But, at the buzzer, where will our shot land? Does it have to be 'wall till next year' allover again,
or Is this to be our championship season? Let's not just go out with a whimper. Let's find out
what trade-offs those other cities have made. Maybe it's matching grants, private tundras",
reallocation of limited city funds, phasing, but let's not give up the ground we have worked so
hard to gain.
The darkest nights are the times for the brightest dreams.
Let's roll. �Y JJ __ ,, C� .' C ; r
2003-05 Financial Plan and Budget
SIGNIFICANT EXPENDITURE REQUEST AND STAFFING CHANGE
ACTIVITY: Community Promotions
REQUEST TITLE: Increased Funding to the Downtown Lodi Business Partnership
REQUEST SUMMARY
Request $43,000 additional funding to the Downtown Lodi Business Partnership to a total of $90,000.
PRIMARY OBJECTIVE
To increase the amount of direct financial support from the City of Lodi to the Downtown Lodi Business Partnership for the
marketing and management of the downtown.
SUMMARY OF FACTORS DRIVING THE REQUEST FOR CHANGE
The City Council approved a $47,000 cash contribution to the DLBP for fiscal years 2001-2002 and 2002-2003 for general
support. The Partnership was granted an additional $15,000 in fiscal year 2001-2003, reimbursing them for costs associated
with the collection of assessment fees. In fiscal year 2002-2003, the Partnership was again granted $14,000 for the past
collection of assessment fees and $39,000 for banners, bringing the total City contribution to $100,000.
For the upcoming fiscal year, the DLBP requests that the City increase its contribution by $43,000 to $90,000.
ALTERNATIVES
To maintain or reduce the budgeted contribution level of $47,000 as in the prior fiscal year.
COST SUMMARY 2003-04 2004-05
Additional Costs $43,000 $43,000
-Savings
Net Cost $43,000 $43,000
2003-2005 FINANCIAL PIAN AND SUMMARY
CHANGES IN FUND BALANCE - GENERAL FUND
Revenues
Tax Revenues
Licenses and Permits
Fines and Forfeitures
hmestment/Property Revenues
hdargovmunental Revenues
Service Charges
Other Revenue
Total Revenue
Expmhdkures
Operating Programs
Public Safety
Transportation
Leine, Cultural and Social Servioes
Community and Economic Development
General Government
Total Operating Programs
Bulk Poorer Purchase
Other Purchases
Capital Projects
Debt Service
Total Expendkures
Revenues/Expenditures (Over/Under)
Other Sources (Uses)
Operating Transfers In
Operating Transfers Out
Other Sources (Uses)
Total Other Sosrces (Uses)
Fund Balance Begirming of the Year
2001-2002 2002-2003 2003-2004 2003-2004 2003-2004 20042005
Revised Requested Recommended
Actual Budget Budget Difference Budget Budget
19,447,199
20,700,317
21,160,890
0
21,160,890
21,950,230
1,464,450
1,655,554
1,555,905
0
1,555,905
11586,115
743,058
795,227
811,090
0
811,090
763,945
500,058
811,239
776,260
0
776,260
776,260
4,291,718
3,989,948
1,680,745
2,354,486
4,145,331
4,056,961
1,738,806
1,888,415
1,646,330
168,600
1,814,930
2,352,060
138,294
81,105
114,250
5,000
119,250
121,235
28,323,583
29,921,805
27,745,470
2,528,086
30,383,656
31406,806
13,132,941
13,571,753
15,081,744
(95,185)
14,986,559
16,541,964
1,817,284
2,322,824
2,117,430
(45.160)
2,072,270
2,158,690
4,082,832
4,060,887
4,520,230
198,025
4,718,255
4,842,885
3.152.561
3,451,362
3,538,765
(249,355)
3,289,410
3,557,270
7,788,217
8,740,705
9,132,852
(134,400)
8,998,452
9,499,949
29,973,835
32,147,531
34,391,021
(326,075)
34,064,946
36,600,758
0
0
0
0
0
0
0
0
0
0
0
0
0
0
29,973,835
32,147,531
34,391,021
(326,075)
34,064,946
36,600,758
(17650,252)
(2,225,726)
(6,645,551)
2,854,161
(3,681,290)
(4,993,952)
4,897,694
6,614,514
6,392,068
0
6,392,068
6,396,803
(4,288,392)
(5.534,561)
(4,490,867)
0
(4,490,867)
(4,490,867)
1,200,000
900,000
900,000
700,000
