311-22 Introduction of the 2023 Downtown West Orange Alliance Budget.pdf

cd THE Ewen 6, 4 aD Downtown West Orange Alliance 66 Main Street, West Orange, NJ 07052 Office: 973.325.4109 Fax: 973.325.6359 DOWNTOWN} West Orange www.DowntownWO.com WEST ORANGE, NEW JERSEY THE VALLEY * SAINT MARK’S » TORY CORNER » EAGLE ROCK November 17, 2022 Karen Carnevale Municipal Clerk TWP of West Orange 66 Main Street West Orange, NJ. 07052 Re: Downtown West Orange Alliance 2023 Proposed Budget Dear Ms. Carnevale, Attached please find The Downtown West Orange Alliance's (DWOA) 2022 proposed budget that we would like to present on 1* reading at the Nov. 22, 2022, council meeting. Please forward to the township council and appropriate administration. The DWOA board would like to present a short presentation on Second Reading regarding this budget at the Council meeting on December 20". Thank you for your assistance in this matter. Best Regards, Thor Meg Brill Executive Director P: 973-325-4109 Email: Downtown @ WestOrange.org

Downtown West Orange Alliance 2023 Proposed Budget REVENUE Projected 2023 SID Assessments] S$ 133,000.00 Township Contribution Cash] $ 65,809.00 Township Contribution In-Kind] $ 28,000.00 Funds Carried Forward | $ 5,000.00 Mayors 5K Run | $ 5,000.00 Fundraising (Promotional Events)| $ 29,091.00 Additional Support Twp from West Orange] $ 20,000.00 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 2023 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