20-19 DWOA 2019 BUDGET NARRATIVE.pdf

2 The administrative and office operation line item includes $28,000 of In-Kind expenses received from the Township. The other expenses relating to Administration and Office Operations include Executive Director salary, payroll fees and taxes, office equipment and supplies. We have continued to utilize the software program; Member 365 (M365) which is a sophisticated membership management tool. The streamlining benefit of M365 cannot be overemphasized and has provided a better organizational tool for managing the database of business and property owners. Administrative Expense Executive Director $ 45,000.00 Employee Taxes (estimated) $ 15,000.00 Payroll Fees & Employer Taxes $ 6,300.00 Intern Staff $ 2,000.00 Sub-Total Admin Expense $ 68,300.00 Office Expenses Directors Cell Phone $ 500.00 Annual Report fees $ 100.00 Office Equipment & Software $ 2,740.00 Printing (Letterhead & Brochures) $ 500.00 Supplies & Board Mtg Exp $ 3,300.00 Sub-Total Office Expenses $ 7,140.00 In-kind $ 28,000.00 Total Administrative & Office $103,440.00 2. Economic Revitalization (ER) $3,000.00 Monies budgeted for ER will continue to provide for business retention and recruitment. This year the ER team will take a more personal approach to meeting with our stakeholders. The team has identified key property owners and locations within the SID Corridor and will concentrate efforts on creating more retail ready store fronts and properties. The ER Team will continue to create an environment for recruiting and retaining business within the downtown corridor. 3. Professional Services & Insurance $5,000.00 The Downtown WO Alliance will distribute funds for Professional Services that include; Directors & Officers Insurance, Worker’s Compensation Insurance, Accounting Services for total budgeted amount of $5,000.00. D&O Insurance $ 1,500.00 Worker’s Compensation $ 500.00 Accounting $ 3,000.00 Total $ 5,000.00