609,302
2,279,953
29801,202
0
218011202
2,605,937
3,629,228
2,588,278
2,642,505
0
2,642,505
1,762,417
Adjustment to Fuad Balance
Fund Balance End of the Year
Reserved for Debt Service
Designated Reserve
Unreserved
2,588,278 2,642,505
(1,201,844)
22854,161
1,762,417
(625,598)
Total Fund Balance
2,388,278 2,642,50.5
(1,201,844)
2,854,161
1,762,417
(625,598)
Total: Fund Balance End ofthe Year
2,588,278 2,642,505
(1.201.844)
2,854,161
1,762,417
(625,598)
DIFFERENCE:
0
0
5.17%
-1.71%
(880,088) (2,388,015)
,A
w
General Fund Expenditure by Departments -- w/o 100 series
City Clerk & City Council
City Manager
City Attorney
Community Center
Community Development
Finance Department
Fire Department
Human Resources
Parks & Recreation
Police Department
Public Works
2001-02 2002-03 2003.04
Actual Budget Requested Recommended Differences
74,646
164,455
123,845
103,230
(20,615)
mainly Soo series
1,612,138
1,538,237
1,566,810
1,480,130
(86,680)
mainly oompromo &ISD
22,421
38,935
32,195
32,195
-
savings in 300 offset by 100 series
512,796
437,550
670,785
597,410
(73,375)
mak* 30oseries
297,322
449,450
488,175
370,190
(117,985)
mainly planning prof sery
197,604
269,357
233,825
229,230
(4,595)
saving offset by 100 series & cost outside our control
546,681
449,850
580,275
582,650
2,375
savings offast by sig exp
195,295
313,906
225,120
195,315
(29,805)
mainly 300senes
656,504
629,802
647,570
693,950
46,380
savings oNeet by sig exp - offset by rev
549,567
584,873
688,375
612,875
(75,500)
mainly 3w series
2,551,171
3,175,487
2,720,855
2,657,110
(63,745)
savings offset by sig exp
7,216,145
8,051,902
7,977,830
7,554,285
(423,546)
Departments came in with requests (other than 100 series) of $74,072 or approx 1 % less than current 2003-04 budgets
Requests (other than 100 series) were further reduced $423,545 or 5.31%
Final 2003-04 recommended vs 2001-02 actual (other than 100 series) increased only $338,140 or 4.69%
includes significant expenditure changes of $ 91,990 that mainly are offset by revenue
Fund Balance (currently projected S2,642,50.5) 4,112,619 4,2244806 3,507,393 3,785,737 3,586,383 3,566,737 3,588,383 3,066,737
ended FIY 2001-02 at 10% reserve (inc Library)
04-05 projections would be 12% reserve all scenarios show a balanced budget
I
Scenario 1
Scenario 2
Scenario 3
Scenario 4
General Fund
200104
200405
2803-04
2004-5
200304
2004
2003-04
2004.05
Consistent Items
Anticipated Savings
Hirelag-fiuure(15)
750,000
750,000
750,000
750,000
750,000
750,000
750,000
750,000
Hire lag -current (10)
500,000
500,000
500,000
500,000
500,000
500,000
500,000
500,000
Golden Hand shake
200,000
400,000
200,000
400,000
200,000
400,000
200,000
400,000
Revenues
Police DepatUnent
175,000
175,000
175,000
175,000
175,000
175,000
175,000
175,000
Animal Shelter fees
DU increased fees
BoWtow, parking offenders
Parking Citation fee maease
Finance Department
265,000
265,000
265,000
265,000
265,000
265,000
265,000
265,000
Return Check charge increase
Increase in late fees on utilities
Admin fee for business licenses
Imity reconnect fee increase
CommunityDeve4ment
390,000
390,000
390,000
390,000
390,000
390,000
390,000
390,000
Building permit fee increase
Roofing permit fees
Energy Plan Click
ADA Plan Check
Public Works
52,000
52,()00
52,000
52,000
52,000
52,000
52,000
52,000
Spec Event Traffic control services
Plan check & processing fees
for development projects
Cal Trans maint agreement - Hwy 12
Pada & Recreation
Spec Event fee - Park Maintenenoe
35,000
35,000
35,000
35,000
35,000
35,000
35,000
35,000
BOBS reimbursements
Change in Policy for Cost recovery P & R from 30% to 354
70,929
70,929
70,929
70,929
70,929
70,929
70,929
70,929
Change in Policy for Cost recovery HSS from 30% to 40%
145,308
145,308
