8-22 DWOA 2022 Budget vs Actual Final.pdf

DWOA Proposed Budget 2022 REVENUE Projected 2022 Actual Projected 2021 SID Assessments 133,000.00$ 133,070.22$ 133,000.00$ Township Contribution Cash 65,809.00$ 40,809.00$ 40,809.00$ Township Contribution In-Kind 28,000.00$ 28,000.00$ 28,000.00$ Funds Carried Forward from Previous year 17,000.00$ 17,000.00$ 20,000.00$ Fundraising Income Mayors 5K Run 5,000.00$ 2,621.40$ 11,000.00$ Fundraising Income (Street Fair & Sponsors) 37,091.00$ -$ 35,191.00$ Interest Income 100.00$ 75.02$ Total Revenue 286,000.00$ 221,575.64$ 268,000.00$ EXPENSES Administrative Executive Director Salary 60,000.00$ 60,000.00$ 60,000.00$ Administrative Assistant 25,000.00$ -$ 25,000.00$ Payroll Fees 1,000.00$ 979.48$ 1,000.00$ Employer Payroll Taxes 8,300.00$ 4,841.85$ 8,300.00$ Total Administrative 94,300.00$ 65,821.33$ 94,300.00$ Office Operations Director's Expenses (Cell Phone ) 600.00$ 600.00$ 600.00$ Annual Report Fees & Bank Fees 100.00$ 60.50$ 100.00$ Office Equipment (Copier, Furniture & Computer) 1,500.00$ 752.81$ 1,500.00$ Office Software (Member 365 & adobe) 2,500.00$ 2,701.00$ 1,740.00$ Printing 250.00$ 130.00$ 500.00$ Supplies & Brd Mtg Exp 2,750.00$ 1,350.00$ 3,260.00$ Total Office Operations 7,700.00$ 5,594.31$ 7,700.00$ Total Administrative & Office Operations 102,000.00$ 71,415.64$ 102,000.00$ Rent/In Kind 12,000.00$ 12,000.00$ 12,000.00$ Utilities/In Kind 1,800.00$ 1,800.00$ 1,800.00$ Telephone/In Kind 3,500.00$ 3,500.00$ 3,500.00$ General Office/In Kind 6,500.00$ 6,500.00$ 6,500.00$ Postage/In Kind 4,200.00$ 4,200.00$ 4,200.00$ Total In-kind 28,000.00$ 28,000.00$ 28,000.00$ Total Admin. & Office Oper. & In-Kind 130,000.00$ 99,415.64$ 130,000.00$ Economic Development Business Retention 3,000.00$ -$ 3,000.00$ Total Economic Development 3,000.00$ -$ 3,000.00$ Insurance & Professional Services Directors & Officers 1,500.00$ 1,428.73$ 1,500.00$

DWOA Proposed Budget 2022 Disability/Workman's Comp 500.00$ 377.00$ 500.00$ Accountant/Auditor 3,000.00$ 2,500.00$ 3,000.00$ Total Insurance & Professional Services 5,000.00$ 4,305.73$ 5,000.00$ Marketing & Promotions Tourism Grant Match 4,062.50$ -$ Marketing & Promotion 32,400.00$ 32,000.00$ Joseph Fagan 18,000.00$ 18,000.00$ 18,000.00$ Mobile Ap (TV Show) 3,000.00$ 6,825.00$ 2,600.00$ Website Branding, Design/Hosting & M365 3,000.00$ 2,750.00$ 3,950.00$ All Promotional Events 16,787.50$ Downtown Holiday Open House 8,800.00$ 6,750.00$ Edison Day Street Festival/ downtown Thurs 27,000.00$ 10,000.00$ Social Media Bus Promo/Newsletter 845.00$ 7,000.00$ WO Chronicle, TAP & Other Print 650.00$ 500.00$ Shop WO Card -$ 2,350.00$ Business Support & Restaurant Promo -$ 2,500.00$ 5K Run 4,500.00$ 3,000.00$ Other Promotion items 5,040.00$ 3,350.00$ Total Marketing & Promotions 77,250.00$ 74,410.00$ 60,000.00$ Organization Community Events- OSPAC, WOCC 100.00$ 100.00$ 100.00$ Dues & Subscriptions 1,000.00$ 850.00$ 1,000.00$ Main Street New Jersey/National Conference 5,000.00$ 425.00$ 5,000.00$ Membership Drive -$ -$ -$ Trade Shows/Seminars 500.00$ 450.00$ 500.00$ Total Organization 6,600.00$ 1,825.00$ 6,600.00$ Visual Improvement Banners - Spring & Bulb Branding 1,500.00$ 1,450.00$ 2,500.00$ Design Improvements/Website Redesign 3,650.00$ 450.00$ 3,000.00$ Capital Expense 5,000.00$ 640.00$ 3,000.00$ Façade Grant Program 20,000.00$ 14,000.00$ 20,000.00$ Holiday Decorations 13,000.00$ 12,200.00$ 9,900.00$ Landscaping, Planters, Garbage Receptacles 6,000.00$ 4,931.00$ 15,000.00$ Maintenance Worker 15,000.00$ 14,450.00$ 10,000.00$ Total Visual Improvement 64,150.00$ 48,121.00$ 63,400.00$ Total Expenses 286,000.00$ 228,077.37$ 268,000.00$ In-Kind (28,000.00)$ (28,000.00)$ (28,000.00)$ Total Estimated Budget 258,000.00$ 200,077.37$ 240,000.00$