8-22 DWOA Budget Narrative.pdf

Downtown West Orange Alliance 2022 Proposed Budget Below please find the Downtown West Orange Alliance Special Improvement District's Budget for 2022. A budget hearing will be held during the regularly scheduled council meeting on January 4, 2022. Please email Downtown@WestOrange.org for more information or questions. Thank You. REVENUE Projected 2022 SID Assessments 133,000.00$ Township Contribution Cash 65,809.00$ Township Contribution In-Kind 28,000.00$ Funds Carried Forward 17,000.00$ Mayors 5K Run 5,000.00$ Fundraising (Promotional Events) 37,091.00$ Interest Income 100.00$ Total Revenue 286,000.00$ Township Contribution In-Kind (28,000.00)$ Total Revenue without In-Kind 258,000.00$ EXPENSES Projected 2022 Total Office Operations 102,000.00$ Total In Kind 28,000.00$ Economic Development 3,000.00$ Insurance & Professional Services 5,000.00$ Marketing & Promotions 77,250.00$ Organization 6,600.00$ Visual Improvement 64,150.00$ Total Expenses 286,000.00$ In-Kind (28,000.00)$ Total Expenses 258,000.00$