145,308
145,308
145,308
145,308
145,308
145,308
Carryover
700,000
5001000
700,000
500,000
708000
5001008
700,000
5001000
Value of E step to actual
200,000
200,000
200,000
700,000
200,000
200,000
200.000
200,000
Voluntary Leave wiarart pay (year one only)
50,000
50,000
50,000
50,000
Sub total of consistent item
3,533,237
3,483,237
3,533,237
3,483,237
3,533,237
3,483,237
3,533,237
3,483,237
Varhbk Items
Program Reductions
Arts Commission Grants
-AM
25,000
25,000
25,000
25,000
25,000
DLBP
5,000
5,000
101000
10,000
10,000
10,000
10,000
10,000
Convention & Visitor Bureau
13,000
13,000
26,000
26,000
26,000
26,000
26,000
26,000
Chamber of Commerce
-
SIM
5,000
5,000
5,000
5,000
5,000
Kid's Night Can
18000
18,000
18,000
18,000
18,000
18,000
Partnership
-
18080
10,000
10,000
10,000
10,000
10,000
Reduce Ph Hours - Admin
1,400
1,400
1,400
1,400
1,400
1,400
1,400
1,400
Reduce intern hours - PW
22,000
22,000
22,000
22,000
22,000
22,000
22,000
22,000
Pacific Muni Consultant
72000
72,000
72,000
72,000
72,000
72,000
Reduce General Fund Position
EOOX
800,000
-0-
Reduce 16 positions
Pay Raises
New pay raises
PS3430
(981033)
(953,236)
(981,833)
(953,236)
(981,833)
Share of medical coverage paid by employees
200,080
200000
200,000
200,000
200,000
200,000
Addidons to Expenditures
Additional 4 firefighters in year one
(324,435)
(324,435)
(324,435)
(324,435)
Additional 4 firefighters - 3 in year one & 1 in year two
04349
(9E4,47S)
(243,435)
(324,435)
Subtotal of Variable Items
(283,035)
(283,035)
(888,271)
(116,868)
(807,271)
(11"68)
(807,271)
(916,868)
Grand total
3,250,202
3,200,202
2,644,966
3,366,369
2,725,966
3,366,369
2,725,966
2,566,369
Fund Balance (currently projected S2,642,50.5) 4,112,619 4,2244806 3,507,393 3,785,737 3,586,383 3,566,737 3,588,383 3,066,737
ended FIY 2001-02 at 10% reserve (inc Library)
04-05 projections would be 12% reserve all scenarios show a balanced budget
I
2003-05 Financial Plan and Budget Instructions
MAJOR BUDGET PREPARATION MILESTONES
Review of Fiscal Policies and Presentation on Bond Rating
Review 2001-02 Budget vs. Actual
Discuss Budget Calendar and Proposed Financial Strategy
Issue Budget Instructions to Departments
Adoption of Fiscal Policies and Budget Format
Discussion on City Council Goals — Special Council Meeting
Discussion on City Council Goals - continued
Discussion on Status ofHighest Priority Projects
City Manager Revenue Review
Departments Submit Budget Requests to Finance Department
City Council Review of Revenue Assumptions
City Manager Review of Budget Requests
Discuss Significant Expenditure & Staffing Requests
Discuss Capital Improvement Requests
Discuss Budget Scenarios
Discuss Fund Balance and release of Draft Budget Document
City Council Review of 2003-05 Financial Plan & Budget
City Council Review of 2003-05 Financial Plan & Budget — Special meeting
Adopt Financial Plan & Budget
PUBLIC
STAFF MEETINGS
11/19/02
1/6/03
2/10/03
2/17/03
3/03/03
11/26/02
1/02/03
1/15/03
1/21/03
1/28/03
2/5/03
2/19/03
4/02/03
4/122/03
4/30/03
5/07/03
6/04/03
6/05/03
6/18/03
At
DOWNTOWN
LODi
h:
IT'S iNF 1�1° ,
DOWNTOWN LODI BUSINESS PARTNERSHIP
4 WEST PINE STREET
P.O. BOX 1565
LODI, CALIFORNIA 95241-1565
PHONE: (209) 369.8052
FAX: (209) 369.8053
EMAIL- lew0downtownlodi.w
RECEIVED
APR 2 5 2003
City Cierk
Budget request to City of Lodi 2003-2004
A Partnership
City Of Lodi & the Downtown Lodi Business Partnership
Five years ago the City of Lodi passed ordinance #1654 to create a Business Improvement
District (BID). To facilitate the ordinance the business owners in the district voted a self
imposed assessment, and established a non profit corporation called the Downtown Lodi
Business Partnership (DLBP). The purpose of this corporation was to manage the BID.
Through the act of the ordinance and other agreements, the City and the DLBP formed a
partnership to jointly manage the Downtown Community Shopping Center, and to market the
area for the benefit of our citizens and the businesses within the BID.
Over the last four years this partnership has been extremely successful in making Downtown
Lodi ....."The Place to be."
1- Marketing ....we have attracted over 130,000 people to the downtown area
with our various events... Farmers Market, Parade of Lights, Dickens Festival,
Halloween celebration, Family Faith Festival .... and other promotions.
2. Joint management....examples of this function are the School Street tree light
program, banners, encroachment permit issuing, outside event management,
parking solutions and management, economic development and their various
program implication and communications, providing feedback, coordination and
communications to the various city departments..... planning and public works,
city managers office, city council.
K I
oli
DOWNTOWN
LODI
I l'5 TMf P�
DOWNTOWN LODI BUSINESS PARTNERSHIP
4 WEST PINE STREET
P.O. BOX 1565
LODI, CALIFORNIA 95241-1565
PHONE: (209) 369.8052
FAX: (209) 369.8053
EMAIL- Iew@downiownlodi.com
The DLBP is an IRS 501-C6 non profit Californian corporation that was created to
implement the provisions of the city ordinance that created the BID. The DLBP is not a fund
raising organization, and our IRS designation so indicates. BlD's do not qualify or meet the
IRS requirements to be 501 c-3 fundraising organizations.
We can and do raise funds in support of the various events.
Our urimary funding sources are from Business Assessments and City Funding. The
assessment and City funding provides 61 % of our net revenue. This portion of the net revenue
allows us to staff and manage the organization to create the events, and fund raising promotions
that provide the other revenue sources.
The events are used as a major marketing tool for the Downtown. They usually are
budgeted to show a small profit or to break even. When we sponsor an event, there is always
the risk that a loss can be sustained.... it is a calculated business risk. We have been extremely
successful in all of our events, from the Farmers Market to the Parade of Lights in growing
and energizing these programs for the benefit of the entire community... and have done so with a
break even, small loss, or in some cases a profit.
This last year was a first time exception.....a first in our brief history .... that we sponsored an
event that lost a significant amount of money. The Board of Directors has learned a valuable
lesson from this situation. As a non profit we will weight the benefits and the potential
exposure in a proper balance to assure that this type of loss is not sustained in the future.
Easy to say... and difficult to achieve. But our history shows very clearly and substantially that
we are an organization that can achieve difficult goals. We have done so and will continue to
do so!
Sincerely,
YM = a -. A. 6f. -
Lewis F. "Lew" Van Buskirk
Executive Director
Page 1 of 3
April 23, 2003
TO: Mayor Susan Hitchcock, Council members Emily Howard, Keith Land, Larry Hansen, John
Beckman, City Manager Dixon Flynn and City Stats
From Lewis F. Van Buskirk, Executive Director, Downtown Lodi Business Partnership
RE: Downtown Lodi Business Partnership Budget 2003-2004
Attached is the Downtown Lodi Business Partnership (DLBP) board approved budget for the year
2003-2004, as prepared and presented by staff and the Finance Committee of the DLBP. It reflects the
actual history of the last 9 months, plus projections to the end of June 30, as well as current projections
and planning for major projects, management cost for the organization and events for the coming next
12 budget months.
Income overview
Assessments:
The amount of $30,000 reflects our best estimate based on historical collections cycles. Even though
we/the city billed approximately $35,000, the delinquent balance has taken more than 18 months to
collect.
Booth rental:
This includes income from all events such as Dickens Festival, Parade of Lights, with 94% generated by
the Farmers Market and Festival.
City of Lodi Funds:
This figure is the necessary city funding level to keep the DLBP a vibrant and viable organization.
See's Candy:
This is a major marketing tool, and income producer for the Downtown. The projected increase may
seem optimistic when compared to 2002 figure. It is not, when compared to the 2001 figure of $33,000.
We made some changes this last year that did not work as well as the proceeding year. We will return to
the more successful program in 2003.
Sponsorships:
We already have commitments from two corporate sponsors in the amount of $7,500. We feel that this
is an attainable goal because of the success that all of our events have attained.
Ticket Sales:
This reflects an actual increase. Factored out is the ice rink income of last year.
Page 2 of 3
Other income sources:
This includes sales of beer, wine, and soda at the farmers market and other events, food vendor sales,
and float entry.
Cost of Goods Sold:
This is the cost for obtaining products such as sodas, See's Candy, beer & wine, etc.
TOTAL NET INCOME FROM ALL SOURCES IS $199,136
Expense Overview
Advertising and Marketing
$56,000
Bank charges and Dues
$ 1,000
Event Expenses ALL
$25,100
Holiday Decorations Events, and Lighting Program
$ 6,000
Insurance
$11,000
Office supplies & printing
$12,050
Professional Fees
$ 4,600
Rent
$ 5,040
Repairs and Computer Service
$ 600
DSL internet and Telephone Service
$ 1.600
Maps & Brochures
$ 2,250
Administrative expenses
$ 1,650
Administrative Payroll & Taxes
$68,000
Miscellaneous net
$ 105
TOTAL PROJECTED EXPENSES $194,995
Budget retention $ 4,351
Major Expense Details
Advertising & Marketing
The advertising portion of the marketing expense reflects a reduction in actual cash outlay. This
reduction will not reduce the effectiveness of any program, since most events are well established and a
reduction in the type of advertising will have little or no impact.
Page 3 of 3
Posters, banners and signs include the major project of adding banners to the improved areas of the
downtown... i.e. Sacramento Street by the parking facility, Elm Street, and additional banners for infill
to enhance existing banners. In addition there is a portion for one change out of banners to reflect
seasonal change .... i.e. summertime farmers market, etc.
Advertising/OTHER is the cost of TV, and radio mostly associated with planned events.
NONE OF THE ADVERTISING & MARKETING FIGURES INCLUDE ... NON CASH --IN
KIND CONTRIBUTIONS. Last year, we generated over $30,000 of in-kind support for marketing
the Downtown. Contributors included the Lodi News Sentinel, AT&T Broad Band, Christian
Rock radio, Duncan Press, G -Rim and the Geweke group, and others.
Event Expenses ALL
These amounts relate back to events such as the Farmers Market & Festival, Parade of Lights, Family
Faith Festival, Kiddie Parade, etc.
The significant reduction in entertainment expense reflects a major reduction in the projected
expenditures for the Dickens Festival. Also, we are pursuing a new program call Star Search which will
reduce the expense for the Farmers Market.
Holliday Decorations, Events, and Lighting Program
This included about $2,500 for maintenance... including some replacement of the School Street
miniature lighting program The remainder is for some new additions to the holiday decorations. Our
current decorative bows which were purchased over 5 years ago, will have to be replaced with a
different decorative item For this year, this is a very conservative figure. The original purchase of
bows was approximately $10,000. Because of budget considerations we will come up with a less
expensive holiday decoration for Downtown.
Insurance
Insurance in this last year more than doubled. The projected budget amount reflects a continued upward
progression.
Office Supplies & Printing
We will reduce expenditures in this area by going to an eight month program, instead of twelve months
for newsletters. In addition we will use more postings on our web site to communicate with the
membership and the public.
Professional Fees
These entries reflect the history of known expenses in this category.
Administrative Payroll & Taxes
The salaries of the Executive Director and one staff person has been projected to remain at the current
level.
1:59 PM Downtown Lodi Business Partnership
04/07/03
Cash Basis Profit & Loss
July 1, 2002 through April 1, 2003
Ordinary Income/Expense
Income
3500 - Income Accounts
Assessments
Booth Rental
City of Lodi Funds
Float Entry
Food Vendor
Sales -Beer & Wine
Sales-Misc.
See's Candy
Sponsorship
Ticket Sales
Total 3500 • Income Accounts
4030 • Reimbursed Expenses
Total Income
Cost of Goods Sold
Cost of Goods Sold
See's candy
Beer & Wine
Misc, sales
Total COGS
Gross Profit
Expense
6000 • Advertising
Newspaper
Posters/Banners/Signs
6000 • Advertising - Other
Total 6000 • Advertising
5001 • Bank Service Charges
6002 • Contributions
Jul 1,'02 • Apr 1, 03 Proposed Buget 03104
30,800.00
30,000.00
17,652.95
17,000.00
115,000.00
90,000.00
7,990.00
8,000.00
4,635.00
4,000.00
4,600.00
5,000.00
1,148.45
1,000.00
15,328.25
25,000.00
33,660.00
30,000.00
21,782.53
10,000.00
218,937.18
220,000.00
135.00
136.00
219,072.18 220,136.00
0.00
9,809.80 17,500.00
2,500.00
1,000.00
9,809.80 21,000.00
209,262.38 199,136.00
17,377.73
12,000.00
6,690.35
39,000.00
7,310.67
5,000.00
31,378.75
56,000.00
390.43 300.00
300.00 0.00
Page 1 of 3
1:58 PM
04/07/03
Cash Basis
6003 Dues & Subscriptions
6004 • Credit Card Fees
6010 Event Expense
Entertainment -Event
Food & Drink -Event
(lames -Event
Ice Rink -Event
Labor -Event
Promotions -Event
Rentals -Event
Sanitation -Event
Set Up -Event
Supplies Misc.-Event
8010 • Event Expense - Other
Total 6010 - Event Expense
6170 • Holiday Decorations/Events/Lights
6180 - Insurance
Liability Insurance
Work Comp
6180 - Insurance - Other
Total 6180 - Insurance
6200 - Janitorial
6201 - Kiosk Updates
6230 - Licenses/Permits/Inspections
6235.Office Supplies
6250 - Postage and Delivery
6270 • Professional Fees
Accounting
Bookkeeping
Coordinators/Planners
CDA Conference
6270 - Professional Fees - Other
Total 6270 • Professional Fees
Downtown Lodi Business Partnership
Profit & Loss
July 1, 2002 through April 1, 2003
Jul 1, '02 - Apr 1, 03 Proposed Buget 03/04
298.58 300.00
275.00 400.00
25,710.79
6,000.00
3,950.60
4,000.00
1,479.97
1,000.00
43,620.77
0.00
4,748.25
4,000.00
1,309.58
1,000.00
3,201.56
3,000.00
2,643.00
2,500.00
565.00
600.00
3,016.52
2,000.00
2,101.13
1,000.00
92,347.17
25,100.00
4,805.04 6,000.00 Maintenance 1500 Bows $ lights 4500
4,736.06
7,000.00
1,507.88
2,000.00
1,796.05
2,000.00
8,039.99
11,000.00
1,520.00
1,300.00
3,385.08
1,250.00
1,979.74
2,500.00
7,577.34
5,000.00
2,105.03
2,000.00
690.00
700.00
725.00
900.00
4,810.00
2,500.00
0.00
451.16
500.00
6,676.16 4,600.00
Page 2 of 3
1:59 PM
Downtown Lodi Business Partnership
04/07/03
Cash Buis
Profit & Loss
July 1, 2002 through April 1,
2003
Jul 1,'02 - Apr 1, 03 Proposed Buget 03104
6290 Rent
5,520.00
5,040.00
6300 • Repairs
6320 - Computer Repairs/service
235.00
400.00
6300 • Repairs - Other
183.22
200.00
Total 6300 • Repairs
418.22
600.00
6340 - Telephone
Internet
250.88
600.00
6340 - Telephone - Other
1,550.00
1,000.00
Total 6340 • Telephone
1,800.88
1,600A0
6395 - Map & Directory Brochures
4,405.96
2,250.00
6396 - Meals & Entertainment
283.25
300.00
6398 • Meetings
410.94
450.00
6399 - Mileage
467.95
400.00
6400 • Miscellaneous
360.37
500.00
6560 - Payroll Expense
59,052.00
65,000.00
6570 • Returned check
278.00
0.00
6820 • Taxes
3,000.00
Federal
3,000.00
Local
-117.92
state
1,350.00
Total 6820 - Taxes
4,232.08
3,000.00
Total Expense
238,307.96
194,890.00
Net Ordinary Income
-29,045.58
4,246.00
Other Income/Expense
Other Income
160.75
160.75
Other Expense
54,91
54.91
Net Other Income
r
105.84
105.84
i
Net Income
-28,939.74
4,351.84
Page 3 of 3